In a notable move towards standardizing Citizenship by Investment (CBI) programs across the Caribbean, leaders from Antigua and Barbuda, Dominica, Grenada, and St Kitts and Nevis convened virtually on Wednesday, March 20, 2024, to sign a Memorandum of Agreement (MOA). However, the absence of a representative from Saint Lucia raises questions about the nation’s position on this initiative.
The MOA, signed by the four Prime Ministers, aims to enhance transparency, accountability, and cooperation within the CBI sector. Key provisions include the establishment of a minimum CBI threshold of USD 200,000, intended to harmonize investment requirements across participating countries.
According to Saint Lucian authorities, the nation’s signature to the understanding will happen in future, “once it becomes possible”, which leaves St Lucia’s citizenship by investment program available at previous price threshold.
Until Saint Lucia signs the MOA, it stands as the leader in offering the most agreeable citizenship by investment program prices and variety when it comes to number of applicants. With investment options still below the USD 200,000 threshold, individuals seeking second citizenship have more flexibility. St Lucia’s National Economic Fund investment option remains highly attractive for both single applicants and applicants with family members included in the application:
- Main applicant only: US$ 100,000
- Main applicant and spouse: US$ 140,000
- Main applicant, spouse, and two dependents: US$ 150,000
For those considering acquiring a second citizenship, Saint Lucia currently offers more leeway compared to other nations. If you are considering your second citizenship in the Caribbean, St Lucia is a great option to take advantage of before the nation also signs the Memorandum of Agreement, potentially altering its citizenship by investment program pricing structure. Contact us today!
