As a result of the global challenges posed by the pandemic, St. Lucia had introduced an innovative COVID-19 Relief Bond under its Citizenship by Investment Program.
The special limited time offer (LTO) that was due to expire at the end of 2021 was extended for another year — until 31 December 2022 — giving interested individuals another chance to take advantage of one of the most affordable second passport options.
The bonds are fully issued by the Government of St. Lucia under the authority of The National Savings and Development Bonds (Amendment Act), Chapter 15.25 and by the resolution of Parliament No.110. and The Citizenship by Investment (Amendment) Regulations.
The non-interest-bearing bonds will be fully repaid upon maturation, creating a favorable long term value proposition. The holding period depends on the number of individuals included in the application. When a bond reaches maturity, the named citizen or their authorized representative presents the Official Bond Certificate to the Accountant General of St. Lucia for full redemption to their selected bank account. This results in a low net cost to obtain the passport, reducing the overall outlay to the cost of legal and government fees.
This innovative solution creates mutual value for investors and Saint Lucians alike. Applicants can obtain a second passport at the lowest net cost and minimum legal and government fees, while helping move St. Lucia’s economy forward in the midst of the current economic challenges. Buyers looking for socially responsible investing (SRI) options will find this option well structured around sustainability and longevity.
In addition to refundable relief bonds, St. Lucia offers future citizens the option to make donations to the National Economic Fund (NEF). A minimum contribution of $100,000 brings about another affordable route to citizenship. This approach has enjoyed continued interest from Chinese and Russian individuals seeking dual citizenship, as well as growing interest from Nigerian investors looking to expand their business and travel opportunities and secure the future of their family.
St. Lucia’s Citizenship by Investment program continues to be ranked highly for its comprehensive due diligence and processing efficiency. With multiple investment options and straightforward criteria, the opportunities and benefits that St. Lucia offers are countless.
Owning a St. Lucia passport allows its holder to travel without a visa to over 145 countries globally, including popular destinations and business hubs, such as Hong Kong and the UK. Investors worldwide often seek this beautiful island country in the Eastern Caribbean for its rich English and French heritage and its tropical climate with spectacular scenery.
Want to Learn more about St. Lucia’s Citizenship By Investment Program, its benefits, and how we can help you with the application process? Visit this section of our website and stay tuned for the latest updates: www.ccscaribbean.com/st-lucia