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New St Lucia Citizenship by Investment Option for 2024
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Thursday, February 1, 2024, saw RIF Trust receive an Official Memorandum. It came from the Citizenship by Investment Unit, 5th Floor, Francis Compton Building, Waterfront, Castries, St Lucia, West Indies, LC04 301. The main thrust of this official memo introduces a new St Lucia Citizenship Investment Option for 2024.
New St Lucia Citizenship Investment Option
This Official Memorandum’s subject line is “INTRODUCTION OF NEW APPLICATION FORMS & INVESTMENT OPTION”. The new application forms development results in the number of forms reducing from 8 to 5.
In effect, the new St Lucia CBI Option is an addition to the existing Enterprise Project Investment Option. It’s titled as the “Infrastructure Option”.
The St Lucia CIU has increased the number of development projects you can invest $100,000 in as a solo applicant and $150,000 for a family of four or less. They now number the following:
- Specialist 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
This official memo is signed by St Lucia CIU CEO, Mc Claude Emmanuel.
The View from RIF Trust
Chris Willis is our Caribbean Managing Partner. He has an insider’s insight on the St Lucia CBI Programme. That stems from Latitude Group, RIF Trust’s parent company, being a Marketing Agent and Global Promoter, as endorsed by St Lucia’s CIU.
“This new option makes St Lucia CBI even more appealing ,” notes Willis. “By diversifying the range of available investments, the CIU widens the reach of interested investors.”
How to Become a St Lucia Citizen in 2024
Does this new St Lucia CBI option interest you as an investor looking for a second citizenship in the coveted Caribbean? Congratulations, you’re in the right place as RIF Trust are Caribbean citizenship specialists, with Latitude Caribbean an integral member of our Group. So, don’t delay and contact us today.