The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:
Once approved, the real estate project becomes available for qualifying investments from applicants for citizenship by investment.
The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia.
Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required:
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