How To Get Second Passport By Investment Changes In St Lucia
St Lucia Citizenship by investment is one of the most sought-after citizenship in the world. St Lucia government has announced new prices for citizenship by investment program given the current climate – COVID-19.
The Citizenship by Investment Unit of St Lucia has been the first country in the Caribbean region to introduce various amendments to attract more citizens and direct investment into the country amidst the Covid-19 pandemic.
St Lucia Covid-19 Bond
This investment option is valid till 31 December 2020.
- Prospective citizens will qualify for citizenship by applying through purchase of new, non-interest-bearing bond with five-year holding period, called COVID-19 Relief Bond, for US$250,000 instead of US$500,000 for a single applicant.
- For applicants with one dependent such as a spouse, bond will remain at US$250,000 but holding period will be for 6 years.
- For up to four dependents, minimum bond purchase is either US$250,000 (hold for 6 years) or US$300,000 (hold for 5 years).
- Government administration fees have been reduced from US$50,000 to US$30,000.
- Government administration fees only payable upon approval.
Please see below description of other citizenship by investment options to consider when considering St Lucia as a option to obtain a second passport.
St Lucia Citizenship By Investment Options
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Donation
High net worth individuals may choose to make a monetary contribution to the Saint Lucia National Economic Fund
- US$100,000: Single applicant.
- US$165,000: Main applicant with spouse
- US$190,000: Family with up to 3 dependents (spouse + 2 children).
- US$25,000: Each additional dependent.
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Real Estate Investment
Individuals may purchase government approached real estate to obtain citizenship by investment into St Lucia.
Must purchase of government approved real estate worth a minimum of $300,000 and hold it for minimum period of 5 years. Property registration, processing fees and taxes must be paid in addition to the property purchase. Individuals are required to execute a binding purchase and sales agreement for an investment in an approved government project and the agreed purchase price is deposited into an approved escrow account managed jointly by the developer and the Citizenship by Investment unit in Saint Lucia.
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Real Estate Investment
Individuals may invest minimum of US$3. 5 million into approved enterprise projects and create at least 3 jobs. Two applicants may apply for citizenship by investment by sharing an investment amount of US$6 million and create 6 jobs to qualify.
Projects must fall within the following categories:
- Specialty restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports
- Bridges
- Roads and highways
- Research institutions and facilities
- Offshore universities
Contact us at info(@)passportpath(dot)com for an informal discussion and chat.
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