Saint Lucia has the cheapest CBI program in the world through the donation route. The total costs for a CBI depend on number of factors such as how many people apply as a family, age of applicants, due diligence fee, application fee and passport fee. Prices increase the more you add family members.
We will compare the six most popular cheapest citizenship by investment programs below
One person
In this scenario, only one person applies for the passport. Saint Lucia is the cheapest CBI for one person followed closely by Dominica.
CBI | Govt donation | CIP due diligence + application | Lawyer fee |
Saint Lucia | US$ 100,000 | US$9,500 | Less than $10k |
Dominica | US$ 100,000 | US$9,950 | Around $10k |
Vanuatu | US$130,000 | $5000 | Included in donation |
Antigua and Barbuda | US$ 100,000 | $37,800 | $10k to $15k |
St Kitts and Nevis | US$ 150,000 | $7,750 | $10k to $15k |
Grenada | US$ 150,000 | $8,500 | $10k to $15k |
Total fee: Govt donation + CIP due diligence + Lawyer fee
Family
In this scenario, we assume a family of four is applying (husband, wife and 2 children less than 15). As you can see Antigua is the cheapest CBI program for families, followed by St Kitts and Saint Lucia.
CBI | Govt donation | CIP due diligence + application | Lawyer fee |
Antigua and Barbuda | US$100,000 | $46,200 | Around $15k |
St Kitts and Nevis | US$ 150,000 | $12,500 | Around $15k |
Dominica | US$ 175,000 | $18,300 | Around $15k |
Vanuatu | US$ 165,000 | $20,000 | Included in donation |
Grenada | US$ 200,000 | US$ 20,000 | Around $15k |
Total fee: Govt donation + CIP due diligence + Lawyer fee
Please note that St Kitts, St Lucia and also Dominica offer Covid-19 discounts slashing the prices for families.
To start the application process, first you need to pay CIP due diligence fee plus 50% of the lawyer fee. It takes 2-3 months for the letter of approval issued by CIP units after all the background checks are done. Finally you need to pay the rest of the donation contributions directly to the government bank account. Once all the process is complete, after 2 weeks passport is issued.
Tip: If you invest $250,000 in Saint Lucia interest free Covid19 government bonds, you will be refunded entire sum after 5 years. The net costs to acquire Saint Lucia citizenship will be less than $50,000. Unfortunately this is a special limited offer from Govt exists only until Dec 2020.
Please contact us for more information.