St Lucia Citizenship By Investment Program Sees a Significant Growth in 2023-2024: CBI Applications Increase by 424%

Saint Lucia, a beautiful island country in the eastern Caribbean Sea, is the second largest island of the Windward Islands group of Lesser Antilles. The tropical environment, white sand beaches with clear waters for snorkeling, scuba diving and other activities make the country a true paradise for visitors. In recent times, St Lucia citizenship by investment program got an overwhelming response from wealthy individuals seeking a second citizenship as a Plan B. This high growth of investments can be clearly seen from the St Lucia CBI statistics 2023-2024, which shows that the applications for the St Lucia CBI program have increased by  a massive 424%.

What is the St Lucia Citizenship By Investment Program?

St Lucia, located in the northwest of Barbados and south of Martinique, is especially popular among tourists because of its unrealistically beautiful beaches and two mountainous volcanic twin peaks named Petit Piton and Gros Piton. These beautiful landscapes of St Lucia make everyone want to invest in its citizenship by investment program. Although the St Lucia CBI program itself provides its investors with a lot of benefits

Benefits of St Lucia CBI Program

• The investors of St Lucia citizenship by investment program can travel visa free to more than 145 countries, which gives a sense of global mobility to investors, especially entrepreneurs and businessmen, because they can explore the markets of different countries and expand their businesses there. 

• In 2025, the St Lucia passport was considered the 29th most powerful passport in the world, which allows its citizens to visit freely in 29 Schengen states, including popular destinations like the UK, Turkey, Hong Kong, Singapore, and others. 

• St Lucia CBI applicants can include their dependent family members including spouse, children under 31, parents and grandparents aged 55 and above and dependent siblings under 18. This allows them to live in a beautiful place with their family.

St Lucia Citizenship Investment Options

The diverse investment options make St Lucia CBI program unique and make it easy for investors to choose the relevant investment stream.

• St Lucia citizenship by donation is the most in demand option due to its affordability. By contributing just $240,000 to fund government approved development projects, i.e. National Economic Fund. 
• Economic contribution of $250,000 to an approved Enterprise Project also qualifies an investor for St Lucia citizenship.

• Real Estate is a lucrative investment option for Saint Lucia CBI program that requires $300,000 or more. Real estate investment is not only a pathway to St Lucia passport but also open doors to rental income and Capital gain,

• Individuals can also invest a minimum amount of $300,000 in non-interest-bearing government bonds, which is the most profitable option for them to secure a second citizenship.

Record Breaking Growth in 2023-2024

As per the official report by the government of Saint Lucia, the St Lucia citizenship by investment program observed a remarkable growth. The record-breaking surge in St Lucia CBI applications proved that the program is unmatched and is gaining the interest of investors seeking a Plan B for global mobility and business expansion. According to St Lucia citizenship by investment statistics, the applications have increased by 424% as compared to the previous years. 

St Lucia Citizenship Applications Received

From 2022 to 2023, the rise in applications was outstanding as the applications received by the St Lucia citizenship by investment units during these years were 1,076. However, this number increased by almost 4 times from 2023 to 2024 as 5,642 people applied for St Lucia citizenship by investment program. The results claim that a large number of people started taking an interest in this Caribbean citizenship by investment program during the third decade of the 21st century.

St Lucia Citizenship Applications Granted

Although the number of applications received was record breaking, when we consider the number of applications that were granted to the CBI investors, it is comparatively low. Around 544 investors were granted second citizenship during 2022-2023, and this number doubled in 2024 as 1,171 investors secured citizenship during the past year.  

Applications Denied

Although the St Lucia CBI program received record breaking applications, the portion of denied applications for citizenship were comparatively low. The tally of denied citizenship was 77 and that isn’t a big concern. 

Citizenship Program Revenue Increased by 296%

As the remarkable growth shown by the St Lucia CBI annual report, the revenue also grew by a staggering 296%. As per contents of immigration by investment report for 2023-24, the government of St Lucia earned EC$240.3M, which is 296% more than the revenue earned during the previous financial year. With a $89.9 million surplus revenue, the interest in donation declined as investors prefer real estate investment.

Increase in Due Diligence Fee and Admin Fee

The reasons behind the outstanding growth in revenue were the due diligence fees of EC$133.1M paid by a large number of people who applied for the St Lucia CBI program in 2024 and the administrative fees of EC$ 88M which is also a very large amount because majority of the people secured St Lucia second citizenship by investing in real estate. 

The reason behind this increasing rate of investment in St Lucia real estate is its stable economy and very low prices of property as compared to prices in other popular Caribbean countries. This convinces many investors to buy real estate here and benefit from the global opportunities St Lucia offers. 

Growth in Tourism and Real Estate Investment

According to the Central Statistical Office of St Lucia, the reports claimed over 380,791 stay-over arrivals in St Lucia in 2023, which shows that the St Lucia CBI program attracted a lot of investors, especially tourists. However, very few people secured St Lucia citizenship by donating to the government-approved National Economic Fund (NEF) as compared to the previous years. The percentage of amount earned by donation dropped by 60% or EC$7.6M less in the past two years. This shows that most people prefer investment in real estate rather than donation for securing St Lucia second citizenship, as it has become the most convenient option for them.  

Cash Reserve and Assets Growth

St Lucia’s government has earned a significant amount from the St Lucia citizenship by investment program in the past few years. The exceptional success of the program can be clearly seen from the data shown by St Lucia CBI statistics, which claims that the cash reserve has increased significantly from the previous years. The country has saved an amount of EC$65.8M from the investments in the St Lucia CBI program. This large amount is highly strengthening the financial stability of the country, helping the government manage financial risks.

The total assets have also increased a lot over the past years. The wealth and resources of the country have increased by an amount of EC$78M from 2023 to 2024, showing outstanding growth in total assets of St Lucia. Hence, a large number of people investing in St Lucia citizenship by investment program has helped a lot in the financial expansion of the country.