February 12, 2024
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Investments
Saint Lucia Citizenship Investment Program offers the investor four choices for investment in exchange for citizenship, as follows;
National Economic Fund
Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash, for funding approved government sponsored projects. Â
Annually, the Minister of Finance is mandated to gain approval from Parliament for the allocation of funds for specified purposes. Once these purposes have been specified and approved, the non-refundable qualifying investments made through the Citizenship Investment Program will be utilised for these purposes.
Investors
Real Estate Projects
Real Estate projects will be considered and added to the approved list by the Cabinet of Ministers. The approved real estate projects will fall into two broad categories, namely:
- High-end branded hotels and resorts â defined as hotels and resorts which feature sophisticated, upmarket amenities and luxury accommodations and offer 4 or 5 star service as established by the international hospitality criteria.
- High-end boutique properties should meet the following criteria;
– Small and intimate with 20 â 70 rooms
– Characterized by hands-on, personal service with a high staff to guest ratio
– Located in a unique setting and
– Upscale with sophisticated accommodation standards - Any other project that the Minister, on the recommendation of the Unit and after consultation with Cabinet, considers necessary.
Once the real estate project is approved it becomes eligible for the qualifying investments from applicants of the Citizenship Investment Program.
Investors
Administrative Fees
Enterprise Projects
Approved enterprise projects fall into seven (7) broad categories:
- Specialty Restaurants â requires a distinguishing feature and a distinct menu offering a particular type of cuisine
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports, bridges, roads and highways
- Research institutions and facilities
- Offshore universities
Investors
Option 3 - Infrastructure
Administration Fees
National Action Bonds
Investment can also be made via the purchase of non-interest-bearing government bonds. These bonds must be registered and remain in the name of the applicant for a specified period from the date of first issue and they do not attract interest.
Investments
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