St Lucia Citizenship by Investment Cost Bracket Modification

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On Saturday, June 29, 2024, Mc Claude Emmanuel, the CEO of the Saint Lucia Citizenship by Investment Unit, sent out an Official Memorandum. Its subject line reads: “CHANGE IN QUALIFYING INVESTMENT PRICES”. In this article, we will cover what this means for St Lucia Citizenship by Investment cost.

How Much Does St Lucia Citizenship by Investment Cost From Monday, July 1, 2024?

The memo creates new minimum thresholds for St Lucia Citizenship by Investment. For the National Economic Fund (NEF) donation option, you can apply with up to 3 qualifying dependants for $240,000. There are the following additional charges to factor in:

• $10,000 to include qualifying dependents under 18
• $20,000 to add eligible dependants aged 18+

Meanwhile, you will now need to invest at least $300,000 to qualify for St Lucia citizenship via an approved real estate project. There are administration fees to pay on top of this. But you can include any number of dependants who meet the qualifying requirements.

Finally, the investment in an approved enterprise project avenue rises to a minimum $250,000. Again, you will incur administration fees. There is, however, the added bonus of adding an unlimited amount of eligible dependants.

The Latitude Takeaway

Christopher Willis is the Latitude Caribbean Managing Partner. He states that St Lucia’s late entry to the MOA doesn’t mean the country is any less committed to it. As Willis asserts, “This official memorandum is crystal clear in showing St Lucia’s alignment with its 4 fellow Eastern Caribbean countries.”

“St Lucia maintains the distinction between donation and property investment. Its structure is transparent and easy to follow.”

How to Acquire St Lucia Citizenship by Investment in 2024

St Lucia Citizenship by Investment might not be available for $100,000 any more. But it remains one of the more reasonable investment migration programmes as you’ll discover by talking with an investment migration expert such as Latitude Group. So, don’t delay and contact us today.