Monday, December 23, 2024

Saint Lucia makes sweeping changes to CIP legislation

The Government of Saint Lucia has announced important changes and price cuts for the citizenship by investment program to attract more foreign investment into the country. The Government has introduced Covid-19 govt bonds option and also reduced prices for applicants applying as family for National economic fund option

The Covid-19 Government bonds  only available as limited offer for USD 250,000 until end of Dec 2020, processing fee is waived but there will be $30,000 administration fee. The Limited time offer does not replace USD 500,000 government bond option.

For real estate projects, the administrative fee is waived for families with children under 18 if they are admitted into the educational institution.

See below the latest prices published by CIP Saint Lucia.

The new changes to pricing apply from May 12, 2020

 

Saint Lucia

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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