For Immediate Release
|Title:||Saint Lucia hails the 12th Annual IREX Citizenship and Residency Conclave a success|
CaribPR Wire, Castries, St. Lucia, Sept. 13, 2022: The Citizenship by Investment Programme of Saint Lucia participated in the 12th Edition of the “IREX Citizenship and Residency Conclave” over the past weekend. The two-day event took place in New Delhi, India, from the 9th to 10th September 2022 at the Le Meridian Hotel.
The Saint Lucia Citizenship by Investment Programme was launched in 2016, making it the newest in the Eastern Caribbean region and it also happens to be one of the fastest growing programmes. It was recently recognised as the world’s third best programme according to the CBI Index 2022, published by the PWM Magazine of Financial Times. St Lucia received a total of 78 marks ranking it third out of thirteen countries that were evaluated for the 2022 CBI Index
The “IREX Citizenship and Residency Conclave” is hosted annually to promote residency and citizenship programmes offered by various countries from across the globe to High Net Worth Individuals (HNWIs). Presentations from several citizenship consultants, real estate developers and investment firms took place throughout the first day.
According to statistics from 2017, there were approximately 270,000 HNWIs in India, with these numbers expected to increase to around 950,000 by 2027. India also has the second largest millionaire outflow in the world with numerous individuals and families seeking foreign residency and citizenship.
The Saint Lucia Citizenship by Investment Unit was represented at IREX and gave potential applicants the opportunity to find out more about the Eastern Caribbean island thereby allowing them to explore new investment options.
The CIP of Saint Lucia is an attractive option for applicants seeking alternate citizenship as the minimum investment outlay for a single applicant is USD 100,000.
The geographical location of Saint Lucia makes it an extremely desirable location due to the global mobility that it offers as it is close to many major business hubs in the Americas. The country offers a safe and secure lifestyle in beautiful surroundings, world-class schooling facilities, and a stable currency. The Eastern Caribbean Dollar (XCD) has been pegged at a fixed rate to the US dollar since July 1976.
Saint Lucia is an excellent choice for the investor because business expansion and portfolio diversification is possible as there are many favourable opportunities to plan and spread ones wealth due to the wide range of investment programmes. Backed by a strong due diligence process, the programme is one of the most transparent in the industry as it gives investors and partners access to information on how the funds are used. Investments in countries such as Saint Lucia also tend to offer considerably more stable returns because of reduced political risk from upheavals or conflict.
Saint Lucia also has a large Non-Resident Indian (NRI) community, especially in the business sector. Tourism, real estate, banking and manufacturing are the prominent business sectors in the country, generating almost half of the country’s total revenue.
Obtaining alternative citizenship from Saint Lucia comes with many non-economic benefits as well. These include reduced citizenship application timelines without the bureaucracy, extending citizenship to family, a high standard of living and enjoying the general benefits that come with living in modern, diverse countries. Other key benefits include access to modern healthcare facilities and quality education for the children of investors. Small island countries rank high in terms of freedom of expression, civil liberties, and political rights which all contribute to a high standard of living.
Being an island country, it also offers a tranquil environment; it is home to a pair of dramatically tapered mountains on its west coast with beautiful volcanic beaches along the coast. Saint Lucia is home to numerous spectacular reef diving sites that make it perfect for the adventure enthusiast
Saint Lucia’s CIP programme is highly acclaimed, well-ranked and well-developed which gives individuals from all over the world the confidence that they would be making the right choice if they opted to take up the offer for alternate citizenship from St Lucia.
The IREX Conclave 2022 was a great success and gave investors from all over the world the opportunity to interact with the Eastern Caribbean country representatives and they got a better understanding on the technicalities of the Citizenship Programme offered by Saint Lucia. Investors attending the conclave in New Delhi were able to explore the wide variety of benefits that the Saint Lucia CIP offers, which include:
- Lifetime citizenship that can be passed on to future generations
- Efficient and confidential processing of applications
- Full resident status, including the right to live and work in Saint Lucia
- No residency requirements.
The Government of St Lucia is meticulous about the use of funds generated through their Citizenship by Investment Programme with funds being utilised in the completion of developmental projects and upliftment of infrastructure, all of which benefit their citizens.
The IREX Citizenship and Residency Conclave was the perfect opportunity for the Citizenship Programme of Saint Lucia to promote itself and for investors from all over the globe to find out about the extensive benefits of investing in their CIP Programme.