Citizenship Program

The stunning and famous island of St. Lucia, nestled next to Barbados and Martinique is soon to begin taking applications and wealthy investors in January 2016.  A St Lucia passport will allow you to visit UK, EU and countries such as Hong Kong and Singapore visa free, making it a very attractive travel benefit to wealthy families from Africa, Middle East, Russia and Asia.  As details have been released to us, I wanted to give you a sneak peak into how the Citizenship By Investment Programme will look and whether it should be worth considering.

In accordance with preliminary document No. 89 of 2015, the Citizenship by Investment Programme provides four investment options that qualify for citizenship granting purposes:

INVESTMENT OPTIONS

1. National Economic Fund Contribution

High net worth individuals may choose to make a monetary contribution to the NEF organization via one of the prescribed contribution levels.

  • US$100,000: Single applicant.
  • US$165,000: Main applicant with spouse.
  • US$190,000: Family with up to 3 dependents (spouse + 2 children).
  • US$25,000: Each additional dependent.

2. Real Estate Investment

Applicants may purchase property valued at a minimum of US$300,000 in a preapproved real estate development area. The property must be owned and maintained for a minimum of five years. Property registration, processing fees and taxes must be paid in addition to the property purchase.

 

3. Government Bond Investment

Upon approval an applicant and accompanying family may opt to invest in Saint Lucia government bonds, which must be held for five years. The bond amount will vary depending on the size of the family.

  • US$500,000: Single applicant.
  • US$535,000: Main applicant and spouse.
  • US$550,000: Family with up to 3 dependents (spouse + 2 children).
  • US$25,000: Each additional dependent.

The government bond option carries an administration fee of US$50,000 per application.

4. Enterprise Project Investment

Applicants may invest a minimum of US$3.5 million in an approved enterprise project and create at least three jobs. Two applicants may share an investment of US$6 million and create six jobs to qualify. Approved enterprise projects must fall under one of the following categories: specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways, research institutions and facilities, or offshore universities.

Appointed by the government, Arton Capital is an authorized marketing agent for the promotion of Saint Lucia’s Citizenship by Investment Program and is responsible for the following countries: Afghanistan, Algeria, Bahrain, Bangladesh, Djibouti, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Malta, Morocco, Oman, Palestine (West Bank and Gaza), Pakistan, Qatar, Saudi Arabia, Syria, Tunisia, Turkey and the United Arab Emirates.

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