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St Lucian Citizenship by Investment Now Starts at USD100,000
January 6, 2017 - News
Saint Lucia’s PM Allen Chastanet has issued a new amendment to its Citizenship by Investment Regulations that has made the process of acquiring Citizenship by Investment more affordable and efficient as of January 1, 2017.
The amendments include:
- Abolishing of the need to declare financial resources of a minimum net worth of USD3 million.
- The applicant no longer needs to swear an oath of allegiance at the Saint Lucian Embassy but can now supply a sworn declaration before an Attorney-at-Law, Notary Royal, Notary Public, Consular Officer or Honorary Consul of Saint Lucia.
- The restriction of 500 applicants annually has been removed.
Apart from the procedural modifications, the Honorary Prime Minister of St Lucia has also declared a reduction in the prevalent payment structure for the National Economic Fund Contribution, which are summarized below:
- Single Applicant: USD100,000
- Applicant and spouse: USD165,000
- Applicant, spouse and up to 2 dependents: USD190,000
- Additional dependents: USD25,000
The changes makes the St Lucia program one of the most competitively priced programs for family applications.
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