St. Lucia’s citizenship by investment program was established in 2015 to attract foreign investors and stimulate economic growth. The program offers a streamlined and efficient process for obtaining citizenship, with a typical processing time of 3-4 months. As a citizen of St. Lucia, you’ll enjoy a range of benefits, including visa-free travel to more than 146 countries, access to a good tax system, and a high standard of living. St. Lucia offers several investment options for obtaining citizenship, including a donation to the National Economic Fund, an investment in pre-approved real estate projects, or an investment in a pre-approved enterprise project. The minimum investment required varies depending on the chosen option but typically ranges from $100,000 to $300,000. St. Lucia’s citizenship by investment program is a popular choice for investors seeking a fast and efficient way to obtain second citizenship while also enjoying the many benefits of living in this idyllic island nation.
In May 2020, St Lucia issued a new interest-free government bond, the Covid-19 Relief Bond. Buying these bonds is half the cost, with a minimum transaction amount of $250,000 instead of $500,000. One of the many St. Lucia citizenship program benefits is that it is one of the cheapest ways to obtain a second passport with investments. The investor makes a non-refundable contribution to a government fund, buys government bonds, or participates in an infrastructure project. The investor can also open a business in an area of strategic importance to the state’s economy.