Real Estate Investment through one of the Government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land.
About the Program
For the real estate route, applicants must invest in a government-approved real estate development for a minimum of $300,000, plus fees. The investment must be held for a minimum holding period of five years, after which it may be liquidated.
The application process should take no longer than four months from submission of the application to issuance of the certificate of citizenship, assuming there are no areas of concern with the application. Where, in exceptional cases, it is expected that the processing time will be longer than three months, GR Services will inform the applicant of the reason for the anticipated delay.
All requisite supporting documents must be attached to an application before it can be processed by the CIU. All applications must be accompanied by the relevant nonrefundable processing and due diligence fees for the principal applicant, their spouse, and each qualifying dependent. Where an application has been approved in principle, the CIU will notify GR Services that the qualifying funds and requisite government administration fees must be paid before the certificate of citizenship can be granted.
The main applicant must remit the required funds for the qualifying option within 90 calendar days after notice of approval of their application. A successful applicant shall sign the oath or affirmation of allegiance before an attorney-at-law, notary royal, or notary public. The minister may, by order, revoke a grant of citizenship in exceptional circumstances as may be deemed necessary.
Description
Real estate investment is one of the most popular options for those who want to get Saint Lucia’s citizenship. Invest in commercial real estate with a yield of 2-5% per annum. Starting investment — from $300,000.
After five years, the property may be sold, allowing you to release your capital without affecting your citizenship.
Tthe following government administration fees will also apply:
Main applicant — USD 30,000
Main applicant with spouse — USD 45,000
Each dependent aged 18 and over — USD 10,000
Each dependent 17 and older — USD 5,000
Each subsequent family member after sixth — USD 10,000
Real Estate
USD $300,000
3-6 mo.
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