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Changes to the St Lucia Citizenship Programme

Changes to the St Lucia Citizenship Programme

The St Lucia Citizenship by Investment Programme was recently amended to ensure it remains competitive within the Caribbean region.

COVID-19 Relief Bond Option

The government announced a COVID-19 Relief Bond option that is available until December 31, 2020. This qualifying option requires the purchase of non-interest bearing bonds at a value of US$250,000 for a family up to four.

  • A single applicant is required to hold the bonds for five years.
  • A married couple is required to hold the bonds for six years.
  • A family of four is required to hold the bonds for seven years. This hold period can be reduced for a family up to four down to five years if they purchase US$300,000 in bonds.

There is also a non-refundable administrative fee of US$30,000. Regular due diligence and passport fees also apply.

New Family Pricing

While the St Lucia Citizenship Programme had always been the most cost-effective for a single applicant, it was a higher-priced option for families compared to many of the other Caribbean citizenship offerings.

  • For a family of two, the contribution drops from US$165,000 down to US$140,000 resulting in a savings of US$25,000.
  • For a family of four, the savings are even greater with a reduction from US$190,000 to US$150,000.

This revised pricing aligns more closely to Antigua’s citizenship programme which is the most cost-effective for families.

Contact us today at info@latitudeworld.com for more information on the St Lucia Citizenship by Investment Programme and obtaining a second passport for you and your family.