Investors and high-net-worth individuals looking to invest in St Lucia citizenship by investment program have had the opportunity to do so through investment in bonds – The Special COVID-19 Relief Bond. However, this is soon going to change with the Saint Lucia Citizenship by Investment Unit gearing up for a major change.
As per a memorandum that was issued by Saint Lucia CIU on October 13, 2022, the COVID-19 relief bond will be valid only until December 31, 2022. Thereafter, investors willing to acquire Saint Lucia citizenship by investment will have to choose from other available investment options.
For the uninitiated, the special COVID-19 Relief Bond was introduced in 2020 as a short-term concessionary prospect by the Prime Minister of Saint Lucia, Hon. Allen Chastanet.
The investment through the COVID-19 Relief Bond not just helps an applicant qualify for citizenship but also guarantees the return on investment after the proposed time.
Investment options as available under the COVID-19 Relief Fund include:
Investment Amount: US$ 250,000
Single Applicant with a 5-year holding
Single Applicant with One Dependent with a 6-year holding
Single Applicant with Four Dependents with a 7-year holding
Investment Amount: US$ 300,000
An applicant with up to Four dependents with a 5-year holding. Add up to four additional dependents in the application by investing US$ 15,000 per dependent
Other Investment Options for Saint Lucia Citizenship
The COVID-19 Relief Bond option will be available to you only till December 31, 2022. Apart from this, Saint Lucia Citizenship can be acquired through other investment options which include:
Contributing To National Economic Fund
Saint Lucia has the National Economic Fund that allows you to make a contribution of US$ 100,000 as a single applicant. This fund was established exclusively for the Citizenship by Investment program.
Investment In Government Bonds
Saint Lucia also allows investment in government bonds that are non-interest bonds. Moreover, the bonds must be registered under the name of the applicant with a 5-year holding period. A single applicant investment requirement is US$500,000.
Investment in Pre-Approved Real Estate
You can even get Saint Lucia citizenship by investing in real estate. The project that you choose to invest in should be government-approved and the minimum investment required is US$ 300,000.
An autonomous Commonwealth country – Saint Lucia has a rich culture and history. It’s thriving in tourism followed by a stronger manufacturing sector.
St Lucia Citizenship by Investment is a straightforward program with higher due diligence, transparency, and greater integrity. It gives you the freedom to travel visa-free and visa-on-arrival to over 140 countries including the Schengen Area and the UK. The citizenship by investment program for Saint Lucia also brings along a lot of business opportunities for you. It allows you to build a safe and secure future for yourself and your family.
If you want to go down the COVID-19 Relief Fund route for the investment, it’s time to start your citizenship process as the investment scheme will expire on December 31, 2022.
To know how you can proceed with the citizenship program for Saint Lucia, speak to one of our experts today at +971 4 563 9500 or visit www.aaa-international.com