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Mc Namara Crest

McNamara

Citizenship Services

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CIP Investment Options

A qualifying investment under the Citizenship by Investment Programme shall be made in one of the four approved areas:-

Saint Lucia National Economic Fund (The Fund)

Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects.

The Minister for Finance is required each financial year to gain approval from Parliament for allocation of funds for specified purposes. Once an application for citizenship by means of an investment in the Saint Lucia National Economic Fund has been approved, the following minimum investment is required. Where the applicant elects to make the contribution to the Fund to qualify, the contribution requirements are as follows:-

Once an applicant is approved for citizenship under any of the Investment options it is now possible to Add-on applicants for citizenship once the Board is satisfied that the Add-on is :-

  1. A child born, or legally adopted, after the application was made by the citizen;
  2. the spouse of the citizen who  was married after the application was made by the citizen;
  3. An already existing Qualifying Dependant of a citizen will have a maximum of five (5) years after the applications had been made by the citizen to make their application for citizenship.

The cost of the above is as follows :-

  1. New Born Child of a citizen who is twelve months of age or below : US$500.00
  2. Spouse of a citizen : US$35,000.00
  3. Qualifying dependants of a citizen other than a spouse: US$25,000.00

Investment in an approved real estate project (Real Estate)

The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:

  1. High-end branded hotels and resorts
  2. High-end boutique properties

Once approved, the real estate project becomes available for qualifying investments from applicants  for citizenship by investment.

The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia. Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required:

On approval of an application by means of an investment in an approved Real Estate, the minimum investment of US$300,000.00 plus the applicable administrative fee referred to above is required. Before citizenship is granted, the applicant must:-

(a) execute a binding purchase and sale agreement for the investment in the Real Estate; and

(b) ensure that any outstanding balance of the agreed purchase price is placed in an approved irrevocable escrow in Saint Lucia, within 30 days of receiving an approval. The beneficial ownership of the investment through a company established and maintained under the laws of Saint Lucia is allowed. The investment cannot be sold or transferred for a period of at least 5 years after the granting of citizenship.

Investment in an Approved Enterprise Project (an Enterprise)

The Cabinet of Ministers will consider enterprise projects to be included on the approved list for the Citizenship by Investment Programme.

Approved enterprise projects fall into seven (7) broad categories:

  1. Specialty Restaurants
  2. Cruise ports and marinas
  3. Agro-processing plants
  4. Pharmaceutical products
  5. Ports, bridges, roads and highways
  6. Research institutions and facilities
  7. Offshore universities

Once approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment.

Once an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:

Option 1 – A sole applicant.
A minimum investment of  US$3,500,000

Option 2 – More than one applicant (joint venture).
A minimum investment of US$ 6,000,000 with each applicant contributing no less than US$1,000,000

Investment by purchase of non-interest bearing Government Bonds

THE NEW BOND OPTION – THE COVID BOND WHICH IS VALID THROUGH DECEMBER 21ST 2020

On approval of an application by means of an investment in Bonds, the following minimum investment is required :- 

These bonds must be registered and they do not attract interest. The Bond also attracts an administrative fee of $30,000.00 which is payable once the applicant is approved for citizenship.

Please note that the special “covid Bond” does not replace the 5 year non-interest bearing Government Bonds starting at USD$500,000 as a qualifying investment option. This Bond option remains open for investment. This information is available on request.

CIP Bond Prospectus - Zero Coupon Covid Relief BondBond Process
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