{"id":8886,"date":"2017-02-15T23:35:34","date_gmt":"2017-02-15T23:35:34","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=8886"},"modified":"2019-02-12T14:07:34","modified_gmt":"2019-02-12T19:07:34","slug":"saint-lucia-slashes-cost-citizenship-investment-program","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/saint-lucia-slashes-cost-citizenship-investment-program\/","title":{"rendered":"Saint Lucia Slashes Cost Of Citizenship-by-Investment Program"},"content":{"rendered":"

\"Saint<\/p>\n

Saint Lucia has made its citizenship-by-investment program<\/a> significantly more accessible by slashing investment thresholds, abandoning a minimum wealth requirement and ending a cap on the number of applications.<\/p>\n

Individual investors in the Economic Fund stream are now required to contribute just $100,000, down from the previous threshold of $200,000.<\/p>\n

This puts the program on a par with Dominica<\/a>, although subsequent fees make the Dominican program slightly less expensive.<\/p>\n

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Saint Lucia National Economic Fund Investment Stream<\/strong><\/h3>\n

(all amounts US dollars)<\/em><\/p>\n\n\n\n\n\n\n\n
<\/td>\nBefore Changes<\/td>\nAfter Changes<\/td>\n<\/tr>\n
Sole Applicant<\/td>\n$200,000<\/td>\n$100,000<\/td>\n<\/tr>\n
Applicant with spouse<\/td>\n$235,000<\/td>\n$165,000<\/td>\n<\/tr>\n
Applicant with spouse and up to two other qualifying dependents<\/td>\n$250,000<\/td>\n$190,000<\/td>\n<\/tr>\n
Each additional qualifying dependent<\/td>\n$25,000<\/td>\n$25,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Previously, candidates also had to declare financial resources of at least $3 million, a requirement that has been abandoned under new rules, which came into effect on January 3, 2017.<\/p>\n

An annual application cap of 500 has also been removed.<\/p>\n

As well as the single applicant, fees have also been reduced fore an applicant and their spouse (now $165,000) and an applicant with spouse and up to two dependents (now $190,000).<\/p>\n

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Read More<\/strong><\/p>\n

St. Lucia\u2019s Investment Immigration Program \u2013 Important Safeguards for Effective Due Diligence<\/a><\/p>\n

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The option of investing in government bonds has also been reintroduced, with an administration fee of $50,000. Purchase of government bonds starts at $500,000.<\/p>\n

Other streams remain unchanged, including a real estate investment of $300,000 and a business investment stream with a $1 million threshold.<\/p>\n

The Saint Lucia program first started accepting applications in January 2015<\/a>.<\/p>\n

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Benefits of Saint Lucia Citizenship by Investment program<\/strong><\/h3>\n