When applying for citizenship by investment, you need to know your investment value. St Lucia is constantly updating its policies. In addition, the country periodically updates its program costs and investment options.
Due to this, communication about citizenship by investment updates between the government and its authorized agents is crucial. PassPro is devoted to relaying such emerging memos to help applicants make informed decisions for their future.
The Special Covid-19 Relief Bond has been extended
The Citizenship by Investment Unit sent out a memorandum to PassPro on the 20th of December 2021. St Lucia announces an extension for “The Special Covid-19 Relief Bond”. This investment option was established and launched on May 12th 2020 for a limited time. It was originally set to expire on the 31st of December 2020.
However, the Cabinet of Ministers of St Lucia has approved an extension of the offer beyond 2021, for an additional year. The investment option is now valid until December 31st, 2022. Consequently, the CIP Unit will continue receiving applications for the special covid-19 relief bond. You’ll have access to this investment option for another year.
The National Economic Fund – New investment costs on the horizon
St Lucia has set forth new costs for its National Economic Fund investment option. Before this update, a single applicant’s investment cost amounted to 135,130 USD through this fund. A family of 4 would be covered by a 200,020 USD investment. However, in 2022, the investment costs decreased significantly.
A single applicant can invest 100,000 USD for their application. A family of 4 will only have to secure 150,000 USD for theirs. In addition, you’ll have the option to apply as a couple for 140,000 USD. You can also add dependents. Siblings ages 17 and below can be included in your application for 25,000 USD.
Other investment options – There’s more
If the previous investment options do not fit your needs, St Lucia also offers 2 additional avenues of investment.
Real estate – a solid investment
Among other investment options, St Lucia offers citizenship by investment through real estate. It is one of the most popular options, given its perks. Having a place you can call home is crucial. That remains true whether you’re planning on moving, or simply visiting occasionally.
In addition, investing in real estate is a great way to diversify your assets and protect your net worth against inflation. In contrast, even if you’re not planning to move to the country, owning real estate can be financially sound. It offers a steady return on investment, as it can generate passive income for you.
Authorized business project – a venture for entrepreneurs
For the avid business oriented applicant, an authorized business project investment might be enticing. It’s an excellent way to get your second citizenship, and potentially make a profit off your investment. St Lucia offers a roster of businesses approved for the citizenship by investment program. You’ll choose the business that suits you best. You can also invest as a single applicant, or as part of a joint venture.
PassPro offers its support
St Lucia keeps its authorized agents updated on all modifications to its citizenship by investment program. At PassPro, we’re committed to helping our applicants find the best investment programs following their goals, needs, and application criteria.
For more information, do not hesitate to contact us. Book an appointment for a consultation with one of our authorized agents and find out which program would be best for you.
