CIP Saint Lucia invited prospective CBI applicants to invest in Government bonds under the citizenship by investment program. Currently St Lucia offers four routes for investment citizenship, one of which is buying government debt through bonds.
While donation option remains the most popular route with $100,000, the government bond option repays full $500,000 paid after five years without interest. The deposit is guaranteed by the Government of St Lucia.
The Debt management unit of the Ministry of Finance, St Lucia is responsible for issuing debt instruments. Recently the government issued bonds and bills.
Country | Auction | Interest | |
6-Year Treasury Bonds |
Saint Lucia | 01-March-19 | 6.250% |
The Government of St Lucia also will be issuing treasury bills words ECD 20 million through bank of St Lucia on 26/May
A Treasury bill (T-Bill) is a short-term government debt issued in denominations ranging from $1,000 to $1,000,000. Treasury bills do not pay interest, but are sold at a discount and mature at par (100% of face value). Treasury bonds are long-term investments that have maturities of 10 to 30 years from their issue date.
ISSUER | SECURITY TYPE | DATE | TENOR | ISSUE SIZE | MAX RATE | PROSPECTUS |
Government of Saint Lucia | Treasury Note | 26.05.2019 | 2 years | EC$20.0M | 4.50% (fixed) | N/A |
With Cyprus scrapping the issue of government bonds in exchange for citizenship from 15th May, St Lucia and Turkey are the only CBI countries that offers full citizenship through government securities or bonds.
CBI | Government bonds/securities |
Malta | Partial – (Donation EUR 650,000 + EUR 150,000 Bonds under IIP) |
Cyprus | Not Available from 15th May 2019 |
St Kitts and Nevis | No |
Dominica | No |
Grenada | No |
St Lucia | Yes (USD 500,000) |
Vanuatu | No |
Turkey | Yes (USD 500,000) |
Vanuatu | No |
St Lucia since the launch of the scheme approved citizenship to 350 applicants for investment. St Lucia CIP remains popular among Chinese, Lebanese and also US citizens. St Lucia received $37.3 million surplus from the CIP donation receipts as of 2019.