St. Lucia Ready for Caribbean Citizenship Price Hike to $200000
St. Lucia PM Philip J Pierre has also agreed to sign MoU for Caribbean citizenship price hike, information sharing, security screening and other points. Earlier, 4 Caribbean countries have already signed the document to standardized the citizenship by investment programs in Caribbean region. As per MoU, the minimum investment threshold will start from $200,000 instead of $100,000.
Name of countries with Caribbean Citizenship Pprice Hike
4 Caribbean countries signed the MoU in March 2024 to standardized the citizenship policies and set the minimum price threshold to a minimum of $200,000. St. Lucia at that time asked for some time for homework and to discuss with their legal team.
With inclusion of St. Lucia, the countries going for Caribbean citizenship price hike are now five. These countries include:
1: Antigua
2: Dominica
3: St. Kitts & Nevis
4: Grenada
5: St. Lucia
In official statement, St. Lucia authorities not only set the official date for signing the agreement but also give some further suggestions to improve and strengthen the regional cooperation. This includes:
- Â Â Â Â Legislative changes for name change requests
- Â Â Â Â Setting a specific approval rate for Citizenship by Investment cases
- Â Â Â Â Minimum net worth requirement for applicants
- Â Â Â Â Escrow accounts requirement on each respective island as off-island escrow accounts were not creating issues
- Â Â Â Â Bound the international promoters to submit a separate due diligence reports for every CBI applicant
St. Lucia Investment Options
The report by CIP Saint Lucia revealed a 184% increase in applicants from 82 in 2020/21 to 233 in 2021/22. The country offers 4 investment streams leading to St. Lucia citizenship by investment. This includes:
ST. LUCIA NATIONAL ECONOMIC FUND
The National Economic Fund require $100,000 investment for single applicant, $140,000 with Spouse and $150,000 for main applicants, spouse and two dependents.
ST. LUCIA NATIONAL ACTION BOUND
National Action Bound of St. Lucia require $300,000 investment to get St. Lucia citizenship. You can add any number of dependents under this stream.
ST. LUCIAÂ REAL ESTATE PROJECT
St. Lucia citizenship by investment in Real Estate is the most popular program that require a minimum investment of $200,000.
ST. LUCIAÂ ENTERPRISE PROJECT
There are three investment options under Enterprise Project investment stream. Option 1 require $3.5 million investment, Option 2 require $6 million investment for a joint venture and Option 3 starts from $100,000 for single applicant.