Caribbean citizenship-by-investment programs are one of the most well-established and successful investments schemes.
International investors are entitled to apply for full-time citizenship in picturesque and financially secure countries and benefit from greater mobility around the world.
Applicants are granted quick, legal, irrevocable second passports, with no residency time and several advantages.
St. Lucia
The St. Lucia Citizenship Program was launched in December 2015 and it’s the newest one of the Caribbean programs for citizenship by investment. A simple and straightforward program; St. Lucia’s citizenship by investment program offers passports and certificates of citizenship for those willing to invest in either governmental contribution, investing in government bonds, or by purchasing real estate in the naturally beautiful island.
Country Overview
Capital
Castries
Area
617 Km2
Population
183,600
Language
English
French Patois
Min. donation
US$100,000
Min. investment
US$ 300,000
Visa-Free
146 Countries
Legal Basis
- The Saint Lucia Citizenship Act passed both houses of Parliament in August of 2015. The regulations regarding Citizenship by Investment in Saint Lucia are contained in Statutory Instrument No.89 of 2015. The constitutional Act permits the Government of St Lucia to grant dual citizenship to any foreign national who can satisfy the necessary investment criterions. For detailed information visit the official St Lucia citizenship by investment government website. https://www.cipsaintlucia.com/
Advantages
- St Lucia passport allows visa-free or visa-on-arrival travel to 144 destinations including China, Hong Kong, Russia, Singapore, the UK, Europe’s Schengen Area
- Reputable second passport easy to obtain visas when required
- Diverse Investment routes through real estate, enterprise projects or government bonds
- Citizenship-by-descent is available to future generations.
- St Lucia is a member of the Commonwealth, which entitles citizens to certain privileges in the UK and other Commonwealth countries.
- Dual citizenship is allowed by the nation.
- No taxes on capital gain, gift, wealth inheritance. No taxes on non-residents
- Ability to open bank accounts worldwide with this passport
- There is no minimum stay or visit required.
- Simple process with fast track option available
Main applicant
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
Eligibility
DEPENDENTS
- Spouse of the main applicant
- Adult children (biological or adopted) under 30 years of age
- Parents and Grandparents above 55 years old
- Unmarried and childless siblings below 18 years old
Cost
OPTION 1: NON-REFUNDABLE CONTRIBUTION TO NATIONAL ECONOMIC FUND (NEF)
Main applicant — US$ 100,000
Main applicant and spouse — US$ 140,000
Main applicant, spouse, and up to two other qualifying dependents — US$ 150,000
Each additional qualifying dependent applying with the main applicant, spouse, and two other qualifying dependents — US$ 15,000
Each additional qualifying dependent — US$ 25,000
OPTION 2: REAL ESTATE
An amount of USD 300,000 has to be invested in a government-approved real estate development and be held for 5 years.
In addition to the purchase of real estate there are government fees to be paid
Main applicant — US$ 30,000
Main applicant with spouse — US$ 45,000
Each dependent aged 18 and over — US$ 10,000
Each dependent 17 and older — USD 5,000
Each subsequent family member after sixth — USD 10,000
OPTION 3: NON-INTEREST BEARING GOVERNMENT BONDS
St Lucia is the only Caribbean country that permits you to obtain a second passport by purchasing government bonds. The investor will not receive any interest against the bond, and he/she must hold the bond for a minimum of five years. The minimum investment required through this route is US$ 500,000.
DUE DILIGENCE
Compulsory background checks are payable to the Government who appoints a third-party due diligence agency. These agencies use various international and local law enforcement sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.
Main applicant – US$ 7,500
Spouse – US$ 7,500
Dependents over 18 years – US$ 5,000
OTHER FEES
Professional fees, official application forms, certificates of citizenship and passports and other disbursements fees are the other costs associated. A detailed quotation with no hidden costs is provided for the specific case.
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