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11 October, 2021

How to obtain St Lucian citizenship at a 50% discount

St Lucia is the only one of the five Caribbean countries to offer investors the opportunity to buy government bonds in order to obtain a second citizenship. Until 31 December 2021, investors can take advantage of the special offer on the option and save $250,000.

Citizenship of Saint Lucia by investment: discount on bond purchase valid until 31 December 2021
Photo: Adobe Stock
Злата Эрлах - Руководитель венского офиса

told how to get St Lucian citizenship at a 50% discount

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.

The discount on the purchase of government bonds under the Citizenship of Saint Lucia program is valid until 31 December 2021. The special offer was originally set to expire at the end of 2020, but the government has extended the discount for another year.

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 $250,000 5 years
Investor and spouse $250,000 6 years
A family of up to four people $250,000 7 years
$300,000 5 years
A family from four people $250,000

+ $15,000 for each additional applicant
7 years

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:

  1. From $140,000 for an investor and spouse.
  2. From $150,000 for a family of four.
From $100,000

invested by programme participants to obtain a passport to Saint Lucia

If a family of five or more people participates in the program, the investor pays $15,000 for each additional dependent.

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.
Visa to the USA for 10 years with citizenship of Saint Lucia
Rocky Mountain National Park in the USA. Citizens of St Lucian can stay in the US for up to 6 months within a year on a tourist visa
Immigrant Invest is a licensed agent of the St Lucian citizenship program. If you wish to obtain a passport for this country, seek advice from experts in investment programs.
How to obtain St Lucian citizenship at a 50% discount

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