All foreign investors and families qualify for St lucia citizenship under real estate investment scheme, which requires a minimum USD 200,000 purchase of approved property (full or limited share in approved hotel or resort) in St Lucia in Hotels, Resorts, Luxury home in Saint Lucia. Property buyers have to bear additional fees such as property registration fee, citizenship processing fee, due diligence fee etc. Holiday properties with full title costs USD 500,000 to USD 1.5 million onwards.
Approved Real Estate Projects
The following real estate projects approved by St Lucia government under economic citizenship by investment (CIP) programme
- Canelles Resort
- Alpina St Lucia Hotel
The Canelles resort
The Saint Lucia Canelles Resort Real Estate Investment, a project with Caribbean GALAXY Real Estate Ltd. The Saint Lucia Canelles Resort is a luxury resort developed by the Galaxy Group, managed by AMResorts, a subsidiary of Apple Leisure Group.
This Resort has two brands, Dreams and Zoetry, plus Canelles Oceanfront Apartments, which offer a high level of luxury for couples and couples with children in ideal beachfront settings. With spacious rooms and suites, graciously appointed and luxuriously equipped, it will provide a picture-perfect vacation experience with welcoming service and romantic inclusions.
The Saint Lucia Canelles Resort will quickly transform into a key destination point for both leisure and investment opportunities.
The applicant is required to execute a binding purchase and sales agreement for an investment of a minimum US $ 300,000 in the already Government Approved Canelles Resort Saint Lucia Real Estate Project.
The Alpina St Lucia Hotel
The Alpina Saint Lucia Hotel along with Alpina Square are Government Approved Real Estate projects under the Citizenship by Investment programme of Saint Lucia. Both projects form part of the “Equine Lagoon” under Site A of the PEARL OF THE CARIBBEAN Integrated Resort Development which include an international-standard Thoroughbred horse racing track already in operation and is managed by the Royal Saint Lucia Turf Club.
Both projects are located in the southern part of the island at approx. 5 minutes from the Hewanorra International Airport which is currently undergoing a major re-development. The proximity of the projects to the Hewanorra International Airport and easy access to main tourist attractions along the pristine Caribbean Sea on the western coastline such as the Pitons – Saint Lucia’s UNESCO World Heritage Site, the historic town of Soufrière, the Soufriere Sulphur Springs, the Diamond Falls and Botanical Gardens, etc. which are all approx. 30km away, places them at an advantageous location.
Adjacent to one another, The Alpina Saint Lucia Hotel will be managed by the Alpina Management AG, the management company of The Alpina Mountain Resort & Spa in Tschiertschen, Switzerland. The Alpina Saint Lucia Hotel will also comprise an education institution in partnership with internationally renowned Universities. Alpina Square on the other hand will be managed by The Alpina Saint Lucia Hotel and it houses premium commercial and retail spaces.
Steps to acquire citizenship through property investment
Step 1. Sign initial reservation form and pay initial deposit 10% of the real estate price to the developer.
Step 2: Initial application and required documents for citizenship through agent. You also have to pay due diligence fees ($7500). Investor will execute sale of purchase agreement.
Step 3: After 2-3 months, approval letter is given by Government and within 7 days you are required to pay the balance for real estate and government fees.
Step 4: The proof of ownership is handed over to Government and within 3-4 weeks you will be issued “citizenship certificate”.
Step 5: Using “certificate of citizenship” apply for St Lucia passport which takes about 1 week, which is usually handled by authorized agent.