Saint Lucia passport becomes more appealing

May 17th 2020 in Caribbean,Citizenship
Saint Lucia passport

Although the Saint Lucia citizenship by investment program is the youngest one among the Caribbean citizenship programs, the small island wants to attract more investors this year.

Prime Minister Chastanet of Saint Lucia announced several important changes to the country’s citizenship by investment program.

What are the main changes?

"1. Time-limited offer until the end of the year applies to investments in non-interest-bearing “COVID-19 RELIEF” government bonds:"
  • The investment is reduced from USD 500,000 to USD 250,000.
  • The government administrative fee is also reduced from USD 50,000 to USD 30,000 and is now only payable upon approval.

Who will benefit from this offer?

The investment is risk-free and fully returned after 6 years. If you do not want to waste your money by donation or do not want to take the risk of a property investment -- this option is the best one for you.

"2. Permanent reduction of the donation amount for families:"
  • For a couple, the new donation requirement is USD 140,000, down from 165,000.
  • For a family of 4, the minimum contribution requirement is now USD 150,000, down from the previous 190,000.
  • For any additional dependents the contribution requirement is USD 15,000 instead of 25,000, as before.
"3. Permanent reduction for newborn children:"
  • The cost of adding a newborn has been drastically reduced, from USD 25,000 to just USD 500.

Who will benefit from this offer?

Of course, large families. For a family of 6 the reduction is significant, you may save up to USD 60,000.

St Lucia passport ranking is 30th in the world. It is ranked higher than Grenada or Dominica. In recent years, it has become quite popular among investors. In 2018-2019, 288 people received Saint Lucia citizenship.

For more information visit: St Lucia Passport page.