Effect Jan 1, 2023, The CIP Saint Lucia has launched the National Action Bonds under the Citizenship by Investment program, replacing the Covid relief bonds which ended on Dec 31, 2022. These special bonds will be issued by government at discounted rate for USD 300,000 (instead of $500,000).
Saint Lucia is the only caribbean nation among all the CBI programs that offer this unique investment opportunity through zero coupon government bonds, making it a zero risk fully refundable investment with a peace of mind.
Applications for citizenship of Saint Lucia can be made through an investment in the National Action Government Bonds (“NAB”). The bonds are non-interest bearing, and must be registered and remain in the name of the applicant for a five-year holding period from the date of first issue.
- Applicant applying with any number of dependents: US$ 300,000
- An additional, non-refundable administration fee of US$ 50,000 is applicable.
The bonds invested must be held for a minimum of five years after which the entire sum is fully returned back to investor without interest, with the citizenship becoming permanent.
When you apply for citizenship through this bond option, you will pay US$ 350,000 (includes government process fee) after which you can get the US$ 300,000 back after 5 years. This applies to single applicant of family with any number of dependent. Please expect due diligence fee US$ 7500 and also agent/lawyer fee to process the bond applications. Financing is not possible with banks in Saint Lucia for the bonds.
The processing times of CIP bond applications are efficient to be very fast in 45-60 days for a decision as of 2023. Spouse, children and dependents can be added to citizenship at any time within five years, post granting citizenship of main applicant.
The CIP Unit of Saint Lucia sold 25 covid relief bonds during the fiscal year of 2021, according to the annual report released.
The Saint Lucia government has made available Bond prospectus 2022 publicly available for download