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How will the changes in St. Lucia’s minimum investment amounts affect past applicants?

I applied for the St. Lucia CBI program two years ago on the basis of a $300k investment, and now seeing the news that it’s going to be reduced, can I benefit from this reduction or is it only for newcomers? I’m kind of frustrated at this because I could have saved $100K had I known this was the plan.


Answers
  • Clarion Law / Zevio Inc
    January 08, 2023

    From time to time, all countries introduce changes to their Citizenship by Investment Programs in response to market demands and other factors. With effect from January 1, 2023, the Saint Lucia CIP Programme has introduced improvements to 2 of its 4 investment options - (1) A reduction in the minimum real estate qualifying investment option sum from US$300,000.00 to US$200,000.00. (2) The introduction of a new bond offer (named the National Action Bond) at the investment sum of US$300,000.00 for the main applicant with *any* number of dependents for a holding period of 5 years. These changes are not retroactive to affect past applicants.