March 11, 2020 - The St. Lucia Citizenship by Investment Program enjoyed a good year in 2019 after becoming the latest to enter the highly-competitive market in the Caribbean region. The program saw a 12 percent increase in approvals along with a 120 percent jump in total investments in 2018-19 compared to the previous year.
Fragomen Singapore Pte. Ltd.
For high net worth individuals looking for an economic citizenship solution to facilitate ease of travel, Saint Lucia's Citizenship by Investment Programme is an now open to applications.
In January 2016, St. Lucia became yet another Caribbean nation offering economic citizenship to wealthy international applicants. The country must carefully ensure mitigation of security risks and pursue a holistic due diligence strategy to help realize the benefits of a long term economic citizenship program.
On January 1, 2016, St Lucia will begin offering citizenship through investment to wealthy investors. It will become the fifth Caribbean country to promote a citizenship by investment program.