St. Lucia Introduces New Changes in their Program
As of January 1st 2023, the new rules announced by St. Lucia have come into effect and are as follows:
1) Updated fees
Investors who have held St Lucian citizenship for 12 months or less and who wish to add newborn dependents through the CIP’s National Transformation Fund will have to pay $5,000 USD instead of the previous payment of $500 USD.
2) Reduced minimum investment for real estate
The most exciting news for St. Lucia applicants is that they can now invest a minimum of $200,000 USD instead of the previous investment amount of $300,000 USD. This price reduction now puts St. Lucia on the same level as other regional CIPs when it comes to citizenship through real estate investment.
3) New bond option
St. Lucia’s CIP is the only one in the region to offer government bond investments as a route to qualification. Non-interest-bearing government bonds must be held for a minimum of five years and the investment has increased from $250,000 USD to $300,000 USD. This option is also subjected to a flat administrative fee of $50,000 USD, regardless of the number of dependents included in the application.
Visit our St. Lucia Citizenship Program page if you’d like to learn more about the citizenship program. Or you can book a 30-minute Zoom video consultation with Citizens International directly into our consultant diary.