Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act No. 14 of 2015. The National Economic Fund is established for the sole purpose of receiving qualifying investments of donations under the Saint Lucia Citizenship by Investment Program.
Donation Amount
Main applicant with up to three dependents | $240,000 |
Each additional qualifying dependent (under 18 years of age) | $10,000 |
Each additional qualifying dependent (above 18 years of age) | $20,000 |
Due Diligence
Applicant alone | $7,500 |
Each qualifying dependent over 16 years of age | $5,000 |
Non-refundable processing fees:
Applicant alone | $2,000 |
Each qualifying dependent | $1,000 |
To qualify for citizenship of Saint Lucia under the Real Estate Option of the Saint Lucia Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 300,000 which may be resold after 5 years.
Additionally, the applicant must pay the following government fees (Non-Refundable):
Investment Amount
Main Applicant | $300,000 |
Non-refundable administration fee:
Main Applicant | $30,000 |
Main Applicant & Spouse | $45,000 |
Each qualifying dependent (18 years of age and over) | $10,000 |
Each qualifying dependent (under 18 years of age) | $5,000 |
Applicant applying with spouse & more than four dependents | $ 10,000 |
Due Diligence
Main applicant | $7,500 |
Each qualifying dependent over 16 years of age | $5,000 |
Introduction of the Government National Action Bond (“NAB”) Option as a qualifying investment option for the grant of Saint Lucia citizenship.
An applicant and qualifying dependants of any number may opt for the Government Bond option at US $300,000. The bond is non-interest bearing with a holding period of five (5) years.
A one-time administrative fee is payable upon the grant of citizenship is applicable – US $50,000.
The “Infrastructure Option” falls within the Enterprise Project Investment category. This latest option offers an expanded option for developers to invest in projects which are towards enhancing the country’s infrastructure.
Investment Amount
Applicant and up to 3 Qualifying Dependents | $250,000 |
Non-refundable administration fee:
Main Applicant & Spouse | $20,000 |
Each qualifying dependent (18 years of age and over) | $35,000 |
Each qualifying dependent (under 18 years of age) | $25,000 |
Applicant applying with 2 dependents | $25,000 |
Applicant with three qualifying dependents | $30,000 Each |
Additional Dependents (+3) | $10,000 Each |
While the government authority oversees the program in general, the Citizenship by Investment Unit (CIU) carefully processes all applications, conducting mandatory interviews and thorough examinations. The unit also conducts due diligence checks and may reject an application if the applicant provides false statements or omits relevant information.
The CIU undertakes strict due diligence checks and will decline an application if the applicant makes a false statement or omits any relevant information in the application. The documentary requirements of the Saint Lucia Citizenship by Investment Program are reasonable, and the procedures are straightforward. Once the application is approved, passports can be collected.
It is estimated that the process will take between four and five months from the submission of the application to the issuance of the passport, assuming there are no areas of concern with the application.
Regarding real estate investment, the time frame may vary based on the chosen project. Thus, selecting a real estate venture capable of furnishing the necessary documents for a citizenship application is crucial.
On 24 August 2015, the Saint Lucia Citizenship and Passport by Investment Program was launched following parliamentary approval of Law No. 14 of 2015. The terms of the Citizenship Program are contained in Legal Instrument No. No. 89 of 2015 with subsequent amendments to Legal Instrument No. 1 for the year 2017.