The Citizenship by Investment Unit of the Government of St Lucia has notified all authorized agents that citizens from Iran will no longer be eligible to apply to the country’s Citizenship by Investment Program.
On a memorandum from the CIU dated from August 9th states:
“We have recently been informed by all of the due diligence firms who conduct due diligence checks on behalf of the Citizenship by Investment Program that they are unable to undertake due diligence checks on site in Iran and validate documents issued from Iran. This is applicable for all Iranian citizens residing in and out of Iran.
Furthermore, the sole domestic bank that facilitates banking for the Unit will not facilitate inflows of funds that are coming out of Iran for the Citizenship by Investment Program.
Pursuant to the formerly stated developments, the Unit shall not be accepting citizenship by investment applications from Iranian citizens resident in Iran and elsewhere.
Please be guided accordingly.”
St. Lucia is the first Citizenship by Investment Program to impose a ban on Iranian applicants. Countries such as Antigua & Barbuda and St Kitts & Nevis only receive applications from Iranian citizens under specific criteria.
Despite this ban, Iranian citizens are still welcome to apply in the Citizenship by investment programs from Cyprus, Dominica and Grenada as of today, August 25th of 2018.
Over the past years, Savory & Partners has accompanied and assisted an important number of Iranian families in obtaining their second citizenship and passport through investment in the European Union and the Caribbean. Contact us today for a free consultation and learn about all benefits of a Second Citizenship and Passport.