St. Lucia – Citizenship-By-Investment Program
St Lucia drives a large level of its investment through its tourism and international banking industries. Tourism is the main source of employment in St Lucia and this continues to grow while providing a high level of opportunity for would be investors.
The Benefits
- A wide range of investment options are available
- Citizenship can be passed to future generations
- No residence and visitation requirements available in order to have Citizenship granted
- Visa-free travel to around 144 destinations including the EU, UK, Hong King and Singapore
Dependants
- Spouse or long-term partner
- Children under the age of 18
- Unmarried, financially dependent children over 18
- Dependent parents and grandparents of main applicant or spouse
- Adult children with certified disability
Financial requirements:
- €500,000 net worth, of which €150,000 must be in financial assets, OR
- €650,000 net worth, of which €75,000 must be in financial assets
Eligibility Criteria
- The main applicant must be over the age of 18
- Applicants must pass a stringent due diligence process prior to applying
- Applicants must have a clean personal background and have no criminal record
- Applicants must not be under criminal investigation
Investment Required
Applicants will be required to select one of the following options
- Purchase of real estate with a minimum value of USD 300,000 from an approved real estate development, which must be held for a minimum period of five years. Additional costs may also be incurred depending on the real estate developer.
- Participation in an approved enterprise project (as set out in the regulations) with a minimum contribution of USD 3.5 million plus the creation of no less than three permanent jobs. Alternatively, a joint contribution of USD 6 million (with each applicant committing a minimum of USD 1 million) plus the creation of no fewer than six permanent jobs.For the above two options, the following government administration fees will also apply:
- Main applicant — USD 50,000
- Spouse — USD 35,000
- Dependents under 18 years — USD 25,000
- Dependents 18 years and older — USD 35,000
- A non-refundable contribution to the National Economic Fund of USD 100,000 (for a single applicant). An applicant may make the contribution under one of the four following categories:
- Main applicant — USD 100,000
- Main applicant and spouse — USD 165,000
- Main applicant, spouse, and up to two other qualifying dependents — USD 190,000
- Each additional qualifying dependent of any age — USD 25,000
- Investment in non-interest-bearing government bonds, which must be held for five years:
- Main applicant — USD 500,000
- Main applicant and spouse — USD 535,000
- Main applicant, spouse, and up to two other qualifying dependents — USD 550,000
- Each additional qualifying dependent of any age — USD 25,000
- Government administrative fee — USD 50,000
Processing Fees
The following apply to Government processing fees
- USD 2,000 for the Main Applicant
- USD 1,000 per dependent
The following apply to due diligence fees
- USD 7,500 for the Main Applicant
- USD 5,000 per dependent who has attained the age of sixteen
Procedure and Timeframe
immVest International will strive to ensure that the best option is arrived at prior to engaging. We will then perform an initial due diligence both internally and with our Country specific Delivery Office. Our Client Agreement will then be signed, and relevant Professional Fees will then be payable. Our immVest International Processing office together with our Country specific Delivery Office will begin full preparation on the application prior to submission and visitation (if required).
