By Caribbean News Global
RODNEY BAY, St Lucia – The government of Saint Lucia in compliance with its authority and relative to Party E. – Saint Lucia – (cip-memorandum-of-agreement 758 party E) issued an amendment, Citizenship by Investment (CIP) No. 2 regulations to come into force July 1, 2024.
The statutory instrument “conferred under section 40(1) of the Citizenship by Investment Act, Cap. 1.20,” cites the minister to whom the Citizenship by Investment Programme is assigned makes these regulations:”
“Regulation 9 of the principal Regulations is amended by deleting subregulation (2) and by replacing the following:
“The board shall pay two hundred thousand United States dollars from the minimum qualifying investment amounts, in accordance with the amount set out in paragraph 1 of Schedule 2, to the Saint Lucia National Economic Fund.”
Related Links:
CIP legislation
Overview of Citizenship Applications: 2016-2021
Amendment – July 1 2024
1. Investment in the Saint Lucia National Economic Fund
Applicants applying with up to three qualifying dependents, dependent under 18 years of age, New-born child of a citizen who is 12 months of age or below, spouse and, other than a spouse were amended. (pdf below).
2. Investment in an approved real estate project
On approval of an application by means of an investment in an approved real estate project, the following minimum investment is required:
Applicant and any number of qualifying dependents US$ 300,000 plus applicable administration fees” Reference Option 1, 2 and 3 – (pdf below).
Caribbean CBI countries organise towards MOA – July 1, 2024
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