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Saint Lucia - Citizenship by Investment Program
1. Legal Basis
 
Saint Lucia's Citizenship by Investment Program was launched in December 2015 following the passage of Act No. 14 of 2015, the Citizenship by Investment Act on 24th August 2015. The objective of the Act is to enable persons to acquire citizenship of Saint Lucia by registration following a qualifying investment in Saint Lucia and for related matters.
 
The applicant may apply together with the following dependents:
 
  • Spouse;
 
  • Children of the applicant and his/her spouse:
    • aged 21 or below; or
    • unmarried childeren aged below 30 and are fully supported by the main applicant; or
    • with physical or mental disability and are fully supported by the main applicant;
 
  • Parents of the applicant and his/her spouse:
    • aged 55 or above and are fully supported by the main applicant; or
    • with physical or mental disability and are fully supported by the main applicant;
 
  • Unmarried siblings of the applicant:
    • under the age of 18 and have their parents or guardians agree to apply for naturalization.
 
2.     Application Requirements
 
To qualify for the Citizenship by Investment Program, the applicant shall:
 
  • Be at least aged 18;
  • Satisfy a minimum qualifying investment;
  • Pass a diligence background check along with their qualifying dependents over age 16;
  • Pay the requisite processing, due diligence and administrative fees upon application
 
3. Investment Options
 
Investors can choose one of the following investment options:
 
(1) Donation Option <Revised on May 12,2020>
 
The applicant shall donate to the  National Economic Fund as follow:
 
  • Applicant applying alone: US$100,000
  • Applicant applying with spouse: US$140,000
  • Applicant applying with spouse and up to two (2) other qualifying dependants: US$150,000
  • Each additional qualifying dependant, of an applicant applying with a spouse and two other qualifying dependants: US$15,000
  • Each additional qualifying dependant, of any age: US$25,000
 
(2) Real Estate Projects
 
The applicant shall invest in an approved real estate project with the purchase consideration of not less than US$300,000.
 
(3) Enterprise Projects
 
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 an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:
 
  • Sole applicant: A minimum investment of  US$3,500,000;
  • Additional applicants (joint venture): A minimum investment of  US$ 6,000,000 with each applicant contributing no less than US$1,000,000
 
 (4) COVID-19 Relief Bond (Effective May 12,2020)
 
Due to COVID-19 situation, Citizenship by investment may be made through the purchase of non-interest-bearing Government bond - COVID-19 Relief Bond. These bonds must be registered and remain in the name of the applicant from the date of first issue and the following minimum investment and minimum investment holding period is required:
 
  • Sole Applicant (5 years holding bond): US$250,000   ;
  • Applicant  applying with 1 qulifying dependant (6 years holding bond): US$250,000 ;
  • Applicant  applying with up to 4 qulifying dependants (7 years holding bond):  US$250,000 ; 
  • Applicant  applying with up to 4 qulifying dependants (5 years holding bond)US$300,000 ; and
  • Each additional qualifying dependant along with up to 4 qualifying dependants: US$15,000
 
No processing fee (sole applicant: US$2,000/ each dependant: US$1,000) is payable by applicants who apply for this special bond offering. 
 
The administrative fee payable by the applicant, once the application is granted is US$30,000.
 
Note: Due to the global pandemic COVID-19, the special government bond investment project is valid from May 12, 2020 to December 31, 2020.
 
(5) Government Bonds
 
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 the following minimum investment is required:
 
  • Sole Applicant: US$500,000;
  • Applicant applying with spouse: US$535,000;
  • Applicant applying with spouse and up to two (2) other qualifying dependants: US$550,000; and
  • Each additional qualifying dependant: US$25,000
 
4.     Other Government Fees
 
The following fees are payable to the Government of Saint Lucia for each application under the Citizenship by Investment Program
 
(1) Due Diligence Fee and backgroud checks fee: (Non-refundable) 
 
  • Sole Applicant: US$7,500
  • Dependant aged 16 years of age: US$5,000 /each
 
(2) Processing fee: (Non-refundable & not applicable to COVID-19 Relief Bond)
 
  • Sole applicant: US$ 2,000
  • Each qualifying dependant:US$1,000
 
(3) Administration fees:
 
  • Per bond application: US$ 30,000
  • Per COVID-19 Relief Bond application: US$ 30,000
 
  • Real Estate Projects
    • Sole Applicant: US$ 30,000;
    • Applicant with Spouse: US$45,000 /each;
    • Each additional dependant aged under 18 years: US$5,000;
    • Each additional dependant aged 18 or over: US$10,000;
    • Family of (4) four or more persons: US$10,000/each
 
  • Enterprise Projects
    • Sole Applicant: US$50,000;
    • Joint applicants (joint venture): US$50,000 /each;
    • Each additional dependant aged 18 or over: US$35,000;
    • Each additional dependant aged under 18: US$25,000
 
(4) Passport fees: US$ 150 /each 
 
5. Procedures and schedules
 
The documents and information requirements of the Citizenship by Investment Program of Saint Lucia are quite reasonable and application procedures are very straight forward, no interview is required. Applications through the donation route can be approved in 3 to 6 months. However, applications through the real estate route can take 4 to 8 months before approval is obtained because the real estate route involves purchasing properties, which requires more paperwork. In addition, most investors would usually visit the country first before deciding to purchase real estates, and thus more the processing time is required.
 
6. Advantages of St. Lucia citizenship
 
  • Low investment amount: donation can be as low as US$100,000;
  • Short processing time: passports can be issued 3 - 6 months after submission the application;
  • Low entry requirements: no language, education, funding and business experiences are required;
  • One application for migration of up to three generations: the applicant together with his/her spouse, their children, siblings and parents can obtain citizenship and passports of Saint Lucia through one application;
  • No landing or residency requirements: the applicant and his/her dependents are not required to land or reside in Saint Lucia for obtaining the citizenship and passports of Saint Lucia;
  • Visa-free/ Visa on arrival in more than 150 countries: successful applicants and their dependents can enjoy visa-free travel in over 150 countries and regions worldwide, including the United Kingdom, Schengen countries, Singapore and Hong Kong;
  • Low tax regimes: there is no exchange controls, personal income tax, corporate income tax, value added tax or inheritance tax in Saint Lucia. Citizens of Saint Lucia are not required to pay tax on their income, interest, gifts, assets and inheritances obtained overseas;
  • Multiple citizenships allowed: dual and multiple citizenships are legally recognized in Saint Lucia.
 
 
Note: This document is for reference only, all terms are subject to written contract.