Saint Lucia takes bold move, increases minimum investment for CBI to US$240,000
The CIP Saint Lucia officially released a document describing changes to the minimum legislative prices to qualify under the programme.
2024-07-08 17:20:44

Saint Lucia vows to align with all recommendations within MOA
These adjustments were announced in keeping up with the Memorandum of Agreement (MOA) which was signed between the five OECS nations offering CBI Programmes. These include Antigua and Barbuda, Dominica, Grenada, Saint Lucia and St Kitts and Nevis. This historic agreement was signed in March this year and paved the way for these countries to stand above the minimum pricing competition and showcase mutual cooperation. The Board and management of the Saint Lucia Citizenship by Investment Unit said that they are committed to implementing all the recommendations mentioned within the MOA.“We are dedicated to working with all stakeholders to ensure a seamless transition whilst we continue to build on our mandate of going beyond the passport,” outlined CIP Saint Lucia.While the major provision of the MOU was to raise the minimum investment threshold to USD200,000, other provisions called for information sharing and transparency standards, regulation, security screening, regulation of agents, joint training, dispute resolution as well as amendments and terminations. This significant agreement was signed virtually by the Leaders of Antigua and Barbuda, Dominica, Grenada and St Kitts and Nevis earlier this year but Saint Lucia joined them in May, aligning with other OECS nations and forging future collaborations.
Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.
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