Saint Lucia: The Citizenship by Investment Programme of Saint Lucia was launched in 2016, and this programme is the topmost CBI programme in the Caribbean region. The demand for this programme is very high in the country, especially among high-net-worth individuals (HNWIs).
The newly elected government is now seeking to utilize the funds to develop more advanced public infrastructure and uplift people’s standard of living.
Saint Lucia CBI Programme is the newest in the industry, but still, it offers an advanced, secure and transparent programme.
Saint Lucia is more into foreign direct investments, which are coming into the country with its prestigious CIP Programme; the administration is also preparing a roadmap so that they can construct and uplift schools, roads, health care, and other public infrastructure through the funds generated by the CBI Programme.
There is no doubt that due to the COVID-19 pandemic, many things vanished in the world, and with that, almost every country realized the need for advanced, robust health infrastructure.
Similarly, Saint Lucia is also focusing on developing new health care centres and hospitals equipped with modern amenities to help mitigate the threats of any forthcoming health calamities.
The modernized health structure will eventually uplift the country as a whole and provide quality healthcare at affordable costs.
Recently, the Ministry of Health, Wellness and Elderly Affairs donated a haematology analyzer and immunoassay analyzer at St Jude Hospital. These will strengthen the delivery of diagnostic testing in the coastal town of Vieux Fort. The advanced developments in the health sector are being done through the funds generated by the Citizenship by Investment Programme (CIP).
Mc Claude Emmanuel, Head of the Citizenship by Investment Programme Unit, outlined that the government of Saint Lucia and the CIP Unit is collectively working to strongly restructure the programme, and build a stronger Saint Lucia using the CIP. He said that the nation would soon witness the construction and rehabilitation of housing units, schools and hospitals to upgrade the infrastructure of the country.
Emmanuel said the administration is working wisely to uplift the country and doing exemplary work, taking forward Saint Lucia to sustainable development. The government has been working with a new vision and will expectedly turn the dream of excellent Saint Lucia into reality.
Furthermore, he highlighted as recently appointed Head of the CIP Unit, his primary focus is on robust, stringent and scrutinized due-diligence procedures so that only honest and credible investors can attain the alternative citizenship of Saint Lucia country. Mc Emmanuel explained that the application of each investor undergoes a strict procedure, and each application is checked by an independent international third party firm as well as CIP Unit to cross-check that any false investor or applicant doesn’t become a citizen.
The CIP Unit Head assured that the new policies, agendas and programmes are being adopted to make the Citizenship by Investment Programme of Saint Lucia the world’s number one.
Saint Lucia Citizenship by Investment Programme:
Saint Lucia’s Citizenship by Investment Programme (CIP) is the newest citizenship by investment programme in the Caribbean region. Launched in the year 2016, the CIP of Saint Lucia is aiming to establish itself among the best programmes in the world. It ranked fourth as it performed exceptionally well in the CBI Index 2021, published by the PWM Magazine of The Financial Times. Saint Lucia’s programme secured a solid ten in three pillars of excellence out of nine. The programme is counted as credible because of its transparency, providing investors with information on how their funds are used. The CIP unit and third-party firms specifically monitor that the transparency is not disturbed.
Saint Lucia has been catching the eyes of investors as the world is dealing with countless uncertainties, and businessmen are searching for a safe, stable and peaceful destination to expand and explore their business internationally. The investor(s) can apply for the alternative citizenship of Saint Lucia with the help of the National Economic Fund Investment, popularly known as the Fund Option.
The National Economic Fund Investment Option: The Fund Option of Saint Lucia helps in the growth and development of the infrastructure of the country. It also contributes to the socio-economic upliftment of the country. The minimum investment under the investment option starts from USD 100,000. An investor can add additional dependants under a single application.
Citizenship by Investment Programme offers benefits such as:
- Makes an individual a global citizen.
- Contributes to portfolio diversification and wealth planning.
- Provides citizenship for the whole life, which can be passed on to future generations.
- Helps in expanding business overseas.
- Gives the investor an opportunity to spend the rest of their life in a peaceful and safe environment.
The investor(s) can apply for the alternative citizenship with the following steps:
Step 1: The application for the applicants is completed.
Step 2: The application is uploaded to the CIP Portal.
Step 3: The documents and applications are verified by the CIP Unit.
Step 4: The unit and third party perform due-diligence checks.
Step 4: The decision on the selection or rejection of the application is taken by the Board.
Step 5: The certification of the application takes place.
Saint Lucia can be a choice for the investor because it is known as the Caribbean’s largest economy, which will help an investor in expanding the business and portfolio diversification. An individual can flourish in business as it gets an opportunity to travel to around 75 percent of the world hassle-free. In addition to this, the CIP of Saint Lucia provides a favourable tax regime and also offers a wide range of sectors to invest in for each and every investor.
However, the country is most-talked among the people who love to live a luxurious life in a tranquil environment. Saint Lucia is well-known for opulent resorts and hotels. The nation is one of the perfect choices for people celebrating their honeymoons, anniversaries, weddings, and other milestones are the variety of Saint Lucia restaurants. The professional chefs pull inspiration from the sea and the country’s creole heritage to create amazing dishes that wow diners. One can expect a meal and wine to be paired perfectly with a decadent dessert at the end. The meals one enjoys at Saint Lucia restaurants will stay in mind for years to come.
Saint Lucia is a quintessential island paradise of the Caribbean Region. Its majestic peaks are reaching the heavens, and the splendour of lush green rainforests and the hypnotizing blue waters of the Caribbean Sea provide a mesmerizing reason to visit this beautiful country. It is on the bucket list of travel enthusiasts because its landscape, people, customs, and cuisine intertwine, offering the perfect setting for vacations.
Saint Lucia’s history is rich as well as vibrant. With the mixture of cultures, its people have a deeply held sense of cultural identity that they vigorously celebrate to this day.
The country is home to fun and adventure. The tourists can enjoy reclining on the sandy white beaches, ziplining through lush rainforests, soaking in the volcanic mud baths of Soufrière, indulging in authentic island food, club-hopping on the Rodney Bay strip, and riding ATVs through the countryside. Envision exploring abandoned sugar plantations, snorkelling in crystal clear waters, chasing brightly coloured fish in the shadow of the Pitons, or experiencing a live sea turtle hatching in the last light of dusk.
