St Lucia Citizenship By Investment Program Changes 2020
In an effort to counter reduced demand for the St Lucia CIP in 2020, the Government of St Lucia has recently enacted some significant legislative changes to the program, in the form of Amendment Act 4 of 2020. In the main, the key legislative changes relate to the definition of eligible qualifying dependents. Find out more about the definition changes, or contact us now for more information on the St Lucia Economic Citizenship in 2020.
The St Lucia Citizenship Program: What’s Changed in 2020?
1. The maximum age for dependent children of the primary applicant or their spouse has been raised from 18 to 21 years. There is also no longer a requirement for proof that the child is a full time student.
2. For financially dependent children over 21, the maximum age limit has been raised from 25 to 30 years, however the child must still be fully financially dependent on the primary applicant.
3. The minimum age requirement for the parents of the primary applicant or their spouse has been lowered from 65+ to 55+ years. The parent(s) must be full supported by the primary citizenship applicant.
4. An unmarried sibling of the primary applicant can now be eligible as well, provided that they’re under the age of 18, and have parental consent for the application.
It is expected that the most recent program changes and enhancements will raise he St Lucia Passport Program’s appeal among foreign investors seeking to secure a Plan B in the Caribbean.
To find out more about the St Lucia Investment Citizenship and how you and your family can benefit, contact us now.
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