The St Lucia Government has reduced the minimum investment required for enterprise projects from $3.5 million to $100,000 making it easy for investors applying for citizenship by investment. A third new reduced option has been introduced under this category by the Saint Lucia government.
The Regulations for Enterprise Projects are published the Citizenship by Investment Act No. 14 of 2015 (‘‘the Act’’) and the Citizenship by Investment Regulations No. 89 of 2015 (‘‘the Regulations’’). The Enterprise project option can be cheaper for families applying for CIP compared to donation option. Note the administration fee also applies, increasing the costs.
Enterprise Investment
- Applicant Alone: US$100,000 (minimum investment)
- Applicant and up to 3 Qualifying Dependents: US$150,000 (minimum investment)
An additional, non-refundable administration fee of US$15,000 will apply.
Administration Fee
Administrative Fees applicable for Dependents:
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Each qualifying dependent (18 years of age and over) – US$ 35, 000
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Each qualifying dependent (under 18 years of age) – US$ 25,000
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Applicant & Spouse – US$ 20, 000 Each
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Applicant applying with two dependents – US$ 25, 000 Each
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Applicant with three qualifying dependents – US$ 30, 000 Each
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Additional Dependents (+3) – US$ 10, 000 Each
Note additional fees such as due diligence fee and application fee are applicable when submitting application
