Castries, Saint Lucia: Mc Claude Emmanuel- CEO of Citizenship by Investment Unit (CIP) of Saint Lucia, is doing exemplary work to make the programme more effective for the investors.
Launched in 2016, the Citizenship by Investment Programme (CIP) of Saint Lucia is one of the top performers in the Caribbean region. Under Emmnauel’s guidance, the demand for the programme skyrocketed amongst high net-worth individuals (HNWIs).
Despite being the newest Caribbean programme in this industry, Saint Lucia offers an advanced, secure and transparent programme. The country’s Citizenship by Investment Unit is committed to making the programme a worthwhile investment option to consider.
The Saint Lucia CIP unit continues to evolve and adapt to meet the needs of the modern world and is now one of the most popular CBI programmes in the world. It has emerged as the perfect choice for investors who do not want to be bound by border limitations and looking for ideal business opportunities.
Under the leadership of Mc Claude Emmanuel, the Citizenship by Investment Programme of Saint Lucia has been moving ahead with plans to position itself as a notable alternative to global investors in the investment mobility industry. As the world is dealing with uncertainty, entrepreneurs have been looking for stable, safe as well as peaceful destinations in which to move or start their businesses. Economic citizenship is the right choice for them. Investors can protect and grow their wealth by investing in alternative citizenship, which helps in portfolio diversification as well as wealth planning.
The primary focus of the CIP Head is to carry out robust, stringent and scrutinised due-diligence procedures to ensure that only honest and credible investors attain alternative citizenship of Saint Lucia. Emmanuel also explained that applications from each investor are subject to strict procedures and due diligence checks, with each application being checked by an independent international third-party firm as well as the CIP Unit in order to cross-check that investors or applicants are of the highest calibre.
The CIP Unit Head assured that new policies, agendas and programmes are continually being adopted to make Saint Lucia’s Citizenship by Investment Programme the world’s number one.
In order to remain increasingly competitive and attract the HNWIs, Citizenship by Investment Unit of Saint Lucia has amended the regulations of its programme. It made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.
The below amendments to the existing regulations have taken effect from 1 January 2023.
- The replacement fee for a lost or damaged certificate has been increased from USD 100 to USD 500
- A fee of USD 7,500 has been applied for the developers, which included due diligence and background check, applying under the CIP-approved real estate or enterprise project.
- The investment into the Saint Lucia National Economic Fund has also been increased for an additional dependant who is twelve months or below. The price is increased from USD 500 to USD 5000.
- The real-estate option investment has been reduced from USD 300,000 to USD 200,000.
The unit has introduced a new ‘Bond Offer’ for investment by the purchase of non-interest-bearing Government Bonds. The bond purchase sum for the applicant and all qualifying dependents of any number is USD 300,000 for a period of five years. The Administrative fee for the same is USD 50,000.
Monica Walker is a journalist at WIC News who is dedicated to uncovering the truth. Her writing covers a wide range of topics, from breaking news to human-interest stories. Contact Monica at contact@wicnews.com
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