St.Lucia is the only caribbean country offering non-interest bearing government bonds for citizenship by investment. It remains a risk free investment, fully refundable after 5 years, remains attractive to HNWI families seeking alternative citizenship.
Since 2023, St Lucia has discontinued Covid bonds replacing with National Action Bonds by increased the bond subscription to USD 300,000 (from USD 250,000).
Annual Report
According to the CIP annual report 2023 published by St.Lucia government, during the period 1 April 2022 to 31 March 2023, of the one-thousand and seventy-six (1,076) applications received during the period 1 April 2022 to 31 March 2023. According to the data, 69.8% (751 applications) of applicants choose to apply for citizenship through the Real Estate Option (238 applications), while 22.2% and 8% (86 applications) opted for the National Economic Fund and Covid Government Bond option, respectively.
Applications were filed from China, Nigeria, United States registered high interest as top 3 countries.
Some 14.6% of the EC$107,692,200 total investment flowed into the Covid bonds.
Total 86 applications Received for Covid Relief Government Bond option during 2022/23
National Action Bonds
The National Action Bond (NAB) was officially launched on 1 January 2023, replacing the
temporary COVID-19 Bond Relief Option and originally instituted Government Bond Option. This new bond option is non-interest bearing, is held in the name of the citizen, and must be maintained for a minimum of five (5) years.
“No applications received for the NAB investment option during the reporting period.”
– CIP Annual Report 2022/23
Covid Relief Bonds
In the face of the global socio-economic challenges brought on by the Covid-19
pandemic, countries around the world have been forced to prioritize innovation in
order to drive their economies forward and Saint Lucia is no exception to this trend.
Recognizing the need for practical modernization and a thorough understanding of the
requirements of potential investors, these two factors were crucial in the launch and
issuance of the zero-coupon Covid-19 Bond Relief Option under the Saint Lucia
Citizenship by Investment Programme in 2020. This initiative was effective from May
2020 to December 2020.
Bond Extensions
Due to its success and positive impact, the Bond was extended for an additional 2-
year period, covering 1 January 2021 to 31 December 2021 and 1 January 2022 to 31
December 2022 respectively. This extension demonstrated Saint Lucia’s commitment to
stimulating economic growth and attracting investment during such challenging times.
NAB Bonds Available
The NAB Bonds under the current legislation requires a minimum investment of USD 300,000 (locked for 5 years) plus USD 50,000 processing fee (additional fee also apply). Any number of family members can apply without increasing the bond sum. 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.
Please refer to the St Lucia CBI Price calculator to see the breakdown of total costs.
