An investment in an approved enterprise project (as set out in the regulations) with a minimum investment of USD 3.5 million, plus the creation of no less than three permanent jobs.
About the Program
There are seven options available to applicants who wish to go through the Saint Lucia citizenship by enterprise option.
Specialty Restaurants
Cruise ports and marinas
Agro-processing plants
Pharmaceutical products
Ports, bridges, roads, and highways
Research institutions and facilities
Offshore universities
Once a Saint Lucia citizenship application via the enterprise route has been approved, the following minimum investment is required:
A sole applicant: A minimum investment of $3.5 million
More than one applicant (joint venture): A minimum investment of $6 million with each applicant contributing no less than $1 million.
Administration fee (non-refundable):
Sole applicant: $50,000
Additional dependent aged 18 or over: $35,000 each
Additional dependent under 18: $25,000 each
Additional costs:
Due Diligence: $7,500 for the main applicant plus $5,000 for each qualifying dependent over 16 years of age
Processing fee: $2,000 for the main applicant plus $1,000 for each qualifying dependent
Description
Starting investment — from $1,000,000. Profitability depends on the project’s success.
Saint Lucia Citizenship by Investment supports a wide range of projects.
The Citizenship unit will also consider enterprise project, and there is a high possibility that your one would be on the list of approved enterprise projects.
One more benefit of using an approved enterprise project is that you can make benefit from a joint venture. For example, applying as a sole investor, you should pay $3,500,000. However, a joint venture would cost only $1,000,000 for each investor. It is important to note that while applying as an individual developer, you should also follow the obligation to create at least 3 permanent jobs to get Saint Lucia citizenship. As for the joint investment, this would be 6 permanent jobs.
Investment
USD $1,000,000
3-6 mo.
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