Extension of COVID-19 Relief Bond Option

The Cabinet of Ministers of  Saint Lucia has approved the extension of the offering of “The Special COVID-19 Relief Bond” beyond 31st December, 2020 for one (1) more year until 31st December, 2021.

The amendments to the requisite regulations to allow for the extension shall be done shortly and once implemented, the CIP Unit shall be receiving applications for the Special COVID-19 Relief Bond in 2021.

The applicant fees and commission structure for the Special COVID-19 Relief Bond shall continue as presently exists.

COVID-19 Relief Bond

The creation of this special COVID-19 Relief Bond starting at USD 250,000 is a non-interest-bearing government bond to which no processing fee is payable by the applicant. The bond must be registered and remain in the name of the applicant from the date of first issue.

An administrative fee of US $30,000 is payable by the applicant once the application for citizenship has been granted. Thereafter the qualifying investment sum for this special bond option is payable as follows:

Sole applicant (five-year holding bond):  US$250,000

Applicant applying with 1 qualifying dependent (six-year holding bond): US$250,000

Applicant applying with up to 4 qualifying dependents (seven-year holding bond): US$250,000

Applicant applying with up to 4 qualifying dependents (five-year holding bond): US$300,000

Each additional qualifying dependent, along with an applicant applying with up to 4 qualifying dependents: US$15,000