caribbean , cbi , cip , citizenship-by-investment , ciu , dependents , policy-updates , saint-lucia

Saint Lucia CIU Publishes Prices For “Add-On” Dependents

May 14, 2019

When Saint Lucia’s CIU last week announced it would begin to accept the inclusion of dependents in already approved citizenship by investment applications for a period of up to five years following the CIP-approval, investment migration advisories welcomed the news but asked: “at what cost?”.

Read last week’s memorandum here.

Only today, eight days later, has the CIU published its pricing for what they’re calling “add-on” dependents.

In today’s circular, the CIU details the following price structure for add-on dependents:

  • Each dependent over the age of 16 is subject to a US$5,000 due diligence fee
  • Each dependent, regardless of age, is subject to a non-refundable processing fee of US$1,000
  • In addition to the above, the post-hoc addition of a dependent will require a further contribution (the CIU calls it an investment) to the Saint Lucia National Economic Fund of US$35,000 for a spouse and US$25,000 for each dependent other than a spouse.

Read today’s full circular here.

Following an inaugural year characterized by fits and starts, the Saint Lucia Citizenship by Investment Programme saw its application volume grow by a factor of ten during the 2017-18 fiscal year.

For more on Saint Lucia’s CIP, visit its Program Page.

Want to know more about the this program?
See statistics, news, FAQs, approved developments, agents, and more, on the Program Pages.

Hundreds of companies can help you apply for RCBI programs.

See which ones in the RCBI-Company Directory.

Our readers are the best-informed professionals in the investment migration industry.
Once a week, we’ll send you a curated newsletter with the week’s top stories.

Want updates every day?
Be the first in your company to know about breaking investment migration news; Get the most important stories delivered.

The post Saint Lucia CIU Publishes Prices For “Add-On” Dependents appeared first on Investment Migration Insider.