The Saint Lucia government issues specific type of government bonds (National Action Bonds) under the citizenship by investment program. The Subscription to this bond (government debt) gives foreign investors eligible for Saint Lucia citizenship and passport.
The NAB bond is a non-interest-bearing (zero coupon) citizenship bond that require a 5-year holding period and can be redeemed for the principal amount.
Bonds are tailored for those investors seeking to protect their principal and minimize the potential for loss.
- Bonds are relatively safe investments because they are backed by the government’s ability collect tax revenues and print money.
- High liquidity can be sold at markets anytime.
- Bonds hedge against economic downturns or market volatility.
Saint Lucia is the only country among all other CIP nations to issue citizenship in exchange for bond subscription.
Why Bonds?
- A Secure path to St.Lucia citizenship.
- Risk free investment for a peace of mind.
- Moneyback Guaranteed by government after 5 years.
- No physical visit or opening bank account in St.Lucia required.
- Citizenship is permanent after bond redemption.
- No taxes applicable to bond investors.
- Bond Interest not paid to investor (used by government for economic development).
- Unlimited family members can be included in the application (without increasing bond sum or processing fee).
NAB Bond Application and Certificate
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.
A bond certificate will be issued to investors after 100% of the bond deposited by the applicant, to Government of Saint Lucia and managed by Ministry of Finance accounts. This certificate is used to file for citizenship and passport.
Note: The Covid bonds has been discontinued by government.
Bond Prospectus
The Bonds and Notes will be issued under the authority of the National Savings Development Bonds Act (Amendment) Section 3, Cap. 15.25, and by a resolution of Parliament No 62 of May 2022. The Finance Ministry of Government of Saint Lucia publishes the Bond prospectus (PDF) for investors ever year about the performance of government bonds.
Download – https://www.ecseonline.com/prospectuses-slu/
Bond Costs
The following fees are set by CIP Saint Lucia for NAB bond investors.
| Category | Applicant Type | Amount (USD) | Notes |
|---|---|---|---|
| Bond | Applicant applying with any number of dependents | 300,000 | Non-refundable administration fee of 50,000 applies |
| Application Fee | Main Applicant | 2,000 | |
| Each qualifying dependent | 1,000 | ||
| Due Diligence Fee | Main Applicant | 8,000 | |
| Each qualifying dependent (above 16 years) | 5,000 |
