Saint Lucia Citizenship by Investment Program

Saint Lucia Citizenship by Investment Program

Launched in 2016, the St Lucia Citizenship by Investment Program is amongst the most family-friendly legal second citizenship programs in the Caribbean. A Saint Lucia passport holder can travel visa-free to as many as 146 countries including, key international business hubs such as Singapore, Germany, and the United Kingdom. The Citizenship by Investment program on offer allows a single investor to acquire St Lucia citizenship in return for a donation of USD 100,000. As a licensed government authorized second citizenship agent, we here at PassPro Immigration Services seek to help investors acquire St Lucia citizenship and passport from Dubai without any hassles. We have the global overview and expertise to direct citizenship aspirants to second citizenship programs that are suited to their requirements.

Country Profile

Visa free countries

146

Population

183,600

Currency

East Caribbean dollars (XCD), tied to USD

Time Zone

UTC-4

Saint Lucia is a beautiful tropical country located in the Eastern Caribbean Sea. The country is a favorite among tourists for destination weddings and laid-back vacations. St Lucia is pretty much unrivaled in the region when it comes to the quality of life it offers. The country has an extremely low crime rate, prime real estate developments, and plenty of world-class services and infrastructure. Saint Lucia was a former British colony and only gained independence in 1979. Currently, as a sovereign country, Saint Lucia is a member of several prominent international organizations such as the OAS, UN, and CARICOM, among others. English is the official language in the country, and the legal system is based on the English Common Law. The second citizenship program offered by Saint Lucia invites applications from all nationals without any restrictions.

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Legal Basis

As mentioned, the St Lucia Citizenship by Investment Program is handy for those investors who require a powerful secondary passport. The investment program currently on offer first became operational in 2016 and is regulated by the Citizenship by Investment Act No 14 passed in 2015, and subsequent amendments. The constitutional Act permits the Government of St Lucia to grant dual citizenship to any foreign national who can satisfy the necessary investment criterions.

Basic Requirements to Obtain a St Lucia Second Passport

To be able to apply for St Lucia’s citizenship by investment program, an investor must fulfill some specific requirements, as listed below:

  • The primary applicant must be at least 18 years old.
  • He/She must have a clean criminal record.
  • Should be of good health.
  • Must be able to prove his/her investment from legitimate sources.
  • Should clear due diligence checks and gain approval.

Dependents who can be coupled with Saint Lucia’s second citizenship program includes:

  • Spouse of the principal applicant.
  • Children up to 30 years.
  • Parents of the principal applicant above 55 years of age.
  • Siblings of the principal applicant above 18 years of age.

Saint Lucia Citizenship Timeline

At PassPro Immigration Services, we offer High Net Worth Individuals in Dubai an opportunity to acquire Saint Lucia citizenship and a second passport in approximately 5-6 months. For details on the advisory fees and to receive a quote based on the age and number of dependents, reach out to us today!

Month 01

  • Prequalification checks of the applicant.
  • Preparation of all the necessary documents.
  • Payment of due diligence fees, applicable government fees, advisory fees, and reservation of property investment fees, if applicable.

Month 02-03

  • Submission of the citizenship application to the Citizenship by Investment Unit (CIU).
  • The government vets the application and conducts a due diligence background check on the candidate through an external service provider.
  • Saint Lucia citizenship application is approved.

Month 04-05

  • The government donation or real estate investment is executed.
  • St Lucia Citizenship certificate and Saint Lucia passport are issued.

Month 06

  • All remaining fees must be made upon the delivery of the passport.

St Lucia Investment Criterion

 

Contribution to National Economic Fund*

Single Applicant

$135 130

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$200 020

Real Estate Investment*

Single Applicant

$415 130

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$515 020

SL Bond Option

Single Applicant

$313 130

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$325 020

 

As of now, a citizenship aspirant can pursue four different investment routes to acquire second citizenship and passport from St Lucia.

National Economic Fund

The National Economic Fund (NEF) has been set up for the sole purpose of receiving investment from its citizenship program. A single applicant is required to make a non-refundable donation of USD 100,000 to the NEF; for a family of up to 4 members, the minimum investment required is USD 200,000.

Real Estate Investment

The real estate investment is one of the most preferred routes to obtaining a second passport from the country and allows the investor to have his property within the country. The minimum investment amount of USD 300,000 must be made in government-authorized real estate property.

Government Bonds

St Lucia is the only Caribbean country that permits you to obtain a second passport by purchasing government bonds. The investor will not receive any interest against the bond, and he/she must hold the bond for a minimum of five years. The minimum investment required through this route is USD 500,000.

Note: Covid-19 has initiated the Government to give Investors a Limited Time Offer (LTO) Option for 6 months to invest in a Government Bond commencement at a minimum of USD 250,000. This LTO is valid until December 2020.

Authorized Business Project

An ideal route for those applicants who are looking to make a profit with their investment. The minimum investment required through this route is USD 3.5 million as a single applicant or USD 1 million as part of a joint venture.

*The investment and advisory fees are subject to change based on the number and age of the dependents. The St Lucia Citizenship Unit requires each citizenship application to be made through an authorized agent such as PassPro Immigration Services.

Benefits of a Secondary Saint Lucia Passport

To gain a second St Lucia passport through their investment program, the applicants are not required to reside or visit the country during the application process. Listed are some of the significant benefits of opting for the Saint Lucia citizenship by investment program:

  • The Saint Lucia Passport permits its holder to travel visa-free to more than 146 countries across the globe.
  • The country does not impose any global income tax from its non-resident citizens.
  • The country does permit dual citizenship, and investors can continue to live in their own country of residence.
  • The Saint Lucia citizenship and passport acquired through their investment program is valid for a lifetime and can be passed onto future generations.

Frequently Asked Questions

Do I need to submit a separate St Lucia Citizenship by Investment application for each family member?

No, this is not necessary. Spouses and dependent children up to 25 years can be included within the same application to obtain Saint Lucia citizenship by investment and a Saint Lucia passport. You can also add your dependent parents, who are 65 years and above.

What makes investing in a St Lucia second citizenship legal?

What makes the St Lucia citizenship by investment program legal, is the presence of a Constitutional Act that prescribes how an individual can acquire citizenship through investment and ensures the citizenship granted is for life – meaning no one can revoke your St Lucia citizenship or your St Lucia passport even if government changes in the future. The country’s Constitutional Act explains precisely how the applicant can invest in citizenship by investment. The St Lucia citizenship by investment program requires the investor to apply through an authorized agent and invest in government funds or approved real estate projects, business ventures, or government bonds. The applicant also has to undergo a due diligence check and prove that he has a clean source of funds.

How can I be sure of my real estate investment in Saint Lucia?

Investments can only be made in a Government Approved Real Estate Project. At PassPro Immigration Services, we regularly visit the island and vet projects first-hand so that we can give you sound and current advice on the best projects and reputable developers. We will help check the contracts on your behalf, pick the best units that can be rented or sold after the holding period, and negotiate the best package for your needs.

After I obtain my Saint Lucia passport, what resources will be available to me for the next steps?

Acquiring second citizenship is not a transaction; we believe it is a lifelong relationship. Our ‘My PassPro’ portal is your online portal for enjoying life as a citizen of a new country. Just sign in and receive access to a host of specialized services, including St Lucia immigration and visa updates, consular guidance, assistance opening bank accounts, and lots more.

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  • Single applicant starts from $100 000.
  • 138 Visa-free countries.
  • 4-5 months to complete.
  • Family qualifies under one investment.
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  • 130 Visa-free countries.
  • 4-5 months to complete.
  • No restrictions on nationality.
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