This February Saint Lucia introduced new Infrastructure Option (within Enterprise Project category) option for its CIP to work more on country’s infrastructure. But what does it that mean for the applicant who wants to obtain Saint Lucia citizenship by investment?
Literally it is only an option in process that aims to attract developers who would be able to get additional investments via “ Citizenship by Investment program”.
Note that from the start Enterprise Project option of Saint Lucia’s CIP was about Business projects in total with minimum investment $ 3,500,000. That obviously was not really competitive to other options. And now investor may choose this option with $100,000 minimum investment for applicant alone or $150,000 minimum investment for applicant and up to 3 qualifying dependents. But only after there would be at least one authorized project.
From now on developers from certain fields of business activities are able to pass authorization process and get additional money to put in projects. So, Saint Lucia citizenship by investment Program is open to receiving proposals for investment into the following:
- Speciality restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports, bridges, roads and highways (Infrastructure)
- Research institutions and facilities
- Offshore universities
- Housing projects
- Social development projects
- Investment services
