Positive effects of Covid-19 on St Lucia’s CBI Program

Saint Lucia Citizenship by Investment program was launched in 2015 to become one of the most sought-after citizenship by investment programs in the Caribbean. Known for its strong economy, and according to the World Bank Reports, Saint Lucia was ranked 2^nd among Caribbean countries for the ease of establishing businesses, making the country a perfect destination for aspiring businessmen. 

Just like almost everything around us, Saint Lucia Citizenship by Investment Program went through a lot of changes in lights of the recent outbreak of the Coronavirus pandemic. Good news for investors is that they can now obtain Saint Lucia Passport faster and at a lower cost.

The program offers two investment options; both were updated as follows:

1.     Donation to the National Development Fund

Investment amount was reduced:

• from $160,000 to $140,000 for a single applicant and
• from $190,000 to $150,000 for a family of 4.

2.     Government Bonds

Saint Lucia Citizenship by Investment Unit reduced the required investment amount under this scheme by 50%. This offer is valid till the end of December 2020.

• Investors (whether a single applicant or a family of 3) are now required to invest $250,00 instead of $500,000, while still having to keep the bonds for at least 5 years.

Saint Lucia Citizenship by Investment doesn’t require applicants to denounce their current citizenship as the country permits dual citizenship. Also, investors won’t have to fulfill any residency or visit requirements to obtain citizenship. Once citizenship is obtained, investor can enjoy visa free travel to more than 140 countries and benefit from the advantageous tax environment.

Bluemina is an International Marketing Agent (IMA) for the Saint Lucia Citizenship by Investment Program which makes us competent in serving our clients with the highest levels of efficiency and professionalism. Get in touch with our expert advisors today to learn more about the program and it recent updates.