St. Lucia Introduces National Action Bond
Despite being one of the newest citizenship by investment programmes in the Caribbean, the St. Lucia citizenship by investment programme has already garnered popularity and a favourable international reputation. This global recognition is a direct result of the comprehensive due diligence process, competitive processing times, and unique investment options which are consistently reviewed.
The National Action Bond (NAB) is the newest investment option offered by the St. Lucia CIU as of January 1st 2023, replacing the Covid-19 Relief Bonds previously offered alongside St. Lucia’s three other investment routes. St. Lucia citizenship by investment programme offers the only investment of this kind in the Caribbean, a fully refundable government option at a fixed cost regardless of the number of dependents included. At $300,000, with a non-refundable government administration fee of $50,000, the non-interest-bearing bonds require a higher upfront outlay than other citizenship routes. This initial cost is offset by the ease of recouping the capital at the end of the maturation period, security of a government backed investment, and lower overall citizenship cost when compared to the alternative routes. Previous government bond options required investments between $250,000 and $500,000, with variable holding periods between 5 and 7 years.
The St. Lucia CIU also announced a revision to the minimum investment required under the Real Estate investment option, lowering the previous $300,000 minimum to $200,000.
With these recent adjustments, St. Lucia now offers potential investors 4 possible routes to citizenship.
- A Donation to the National Economic Fund (NEF), a minimum $100,000 investment to a government fund used to support the development of public initiatives, healthcare, infrastructure, and local projects.
- A Real Estate Investment into a government approved development for 5 years; the minimum investment is $200,000 per application in addition to government real estate fees for each applicant.
- A National Action Bond (NAB) investment of $300,000, held for 5 years.
- An Enterprise project investment, a minimum investment of $3,500,000 into an approved, employment generating enterprise project the sectors such as agriculture, education, research and tourism.
The St. Lucia Citizenship by Investment Programme is open to the wider family; beyond the main applicant’s spouse and children up to 30, eligible parents, grandparent and siblings can also be included in any of the routes to citizenship. To take advantage of the streamlined application process, flexible requirements and boundless lifestyle benefits, contact us today to take the next step towards obtaining your second citizenship.
