In May 2020, the government of Saint Lucia issued new interest-free bonds, Covid-19 Relief Bonds. The investment from the purchase of the government bonds goes towards rebuilding the countrys economy after the crisis amid the coronavirus pandemic.
Investors can buy such bonds starting at $250,000 instead of $500,000 as before.
Who can obtain a St Lucia passport with an investor
An investor may include his or her family members in the citizenship application:
- his or her spouse;
- children under 30 years of age;
- parents over the age of 55 years;
- siblings under 18 years of age.
All applicants, except the spouse, must be financially dependent on the investor or the investors spouse. It is also possible to attach relatives to the citizenship program after the investor has obtained a passport.
Option costs and bond holding period
Government bonds are a repayable investment. The investor holds the securities for 5 or 7 years, after which he or she has the right to redeem them. If you add your family to the application for citizenship, the amount of the minimum investment will not change. But the number of applicants depends on how long the bonds are held.
Amount of investment and tenure of government bonds
|Applicants||Investments||Duration of ownership|
|Investor and spouse||$250,000||6 years|
|A family of up to four people||$250,000||7 years|
|A family from four people||
+ $15,000 for each additional applicant
The government of St Lucia has reduced the administrative fee on the bond option: an investor pays $25,000 instead of $50,000. If an investor buys securities worth from $300,000, the administrative fee will be $30,000. The application processing fee of $2,000 for the principal applicant and $1,000 for each family member was also waived. But these fees remained on other program options.
Costs for a family of four under the bond option
|Costs||Amount until 31 December 2021||Amount from 1 January 2022|
|Bond purchase||250 000 $||500 000 $|
|Administrative fee||25 000 $||50 000 $|
|Due Diligence||22 500 $||22 500 $|
|Application processing fee||0 $||5000 $|
|Other fees and charges||1350 $||1350 $|
|Итого||298 850 $||578 850 $|
What else you can invest in to get a St Lucia passport
The Saint Lucia citizenship program offers participants three other investment options in addition to buying bonds: a non-refundable contribution to a government fund, buying real estate, and investing in a business.
The amount of the non-refundable contribution to the National Economic Fund starts from $100,000 for a single investor and depends on the number of applicants.
Participation in the program together with the family will cost:
- From $140,000 for an investor and spouse.
- From $150,000 for a family of four.
invested by programme participants to obtain a passport to Saint Lucia
Buying a property will cost from $300,000. The investor buys the entire property or shares in the construction of hotels, villas, or urban infrastructure. All projects under the program are approved by the Government of Saint Lucia. Property must be owned for a minimum of 5 years.
Investment in the business is accepted if the project is approved by the Government of the country. Under the terms of the program, an investor invests from 3.5 million dollars. St. Lucia allows collective investment in businesses of 6 million dollars or more, then the share of each investor will be 1 million dollars.
The St. Lucia passport is a sought-after travel document that allows visa-free travel to 146 countries, including the Schengen states, the UK, Singapore, and Hong Kong. Citizens of Saint Lucia can also obtain a 10-year tourist visa for the US under a simplified procedure.