The Government of Saint Lucia (GOSL) has introduced very interesting option for citizenship by investment through investing in interest free covid relief government bonds at half discounted price. St Lucia is the only CBI in the Caribbean that offers bonds as the investment route for CBI. Applications are processed and passport can be issued within 3 months after passing screening process.
Covid bonds is a fully refundable investment after 5-6 years guaranteed by GOSL, plus there are some residual costs on top of the investment. This is a limited time offer only available at the end of the year, may be attractive for americans looking to retire becoming a citizen of Saint Lucia.
St Lucia CIP is very popular among Americans, Britons and South Africans and also among many EU citizens who are looking to secure a Plan B option. Remember St Lucia was ranked the No.1 CBI program for 2021.
The special COVID-19 Relief Bond starting at USD 250,000 is a non-interest-bearing government bond to which no processing fee is payable by the applicant. The bond must be registered and remain in the name of the applicant from the date of first issue. This bond option is available for a limited time up to December 31, 2021.
The Bond Prospectus issued by the Government of Saint Lucia as of July 15, 2020.
An administrative fee of US $30,000 is payable by the applicant once the application for citizenship has been granted. Thereafter the qualifying investment sum for this special bond option is payable as follows:
- Sole applicant (five-year holding bond): US$250,000
- Applicant applying with 1 qualifying dependent (six-year holding bond): US$250,000
- Applicant applying with up to 4 qualifying dependents (seven-year holding bond): US$250,000
- Applicant applying with up to 4 qualifying dependents (five-year holding bond): US$300,000
- Each additional qualifying dependent, along with an applicant applying with up to 4 qualifying dependents: US$15,000
Note the bond sum and lockout period increases adding more family members.
Due Diligence:
- Applicant alone- US$7,500
- Each qualifying dependent over 16 years of age – US$5,000
How to calculate costs?
Here is a brief comparison of the total costs involved for all four investment options. Please note with Government bonds since $250,000 is fully refundable after 5 years, the net costs for citizenship is only $37,548.
| Single Applicant | DONATION / INVESTMENT | ADDITIONAL (CIP + DD FEE) | TOTAL |
|---|---|---|---|
| Economic Fund | $ 100 000 |
$ 9 548
|
$ 109 548 |
| Government Bonds | $ 250 000 |
$ 37 548
|
$ 287 548 |
| Real Estate | $ 300 000 |
$ 37 548
|
$ 337 548 |
| Enterprise | $ 3 500 000 |
$ 59 548
|
$ 3 559 548 |
Here is one typical example of family application with main applicant, spouse and two children.
| Family Application (with 2 children < 16) | INVESTMENT | ADDITIONAL | TOTAL |
|---|---|---|---|
| Economic Fund | $ 150 000 |
$ 17 692
|
$ 167 692 |
| Covid Government Bonds | $ 250 000 |
$ 42 692
|
$ 292 692 |
| Real Estate | $ 300 000 |
$ 67 692
|
$ 367 692 |
| Enterprise | $ 3 500 000 |
$ 117 692
|
$ 3 617 692 |
Additional costs: Law firms and CBI agencies charge additional fee to file your application. Please contact us for more information.
