Logo

Share This Post

Citizenship / Featured News / St Lucia Citizenship

Gain Citizenship in Paradise Through St. Lucia’s CBI Program

Gain Citizenship in Paradise Through St. Lucia’s CBI Program

When it comes to investment migration programs, St. Lucia has had a unique advantage. It was late to the game, rolling out their program fairly recently in 2015 to join the ranks of its CARICOM neighbors.

In other words, it’s had plenty of time to watch these countries overcome obstacles in their own CBI programs. Every new program has its imperfections, and St. Lucia has had the opportunity to avoid most of them simply by observing. The result is an investment migration scheme built with the Caribbean’s collective best practices.

St. Lucia’s Citizenship by Investment bill has opened up four different routes to obtaining a passport that offers visa-free travel to 123 countries:

  1. National Economic Fund Contribution – This fund was established specially to receive contributions for St. Lucia’s CBI program. The funds are used in government-sponsored projects as needed. It’s one of the more affordable options for those applying with families.
    • $100,000 USD for an applicant applying alone
    • $165,000 USD for an applicant applying with a spouse
    • $190,000 USD for an applicant applying with a spouse and two dependents
    • $25,000 USD for each additional dependent
  2. Government Bond Investment – For those hoping to recoup their investment, they can put their capital into interest-free government bonds that must be held for 5 years under the name of the primary applicant.
    • $500,000 USD for an applicant applying alone
    • $535,000 USD for an applicant applying with a spouse
    • $550,000 USD for an applicant applying with a spouse and two dependents
    • $25,000 USD for each additional dependent
  3. Real Estate Investment – The main applicant must invest a minimum of $300,000 USD into approved real estate projects. The St. Lucian government has two main categories of approved projects: 1) high-end branded hotels and resorts, and 2) high-end boutique properties.
  4. Enterprise Project Investment – Applicants can invest in an enterprise project approved by the Cabinet of Ministers. The seven categories of approved enterprises are: specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways, research institutions and facilities, and offshore universities.
    • $3,500,000 USD for a sole applicant
    • $6,000,000 USD for a join venture; each applicant must contribute a minimum of $1,000,000 USD

St. Lucia’s program has risen to prominence among its members with a high level of prestige by levying a hard limit on annual application numbers and raising the amount of capital required from investors. However, there are many benefits to match this:

  • Processing time is only 3 months
  • Qualifications for dependents are more lenient, e.g. children under 25, parents over 65, and mentally/physically challenged dependents regardless of age
  • Dual citizenship is permitted
  • No tax on worldwide income
  • No physical residency requirements
  • No need to visit St. Lucia for the application process
  • Visa-free travel to 123 countries, including the UK, Hong Kong, and the Schengen Zone

St. Lucia doesn’t make it to the investment migration news cycle as often as its CARICOM peers, but that’s no reason to overlook it. Anyone further interested in these four options to 2nd citizenship can find an extensive list of details here.

Sources:

Arton Capital
CIP St. Lucia
Government of St. Lucia

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Skip to toolbar