Saint Lucia announces new changes to its Citizenship by Investment Program effective July 1, 2024.
The Citizenship by Investment Unit of Saint Lucia has announced significant changes in the legislative pricing of investment options qualifying for the Citizenship by Investment Program, effective July 1, 2024. These amendments are part of implementing the memorandum of understanding signed among the five member states of the Organization of Eastern Caribbean States (OECS) managing Citizenship by Investment programs, aiming to standardize the minimum investment threshold to USD 200,000, enhancing cooperation and competitiveness among these countries.
As part of Saint Lucia’s commitment to this memorandum, amendments will be made to the minimum investment requirements for the following citizenship-qualifying options, effective July 1, 2024:
- National Economic Fund Investment Option: This option aims to support economic development in Saint Lucia through diverse investments in national projects, with the minimum government fees (for the main applicant and up to 3 dependents included) increasing to USD 240,000.
- Approved Real Estate Project Investment Option: This option allows investors to invest in approved real estate projects within Saint Lucia, enhancing infrastructure and contributing to economic environment improvement. The minimum real estate investment (for the main applicant and any number of included family members) will increase to USD 300,000, plus additional administrative fees.
- Approved Enterprise Project Investment Option: This option provides opportunities for investment in institutional projects based on innovation and development, creating new job opportunities and supporting the local economy. The minimum government fees (for the main applicant and up to 3 dependents included) will increase to USD 250,000, plus additional administrative fees.
In addition to these changes, new procedures will be implemented to ensure compliance with the new standards, including standardizing the minimum investment across different Citizenship by Investment programs in OECS member countries.
The Citizenship by Investment Unit of Saint Lucia confirms that these amendments are part of its ongoing efforts to enhance the Citizenship by Investment Program and ensure its alignment with the best international standards. Through these changes, Saint Lucia aims to enhance transparency and integrity in the application process and ensure the delivery of high-quality services to investors.
For more details on these changes and how to apply, please visit the Citizenship by Investment Unit’s website for Saint Lucia.
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