Explore new opportunities by choosing the best immigrant investors program in St. Lucia.

In the end of the year 2016, Saint Lucia’s PM, Allen Chastanet, has made a new change to the Citizenship by Investment Regulations 89 of 2015, to be effective from 1st of January 2017.

Those who may wince at yet another notification, better take a detailed look at it! The alterations have only made obtaining Citizenship by Investment in St Lucia much affordable and easier not only for one applicant but for families as well. Now, this is certainly a big reason to rejoice, for concerned investors, indeed it is!

As per the updated amendments to the earlier regulations, the program is presented much quicker with improved efficiency in all of the Caribbean countries.

Let’s examine the amendments right here!

·         No need to announce financial resources of minimum net value of US $300,000

·         Rather than swearing a loyalty oath at the Saint Lucian embassy, High Commissioner consulate or any such affiliate office, now the applicant is made to provide a sworn declaration before an Attorney-at-Law, Notary Royal, Notary Public, Consular Officer or Honorary Consul of Saint Lucia.

·         Eradicating the restriction of 500 applicants annually

Besides procedural modifications in immigrant investors program in St. Lucia, the Honorary Prime Minister of St Lucia has also announced some alterations in the predominant fee structure, which are summarised below:

·         Single Applicant: US$100,000.00

·         Applicant and spouse: US$165,000.00

·         Applicant, spouse and up to 2 dependents: US$190,000.00

·         Additional dependents: US$25,000.00 each

For those investors looking to invest their money in Government Bond option are grateful to pay an administration fee of US$50,000.00 per application from now onwards.

Those applicants who wish to invest in the National Economic Fund are not obliged to pay any administrative fees!

With these changed become in effect from January 1st, 2017, the Prime minister has assured more amendment and changes come up later to guarantee an impressive return on the capital invested by the applicants.

These amendements which started taking effect from the 1st January 2017 will make the immigrant investors program in St. Lucia the most optimum value for money in the Caribbean, whether for single applicants or collective applicants. Funders to the National Economic Fund do not need to pay any administrative charges. Saint Lucia is now the least expensive option for an applicant with a family and is on par with Dominica for a single applicant. But, as the processing fee in Dominica is more than that of Saint Lucia, Saint Lucia is still affordable and ensures best value for a single applicant.

With these changes, an applicant is no longer needed to exhibit a net worth of US$3,000,000.00 to qualify. In addition, the requirement to travel to a Saint Lucian Embassy or Consulate office to take the Oath of Allegiance has been done away with. This will bring down the existing cost and hassles linked with taking the Oath of Allegiance.

In Parliament on Tuesday 20th December 2016 the Prime Minister also stated that early in 2017 another option for succeeding for citizenship will be presented. This will be the establishment of a Saint Lucia Sovereign Wealth Fund into which applicants can invest for a specified time. This fund will be looked after by professional investment managers and will provide investors with a higher declaration of the return of their money and a return on their capital than currently exists with the real estate alternative in the Caribbean.