The Government of Saint Lucia (GOSL) has published new annual report for 2024/25 revealing revenues and applications processed for citizenship by investment program.
The Annual report reveals 2024/25, the Unit processed a record number of 2,633 applications, including denials. This level of activity supported revenue of EC$402.2M and resulted in a surplus of EC$145.5M.
The Citizenship by Investment Unit recorded EC$402.2 million in revenue, a 67% increase from the prior year. The Unit also achieved a surplus of EC$145.5 million, reflecting strong market
engagement and an effective governance framework. These results demonstrate continued confidence in Saint Lucia’s programme at a time when global investment migration is undergoing heightened scrutiny and rapid shifts in regulatory expectations.
- Cash and cash equivalents at the end of the period stood at EC$261M, demonstrating the Programme’s financial stability.
- Due diligence revenue totalled EC$200M, supported by increased application volume and comprehensive vetting work by our teams and partners.
- The contributions to the National Economic Fund grew by 131 percent. Programme costs reached EC$244.2M
The Government said in the report, EC$86 million was transferred to the Government of Saint Lucia during the fiscal year, supporting development initiatives that directly enhance the lives of our citizens. This reflects the CIP’s critical role in the national development agenda and highlights the importance of continued strategic stewardship.
The Programme continued to rely on the cooperation of international due diligence firms, the Financial Intelligence Authority, local and regional law enforcement and our banking partners. Together, these partnerships ensured that every application received full and independent assessment before being reviewed by the Board of Directors, said CEO of CIP Unit..
