Saint Lucia’s Citizenship by Investment Unit announced this week that they will be closing the Covid-19 Relief Bond Programme on 31st December 2022 and there will be no further extensions of this programme. 

Originally launched in May 2020, the introduction of the Covid-19 Relief Bond helped the Island safeguard the nation from the financial impact the pandemic was about to create. Initially, the programme was set to run for just one year but due to its success and popularity, the Limited Time Offer was extended for a further two years. 

This Citizenship by Investment route requires single applicants to invest a minimum of $250,000, or $300,000, plus fees, for a family of four. The bonds, which are at 0% interest have a mandatory five-year holding period and can be liquidated following this. Whilst the initial outlay of this Citizenship by Investment option is higher than Saint Lucia’s Citizenship by Donation route, the main attraction for many is that this route is fully refundable and investors will later be able to recoup their funds, minus fees.

With the December deadline looming, investors will need to act promptly to meet the expiry date. Please consider it takes most investors an average of 4-6 weeks to gather their documentation prior to submission of their application, leaving limited time to initiate the process. La Vida’s consultants will assist you with the entire application and our in-house processing team will ensure your application is processed seamlessly and promptly. Saint Lucia’s citizenship by investment programme can also be applied for remotely as there is no need to travel to St Lucia. A St Lucia Passport also grants visa-free access to 157 countries worldwide.

For more details and a full quotation, please contact our experts.

Tags: caribbean, citizenship by investment 2022, st lucia

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