How To Obtain A Saint Lucia Passport By Investment


Saint Lucia’s Citizenship by Investment program is the best option available for single applicants.
Not only is it the cheapest but it is also offering decent visa free travels and offers a transparent application process.
As of 2020, Saint Lucia offers 4 options to obtain a passport:
·         Property Investment
·         Government Donation
·         Enterprise Investment
·         Government Bond Investment 

      Passportpath


Property Investment
A purchase of government approved real estate worth a minimum of $300,000 can serve as the basis for a second citizenship in Saint Lucia. The investment must be held for a minimum period of 5 years. Property registration, processing fees and taxes must be paid in addition to the property purchase. Individuals are required to execute a binding purchase and sales agreement for an investment in an approved government project and the agreed purchase price is deposited into an approved escrow account managed jointly by the developer and the Citizenship by Investment unit in Saint Lucia. 

Government Donation
This is a donation option to donate into Saint Lucia’s National Economic Fund which is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects. Minimum investment is at $100,000 for a single applicant. 

Enterprise Investment
Investments into government approved enterprise projects is another way to obtain citizenship in Saint Lucia. Approved enterprise projects fall into sectors such as specialty restaurants, cruise ports and marinas, agro-processing plants, bridges and roads, research institutions and facilities and offshore universities. Investments typically start at $3,500,000. This is a relatively expensive option.

Government Bond
Applicants may consider investing into government bonds which are typically held for a period of 5 years. Bond amounts vary depending on the size of the family and how many individuals within the family are applying. It starts at $500,000. This is an interest fee investment.

Overall Saint Lucia offers the bearer visa free access to over 140 countries including Singapore, South Korea, Ireland and United Kingdom. Typically applications are approved within 3 months without the need to obtain economic residency status first. In addition Saint Lucia and EU signed a short stay waiver which allows Saint Lucia passport holders to spend 90 days out of 180 days visa free in some countries in the EU. There is no minimum stay requirements in Saint Lucia unlike some other countries which means you don’t need to stay before, during or after applying for citizenship making it an ideal option for those who are business owners. 

Contact us at info@passportpath.com today for assistance.

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