Overview of the Program

The St. Lucia Citizenship by Investment (CBI) Program was established in December 2015, providing a pathway for individuals and their families to acquire citizenship through significant economic contributions to the country. This program is designed to attract foreign investment, thereby contributing to national development while offering investors and their families the benefits of St. Lucian citizenship.

Investment Options

To qualify for citizenship under this program, applicants must choose one of several investment options:

• National Economic Fund Contribution: A non-refundable contribution starting at USD 240,000 to the National Economic Fund (NEF), which supports various government initiatives.
• Real Estate Investment: Purchase of real estate from an approved development, with a minimum investment requirement that typically starts at USD 300,000.
• Approved Enterprise Projects: Investing in government-approved projects that contribute to the local economy.
• Government Bonds: Purchasing government bonds with a minimum investment threshold that can vary based on current offerings.

Each option has its own financial requirements and associated benefits, allowing potential applicants to select an avenue that aligns with their financial capabilities and investment goals.

Eligibility Requirements

Applicants must meet specific eligibility criteria:

• The main applicant must be at least 18 years old.
• All qualifying dependents (spouse, children, parents) must have a clean personal background with no criminal record or ongoing criminal investigations.
• Applicants deemed as potential security risks or those who could bring disrepute to St. Lucia will not be approved.
• The application process involves rigorous due diligence checks conducted by the Citizenship by Investment Board and its dedicated unit (CIU).

Application Process

The application process consists of several steps:

• Submission of Application: Applications are submitted electronically and in printed form through authorized agents like Henley & Partners.
• Document Requirements: Applicants must provide requisite supporting documents including valid passports, proof of investment funds, and other necessary identification documents.
• Processing Fees: Non-refundable processing fees must accompany the application for each family member included in the application.
• Approval Notification: Once an application is approved in principle, applicants are notified and required to remit the qualifying funds within 90 days before receiving their certificate of citizenship.
• Oath of Allegiance: Successful applicants must sign an oath or affirmation of allegiance before receiving their citizenship certificate.
• No Mandatory Residence Requirement: While there are no mandatory residence requirements for maintaining citizenship, applicants are encouraged to visit St. Lucia as part of their engagement with the country.

Benefits of St. Lucia Citizenship

Acquiring citizenship through this program offers numerous advantages:

• Visa-Free Travel: Holders enjoy visa-free or visa-on-arrival access to over 146 countries including key destinations such as Hong Kong, Singapore, the UK, and all Schengen Area countries.
• Right to Live and Work in St. Lucia: Citizens can reside in St. Lucia without restrictions and benefit from its favorable living conditions.
• Tax Benefits: Lucia has no wealth tax, inheritance tax, capital gains tax, or tax on worldwide income which makes it attractive for investors seeking tax efficiency.
• High Quality of Life: The island boasts beautiful beaches, a tropical climate, and a stable environment conducive to both business and leisure activities.

In summary, the St. Lucia Citizenship by Investment Program presents a viable option for individuals seeking global mobility through second citizenship while contributing positively to the local economy.