St Lucia Citizenship by Investment Programme was amended - these amendments make the St Lucia Citizenship by Investment Programme an attractive option.
The Government of Saint Lucia has announced amendments to the Citizenship by Investment Regulations No. 89 of 2015. On the 22nd of December 2016, the Minister responsible for citizenship by investment signed a statutory instrument making amendments to the Citizenship by Investment Regulations No. 89 of 2015 which came into force from January 2017. These amendments bring the St Lucia Citizenship by Investment Programme in line with that of Dominica, particularly with respect to donations to to the national investment fund.
Amendments to St Lucia Citizenship by Investment Programme
The major changes are meant to make the Saint Lucia Citizenship by Investment Programme more competitive. To summarise, the main changes are:
- Donation has been reduced from US$200,000.00 to US$100,000.00;
- The Threshold requirement for an Applicant to have a Net Worth of US$3 Million has been removed;
- The capping of 500 passports a year has also been removed;
- The Oath of Allegiance can now be taken in writing, before a Saint Lucia Ambassador, Honorary Consul, lawyer or Notary;
- The Forms have been streamlined and simplified, so as to reduce the time for processing the applications;
- The Government bond option starting from US$500,000 to be held for five years (interest free) has been reintroduced with an administration fee of US$50,000 per application.
Donation Option
Under the recent amendments, those individuals who are accepted under St Lucia's Citizenship by Investment Programme are to invest:
- US$100,000 - Main Applicant applying alone
- US$165,000 - Main Applicant applying with spouse
- US$190,000 - Main Applicant applying with spouse and two qualifying dependents.
- Each additional dependent US$25,000
Contact us for more details
We are able to advise you and assist you in submitting an application under the St Lucia Citizenship by Investment Programme as well as indicate the expected time frames based on the specific circumstances and the nature of your application.
