The St. Lucia Citizenship by Investment Program was established by the government of St. Lucia as a means to attract foreign investment and stimulate economic growth in the country. The program was created through the enactment of legislation and the implementation of specific regulations and criteria. It offers individuals the opportunity to obtain St. Lucian citizenship through investment, thereby contributing to the development of various sectors such as infrastructure, tourism, and real estate.

St. Lucia Citizenship by Investment

The program aims to provide investors with a streamlined pathway to citizenship while simultaneously boosting the country’s economy.

Investors have the opportunity to participate in the St. Lucia Citizenship by Investment Program, which allows them to contribute to the government or an approved enterprise, or invest in a captivating real estate project.

The Benefit of St. Lucia Citizenship by Investment

The St. Lucia Citizenship by Investment Program offers the following advantages:

  • Extensive Travel Opportunities: Holders of a St. Lucian passport benefit from visa-free or visa-on-arrival access to more than 140 destinations worldwide, including the Schengen Area in Europe, Hong Kong, Singapore, the United Kingdom, and various other countries.
  • No Residency Requirements: Unlike some citizenship programs, St. Lucia does not impose any residency obligations, allowing individuals to obtain citizenship without the need to reside in the country or make extended visits.
  • Inclusive Family Provisions: The program permits the inclusion of immediate family members, such as a spouse, children under 31 years old, dependent siblings under 18 years old, and parents aged 55 and above. Furthermore, additional dependents can be added to the application after citizenship has been granted.
  • Cost-Effective Investment and Processing: The St. Lucia Citizenship by Investment Program offers attractive investment options and competitive processing costs, making it a financially appealing choice for individuals seeking second citizenship.
  • Dual Citizenship Recognized: St. Lucia recognizes and allows dual citizenship, enabling applicants to retain their current citizenship while enjoying the benefits of St. Lucian citizenship.

The St. Lucia Citizenship by Investment Program is governed by the Citizenship by Investment Act No. 14 of 2015. Section 33 of this act established the Saint Lucia National Economic Fund (NEF), which receives the qualifying investments and donations made by program participants. These funds are utilized by the government to support the national development agenda.

To obtain citizenship through the program, applicants are required to make a substantial economic contribution to the country. Following a rigorous application process and thorough due diligence checks, successful applicants and their families are granted full citizenship. The main applicant must be at least 18 years old, meet the application requirements, and choose one of the following investment options:

  • Invest a minimum of USD 200,000 in approved real estate from a designated development, which must be held for a minimum of five years.
  • Participate in an approved enterprise project by contributing at least USD 3.5 million, along with the requirement of creating a minimum of three permanent jobs. Alternatively, applicants can make a joint contribution of USD 6 million (with each applicant committing a minimum of USD 1 million) while creating a minimum of six permanent jobs.
  • Make a non-refundable donation to the National Economic Fund, with options as follows:

   – USD 100,000 for a single applicant

   – USD 140,000 for the main applicant and spouse

   – USD 150,000 for the 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

  • Invest a minimum of USD 300,000 in non-interest-bearing government bonds (plus an administrative fee of USD 50,000), which must be held for a minimum of five years.

All qualifying dependents must have a clean personal background, free from criminal records or ongoing criminal investigations, except for minor offences.

To obtain comprehensive details regarding the St. Lucia citizenship by investment program, please feel free to get in touch with us.

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