The St Lucia CBI report 2022-23 has been released after a delay of a year. The St Lucia citizenship program is a famous option for investors that shows a record growth of 85% for the financial year 2022-23. As per The Voice of Lucia, the report was presented by Investment Minister Dr Ernest Hilaire in the parliament. The minister mentioned various factors caused delay for the publication of report. The report shows a staggering 70% portion of CBI applications were for real estate investment.
St Lucia CBI Report Details
As per the St Lucia CBI report submitted by the St Lucia Investment Minister, the program received a record number of citizenship applications totaling to 1076 in fiscal year 2022-23. During previous couple of years, 966 applicants applied for St Lucia citizenship, i.e. 583 for 2021-22 and 383 for 2020-21. This represents 45% growth in citizenship applications than previous year.
St Lucia citizenship application approvals also grew by 20% from 433 citizenship approvals in 2021-22 to 544 in 2022-23. 8 applications were rejected and this shows the backlog details of St Lucia citizenship applications.
St Lucia CBI Report details Quarter Wise
Lets dive into further details of St Lucia CBI report details quarterly. The record for the 1st quarter of the financial year 2022-23 shows 112 St Lucia citizenship applications received and authorities granted citizenship to 166 applicants without any rejection. Second quarter shows 111 citizenship applications and grant of citizenship to 116 applications and rejection to 3 applicants.
3rd Quarter shows 157 citizenship applications were received with approval for citizenship to 91 and rejection to 2 applicants. There was a high surge in St Lucia citizenship applications during 4th quarter of 2022-23 year where 696 applicants applied for St Lucia citizenship, 171 citizenship cases were approved and 3 were denied.
St Lucia CBI Category Wise Details for 2022-23
During the financial year of 2022-23, real estate investment option was top choice for St Lucia citizenship applicants. During that year, 751 out of 1076 applicants applied for St Lucia citizenship by real estate investment which is 70% of all applicants. 86 applicants apply for Saint Lucia second citizenship by investment in bonds. 239 applicants choose St Lucia National Economic Fund to get second citizenship.
St Lucia Citizenship Applicants Data Country Wise
When we compare the St Lucia citizenship applicants on the basis of their first nationality for 2022-23 year, Chinese citizens topped with 30% of total 544 applicants. Nigerian and USA citizens share is 10% each, Russians 3.7% and Indians 2.4%. 45% applicants were from other countries. You can either choose donation, St Lucia citizenship starts with $240,000 donation, $300,000 via real estate investment and $250,000 via approved entries project.