The St. Lucia Citizenship by Investment Program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application process and due diligence checks, the applicants and their families are granted full citizenship. The St. Lucia Citizenship by Investment The program is regulated by the Citizenship by Investment Act No. 14 of 2015.
Benefits of the St. Lucia Citizenship by Investment Program:
- A St. Lucian passport provides visa-free or visa-on-arrival travel to 146 destinations including Europe’s Schengen Area, Hong Kong, Singapore, the UK, and many others.
- No residence or visitation is required.
- Applicants can include a spouse, children under 31, siblings under 18, and parents aged 56 and over, as well as add dependents after they have been granted citizenship.
- The program has attractive investment and processing costs.
- St. Lucia recognizes dual citizenship.
Requirements of St. Lucian citizenship by investment:
The program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application process and due diligence checks, the applicants and their families are granted full citizenship.
The main applicant must be at least 18 years of age to qualify, meet the application requirements, and select one of the following investment options:
1. An investment in an approved real estate development with a minimum value of USD 300,000, which must be held for a minimum period of five years. Additional costs may also be incurred depending on the real estate developer.
2. An investment in an approved enterprise project (as set out in the regulations) with a minimum investment of USD 3.5 million, plus the creation of no less than three permanent jobs.
Alternatively, a joint contribution of USD 6 million (with each applicant contributing a minimum of USD 1 million), plus the creation of no fewer than six permanent jobs.
For the above two options, there are government administration fees that will also apply:
3. A non-refundable contribution to the NEF of USD 100,000 (for a single applicant). An applicant may contribute one of the four following categories:
- Main applicant — USD 100,000
- Main applicant and spouse — USD 140,000
- Main applicant, spouse, and up to two other qualifying dependents — USD 150,000
- Each additional qualifying dependent applies with the main applicant, spouse, and two other qualifying dependents — USD 15,000
- Each additional qualifying dependent — USD 25,000
4. Investment in non-interest-bearing government bonds, which must be held for five years:
Already approved citizens may add dependents within five years of their application being approved. A donation of USD 35,000 applies to spouses, while a donation of USD 25,000 applies to each additional qualifying dependent of any age. In addition, there is a USD 5,000 due diligence fee for each qualifying dependent aged 16 and older.
The government processing fee is USD 1,000 for each qualifying dependent.
All qualifying dependents must have a clean personal background with no criminal record and not be under any criminal investigation (other than in respect of a minor offense).
A person that is deemed a potential security risk or who is or has been involved in any activity that is likely to bring disrepute to St. Lucia shall not be approved for citizenship.
Procedures and time frame of the St. Lucia Citizenship by Investment Program:
The application process should take no longer than four to six months from submission of the application to issuance of the certificate of citizenship, assuming there are no areas of concern with the application. Where, in exceptional cases, it is expected that the processing time will be longer than three months,
The Citizenship by Investment Board, which provides oversight to dedicated citizenship by investment unit (CIU), will consider an application for citizenship and its outcome may be to either grant, deny, or delay the cause.
All requisite supporting documents must be attached to an application before they can be processed by the CIU. All applications must be accompanied by the relevant non-refundable processing and due diligence fees for the principal applicant, their spouse, and each qualifying dependent.
The main applicant must remit the required funds for the qualifying option within 90 calendar days after notice of approval of their application. A successful applicant shall sign the oath or affirmation of allegiance before an attorney-at-law, notary royal, or notary public. The minister may, by order, revoke a grant of citizenship in exceptional circumstances as may be deemed necessary.