Dr Hilaire meets Bluemina team in Jordan, discusses Saint Lucia’s CIP Programme

Saint Lucia: Deputy Prime Minister Dr. Ernest Hilaire engaged in a fruitful discussion with the representatives of Bluemina Citizenship during his visit to Jordon last week. The talks revolved around the future of the Citizenship by Investment industry and the development of Saint Lucia’s CIP Programme.

While sharing glimpses on his official Facebook account, Dr. Hilaire remarked that the government is fueled by the support and commitment of Saint Lucians, who continue to trust the government with the management of the country.

With this in mind and amidst all the noise, Minister Ernest Hilaire said that he will continue to represent the people of his country to the best of his ability everywhere he goes.

It is to be noted that the government of Saint Lucia is continually trying to strengthen its citizenship by investment programme. Apart from Minister Hilaire’s visit to Jordon, the Government has also proposed changes to the programme.

According to the information, after careful review and extensive discussions with stakeholders and other OECS leaders, the Government has decided to sign the Memorandum of Agreement which have been already signed by other OECS CBI nations. This MOA calls for common standards and procedures in pricing, regulation, amendment and several other areas.

In addition to the MOA, Saint Lucia has made further suggestions to strengthen this regional agreement which includes proposing legislative changes to address the change of name requests and this suggestion has been agreed to by the other Heads of Government.

The Government is also planning to suggest further strengthening of the CIP Programme including an annual quota, a net-worth for applicants, escrow accounts to be held in Saint Lucia or other islands, necessity that only licenced promoters will be allowed to submit their applications to local agents and these will have to submit a due diligence report as well on each applicant.

These proposals clearly show the Government’s intention to uphold the overall integrity of the programme and make it the top choice for investors across the world.