CITIZENSHIP BY INVESTMENT PROGRAMME
St. Lucia National Economic Fund Contribution
St. Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects.
The Minister for Finance is required each financial year to gain approval from Parliament for allocation of funds for specified purposes. Once an application for citizenship by means of an investment in the St. Lucia National Economic Fund has been approved, the following minimum investment is required:
- 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 for Each additional qualifying dependent, of any age
A minimum US$ 300,000 is set for an approved Real Estate Project and should be held for a period of 5 years and cannot be disposed before the project is substantially completed.Approved list for the Citizenship by Investment Programme 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. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in St. Lucia.
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
Government Bond Investment
Applicants and family may invest in Government Bonds, which need to be held for a period of 5years. The amount of the bonds will fluctuate according to the family size.
- US$ 500,000: Single applicant
- US$ 535,000: Main applicant and spouse
- US$ 550,000: Family with up to 3 dependents (spouse + 2 children)
- US$ 25,000: Per additional dependent
Enterprise Project Investment
Applicant may directly purchase an eligible business with a minimum of US$ 3.5 million as anIndividual whilst creating no less than 3 permanent jobs or jointly (up to 6 members) purchaseat US$ 6 million whilst each person contributing US$ 1 Million in addition to creating no lessthan 6 permanent jobs would qualify under this programme. Government fees is applicable.The approved projects need to fall among these categories: specialty restaurants, cruise ports andmarinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways,research institutions and facilities, or offshore universities.
The fees have been prescribed under the Citizenship by Investment Regulations of 2015.
In addition to the funding of the selected investment option, additional fees are payable by each family member. These comprise of the following:
The fees applicable are stated in the table below. 10% of the government fee is payable (and non-refundable) upon submission of your application with the balance due following receipt of an approval letter sent to the authorised agent who submitted the application. A government fee is charged for each family member.
Due Diligence Fee
All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship of St Lucia. The due diligence fee is charged for each family member and the due diligence fee is payable upon submission of the application by the appointed agent and is non-refundable.
Each family member is required to pay the sum outlined for issuance of their passport.
|Type of fee||Principal applicant||Each qualifying dependant|
|Non-refundable processing fees||US$ 2,000||US$ 1,000|
|Non-refundable administration fees
(applicable for government bonds and approved real estate
or enterprise project investment)
Per bond application
|Approved real estate or enterprise project investment||US$ 50,000||US$ 35,000(18 years of age and over)
and US$ 25,000(Under 18 years of age)
|Due Diligence||US$ 7,500||US$ 5,000 Each qualifying dependant
(Over 16 years of age)