St Lucia: A Programme Cost Milestone
St Lucia's National Economic Fund route reached a USD 100,000 single-applicant level — a milestone moment in the Caribbean donation route. What changed, and what it means for applicants comparing programmes today.
The Pitons rising sharply out of the Caribbean Sea.
Saint Lucia’s PM Allen Chastanet has issued a new amendment to its Citizenship by Investment Regulations that has made the process of acquiring Citizenship by Investment more affordable and efficient as of January 1, 2017.
The amendments include:
- Abolishing of the need to declare financial resources of a minimum net worth of USD3 million.
- The applicant no longer needs to swear an oath of allegiance at the Saint Lucian Embassy but can now supply a sworn declaration before an Attorney-at-Law, Notary Royal, Notary Public, Consular Officer or Honorary Consul of Saint Lucia.
- The restriction of 500 applicants annually has been removed.
Apart from the procedural modifications, the Honorary Prime Minister of St Lucia has also declared a reduction in the prevalent payment structure for the National Economic Fund Contribution, which are summarized below:
- Single Applicant: USD100,000
- Applicant and spouse: USD165,000
- Applicant, spouse and up to 2 dependents: USD190,000
- Additional dependents: USD25,000
The changes makes the St Lucia citizenship program one of the most competitively priced programs for family applications.
If you would like to speak privately about whether a Citizenship by Investment programme fits your circumstances, reach a senior advisor at PassPro.
Note: figures in this article are accurate as of 6 January 2017. Government programme prices and processing times change. For the current authoritative figures see our Citizenship Options page, the official government unit websites, or reach a senior advisor directly.
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