St. Lucia lies in the eastern Caribbean Sea, northwest of Barbados and south of Martinique. A volcanic island mostly covered in rainforest, it is famous for its twin peaks — the Pitons — and its magical beaches. St. Lucia is a member of the Commonwealth and CARICOM and has excellent air links to Europe and North America.
Benefits of the St. Lucia Citizenship by Investment Program
Requirements of St. Lucian citizenship by investment
The St. Lucia Citizenship by Investment Program is regulated by the Citizenship by Investment Act No. 14 of 2015. § 33 of this act established the Saint Lucia National Economic Fund (NEF), which receives the qualifying investments of donations from the program. These funds will be used by the government under the national development agenda.
The program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application process and due diligence checks, the applicants and their families are granted full citizenship. The main applicant must be at least 18 years of age to qualify, meet the application requirements, and select one of the following investment options:
1. Purchase of real estate with a minimum value of USD 200,000 from an approved real estate development, which must be held for a minimum period of five years
2. Participation in an approved enterprise project 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
3. Non-refundable contribution to the National Economic Fund of USD 100,000 for a single applicant. Alternatively:
4. Investment in non-interest-bearing government bonds with a minimum value of USD 300,000 (and an administrative fee of USD 50,000), which must be held for a minimum period of five years
All qualifying dependents must have a clean personal background with no criminal record and not be under any criminal investigation (other than in respect of a minor offense). A person that is deemed a potential security risk or who is or has been involved in any activity that is likely to bring disrepute to St. Lucia shall not be approved for citizenship.
Procedures and time frame of the St. Lucia Citizenship by Investment Program
The application process should take no longer than four months from submission of the application to issuance of the certificate of citizenship, assuming there are no areas of concern with the application. Where, in exceptional cases, it is expected that the processing time will be longer than three months, Piptan International Inc. will inform the applicant of the reason for the anticipated delay.
The Citizenship by Investment Board, which provides oversight to a dedicated citizenship by investment unit (CIU), will consider an application for citizenship and its outcome may be to either grant, deny, or delay for cause. A citizenship by investment application will be submitted in electronic and printed form by Piptan International Inc. on behalf of the applicant. All applications must be completed in English.
All requisite supporting documents must be attached to an application before it can be processed by the CIU. All applications must be accompanied by the relevant nonrefundable processing and due diligence fees for the principal applicant, their spouse, and each qualifying dependent. Where an application has been approved in principle, the CIU will notify Piptan International Inc. that the qualifying funds and requisite government administration fees must be paid before the certificate of citizenship can be granted.
The main applicant must remit the required funds for the qualifying option within 90 calendar days after notice of approval of their application. A successful applicant shall sign the oath or affirmation of allegiance before an attorney-at-law, notary royal, or notary public. The minister may, by order, revoke a grant of citizenship in exceptional circumstances as may be deemed necessary.
There are no restrictions on dual citizenship in St. Lucia.