Overview
The St. Lucia Citizenship by Investment is a program enacted in 2015 by the St. Lucia government and is a program with one of the best reputations of the global Caribbean CBI Passport programs. Under the Citizenship by Investment Act of 2015, this program allows individuals to obtain a second passport via an investment in real estate or government donation. This can include the investor, the investor’s spouse, dependent children under 30, and dependent parents or grandparents over 55 years of age, and siblings under 18 years of age.
Government
Parliamentary System and Constitutional Monarchy
Population
180,251 (2023)
Official Language
English
Climate
23 to 31 degrees Celsius
Member of
Organization of American States, United Nations, CARICOM, OECS, World Trade Organization
Visa Free Travel
148 Countries
Time to Passport
3-6 months
St. Lucia Citizenship by Investment-Passport Process
Step 1
Candidate will have an initial meeting with the Professional and service providers. The documentation will be prepared including civil documents. This process will take between 3-4 weeks.
Step 2
Once the application has been prepared, it is submitted. The St. Lucia Citizenship by Investment Unit (CIU) processes the application, and the outcome is provided. This process will take between 8-12 weeks.
Step 3
Upon a favorable outcome, the investment is completed in 1-2 weeks. The Oath of Allegiance and NIC applications are submitted within 1 week. Then the Certificate of Registration is provided, and the St. Lucia Passport is issued. This process takes 3-6 weeks.
Requirements of St. Lucian citizenship by investment
Principal applicant must meet all of the following requirements:
- Be at least 18 years of age
- Have made, or have agreed to make, a legally prescribed investment or contribution to the CBI Options in the Regulations
- Undergo due diligence and meet all other CBI requirements.
- Must be in good health with outstanding character
- Satisfactory financial background
Those who meet any of the following criteria will be ineligible:
- Certain countries or nationalities Provides false information
- Has been convicted of a criminal offence, except if the offence is a minor traffic violation, or is undergoing criminal investigation
- Is considered a national security risk
- Has been denied a visa to a country with which St. Lucia has visa-free travel and has not subsequently obtained a visa to that country
- Is involved in any activity likely to cause disrepute to St. Lucia
Dependents must meet the following criteria to be eligible:
- The spouse of the main applicant Children under the age of 21
- Children aged between 21 to 30 who are in full-time attendance at a recognized secondary or tertiary level institution of learning and fully supported by the main applicant
- Children aged 21 or over who are physically or mentally challenged
- Parents of the main applicant or the spouse of the main applicant aged 55 years or over, living with and fully supported by the main applicant.
Saint Lucia Citizenship by Investment Legal Framework
The St. Lucia Citizenship by Investment was launched in 2015 under the Citizenship by Investment Act of 2015. The Act outlines the establishment of the Citizenship by Investment Unit, the Governance Board, and the application process under the Saint Lucia Citizenship by Investment Program.
Under Section 30 of the Act, any person who: (1) is at least eighteen years of age; and (2) meets the application requirements, may apply to be registered as a citizen of Saint Lucia pursuant to the Act. This includes any person who is a qualifying dependent, and the application shall be submitted by an authorized agent.
The various options under the CBI program include the following:
- National Economic Fund formed to enhance the infrastructure and utilities of the nation
- National Action Government Bonds, which are non-interest bearing bonds. The investment of $300,000 USD must be registered and remain in the name of the applicant for a five-year holding period from the first date of issue. These bonds are guaranteed.
- Approved real estate, where investors can make an investment into an approved real estate project under the following categories:
- High-end branded hotels and resorts
- High-end boutique properties
- Enterprise Project under the National Infrastructure and Road Improvement Program including under:
- Specialty restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Parts, bridges, roads, and highways
- Research institutions and facilities
- Offshore universities
- Housing projects
- Social development projects
- Investment services
About Step Global
Step Global is the leading immigration consultancy and advisory firm headquartered in Dubai, United Arab Emirates – a hub for effectively servicing clients from the GCC and MENA region, including India and Pakistan. We are comprised of a network of globally licensed lawyers, investment advisors, immigration specialists, and real estate experts who provide active guidance through the entire immigration process. Acting as a single point of contact between all parties involved, we ensure the most optimal chances for approval of your application for migration.
Our partner firms meet high standards to be part of our international network and are respected by peers in the legal and business communities. As a result, Step Global only offers investment immigration visa programs that are well-reputed globally and provide access to the top-ranked passports worldwide as per the Passport Index.
Step Global bridges the gap of future planning for its high-net-worth clientele by providing additional required services including Wealth and Tax planning and Executive Lifestyle Management Services. Step Global has taxation specialists who help clients fully prepare for their financial future. With over a decade of experience in estate planning and investment consultation, and international taxation guidance, our experts can guide HNWIs on how to best appreciate and protect their capital.
This branch of the business is titled Step Wealth, and we’re proud to boast a solid track record of clients making significant capital gains through investment, taxation consultation, and estate planning.
Why Choose Us for Your Immigration Journey:
Saint Lucia Citizenship by Investment Pricing (Guaranteed Bonds)
Bond Investment Amount
$300,000
Processing Fee
$2000 (single applicant)
Due Diligence Fees
$8000 (single applicant)
Passport Fees
$150 (per person)
Professional Fee
$10,000
SG Professional Fee
$20,000
Grand Total
$371,650
The Step Global immigration lawyers are available to answer your questions. Contact us today to arrange a consultation.
- Deepanshu Choudhry - Head of Legal
- +971 (0) 4 770 7825
- deepanshu@stepglobalgroup.com
- DIFC, Central Park Towers Offices, Office 14-39 Dubai, UAE