Saint Lucia Launches Covid-19 Relief Bond

The government of St. Lucia has introduced a new option into its citizenship by investment portfolio. The Covid-19 Relief Bond was launched on 12th May and will run until 31st December 2020.

Applicants can now invest from $250,000 for a single applicant or $300,000 for a family of four. The bonds, which are at 0% interest need to be held for five years. Further government fees and due diligence fees apply.

With the return of capital after 5 years the bonds will have a lower total outlay than the existing $100,000 donation. Applicants need to consider of course that their capital is tied up with zero return for that time period. Current bonds in St. Lucia are issued between 1% and 3% and historic bonds between 5% and 7%.

Further changes were announced with fees for the real estate option being reduced.

Contact our consultants for a full quotation of options in St. Lucia.

***UPDATE***
On 13th October 2022, St Lucia’s Citizenship by Investment Unit released an official memo stating that the Covid-19 Relief Bond programme will expire as of 31st December 2022, and will not be extended again. Act quickly to meet this deadline.