St Lucia Releases 2020 CBI Amendment Regulations

On 12 May 2020 St Lucia published its Citizenship by Investment (Amendment) Regulations, 2020 (No. 74 of 2020), implementing changes to the country’s Citizenship by Investment Programme.

The changes are significant, and cover five key areas: (1) the government bonds option, (2) the National Economic Fund, (3) applicable Government (Administration) Fees for real estate projects, (4) Replacement Fees for Lost Certificates of Registration, and (5) the fees levied for the citizenship application of a child born to a person who is an economic citizen of St Lucia.


1. The Government Bonds Option

The 2020 Regulations effectively implement a Limited Time Offer for purchases of government options made between now and 31 December 2020. Under the Limited Time Offer the following investment amounts and corresponding minimum holding periods apply:

Application TypeAmountHolding Period*
Main applicantUS$250,0005 years
Main applicant with one qualifying dependantUS$250,0006 years
Main applicant applying with up to four qualifying dependantsUS$250,0007 years
Main applicant applying with up to four qualifying dependantsUS$300,0005 years
Each additional qualifying dependantUS$15,000 each

*Please note that “holding period” refers to the length of time the government bonds must be retained by the main applicant after they are issued.

The following Government (Administration) Fees and Processing Fees apply under the Limited Time Offer:

Fee TypeAmount
Government (Administration) FeesUS$30,000 (per application)
Processing FeesUS$0

What does this update mean for me?

The Limited Time Offer reduces the overall investment amounts required under the Programme’s government bonds option. If you are a single applicant, the investment amount has been reduced by 50% without an increase in the required holding period. For families, the holding period has been increased, although the investment amount is also significantly reduced.

2. National Economic Fund

The 2020 Regulations change many of the minimum contribution amounts required under the National Economic Fund, as follows:

Application TypeAmount
Main applicantUS$100,000
Main applicant with a spouseUS$140,000
Main applicant with a spouse and up to two other qualifying dependentsUS$150,000
Each additional qualifying dependant of a main applicant applying with a spouse and two other qualifying dependentsUS$15,000
Each additional qualifying dependantUS$25,000

What does this update mean for me?

The 2020 Regulations reduce the required contributions under the Programme’s National Economic Fund option for applicants applying with a spouse and applicants applying with a spouse and up to two other qualifying dependents. The Regulations also implement a reduced amount for each additional qualifying dependant of a main applicant applying with a spouse and two other qualifying dependents. This means your application could be cheaper if you are planning to apply with family members.

3. Government (Administration) Fees for Real Estate Projects

The 2020 Regulations waive some Government (Administration) Fees for real estate projects that involve an educational institution. The fees are waived for (1) the main applicant and (2) any qualifying dependant who also fulfils the following two conditions:

  • is under 18 (i.e. aged 0-17)
  • has been accepted by that educational institution

What does this update mean for me?

The 2020 Regulations reduce the price for investors who choose to invest in educational institutions. This could be attractive if you are planning to include children in your application who want to attend the educational institution you intend to invest in.

4. Replacement Fees for Lost Certificates of Registration

The 2020 Regulations introduce a Replacement Fee for Lost Certificates of Registration in the amount of US$100.

What does this update mean for me?

Certificates of Registration are granted to applicants after the application has been approved and the qualifying investment has been made. St Lucia now charges a fee for lost Certificates of Registration.

5. Citizenship Application for a Child Born to an Economic Citizen

St Lucia has announced a fee for registering new-born children of economic citizens. The fee applies to children who are 12 months of age or under, and amounts to US$500.

Registration of other family members of economic citizens is possible, with US$35,000 being levied for a spouse and US$25,000 being levied for each other dependant.

What does this update mean for me?

This update brings clarity as to what fees are due if an economic citizen wants to register his or her new-born child as a citizen of St Lucia.

How can I find out more?

If you want to learn more about the costs and fees that apply under the St Lucia Citizenship by Investment Programme, please contact CS Global Partners for more information.