- SAINT LUCIA
- Citizenship by Investment
St. Lucia is a 617 km2 eastern Caribbean Island with the population of 185.000 people. Much of the country is mountainous and is covered in a blanket of rainforest. In addition St. Lucia has very arresting sight beaches – golden in the north and silvery in the south. Throughout the years the country was contested between French and British. French were 1st settlers on the island, but in 1814 the British took the final control of the island. As it switched very so often between French and British, the island is also called as “Helen of the West Indies”.
St. Lucia has launched its citizenship by Investment program on 1st January 2016. The primary reason for launching the program was to attract foreign direct investments as the country is capable of offering plenty of benefits to the potential investors.
The application process is straightforward and does not need the applicant to travel to St. Lucia. The applicant must be at least 18 years old, with good health and with no criminal record. There are four possible investment categories for the applicant:
- Investment to national economic fund
- Buying pre
- approved real estate
- Pre-approved enterprise project
- Investment in non-interest bearing government bonds
Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act No. 14 of 2015. Investment Programme establishes the National Economic Fund for the sole purpose of receiving qualifying investments of donations under the Citizenship. Funds collected via the National Economic Fund will be used for purposes, which have been approved by Cabinet as part of the national development agenda.
Reasons to choose Saint Lucia?
- The applicant and his/her family members can reside, study and work during the their whole life
- Visa free access to more than 120 countries, including Schengen Area
- No mandatory rule to renounce the first citizenship
- No mandatory language requirements
- No mandatory residency requirement in the country
- Life in stable country as the island is the part of commonwealth of Nations, CARICOM and International Organization of Francophonie
National Economic FundA. For a single applicant
Contribution US$100,000 Processing fee US$2,000 Contribution US$165,000 Processing fee US$2,000 Contribution US$190,000 Processing fee US$1,000 Each additional qualifying dependent US$25,000
Real Estate Projects
The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:
- High-end branded hotels and resorts
- High-end boutique properties
Once approved, the real estate project becomes available for qualifying investments from applicants for citizenship by investment.
The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investment Unit in Saint Lucia deposits investments, equalling the agreed purchase price, in an approved irrevocable escrow account managed jointly by the developer and the Citizenship.
Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required:
Main Applicant: US$300,000
The Cabinet of Ministers will consider enterprise projects to be included on the approved list for the Citizenship by Investment Programme.
Approved enterprise projects fall into seven (7) broad categories:
- Specialty Restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports, bridges, roads and highways
- Research institutions and facilities
- Offshore universities
Once approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment.
Once an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:Option 1 – A sole applicant.
A minimum investment of US$3,500,000 A minimum investment of US$6,000,000 with each applicant contributing no less than US$1,000,000
Citizenship by investment may be made through the purchase of non-interest-bearing Government bonds. These bonds must be registered and remain in the name of the applicant for a five (5) year holding period from the date of first issue and not attract a rate of interest.
Once an application for citizenship by means of an investment in government bonds has been approved, the following minimum investment is required:
Applicant applying alone: US$500,000 Applicant applying with spouse: US$535,000 Applicant applying with spouse and up to two (2) other qualifying dependents: US$550,000 Each additional qualifying dependant: US$25,000
Applicable FeesDue Diligence Government funds and Real Estate option:
For spouse US$5,000 Dependant aged 16 years and above US$5,000
(Applicable for Government bonds and Real Estate or Enterprise Project investments)
Per bond application US$50,000 Principal applicant: US $50,000 Each qualifying dependant: US $35,000 (18 years of age and over) Each qualifying dependant: US $25,000 (Under 18 years of age) Passport, Naturalization & Stamp Fees US$250
Visa-Free/Visa-on-arrival: Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Barbados, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Botswana, British Virgin Islands, Bulgaria, Cambodia, Cape Verde, Cayman Islands, Chile, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Cuba, Curaçao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Fiji, Finland, France, French Guiana, Gambia, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guatemala, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Jordan, Kenya, Kiribati, Kosovo, Laos, Latvia, Lesotho, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Maldives, Malta, Martinique, Mauritania, Mauritius, Micronesia, Montenegro, Montserrat, Mozambique, Nepal, Netherlands, Nicaragua, Niue, Norway, Palau, Panama, Peru, Philippines, Poland, Portugal, Romania, Saint Barthélemy, Saint Kitts and Nevis, Saint Martin (French part), Saint Vincent and the Grenadines, Samoa, Senegal, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Korea, Spain, Suriname, Swaziland, Sweden, Switzerland, Taiwan, Tanzania, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Tuvalu, Uganda, United Kingdom, Vanuatu, Venezuela, Zambia, Zimbabwe
Electronic Authorization: Bahrain, Gabon, Georgia, India, Sri Lanka, Turkey,
Visa required prior to arrival: Afghanistan, Albania, Algeria, American Samoa, Angola, Australia, Azerbaijan, Bangladesh, Belarus, Benin, Bhutan, Bosnia and Herzegovina, Brazil, Brunei, Burkina Faso, Burundi, Cameroon, Canada, Central African Republic, Chad, China, Congo Republic, Côte d'Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Ethiopia, Falkland Islands (Malvinas), French Polynesia, Ghana, Guam, Guinea, Guinea-Bissau, Iraq, Japan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Liberia, Macau, Macedonia, Mali, Marshall Islands, Mayotte, Mexico, Moldova, Mongolia, Morocco, Myanmar, Namibia, Nauru, New Caledonia, New Zealand, Niger, Nigeria, Norfolk Island, North Korea, Northern Mariana Islands, Oman, Pakistan, Papua New Guinea, Paraguay, Puerto Rico, Qatar, Russia, Rwanda, Réunion, Saint Pierre and Miquelon, Sao Tome and Principe, Saudi Arabia, Serbia, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Syria, Tajikistan, Thailand, Turkmenistan, U.S. Virgin Islands, Ukraine, United Arab Emirates, United States, Uruguay, Uzbekistan, Vietnam, Wallis and Futuna, Yemen,
Entry denied: libya
Located in the continent of the Caribbean, Saint Lucia does not share land borders with any countries.
East Caribbean dollar (XCD)
Parliamentary democracy under constitutional monarchy