From May 2020, investors will buy special interest-free bonds - Covid-19 Relief Bonds. Buying these bonds costs half the price: the minimum transaction amount is $250,000 instead of $500,000.
The special offer to buy government bonds has been extended until 31 December 2022. It originally expired at the end of 2021.
The government will amend the conditions of the programme shortly. Once they come into force, the department will continue to accept applications at a reduced price.
Option investment and bond holding period
Buying government bonds is a refunding option by investments under the Saint Lucian citizenship programme. The investor has the right to redeem the bonds after 5 or 7 years. The holding period of the securities depends on the minimum investment and the number of family members.
Costs and holding period of Covid-19 Relief Bonds
|Applicants||Investments||Duration of ownership|
|Investor with spouse||$250,000||6 years|
|A family of up to four people||$250,000||7 years|
|A family of four or more||$250,000|
+ $15,000 for each additional applicant
It is not yet known whether the government of Saint Lucia has retained the discount on the administrative fee. In 2021, an investor who bought bonds would pay a fee of $25,000 instead of $50,000. If the minimum investment under the option started at $300,000, the administration fee was $30,000.
How else to get a St Lucian passport by investment
Since 2015, Saint Lucia has had a government citizenship programme. To obtain a second passport in Saint Lucia, investors make a non-refundable contribution, buy real estate or government bonds, and invest in local businesses.
The minimum investment is $100,000. It takes 3-4 months to obtain a passport.
Investment options under the St Lucian citizenship programme
|Contribution to the National Economic Fund||From $100,000|
|Buying government bonds||From $250,000|
|Buying property||From $300,000|
|Investing in business||From $1,000,000|
Investment in real estate, like the purchase of bonds, is a repayable option. The investment can be repaid 5 years after the passport is issued.
Investors obtain citizenship of Saint Lucia so they can travel around the world without visas, keep their savings in European and Caribbean banks, and optimize taxation.
The St Lucia passport is a sought-after travel document for cosmopolitans. It allows visa-free travel to 146 countries, including Schengen states, Great Britain, Singapore and Hong Kong. And the tourist visa to the USA is issued to citizens of Saint Lucia for 10 years at once. By comparison, Russians get it for a maximum of three years.
The benefits of the passport, speed of processing applications and favourable conditions for investors made the programme one of the best in the region in 2021.
We like travelling around the world. But visas are a constant hassle. So we thought we’d solve the problem once and for all: get a second passport. We are professional brokers. And we are very familiar with the conditions of buying and selling securities. So for us buying Saint Lucian government bonds is the easiest and most profitable option. In addition, the government of Saint Lucia offered a 50% discount on the purchase of government bonds. They are interest-free, but the entire investment can be paid back in 5-7 years.
founders of a portfolio investment fund
Immigrant Invest is a licensed agent of the St Lucian citizenship programme. If you wish to obtain a passport for this country, seek advice from experts in investment programmes.