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St Lucia Citizenship By Investment

St Lucia is an island nation so beautiful, that it has earned the accolade of ‘Helen of the West Indies.’ It rises above the Caribbean Sea, with white sandy beaches, emerald-green rainforests, and effervescent springs. But the island is more than just natural beauty – it is highly stable, being a member of the Commonwealth of Nations, the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), and the International Organisation of La Francophonie.

The St Lucia Citizenship by Investment Programme is the Caribbean’s newest citizenship programme, coming into force on 1 January 2016. The Programme allows applicants, their spouse, their children, and their parents to apply for citizenship and is capped at 500 applications every year.

How to apply for Citizenship in St Lucia

Under the St Lucia Citizenship by Investment Programme, applicants must show that they are at least 18 years of age, of good character with no criminal record, and in good health. They must also pass strict due diligence checks and provide a banker’s reference. Then, the applicant must make invest in the nation’s National Economic Fund (NEF), pre-approved real estate, a pre-approved enterprise project or non-interest bearing Government bonds. Applicants may apply with their spouse and dependent children, and, in some cases, dependent elderly parents.

The process of applying for citizenship is rigorous and requires diligent preparation in order to gather all the information needed. Application timelines can vary and be difficult to predict, although they usually depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole. We generally advise clients that it will take between 3 to 6 months to obtain citizenship after the client is onboarded with CS Global Partners.

The process may be simplified into the following steps:

Step 1: Application preparation and pre-approval by CS Global Partners.

Step 2: Submission of citizenship application.

Step 3: Government processing of the application and due diligence checks, taking up to 3 months for completion.

Step 4: Approval in principle.

Step 5: Investment in real estate or donation to the National Economic Fund.

Step 6: Citizenship certificate issued.

Step 7: Passport application and issuance.

*All required funds are deposited in a designated escrow account until the application is processed. Upon approval, funds are released to the Government of St Lucia.

Investment Options

There are four types of investment that qualify an individual for citizenship under the St Lucia Citizenship by Investment Programme: a donation to the National Economic Fund (NEF), the purchase of pre-approved real estate, an investment in a pre-approved enterprise project or an investment in non-interest bearing Government bonds.

1. The National Economic Fund

Funds contributed to the NEF by applicants for citizenship are diverted to Government-sponsored projects aimed at strengthening St Lucia’s economy. Parliament must approve the allocation of the funds on a yearly basis.

Additional Dependants
Required Contribution100,000 USD165,000 USD190,000 USD25,000 USD per additional dependant
Processing Fees2,000 USD2,000 USD, plus
1,000 USD
2,000 USD, plus
1,000 USD per additional dependant
1,000 USD per additional dependant
Due Diligence Fees7,500 USD7,500 USD, plus
5,000 USD
7,500 USD plus
5,000 USD per additional dependant over 16 years of age
5,000 USD per additional dependant over 16 years of age

2. Real Estate

Under this route, investors must purchase real estate that has been pre-approved by the St Lucian Government. The real estate must be held for at least 5 years following the grant of citizenship.

Additional Dependants
Minimum Required Investment300,000 USD300,000 USD300,000 USDN/A
Processing Fees2,000 USD2,000 USD, plus
1,000 USD
2,000 USD, plus
1,000 USD per additional dependant
1,000 USD per additional dependant
Due Diligence Fees7,500 USD7,500 USD, plus
5,000 USD
7,500 USD, plus
5,000 USD per additional dependant over 16 years of age
5,000 USD per additional dependant over 16 years of age
Government Administration Fees50,000 USD50,000 USD, plus
35,000 USD
50,000 USD, plus
35,000 USD per additional dependant
aged 18 and over, plus
25,000 USD per additional dependant
under 18 years of age
35,000 USD per additional dependant
aged 18 and over, plus
25,000 USD per additional dependant
under 18 years of age

3. Pre-Approved Enterprise Project

Investments in pre-approved enterprise projects must create no less than 3 permanent jobs. Joint investments are allowed, although each applicant must contribute at least $1 million and the entire project must be valued at $6 million and create at least 6 permanent jobs.


Single Applicant

More than 1 Applicant in a Joint Investment
Minimum Required Investment3,500,000 USD, plus
no less than 3 permanent jobs
6,000,000 USD, plus
no less than 6 permanent jobs
(Each applicant to contribute a minimum of 1,000,000 USD)
Processing Fees2,000 USD2,000 USD, plus
1,000 USD per additional dependant
Due Diligence Fees7,500 USD7,500 USD, plus
5,000 USD per additional dependant over 16 years of age
Government Administration Fees50,000 USD50,000 USD, plus
35,000 USD per additional dependant over 18 years of age, plus
$25,000 per additional dependant under 18 years of age

4. An investment in non-interest bearing Government bonds

Investments in Government bonds must be held in the applicant’s name for at least 5 years following the grant of citizenship. The bonds must not attract a rate of interest for the entirety of this period.

Benefits

Citizens of St Lucia can take advantage of a range of benefits, including:

  • Citizenship for life, including the right to work, reside and study in St Lucia

  • Visa-free travel to 121 countries and territories, including the Schengen Area

  • Dual citizenship, which is allowed under St Lucian law

  • Life in a stable nation belonging to the Commonwealth of Nations, the Caribbean Community (CARICOM), and the International Organisation of La Francophonie

The benefits of the St Lucia Citizenship by Investment Programme include:

  • The ability to include family members in the application

  • The option to invest in the Saint Lucia National Economic Fund, in real estate, in an enterprise project, or in Government bonds

  • No interview or language requirement

  • No residency or travel requirements, except that the Oath of Allegiance must be taken in Saint Lucia or before any Saint Lucian Embassy, High Commission, or Consulate

How we can help

CS Global Partners has been officially authorised by the Government of St Lucia to promote its Citizenship by Investment Programme across the globe.

We understand that applying for an alternative citizenship can be a complex and daunting process. This is why we make the application process as easy for our clients as possible.

We offer the following standard services:

  • A dedicated relationship manager as your single point of contact throughout your application.
  • Professional guidance on the application procedure and support throughout the process.
  • Documentation preparation and validation.
  • Representation on your behalf before the Government.
  • Management and resolution of any legal queries related to the application.

Additional services available on request for clients wishing to utilise our partner network to support their application, including the following:

  • Concierge services
  • Property investment and advice
  • Notary Public services
  • Relocation assistance
  • Translation services
  • Tax planning
  • Medical services
  • Trust planning
  • Banking services
  • Fiduciary services

The Law

The St Lucia Citizenship by Investment Programme was established following the enactment of the Citizenship by Investment Act 2015 (Act No. 14 2015). The Act also created a Citizenship by Investment Unit, which is responsible for processing all citizenship applications. The Programme is further shaped by the St Lucia Citizenship by Investment Regulations, 2015.

Why choose St Lucia?

Dominated by mountainous peaks and verdant rainforest, St Lucia is one of the most spectacular islands of the West Indies. It’s dramatic scenery twinned with secluded beaches also make it one of the most exclusive destinations in the world. Beyond its image as a playground of the rich and famous, St Lucia is a food lover’s paradise with huge cocoa plantations and authentic Creole cuisine.

St Lucia is a parliamentary democracy with Queen Elizabeth II as its head of state, and its legal system has roots both in the English common law and in civil law. The nation’s official language is English, although Creole French is also widely spoken. The economy of St Lucia is driven by tourism and offshore banking.

Geography

St Lucia is part of the Windward Islands located in the eastern Caribbean Sea. As with most islands in the region, St Lucia has a volcanic landscape characterised by high peaks and hills. The 238-square-mile island is known for the twin peaks of Gros Piton and Petit Piton that were given World Heritage Status in 2004, and is also one of the few countries to boast a drive-in volcano.

St Lucia enjoys a tropical climate with warm temperatures year round, moderated by northeast trade winds. The dry season is usually from December to June, while the rainy season is between June to November.

Getting to St Lucia

St Lucia has two airports, one in the north of the island and one in the south. Hewanorra International Airport is the larger of the two and is located near Vieux Fort Quarter in the southeast of the island. The airport currently handles 500,000 passengers a year and welcomes direct flights from the United Kingdom, Canada, Germany, Honduras and the United States. To accommodate St Lucia’s burgeoning tourism industry, officials have proposed a new terminal building at Hewanorra that would be twice as large as the current facility.

George F. L. Charles Airport is located in the north of the country, close to the capital city Castries. Direct flights are largely from nearby Caribbean destinations, such as Antigua, Dominican Republic, Suriname and Trinidad.

Economy

All sectors within the St Lucian economy have benefited from recent infrastructure improvements in roads, communications, ports, sewerage and water supply. St Lucia also enjoys a stable political environment and an educated workforce, which continues to attract foreign investment in various sectors.

Tourism accounts for approximately 65% of St Lucia’s GDP and is firmly established as the highest foreign exchange earner. The large majority of tourists visit the island via cruise liners, although an increasing number of visitors are choosing to holiday exclusively in St Lucia.

Agriculture is St Lucia’s second largest industry. For many years, banana revenues funded the country’s development. Due to European Union trade preferences and competition from Latin American banana producers, the Government is encouraging farmers to plant other crops such as cocoa, mangoes, avocados and plantains in an effort to diversify agricultural production.