The Saint Lucia Citizenship by Investment Unit (the Unit) has announced changes to the minimum legislative prices for qualifying investment options, effective from July 1, 2024. These changes align with the Memorandum of Agreement signed by the five OECS territories that operate Citizenship by Investment Programmes. This agreement mandates a minimum investment threshold of US$200,000. See Saint Lucia’s Official Memorandum here: Link
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As a signatory to this agreement, Saint Lucia will implement the following changes from July 1, 2024:
Transitional Arrangements
Potential investors who have already applied under the existing US$100,000 pricing and have paid the associated fees must submit their applications by June 30, 2024.
New Pricing Structure from July 1, 2024
Saint Lucia National Economic Fund:
- Applicant applying with up to three qualifying dependents: US$240,000
- Each additional qualifying dependent (under 18 years of age): US$10,000
- Each additional qualifying dependent (above 18 years of age): US$20,000
- Newborn child of a citizen (12 months of age or below): US$5,000
- Spouse of a citizen: US$35,000
- Qualifying dependents of a citizen other than a spouse: US$25,000
Real Estate (Approved Project):
- Applicant with any dependents: US$300,000 plus administrative fees
Enterprise Project (Approved):
- Applicant with up to three dependents: US$250,000 plus administrative fees
These adjustments are designed to ensure compliance with the regional agreement and maintain the integrity and competitiveness of Saint Lucia’s Citizenship by Investment Programme.