Starting July 1, 2024, St. Lucia has raised the minimum investment amounts required for its Citizenship by Investment Program (CIP). These changes align with the Memorandum of Agreement (MoA) signed by the Organisation of Eastern Caribbean States (OECS) member states that operate CIPs. 

Here are the new thresholds:

1. National Economic Fund Option:
   
   $240,000 for an applicant applying with up to three qualifying dependents.
   $10,000 for each additional qualifying dependent under 18 years.
   $20,000 for each additional qualifying dependent above 18 years.
   $5,000 for a newborn child of a citizen who is 12 months or younger.
   $35,000 for a spouse of a citizen.
   $25,000 for qualifying dependents of a citizen other than a spouse.
   
2. Real Estate Option:
   
   $300,000 plus applicable administration fees for an applicant and any number of qualifying dependents.
   
3. Enterprise Projects Option:
   
   $250,000 plus applicable administration fees for an applicant applying with up to three qualifying dependents.

These adjustments reflect the commitment to harmonizing investment thresholds across the region to enhance the competitiveness and integrity of their CIP offerings.

There is a grace period for existing applications that were due to be submitted in July. Applicants who fall under this grace period will have until the 31^st of July 2024 to submit their applications. All other applications that have not been registered with the CIP Unit by now will fall under the new fee arrangement as above. 

According to the memo released by the Citizenship By Investment Unit of Saint Lucia, Mc Clause Emmanuel the Chief Executive Office explained:

For Agents already in engaged in discussions with potential applicants and whose fees have been received, the Unit will accept the submission of those via formal request no later than midnight June 30^th 2024.

The results are in! Of the thirteen ranked citizenship by investment programs, Saint Lucia has come out on top in the Caribbean, according to the Henley & Partners ‘World’s Most Attractive Investment Migration Programs’ in 2024. (link: https://www.henleyglobal.com/newsroom/press-releases/investment-migration-programs-report-2024)

The Saint Lucian program came out as number one in the Caribbean and number three in the world according to the index published on 27^th February 2024. Saint Lucia was commended and praised for many benefits of investment such as its world-renowned reputation, quality of life, ease of travel, application processing time, compliance, range of investment options, relocation flexibility, and transparency. This high ranking in the index demonstrates the versatility of the Saint Lucian program and the strong benefits afforded to investors. 

There will be several reasons why someone would be looking for second citizenship and Saint Lucia offers firm, reliable solutions to any investor. If someone is looking for ease of doing business all over the world, Saint Lucian citizenship offers visa-free travel to over 140 countries worldwide. There is no requirement to live in St. Lucia to qualify for citizenship so you can easily and quickly obtain citizenship from the comfort of your own home. There is no need to disrupt a busy schedule to travel to the island to qualify and in as little as 3 months, we can have your new Saint Lucian passport at your front door. We work with the needs and nuances of all our clients to understand their priorities and achieve their goals as quickly and seamlessly as possible. 

Get in touch with us today to find out more about the qualifying investment options and how Foster Citizenship Corporation can help you on your way to achieving the benefits of Saint Lucian citizenship. 

Aside from the obvious advantages of holding citizenship of St. Lucia such as visa-free entry to over 140 countries, speedy application processing, and numerous tax advantages, St. Lucia continues to win a number of globally recognised accolades in recognition of its natural beauty and top-level hospitality service.

In 2023, St. Lucia was named the ‘Caribbean’s Leading Honeymoon Destination’, as well as being awarded the title of ‘Caribbean’s Leading Adventure Tourism Destination’. The island has also been recognised as the ‘Caribbean’s Leading Nature Destination’ for its dedicated efforts to preserve its natural wonders. 

St. Lucia is known for its lush rainforests, stunning beaches, and vibrant culture and traditions.  Additionally, it is a safe and stable country with low levels of crime and a solid track record of crime prevention.

St. Lucia is one of the few countries offering a fast and straightforward Citizenship By Investment program to its applicants. The application processing times are currently 3 months from the date of submission. 

The program is specifically designed for investors who are looking to diversify their investment portfolio and as a result, obtain a second citizenship. The St. Lucia Citizenship By Investment program allows investors to invest in St. Lucian government-approved bonds, real estate, or donations to the National Economic Fund, in exchange for citizenship in the country. Furthermore, St. Lucia does not restrict the number of citizenships an individual can hold.

Obtaining St. Lucian citizenship means ease of travel to over 146 countries visa-free including the United Kingdom, the Schengen Area, and Hong Kong. Whether conducting business or simply travelling the world, St. Lucian citizenship makes life just that little bit easier.

What investment options are there?

Go to Investments

1. National Economic Fund.
2. National Action Bond.
3. Real Estate Project.
4. Enterprise Project.

From as little as USD $100,000, you could have all the benefits of St. Lucian citizenship. Give us a call today at +1 758 452 3145 or email us at contact@citizenshipsaintlucia.com.

As a registered agent, Foster Citizenship Corporation has been helping individuals and families obtain St. Lucian citizenship for many years. Let us help you do the same!