Real estate has shown that it is Saint Lucia’s biggest earner and studies show that applications have gone up 10x with US applicants.
In 2016 the total applicant contributions were equal amounts from bonds and NEF contributions totalling up to 13.4M. Studies show that in 2020 and 2021 contributions skyrocketed creating a total of 122.7M contributions. Real Estate has proven itself to be an extremely successful contribution rather than bonds and NEF contributions.
“The 313 application approvals were accompanied by the issuance of 568 new citizenships, another record. The CIU has denied only 14 applications during the period. “– IMI Daily
Although NEF contributions used to be the most popular qualifying route, the real estate investment program has shown to be the top FDI earner, raising capital amounting to EC$66.3 million during the period. There are only two approved real estate projects in Saint Lucia now, and it is said that construction should start not that the pandemic is starting to ease up. Studies also show that Chinese nationals are the main applicant nationality, with Nigerians being the second-largest whilst US-based applications saw a major increase from 3 in 2019-20 to 30 last year. Leaving Russian and Indian applications rounded to the Top 5.
You can invest in a developing tropical paradise, and create a new lifestyle for you and your family, but most importantly you have the opportunity to create a secure foothold for your life and future generations to come. Read the full article at IMI Daily to view the breakdown of expenses for Saint Lucia CIU and more.
How do I begin the process and get a bespoke quote for myself and my family?
If you’d like to speak to us, please either send us a webchat (click the icon bottom right of this page), email or book in for a video consultation easily in our partner calendar. We find video conferencing to be the most efficient use of your time to ascertain the best program for you and your family. We encourage you to take advantage of it since your first consultation is free of charge.