As a neighboring country St. Kitts and Nevis reloaded its citizenship program on new terms, Saint Lucia made changes to local CIP to keep strong position on the market. First of all, starting from January 1, 2023, the bond option of “Citizenship of Saint Lucia” has risen in price to USD 300,000 (against USD 250,000 earlier). Now it is a 5-year return on investment with a bonus — you can include any number of dependent family members in the application. That is quite convenient comparing to previous ranged track, where number the number of years depended on the number of people in the application. Regarding this option non-refundable administration fees has been reduced to USD 50,000 only doesn’t matter how many dependents investor will include in the file. Spouses, children under 30 and parents over 55 can be included in the application. And also, brothers and sisters under the age of 18 (single, without children).
Citizenship of Saint Lucia by investment program was not pioneer of the CIP industry but has pioneering investment option that catches attention of investors who prefer minimum risks when they make a choice.
There are also changes in the rules for the real estate option — the amount has been reduced by $100,000 from January 1, 2023. Approved developments only. There are only two authorized projects, Canelles Resort and The Alpina Square, and none of them have started construction.
Citizenship of Saint Lucia – investment in Goverment Fund
All stays the same for non-refundable option, government fund. Investor may add-on a qualifying dependent for the grant of citizenship by making an investment into the National Economic Fund, starting from USD 100,000 (one person). Newborn child of a citizen (child of 12 months of age & below) – USD 5,000. Spouse – USD 35,000. Qualifying dependent (other than a spouse) – USD 25,000.
When investor obtains Caribbean citizenship for himself and the family, they enjoy visa-free travels to the UK (180 days a year without a visa, since the country is a member of the Commonwealth of Nations), as well as visa-free entry into the EU (90 days every six months), as well as Hong Kong and Singapore are on the list of visa-free countries.
Our lawyers have a complete valid list of all the documents they will help you prepare for the application. The Saint Lucia program is now popular due to the presence of a unique option, so applications to it are prepared by APEX monthly.
