Saint Lucia announces new “Infrastructure Option” for CBI, streamlines application process

Article By Uglobal Staff

By Moustafa Daly

In a recent circular to industry professionals, the Saint Lucia citizenship by investment (CBI) unit announced introducing the new “Infrastructure Option,” available to investors starting February 5, 2024.

The new option, which requires a minimum of $100,000 investment per main applicant, and $150,000 for a family of up to four, falls under the existing Enterprise Project Investment route.

Before this announcement, the minimum investment amount for the Enterprise Project Investment route was set at $3.5 million - making it the most expensive and least utilized CBI route - so the move could be viewed as an attempt to make this route more viable and affordable to foreigners.

The option complements the existing routes, namely a $100,000 contribution to the National Economic Fund, which is the most popular and straightforward route; the $300,000 bond investment option that was introduced in 2023; or a $200,000 real estate investment.

The newly introduced option may prove attractive as it is an investment, as opposed to a non-refundable contribution, which is the case with the National Economic Fund route.

To utilize the option, foreigners will need to invest the amount in an approved project in a varied number of industries including specialty restaurants, cruise ports, agro-processing plants, bridges, research institutions, and housing projects, among others.

Streamlining application for Saint Lucia CIP

Also announced in the same circular is an easing of the application process for the Saint Lucia citizenship by investment program (CIP). 

The number of forms applicants need to fill is now reduced to five, down from eight, with the stated aim to streamline the process for applicants and authorized agents while reducing redundancies and increasing data-collection efficiency.

The new application process and forms are available starting February 5, 2024.

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Uglobal Staff
Uglobal Staff, along with its peer-reviewed magazines and conferences series, focuses on the global investment immigration market, offering the latest trends and analyses. is a media platform built to provide professionals involved with global programs with the most comprehensive and credible sources of information in digital, print and seminar mediums. The platform was created out of the need for marketplace transparency and to more efficiently connect individuals interested in learning about the global programs - either as a potential capital source or as a solution for their immigration needs. The Uglobal publication collaborates with a network of leading experts and an authoritative board of advisors to uphold a high standard in all content delivered and events hosted by the organization.

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