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Contribution to a state fund, real estate or bonds? What to invest in to get a St Lucia passport

To get St Lucia citizenship, investors can make a non-refundable contribution to a state fund, buy real estate or bonds, and invest in local businesses.

The options differ in the minimum investment amount and additional payments. There is a special offer to purchase government bonds until the end of 2022. Let's compare the investors' expenses.

Saint Lucia Citizenship by Investment: A Comparison of Investment Program Options

St Lucia offers investors to obtain citizenship under the government program. Four investment options are available:

  • $100,000+ as a contribution to a state fund;
  • $250,000+ as a purchase of bonds;
  • $300,000+ as a purchase of real estate;
  • $1,000,000+ as investments in a local business.

Investor's family members can obtain citizenship, too: a spouse, children under 30 years old, parents over 55 years old and siblings under 18 years old.

The term for obtaining St Lucia citizenship is about three months. Passports and naturalisation certificates are issued four weeks after the applicant invests. Immigrant Invest sends the documents to an address convenient for the investor.

Participation of relatives in the citizenship program is paid additionally. The total expenses depend on the number and age of family members. 

We calculate the cost of participation in the citizenship program individually for each family. The calculation includes the investment amount, additional fees, a payment schedule, and the cost of support services.

Evgeniya Morozova Expert Immigrant Invest
Evgeniya Morozova
Head of the Legal Department, a lawyer, Candidate of Juridical Sciences, Judicial Counselor of the 3rd Class

Non-refundable contribution

At least $100,000 one needs to contribute to a St Lucia state fund to get the country’s passport. The investment can not be returned.

A smaller investment is the main advantage of the option. Even though the investment can not be returned, the costs are two to three times lower than under other investment options.

If the investor participates in the program alone, their expenses will amount to $110,550+. If you add relatives to the citizenship application, the fund contribution and additional costs will increase depending on the number of participants and their age. Sometimes, the participation with a family may be more beneficial under options with purchasing bonds or real estate.

Minimum expenses on obtaining St Lucia citizenship

ExpensesAmount
Fund investment$100,000 for the investor
+ $40,000 for a spouse
+ $50,000 for a family of four
+ $15,000 per child under 21 for a family of more than four people
+ $25,000 per child aged 21 to 30, parents, and siblings
Due Diligence$7,500 for the investor
+ $5,000 per spouse and participants 16 years old and over
Application processing fee$2,000 for the investor
+ $1,000 per participant over 18
or $500 per participant under 18
Banking fee$200 for all participants
Fees for the issuance and forwarding of documents$500 as a passport fee per participant over 16
+ $250 as a fee for the forwarding of documents
+ $100 as a bank fee for all participants
Total$110,550+

Investors' money goes to the St Lucia National Economic Fund and pay off the public debt, finance tourism, and build urban and transport infrastructure. The country's parliament annually approves projects to which the fund will allocate money.

Purchase of government bonds

$250,000 is the minimum price of government bonds for investors. These special interest-free bonds, Covid-19 Relief Bonds, are issued to the CBI program participants. The standard option costs are twice as much.

The special offer to purchase the bonds is valid until December 31st, 2022. Then the amount of investment will grow again to $500,000.

The investment return is the main advantage of the option. The investor has the right to redeem the bonds in 5 or 7 years. The holding term depends on the minimum investment and the number of family members.

Costs and holding periods for the Covid-19 Relief Bonds

ApplicantsInvestments Holding period
Investor$250,000
Bonds price for a single investor
5 years
Bonds holding period for a single investor
Married couple$250,000
Bonds price for a married couple
6 years
Bonds holding period for a married couple
Family of up to four people$250,000
Bonds price for a family of four
7 years
Bonds holding period for a family of four investing $250,000
$300,000
Bonds price for a family of four
5 years
Bonds holding period for a family of four investing $300,000
Family of more than four people$250,000
Bonds price for a family of five or more people

+ $15,000 per additional applicant
7 years
Bonds holding period for a family of five or more people

The investors’ expenses amount to $290,550 if they participate in the citizenship program alone. If they add family members to the application, the investment amount and additional costs increase. Only the administration fee does not change; it is $30,000.

Minimum expenses on obtaining St Lucia citizenship

ExpensesAmount
Purchase of bonds$250,000+
Administration fee$30,000
Due Diligence$7,500 for the investor
+ $5,000 per spouse and participants 16 years old and over
Application processing fee$2,000 for the investor
+ $1,000 per participant over 18
or $500 per participant under 18
Banking fee$200 for all participants
Fees for the issuance and forwarding of documents$500 as a passport fee per participant over 16
+ $250 as a fee for the forwarding of documents
+ $100 as a bank fee for all participants
Total$290,550+

Investments in real estate

Buying real estate costs an investor more than the contribution to the state fund or buying bonds. If the investor participates in the program alone, their expenses will start at $340,450.

Minimum expenses on obtaining St Lucia citizenship

ExpensesAmount
Property purchase$300,000+
Government fee$30,000 for the investor
+ $15,000 for a spouse
+ $5,000 per child under 18
+ $10,000 per participant over 18
+ $10,000 per additional participant over 18 if there are more than four people in the family, excluding the investor and their spouse
Due Diligence$7,500 for the investor
+ $5,000 per spouse and participants 16 years old and over
Application processing fee$2,000 for the investor
+ $1,000 per participant over 18
or $500 per participant under 18
Banking fee$200 for all participants
Fees for the issuance and forwarding of documents$500 as a passport fee per participant over 16
+ $250 as a fee for the forwarding of documents
+ $100 as a bank fee for all participants
Total$340,450+

The investment return is the main advantage of buying real estate. An investor can sell a share or a property 5 years after obtaining citizenship. Another option advantage is an additional income from renting out real estate. When the construction of the chosen hotel is completed, the investor will be able to receive 2 to 5% per annum.

Investors can buy properties in full ownership or participate in the construction of hotels, villas, or urban infrastructure. A share may be in an object, securities, or a trust.

Example of a St Lucia investment property

Investors can buy properties in a hotel in Micoud. It is located on the first coastline of the island.

Citizenship of St Lucia for the purchase of real estate
Apartments overlooking the Atlantic Ocean in a hotel in St Lucia. The cost starts at $300,000. The annual yield is 3%

Business investments

Applicants rarely invest in St Lucian businesses, as the option cost is much higher than other options. For example, if compared with the costs with the contribution, the investor has to pay 10—30 times more. 

To obtain a passport, an applicant invests in a government-approved business project. If the investor finances the project alone, the minimum investment amount is $3,500,000. Collective investments in the amount of at least $6,000,000 are possible; each participant's share starts at $1,000,000.

The administration fee is $50,000. Additional payment for each family member is $25,000.

What to choose — the fund contribution, real estate purchase or bonds?

Let's compare the minimum cost of participation under the three popular options of the St Lucia citizenship program for a family of four. The calculation includes the main investment and additional expenses.

Expenses for a family of 4 with two children aged 12 and 17

ExpensesFund contributionPurchase of bondsReal estate purchase
Investments$150,000
Contribution amount
$250,000+
Bonds price
$300,000+
Real estate price
Government fee$0
Government fee isn’t charged when contributing to the state fund
$30,000
Government fee when purchasing bonds
$55,000
Government fee when purchasing real estate
Due Diligence$17,500
Due Diligence fee for the investor and two applicants over 16
$17,500
Due Diligence fee for the investor and two applicants over 16
$17,500
Due Diligence fee for the investor and two applicants over 16
Other fees$6,050+
Application processing, banking commission and fees for issuance of documents
$6,050+
Application processing, banking commission and fees for issuance of documents
$5,950+
Application processing, banking commission and fees for issuance of documents
Total$173,550+
Total expenses for a family of four when contributing
$303,550+
Total expenses for a family of four when purchasing bonds
$378,450+
Total expenses for a family of four when purchasing bonds

Investors pay twice as much for St Lucia passports for families of four if they choose the purchase of government bonds or real estate. However, thus they can return the money in 5—7 years, while the contribution is a non-refundable option.

Opportunities for new St Lucia citizens

Second passports for the whole family. St Lucia allows investors to participate in the CBI program with their families. The applicant has the right to add to the citizenship application:

  • a spouse;
  • children under 30;
  • parents over 55;
  • siblings under 18.

Visa-free travel to 145 countries, including the Schengen states: a St Lucia citizen can stay there for 90 days within six months. In addition, St Lucia citizens can stay for 180 days in a row in the UK. The list of visa‑free destinations also includes Hong Kong and Singapore.

Saint Lucia Citizenship: US Tourist Visa
St Lucia citizens are eligible for a 10‑year US tourist visa. They apply for a B‑1/B‑2 visa

Tax optimisation. St Lucia tax residents do not pay taxes on capital gains, dividends and inheritance. Legal entities do not pay tax on capital gains, dividends, and VAT in some cases.

Opportunity to educate children in UK universities. St Lucia is part of the British Commonwealth of Nations. Therefore, the country’s citizens can get education on preferential terms at the best British universities, for example, under scholarships from the Commonwealth Scholarship Commission or CSC. They can also apply for the Chevening Scholarships.

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Contribution to a state fund, real estate or bonds? What to invest in to get a St Lucia passport