Abstract: The Saint Lucia Citizenship by Investment Department announced on June 29 that from July 1, 2024, the country's citizenship by investment program will officially increase in price, and the minimum investment threshold will be significantly raised from $100,000 to $240,000. The decision is based on a memorandum of understanding between the five Organisations of Eastern Caribbean States (OECS) and pressure from the European Union.
On June 29, the Saint Lucia Citizenship by Investment Department released a high-profile announcement that starting July 1, 2024, the country's citizenship by investment program will undergo major adjustments, and the minimum investment threshold will be significantly increased. The decision was based on a Memorandum of Understanding Agreement signed with four other Caribbean countries, including Antigua, St. Kitts, Dominica and Grenada.
Under the agreement, the minimum investment threshold for the five OECS citizenship by investment programs will be uniformly raised to at least $200,000. However, Saint Lucia went one step further and set the minimum threshold at $240,000.
Behind this price increase is the EU's pressure on the five Caribbean citizenship by investment programs to raise the threshold, otherwise the visa-free treatment of the Schengen area for these five countries may be lifted.
Details of the price increase
From July 1, 2024, the price increases of the Saint Lucia Citizenship by Investment program are as follows:
- Donations start at $240,000
- Buying a home starts at $300,000
- Infrastructure starts at $250,000
Grace period
Applicants have until June 30 at the latest to submit the following information to lock in the old policy before the price increase:
- Name, nationality, passport number of the main applicant
- The investment method you wish to choose
- Number of eligible dependents
All materials submitted and fees paid must be completed by July 31 at the latest.
Timeline of price increases
- On March 22, the four Caribbean countries of Antigua, St. Kitts, Dominica and Grenada signed a memorandum of understanding to raise the minimum investment threshold for the citizenship by investment program to $200,000 by June 30
- On June 3, the Prime Minister of Saint Lucia announced that Saint Lucia had finally decided to sign a memorandum of understanding with four other Caribbean countries to raise the threshold for the citizenship by investment program to at least $200,000
- On June 29, Saint Lucia officially announced that the minimum investment threshold will be adjusted from July 1
- June 30 was the last day of the Saint Lucia Pledge
- On July 1, the price of the Saint Lucia Citizenship by Investment Program officially increased
- July 31, June 30 is the deadline for applicants who lock in the old policy to complete all submissions and fee payments
Saint Lucia Citizenship by Investment Program
As a beautiful island nation in the Caribbean, Saint Lucia has attracted many investors with its unique natural scenery and stable economic environment. The country has beautiful mountains and beaches, a well-developed tourism industry, and is also a member of the Commonwealth, with an official language of English and a currency pegged to the US dollar.
In addition, Saint Lucia is also a non-global taxing country, with no capital gains tax, foreign gains tax, wealth tax, gift tax and inheritance tax, etc., which provides favorable conditions for the development of the offshore financial industry. As a result, Saint Lucia immigration has become one of the effective ways for many high-net-worth individuals and business owners to carry out global asset allocation.
The Saint Lucian passport has a large number of visa-free countries, including 149 countries and regions such as the United Kingdom, Schengen countries, Ireland, Singapore, and Hong Kong, China, ranking 32nd in the world. This makes the Saint Lucia passport an extremely valuable international passport.
At the same time, Saint Lucia also has a Citizenship by Investment Program (CBI), which provides investors with a fast path to citizenship. In the 2024 Global Citizenship by Investment Program Rankings, Saint Lucia was ranked third, behind Malta and Austria.
We offer:
U.S. Immigration: EB-1A Alien of Extraordinary Ability / EB-5 Immigrant Investor / NIW National Interest Waiver
Canada Immigration: SUV Federal Venture Capital/Employer Sponsorship
European Citizenship by Investment: Greece/Portugal/Spain/Malta/Germany/Hungary
Hong Kong Residency: Talent/Specialist
Asia: Thailand/Malaysia/Singapore/Japan
Passport Items: Turkey/Panama/Spain/France/Hungary/Malta/Small Country Passport
Source----- Official Account----- Milky Tom Yum Gong Soup