Initially, the applicants were required to have a minimum net worth of USD 3,000,000 and make an investment of a minimum of USD 200,000. After realizing that their programme was overpriced compared to their neighbours, in January 2017, the government removed the net worth requirement and halved the qualifying investment option. This placed the programme next to the cheapest economic citizenship in the Caribbean for a single applicant, Dominica, for a donation of only USD 100,000.
In December 2015, St. Lucia joined it’s neighbouring islands and launched its own Citizenship by Investment Programme, in order to give its economy the boost that it desperately needed. Although nearly one million people visit the island annually, it is not enough to raise the country’s GDP and employment rate, which is why the programme is crucial for St. Lucia.