St. Lucia is located in the Lesser Antilles region of the Eastern Caribbean, covering an area of 617 km2 . The country attracts foreign business and investment, especially in its international banking and tourism industries. The St. Lucia Citizenship by Investment Program provides investors with the opportunity to make a contribution to the government or an approved enterprise or to invest in an attractive real estate development that will benefit from the nation’s tourism based economy. Tourism is St. Lucia’s main source of employment, and its manufacturing sector is the most diverse in the Eastern Caribbean.
ST. LUCIA
((Citizenship by Investment Program))
VISA FREE DESTINATIONS:
148
PASSPORT INDEX RANK:
32
OVERVIEW:
PROCEDURE:
The application process should take no longer than three months from the submission of the application to the issuance of the certificate of citizenship, assuming there are no areas of concern with the application. After submission of the application for St. Lucian citizenship, due diligence checks will be completed by a dedicated citizenship investment unit (CIU). CIU will request qualifying funds and requisite government administration fees.
If all requirements are fulfilled, the application will be approved, after which an oath or affirmation of allegiance will be signed and full citizenship will be received.
MINIMUM CAPITAL REQUIREMENT:
Minimum contribution of USD 100,000 – Starting June 30th, minimum threshold will be USD200,000
MAIN APPLICANT REQUIREMENTS:
● A minimum age of 18 years
● No criminal record
Select one of the following options:
● Purchase of real estate with a minimum value of USD 200,000 from an approved real estate development, which must be held for a minimum period of five years.
● Participation in an approved enterprise project with a minimum contribution of USD 3.5 million, plus the creation of no less than three permanent jobs. Alternatively, a joint contribution of USD 6 million (with each applicant committing a minimum of USD 1 million) plus the creation of no fewer than six permanent jobs.
● Non-refundable contribution to the National Economic Fund of USD 100,000 for a single applicant. Alternatively:
➢ USD 140,000 for a main applicant and spouse
➢ USD 150,000 for a main applicant, spouse, and up to two qualifying dependents.
➢ USD 15,000 for each additional dependent applying with the main applicant, spouse, and two other qualifying dependents.
➢ USD 25,000 for each qualifying dependent
● Investment in non-interest-bearing government bonds with a minimum value of USD 300,000 (and an administrative fee of USD 50,000), which must be held for a minimum period of five years.
● Additional fees apply.
PROCESSING TIME:
3–4 months
KEY BENEFITS:
- No prior visa required for over 140 destinations
- Ability to include a spouse, children under 31, siblings under 18, and parents aged 55 and over, as well as to add dependents after citizenship has been granted to the main applicant.
- No minimum stay required
- Attractive program and processing costs
- Dual citizenship recognized
