Kronenburg Estates S.L.

Citizenship Investment Programme.

When opting to be a citizen of Saint Lucia, you must be aware that we are not just offering citizenship but we are offering an identity, a people and our place in the world. We are a special and extraordinary island. We are the owners of a unique patrimony. It is one thing to have a beautiful country, beautiful topography but it is really the people that inhabit that land that makes the vital difference. Saint Lucia’s motto captures all of our combined treasures - the land, the people, the light.

Investment Options

A qualifying investment under the Citizenship by Investment Programme shall satisfy at least a minimum investment in one of the four approved areas. Discuss with an authorized agent what best suits your needs.

Saint Lucia National Economic 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:

• Applicant applying alone: US$100,000
• Applicant applying with spouse: US$165,000
• Applicant applying with spouse and up to two (2) other qualifying dependants: US$190,000
• Each additional qualifying dependant, of any age: US$25,000

Real Estate Projects

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:

• High-end branded hotels and resorts
• 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:

• Main Applicant: US$300,000

Enterprise Projects

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

Government Bonds

Citizenship by investment may be made through the purchase of non-interest-bearing Government bonds. These bonds must be registered and remain in the name of the applicant for a five (5) year holding period from the date of first issue and not attract a rate of interest.

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

• Applicant applying alone: US$500,000
• Applicant applying with spouse: US$535,000
• Applicant applying with spouse and up to two (2) other qualifying dependants: US$550,000
• Each additional qualifying dependant: US$25,000

Guidelines for the Purchase of Government Bonds

Contact us

If you are seeking more information on Immigration and your eligibility or wish to validate information provided by our partners or other advisors, please use this assessment to get in touch with us.

Within 72 hours we will be more than happy to evaluate your potential, answer all your questions, clarify all points of interest, and provide you with valuable recommendations, without any obligations on your part.

At '.Kronenburg .' we value privacy. No information will be shared with third parties under any circumstances.

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