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	<title>CaribPR Wire &#187; #stlucia</title>
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		<title>Saint Lucia updates its Citizenship by Investment regulations to remain competitive in the investment migration industry</title>
		<link>https://caribpr.com/saint-lucia-updates-its-citizenship-by-investment-regulations-to-remain-competitive-in-the-investment-migration-industry/</link>
		<comments>https://caribpr.com/saint-lucia-updates-its-citizenship-by-investment-regulations-to-remain-competitive-in-the-investment-migration-industry/#comments</comments>
		<pubDate>Fri, 30 Dec 2022 18:28:42 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[#Caribbeannews]]></category>
		<category><![CDATA[#citizenshipbyinvestment]]></category>
		<category><![CDATA[#citizenshipbyinvestmentprograms]]></category>
		<category><![CDATA[#saintlucia]]></category>
		<category><![CDATA[#stlucia]]></category>
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		<guid isPermaLink="false">http://caribpr.com/?p=15100</guid>
		<description><![CDATA[CARIBPR WIRE, Castries, St. Lucia, Dec. 30, 2022: Saint Lucia has amended the regulations of its Citizenship by Investment Programme to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing demand for its investment products for the ultimate benefit of the people of Saint Lucia.
As one of the youngest Citizenship by [...]]]></description>
			<content:encoded><![CDATA[<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">CARIBPR WIRE, Castries, St. Lucia, Dec. 30, 2022: Saint Lucia has amended the regulations of its <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DF44UPr0Yva1JfYZgIkTl7sFMavXa-2LJHTg-TOWqn2i4neInPWXdKnLUvP0gs8m7C7XpPfX8jLFXJydNaLxi6Ig3OmggsWkJxKqTzhXnSgBxPHtu6dQJPgSTFA5RG0dRexYtB7uq99jg70FDceUHROjYphM2xQSFDG2z2d8lbb0%3D&amp;source=gmail-html&amp;ust=1672510884356000&amp;usg=AOvVaw0mq6OdwIW6oZSKAT3px8bO" target="_blank">Citizenship by Investment Programme</a> to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing demand for its investment products for the ultimate benefit of the people of Saint Lucia.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">As one of the youngest Citizenship by Investment products in the market, Saint Lucia has made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The country’s Citizenship by Investment Unit has taken a comprehensive review of its Citizenship by Investment offerings following approvals from the Citizenship by Investment Board and Honourable Deputy Prime Minister and Minister for Tourism, Investment, Creative Industries, Culture and Information, Ernest Hilaire. The below amendments to the existing regulations will take effect from 1 January 2023.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<ul style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<li>Developers applying for approved real estate under the Citizenship by Investment Programme or enterprise projects will now have to pay due diligence and background check fee of US$7,500.</li>
</ul>
<ul style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<li>The replacement fee for a lost or damaged certificate will increase from US$100 to US$500.</li>
<li>Investors who have been a citizen of Saint Lucia for 12 months or less that are looking to include a newborn dependent through the country’s National Economic Fund will now have to pay a fee of US$5000, this has increased from US$500.</li>
<li>There is also an introduction of a new Bond Offer for investors purchasing non-interest-bearing Government Bonds with the following qualifying investment sums:</li>
</ul>
<table style="font-family: &quot;Times New Roman&quot;; width: 1567px; border-collapse: collapse;" border="0">
<tbody>
<tr>
<td>Category of applicant</td>
<td>Bond purchase sum</td>
<td>Bond holding period</td>
</tr>
<tr>
<td>Applicant and all qualifying dependents of any number</td>
<td>US$300,000</td>
<td>5-year holding bond</td>
</tr>
<tr>
<td>Administrative fee (regardless of the number of dependants)</td>
<td>US$50,000</td>
<td></td>
</tr>
</tbody>
</table>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<ul style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<li>To qualify for second citizenship through the real estate option, investors will have to invest a minimum of US$200,000, a reduction from US$300,000.</li>
</ul>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia is emerging as one of the fastest-growing economies in the Caribbean region and the nation is well-known for offering various investment and business opportunities for people looking for options to plan their wealth and diversify their portfolios.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The country’s Citizenship by Investment Programme is a perfect choice as it offers ideal business opportunities to investors who do not want to be bound by border limitations.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The Caribbean country is recognized for providing a second home not just to investors but to their families too. The nation has been lauded for its advanced and modernized infrastructure. Saint Lucia has one of the most resilient, modernized education and healthcare systems in the region, which makes it ideal for investors and their families.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The Citizenship by Investment Programme of this Caribbean country attracts Foreign Direct Investment (FDI) for the nation which is used for advancing various projects such as the development of infrastructure, advancement of real estate, business expansion and job innovation.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DWJU9O4kSPnFiTPzCp41FdRrdYsS85sIqdlrDpPAgaHEwqrqrfYzsj5mwuWHLUFf5mlN_QQwQUbav7jBVb3LbkuhZikdnz_lHKtEU5AQqoFc%3D&amp;source=gmail-html&amp;ust=1672510884356000&amp;usg=AOvVaw3UGCSHT8eZ1-6ylrQt4qFL" target="_blank">CBI Index 2022</a>, published by <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DAAFiEnsYbXKqE6o6baowCzesim3jYih0cY6YX1pIqv9wLkJhR2nFwNAkkN-SCow6GXwQ1A1uqFn6bepQxFZ2ERMWL93qZ8KYVAwqtHRb_KA%3D&amp;source=gmail-html&amp;ust=1672510884356000&amp;usg=AOvVaw2nEcRGgja0pbCjufFsw0iA" target="_blank">PWM Magazine of Financial Times</a>, reported that CBI is assuring the small island nation of Saint Lucia has become <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3D8bNUrofMEt9ylAmRnlI0Pmf1PFLo1x2xJvkhm5LCAc02ZLQsBhhsgqHeSbdNNUzxgddTlbQLzakInfG9h5eIvXyxw78WNza1ppeJkh9gbNYD_YUUJjqPzyde6SQuwMJ6lLYfYBF6Z1CdNX3yW59a-QS8ng34Q4ZKROhEQfIFodjQSxlidKpMI6ilCqekeOyxMZW2o-9DD-qeSX8iKmrwdw%3D%3D&amp;source=gmail-html&amp;ust=1672510884356000&amp;usg=AOvVaw1SUZgJCN44q_xMivCkXRc2" target="_blank">independent, developed and prosperous in the true sense</a>. The report also recognized the programme for its “Ease of Processing” and “<a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3Db-b2-pfaOpTul-8m_pqJbTvw1EKCI6H59FeIvVwY3xvOMgKnyghw657MSo9GnaL4ST21R0jcB9vEu7PjGyRlAs8imC01zRsqvhq0iO-5nyDmMjBLPo9L9HgTtprOMSvPyP6VCnH-9A3EQ2-M8h3Kt9HZCKvvXE6cKIdqypuEuvWgIxyshkkdvildfuIyb_yGkX_esiWAQMADZ8tuLf_L-I7BXCqUpbZlkiu5dZB89T9EdEIMNjkhV-IO--OYPqRrpfYGK_QsyTfgB5wQMs5RdyWBXiiF2HA_MYovFe4v1Sg%3D&amp;source=gmail-html&amp;ust=1672510884356000&amp;usg=AOvVaw18DjMUa4ZQUwH_Ft9sM_km" target="_blank">Due Diligence</a>” Pillars. This year, Saint Lucia’s Citizenship by Investment Programme climbed a spot and gained the third position.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia’s Citizenship by Investment Unit makes sure that citizenship is given to credible applicants of good standing while their dependants over the age of sixteen are also subject to multi-layered due diligence checks, in order to qualify for alternative citizenship. Saint Lucia asks for detailed information from the applicants to understand the funding source of the investors who want citizenship.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">On this due diligence aspect, Minister Ernest Hilaire recently addressed concerns and fears related to Saint Lucia’s CBI Programme. He gave assurance that the government of Saint Lucia and its CBI Unit perform a strict and rigid due diligence process. Hilaire explained that the due diligence process is a multi-layered procedure noting, “Due diligence is performed by our Unit on all applicants, this is then followed by another due diligence check by the banks. This is then followed by due diligence checks by international intelligence units who also do on-the-ground assessments.”</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">He also noted that the Government and Unit have been planning to review the country’s CBI programme, making it more attractive as well as competitive. Minister Hilaire announced that these updates would maintain the country’s rigorous but seamless vetting process.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">While the programme is the newest in the region, launched in 2016, the Government has made sure to set the bar very high – the programme has been regarded as one of the most advanced, secure as well as transparent programmes.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Through the National Economic Fund, this prestigious programme has helped the nation to develop important public infrastructure. The funds from the programme have been directly contributing to advancing the standard of living of Saint Lucians.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Alternative citizenship in the Caribbean nation is emerging as a platform to alleviate and tackle the risk of uncertainty and unpredictability in future. There is no other better plan than investing in building a new home at a place which offers ample opportunities and, most importantly, peace out of the hustle and bustle of big cities.</p>
]]></content:encoded>
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		<title>Head of Saint Lucia Citizenship by Investment Unit, Mc Claude Emmanuel, woos investors at Private Wealth Forum in Florida</title>
		<link>https://caribpr.com/head-of-saint-lucia-citizenship-by-investment-unit-mc-claude-emmanuel-woos-investors-at-private-wealth-forum-in-florida/</link>
		<comments>https://caribpr.com/head-of-saint-lucia-citizenship-by-investment-unit-mc-claude-emmanuel-woos-investors-at-private-wealth-forum-in-florida/#comments</comments>
		<pubDate>Thu, 08 Dec 2022 16:45:59 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[#Businessnews]]></category>
		<category><![CDATA[#Caribbeannews]]></category>
		<category><![CDATA[#citizenshipbyinvestmentprograms]]></category>
		<category><![CDATA[#FloridaNews]]></category>
		<category><![CDATA[#saintlucia]]></category>
		<category><![CDATA[#stlucia]]></category>
		<category><![CDATA[Caribbean]]></category>

		<guid isPermaLink="false">http://caribpr.com/?p=15076</guid>
		<description><![CDATA[CARIBPR Wire, Castries, Saint Lucia, Dec. 08, 2022: The head of Saint Lucia’s Citizenship by Investment Unit, Mc Claude Emmanuel, was in the United States of America recently for the 7th Annual Private Wealth Florida Forum.
The invitation-only event is attended by private wealth and institutional investors, including wealth managers, corporate pensions, public pensions, insurance funds, endowments, [...]]]></description>
			<content:encoded><![CDATA[<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">CARIBPR Wire, Castries, Saint Lucia, Dec. 08, 2022: The head of Saint Lucia’s Citizenship by Investment Unit, Mc Claude Emmanuel, was in the United States of America recently for the <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DG1ytef7s7n6FNhFGXwXeDyKaRhtu21LUu846QnWIO62e9qSNaOYFIKTvQbbeNJEWcIxkfWXODgySN6YEb_OAR2eZlEn-9WUWcjUHFQCWzjUqtgHJjOPgQdc9jeg9qFnEE6JY_Vo-DfYPGCqQzA4qO-kUHI2U4tKI07FEkUEuaW04KypCaN4Cm-d3RAVwUwmT&amp;source=gmail-html&amp;ust=1670604266931000&amp;usg=AOvVaw0x4h7l0_huFPputA3tmBMq" target="_blank">7<sup>th</sup> Annual Private Wealth Florida Forum</a>.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The invitation-only event is attended by private wealth and institutional investors, including wealth managers, corporate pensions, public pensions, insurance funds, endowments, foundations, sovereign wealth funds, health care organizations and private bankers. The event aims to bring together the investment management community for peer driven thought leadership experiences that provide a platform for education, business development and networking.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Emmanuel was speaking to wealth managers on why Saint Lucia should form part of their basket of offshore investment options.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">As one of the youngest <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DwQ_t4UajO1caxrnSbl3cmeaIkkVrNijn1Nws91W_-GFyyHsZIHVcLc-8jSd9beahC2Y8YSGT6XA2y9Cbdx_damYbnpeTW6QiyC02Jb7WrBKZ5iDs04iGKHEJlMCgi-T48o-E7Z7YcFd1kuq1cKwK6g%3D%3D&amp;source=gmail-html&amp;ust=1670604266932000&amp;usg=AOvVaw21H5kd2ZMn6SV98D8OfDlw" target="_blank">citizenship by investment</a> offerings on the market, Saint Lucia certainly competes with the best in terms of what it has to offer investors.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">There are currently four main ways investors can gain a coveted Saint Lucia citizenship, with the main one being through the National Economic Fund. This Fund was established to drive foreign direct investment to nation building projects such as increasing and improving infrastructure in country. Through this Fund, highways, bridges, schools and hospitals have been upgraded and built.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">For a minimum investment of US$100 000.00 for a single applicant, US investors can become part of the Caribbeans biggest success stories.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">“Saint Lucia has a strong economy and our currency, the Eastern Caribbean Dollar, is pegged against the United States Dollar – at a rate of US$1.00 being the equivalent of EC$2.70 – and has been so for the last 70 years,” stated Emmanuel.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">According to <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3D35vnotJ6DGICC881DznPMiFVzqB-3_9-csaqwcJKx-DQGQDsVHktg9s8-MZ1qpLQvVeknWp6AziCFzB-PzHAU3pcerDVTSH6TgqEeAjSZpmSs4lHlQpIIdYCX4FuqARW&amp;source=gmail-html&amp;ust=1670604266932000&amp;usg=AOvVaw3zhRSss57W2HMMgEvA8IDZ" target="_blank">Moody’s Analytics</a>, the island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. Tourism is Saint Lucia&#8217;s main source of jobs and income – accounting for 65 percent of GDP – and the island&#8217;s main source of foreign exchange earnings. The manufacturing sector is the most diverse in the Eastern Caribbean area.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">In this context, the Eastern Caribbean nation of Saint Lucia has emerged as a new favourite for investors. This is due to its growing economy, stable business environment and tax regime which supports the growth and development of its businesses, investors, and citizens.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">“We have a strong tourism product, being rated the number one honeymoon destination in world for the last 10 years. Saint Lucia is also home to major hospitality brands like Hilton and Marriott and our shores attract over one million tourists from the USA, Canada and Europe every year,” added Emmanuel.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia’s colourful <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DASJH5Eh-Uo6K-CHvq3YiPom0vTuMDK1eVi4saX4_e5fVeonIY5iUNhRgfKzBTlR6ClGL6eJwyVAcyCj0sop3sxBp0qM3k_7qwILNKGGm78ejhumy5F33sA17oTKS0hV8QWSz1ZLMqfbEzY2OuKOmP-KLSUcftxf8hZGxZZoInQhENOEg9vVYxllIUEAHZTWEhgTaPfe_sSS0g-OWZTQu3Q%3D%3D&amp;source=gmail-html&amp;ust=1670604266932000&amp;usg=AOvVaw2r6KZPbRDjNwn3w4xo-gfI" target="_blank">heritage</a> is ingrained in the culture of the island and celebrated by locals and visitors alike. With a history spanning hundreds of years and including stories of pirates, colonies, and battles, it’s enough to pique anyone’s interest.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Each part of the island has distinct features to be experienced and enjoyed. The island’s volcanic origin is the reason for its lush vegetation, soothing mud pools and iconic Sulphur Springs.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">When asked why Saint Lucia should be favourable to asset managers and applicants, Emmanuel responded that country has a favourable tax regime, stable economy and its policies make it easy for entrepreneurs to do business, not to mention the favourable Caribbean weather conditions.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia is also very <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DHStDR-d0-p3wAcQZORB3yhNLWy8qbagluErMICgKdQvdL4ylPkWDkeq-so4qrXrRUBDvuO1rzKECdyXhzoHeq61jOnLAeiSplbwBlY__-yI8Zbc9hLjHyLOyBjGe2rfXtktXWzymOZLxzzKhdTL_Gq-05VVGJptGxFuZuenUgBnajIpJX2oefapwU5xwX8SZ1T4B10CyO_fWEjkSmCup_A%3D%3D&amp;source=gmail-html&amp;ust=1670604266932000&amp;usg=AOvVaw0EZ5VK-ymCK13QtdhDav8P" target="_blank">well-connected</a> to the rest of the world with international flights to the United States, Canada, and Europe. The low cost of living coupled with the high quality of life makes it the ideal place to live. The Caribbean way of life has a universal appeal that simply cannot be matched.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">“During the Covid-19 pandemic, we had a surge of applications from north Americans who want to be able to work from anywhere – we commonly see people with their laptops on the beach, in hotel lobbies and villas – that’s one of the strong selling points for US citizens looking to invest in Saint Lucia.”</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Those looking to get away from the pressures and humdrum of city life will be well suited to invest in the country.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The country also has a favourable tax regime, American investors do not need to pay inheritance tax, worldwide income tax, or capital gains tax – making it an ideal destination for wealth planning.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Looking at which nationalities have favoured getting second citizenship from Saint Lucia, Emmanuel said “In terms of applicants, China continues to be number one and as of 2021, US applicants have taken the second spot – particularly applicants from the states of New York, Philadelphia, Florida and a small number from Las Vegas. In Canada, a lot of applicants come from Toronto.”</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Emmanuel also added that the two major reasons for Americans looking to gain second citizenship from Saint Lucia are safety and tax planning.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">“Many US citizens are looking for safety. Americans travel extensively and their passport can be seen as a target due to ongoing geopolitical conflict, especially in regions like the Middle East and Eastern Europe. What they do when travelling to these regions is use our passport and keep their American passport in their back pocket. The second major reason for investing in our citizenship by investment programme is to tap into our favourable tax system, which continues to be a drawcard. Saint Lucia offers a lot of offshore financial solutions.”</p>
]]></content:encoded>
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		<title>Saint Lucia increases its production capacity to overcome dependency on food imports</title>
		<link>https://caribpr.com/saint-lucia-increases-its-production-capacity-to-overcome-dependency-on-food-imports/</link>
		<comments>https://caribpr.com/saint-lucia-increases-its-production-capacity-to-overcome-dependency-on-food-imports/#comments</comments>
		<pubDate>Wed, 09 Nov 2022 13:29:41 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Agriculture]]></category>
		<category><![CDATA[#agriculturenews]]></category>
		<category><![CDATA[#Businessnews]]></category>
		<category><![CDATA[#Caribbeannews]]></category>
		<category><![CDATA[#cip]]></category>
		<category><![CDATA[#foodnews]]></category>
		<category><![CDATA[#inflation]]></category>
		<category><![CDATA[#stlucia]]></category>

		<guid isPermaLink="false">http://caribpr.com/?p=15027</guid>
		<description><![CDATA[CaribPR Wire, Castries, Nov. 09, 2022: In response to the global food crisis, Saint Lucia, a small island state in the Caribbean, has rolled out a number of government programs to increase food security, boosting its agricultural production and minimizing its reliance on imports.
And indeed, the country’s recent measures have proved timely. With inflation on [...]]]></description>
			<content:encoded><![CDATA[<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;"><strong>CaribPR Wire, Castries, Nov. 09, 2022:</strong> In response to the global food crisis, Saint Lucia, a small island state in the Caribbean, has rolled out a number of government programs to increase food security, boosting its agricultural production and minimizing its reliance on imports.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">And indeed, the country’s recent measures have proved timely. With inflation on the rise even within wealthy countries, it appears that the global food crisis will worsen before it improves. The conflict in Europe has also impacted inflation, having affected how commodities are produced, used and traded across the world. These changes are likely to keep food prices high until 2024, prolonging and worsening international food security.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">This state of affairs has proved particularly challenging for many Small Island Developing States (SIDS) which, already on the frontline of climate change, are facing increased food insecurity due to the rising cost of imports. In response to this, Saint Lucia has increased its food production capacities in a bid to overcome its dependency on imports. Under the direction of Alfred Prospere, Saint Lucia’s Minister for Agriculture and Food Security, the government has launched several initiatives to strengthen the country’s production.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">These efforts include the government’s Seven Crops project which aims to grow and strengthen supply chains in the fruit and vegetable sector. The Ministry of Agriculture reported that since the introduction of the project, the island has significantly increased production for a number of crops targeted by the programme – these include papaya, broccoli, cucumber, pumpkin, cauliflower, eggplant, corn, dragon fruit and sugar apples.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The government also improved its agriculture intelligence information systems, setting up stable markets for farmers and introducing new technologies into the agricultural sector in an effort to lower Saint Lucia&#8217;s food import bill. So far, this development has led to an increase in both the quality and quantity of agricultural yields.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">In addition to these measures, the government has also offered a 30% subsidy to banana crop farmers to support its export industry. In 2020, bananas were one of the country’s most profitable exports, with crops being sent to Barbados (US$302,000), Canada (US$1 412,000) and the United Kingdom ( US$2.61M).</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">With the global supply chain experiencing significant disruption and many agricultural commodities facing significant breaks to their supply, the government’s actions have come at an opportune moment. For many countries, global supply chain problems have led to skyrocketing prices for food commodities, a problem exacerbated by the increasing cost of agricultural commodities.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia’s government has therefore been prioritising the development and promotion of extensive farming on the island, with the goal of increasing self-reliance in the country’s food supply. By lessening its dependence on imports, Saint Lucia has sought to insulate itself from the ever-rising inflation affecting countries across the world.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Current projections from economic forecasters indicate that further rises in inflation are expected for 2023. This increase will prove particularly onerous for emerging and underdeveloped nations. According to data collected between May and August 2022, most low and middle-income countries have already experienced significantly high <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DTW4y3PWt3szSWxDlQM6Vr-iSRfT-RyV_sWih_6PLj1aOhhCR501i9UFvb9Y5d_2Rq99aSbBCowmByxuQMGFJhjwWtx34zHRWr-TPq_0-hEvixKEcdzwq4KuXYm-jXBMC_t-_kj8X7_BSejeHb00fhg%3D%3D&amp;source=gmail-html&amp;ust=1668086841447000&amp;usg=AOvVaw38xAzzy7kPZUXtjWpX9dFf" target="_blank">inflation</a>, with 88.2% of low-income, 91.1% of lower-middle-income and 93% of upper-middle-income countries having experienced inflation rises above 5%. With domestic food price inflation very high across the world, including in the United States, Saint Lucia is standing firm against the odds.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">One factor contributing to Saint Lucia’s success is the active participation of its youth in its agricultural upliftment. Across the world, there has been a decline in young workers entering the agriculture sector. With this shortage of farmers, most major food producers have reported declines in their output – with knock-on effects on food security. However, Saint Lucia’s agriculture minister noted that its youth are actively participating in the sector and that this participation has led to an improvement in the island&#8217;s food supply.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Building on this contribution from Saint Lucia’s youth, the government has introduced a number of new policies and subsidies to assist local farmers. These policies are supported by funds from the country&#8217;s Citizenship by Investment Programme (CIP).  Citizenship by Investment allows individuals to gain citizenship to a country by investing a certain amount in the country&#8217;s economy. In Saint Lucia, this investment involves contributing to the National Economic Fund Investment Option which sponsors social development.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Launched in 2016, Saint Lucia’s Citizenship by Investment Programme (CIP) is the newest CIP in the Caribbean. The programme hopes to establish itself as one of the best programmes in the world. In line with these aims, the programme is already ranked among the top three Citizenship by Investment (CBI) Programmes in the world, according to the “CBI Index 2022” published by the <em>PWM</em> <em>Magazine</em> of the <em>Financial Times</em>.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">High-net-worth individuals can invest in the National Economic Fund Investment, known as the Fund Option, to apply for alternative citizenship in Saint Lucia. The Fund Option allows investors to support the country’s socio-economic advancement as well as the expansion and development of its infrastructure. The minimum investment required is $100,000 (US).</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Since the inception of the programme, Saint Lucia’s government has time and again proved its judiciousness, allocating the funds generated by its CIP to support socio-economic advancement. The programme also operates with a high degree of transparency, with the CIP providing detailed information to investors about how their funds are being used. Most recently, CIP funds have contributed to the uplift of the agriculture sector, particularly to the development of new and advanced farming techniques. The success of this support has become evident, with the country’s food production surging as it progresses towards food security.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Along with its support of Saint Lucia’s development, the CIP has proved exceptionally beneficial to investors. Given the opportunity to become global citizens, investors have thrived, with unimpeded access to the country providing an ideal framework for wealth planning, the expansion of business and access to international business markets.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Defying global uncertainties and crises in these uncertain times, Saint Lucia’s careful investment in food production proves its ability to provide a safe and secure environment for those looking to share in its prosperous future.</p>
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		<title>Saint Lucia hails the 12th Annual IREX Citizenship and Residency Conclave a success</title>
		<link>https://caribpr.com/saint-lucia-hails-the-12th-annual-irex-citizenship-and-residency-conclave-a-success/</link>
		<comments>https://caribpr.com/saint-lucia-hails-the-12th-annual-irex-citizenship-and-residency-conclave-a-success/#comments</comments>
		<pubDate>Tue, 13 Sep 2022 12:40:35 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[#Businessnews]]></category>
		<category><![CDATA[#Caribbeannews]]></category>
		<category><![CDATA[#citizenshipbyinvestmentprograms]]></category>
		<category><![CDATA[#saintlucia]]></category>
		<category><![CDATA[#stlucia]]></category>
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		<category><![CDATA[Caribbean]]></category>

		<guid isPermaLink="false">http://caribpr.com/?p=14961</guid>
		<description><![CDATA[CaribPR Wire, Castries, St. Lucia, Sept. 13, 2022: The Citizenship by Investment Programme of Saint Lucia participated in the 12th Edition of the &#8220;IREX Citizenship and Residency Conclave&#8221; 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 [...]]]></description>
			<content:encoded><![CDATA[<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">CaribPR Wire, Castries, St. Lucia, Sept. 13, 2022: The Citizenship by Investment Programme of Saint Lucia participated in the 12th Edition of the &#8220;<a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3D_kj2amXpeKpnpni4oYo6VzOLNLze_EW_NWKBhu93a3qnR9pEfxBq_W4wDH10i5wKsYG6_88JTxaGt1Qv9jW387pHm9RNOXdck7l2o0f84ENf8QxhjA1xlnffY2NCkpZ8&amp;source=gmail-html&amp;ust=1663159061049000&amp;usg=AOvVaw21QUEOPoDRqSBqJBXrz7Gm" target="_blank">IREX Citizenship and Residency Conclave</a>&#8221; over the past weekend. The two-day event took place in New Delhi, India, from the 9<sup>th</sup> to 10<sup>th</sup> September 2022 at the Le Meridian Hotel.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DVTf9oEHD0L_qFE8EAU_1wvu6lxS1jPOtAIpDLjFDwynqHX0zb7OQmOPXewLqmfc39BZUMc73VKrIZUm2ybrobQNbw6LkvDoHms9VJZrknA4nZP69PGGYwSb4LlGPCAR0wn6bh0Euga_stxaeozOMSw%3D%3D&amp;source=gmail-html&amp;ust=1663159061049000&amp;usg=AOvVaw1jlfu_FI0GD2MIBmEsDN0u" target="_blank">Saint Lucia Citizenship by Investment Programme</a> 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&#8217;s third best programme according to the <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DcdmXTiDRISj5f4hU6rgGzU3sJ_WTCPGXKGmADFLUpsnw5OzaKhROyv5wSASoU2NnpYRq1TYGGk2Si9mR2EjuvA%3D%3D&amp;source=gmail-html&amp;ust=1663159061049000&amp;usg=AOvVaw1Rh4Ux2jZ97YXOZjR8IzmX" target="_blank">CBI Index 2022,</a> 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</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The &#8220;IREX Citizenship and Residency Conclave&#8221; 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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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&#8217;s total revenue.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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:</p>
<ul style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<li>Lifetime citizenship that can be passed on to future generations</li>
<li>Efficient and confidential processing of applications</li>
<li>Full resident status, including the right to live and work in Saint Lucia</li>
<li>No residency requirements.</li>
</ul>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
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		<title>Saint Lucia Citizenship Investment Programme makes top three in the 2022 CBI Index</title>
		<link>https://caribpr.com/saint-lucia-citizenship-investment-programme-makes-top-three-in-the-2022-cbi-index/</link>
		<comments>https://caribpr.com/saint-lucia-citizenship-investment-programme-makes-top-three-in-the-2022-cbi-index/#comments</comments>
		<pubDate>Fri, 26 Aug 2022 19:14:59 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[#Businessnews]]></category>
		<category><![CDATA[#caribbeancitizenshipbyinvestment]]></category>
		<category><![CDATA[#CBIindex]]></category>
		<category><![CDATA[#citizenshipbyinvestment]]></category>
		<category><![CDATA[#saintlucia]]></category>
		<category><![CDATA[#stlucia]]></category>
		<category><![CDATA[Caribbeanbusiness]]></category>

		<guid isPermaLink="false">http://caribpr.com/?p=14957</guid>
		<description><![CDATA[CARIBPR WIRE, Castries, Aug. 26, 2022: St Lucia took third place in this year’s instalment of the CBI Index – which ranked 13 countries with operational citizenship by investment programmes.
Seen as an industry voice and reliable source for those looking to vet CBI programmes around the world, the CBI Index is published annually by the [...]]]></description>
			<content:encoded><![CDATA[<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">CARIBPR WIRE, Castries, Aug. 26, 2022: St Lucia took third place in this year’s instalment of the CBI Index – which ranked 13 countries with operational citizenship by investment programmes.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Seen as an industry voice and reliable source for those looking to vet CBI programmes around the world, the CBI Index is published annually by the Private Wealth Management magazine, a publication of the Financial Times, and in partnership with CS Global Partners.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">This year, St Lucia was ranked alongside Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, Turkey, and Vanuatu.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The CBI Index ranked these jurisdictions across nine pillars including Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Having recently welcomed Mc Claude Emmanuel to the position of Chief Executive Officer of its CBI unit, St Lucia was recognised its affordable minimum investment outlay, reasonable mandatory travel or residence requirements and ease of application processing.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">“This recognition means a lot to us. The CBI Index is a globally recognised report that has been assessing CBI programmes for the last six years and not only will investors gain insight into our programme but it also gives us an opportunity to improve aspects of our programme to increase our scores next year,” said notes Mc Claude Emmanuel, CEO of St Lucia’s CPI Unit.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Investors can become a citizen of St Lucia in as little as 90 days by investing only a minimum of US$100,000 through its National Economic Fund, and busy entrepreneurs are not required to stay in the country for prescribed periods of time.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">There weren’t many significant changes in the minimum investment outlays since the 2021 CBI Index, this was reflected in no change in the order of the final scores.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">There were also no changes from the 2021 CBI Index to scores under the Mandatory Travel or Residence Pillar – Caribbean nations continue to rank highly in this area.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The country scored 87% overall.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">St Lucia scored 9 out of ten for Due Diligence, Citizenship Timeline, and Family.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">A very important aspect of any CBI programme is its ability to vet applicants and ensure that only honest individuals who can account for how they make a living are accepted into the programmes.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">“We are on an ongoing drive to continuously enhance the due diligence processes of our programme as we are very keen to protect its integrity and value,” noted Mc Claude Emmanuel.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">With ongoing geopolitical tensions, special attention is now being given to jurisdictions that offer CBI programmes. The international community is concerned that these programmes may offer boltholes for suspect characters looking to evade the law.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">International respect is vital for any CBI programme to thrive, and a layer of ongoing monitoring is becoming a key pillar of reputable CBI Units such as that of St Lucia. Caribbean nations are setting global best practices when it comes to advancements in due diligence processes.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The Citizenship Timeline Pillar looks at the average time taken for citizenship to be secured by the applicant. One of the key merits of CBI programmes is their ability to provide a rapid route to second citizenship; St Lucia was awarded top points for its short turnaround times, which takes three months for citizenship to be granted from the date the Authorised Agent is notified that the application has been accepted for processing.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">As an additional layer of nuance to its scoring system, this year’s CBI Index also draws a distinction between family members who are allowed to apply with and obtain citizenship at the same time as the main applicant and those who can apply at a later stage and because of the main applicant has already received citizenship.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Multiple family member categories were considered, with points being awarded for adult children, parents, grandparents and even siblings. Additional merit was also given to programmes with provisions for family members of the main applicant’s spouse. Additionally, the degree of flexibility within each of these categories can differ radically from programme to programme.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">St Lucia scored 8 out of 10 in the Certainty of Product pillar. This pillar encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Longevity measures the age of a given programme while Popularity and renown evaluate the number of applications and naturalisations under each programme per year, as well as a programme’s eminence in the industry.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The reputation of a programme was determined by the amount of negative press or the number of scandals it has been linked to, affecting investors’ broader perceptions of the countries in which they invest. Just as important, however, is evidence that programme funds are being utilised for social good. Points were awarded for a jurisdiction’s transparent use of CBI funds, for example for the development of domestic healthcare, education, tourism and other infrastructure. One of the main ways that investors can become citizens of St Lucia is through its Economic Fund which Mc Claude Emmanuel has said will “benefit all St Lucians by investing in social interventions and assisting the country to be food secure as assistance will be given to local farmers.”</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Lastly, adaptability reflects a programme’s ability to rapidly respond to, and sometimes even predict, the needs of applicants and the industry.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">St Lucia continues to offer a popular programme with consistently high application volumes, stability with no caps on the number of applications or specific calls to end the programme, and adaptability both in respect of changes to keep the programme functioning during Covid-19 and its swift response to the Russian invasion.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">St Lucia, along with Antigua and Barbuda, Dominica, Grenada and St Kitts and Nevis scored seven out of 10 in the Freedom of Movement pillar. St Lucia has access to 15 of the 20 key business hubs assessed in the 2022 CBI Index.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Lastly, St Lucia scored six out of 10 for its decent freedom, GDP growth and GNI scores.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Download the full CBI Index <a rel="nofollow noreferrer" href="https://www.google.com/url?q=https://www.globenewswire.com/Tracker?data%3DmRh6uSIiGnb7iaXai9l4J6SLl2UxGpxtSQi9dlh3yJuNx5OJjtjWUUBr2IoxNSHJ0tErTQ8eYo-ELeoEpf_4Xz0QLDjBXxvaq2YRHTrHsKflhAXEfWDSnXm6lCR9Zf2OB2yHcSb6NKksj6Bx27WQRQ%3D%3D&amp;source=gmail-html&amp;ust=1661627620402000&amp;usg=AOvVaw1ZebJybqvjEP5kmQemlMWV" target="_blank">here</a>, to get further insights into the CBI industry and a full evaluation of the CBI programmes of the 12 other jurisdictions in the rankings.</p>
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		<title>Saint Lucia repositions Citizenship Programme under new slogan “Beyond the Passport”: CS Global Partners</title>
		<link>https://caribpr.com/saint-lucia-repositions-citizenship-programme-under-new-slogan-%e2%80%9cbeyond-the-passport%e2%80%9d-cs-global-partners/</link>
		<comments>https://caribpr.com/saint-lucia-repositions-citizenship-programme-under-new-slogan-%e2%80%9cbeyond-the-passport%e2%80%9d-cs-global-partners/#comments</comments>
		<pubDate>Thu, 14 Jul 2022 14:33:41 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[#Businessnews]]></category>
		<category><![CDATA[#caribbeancitizenship]]></category>
		<category><![CDATA[#citizenshipbyinvestmentprograms]]></category>
		<category><![CDATA[#saintlucia]]></category>
		<category><![CDATA[#stlucia]]></category>

		<guid isPermaLink="false">http://caribpr.com/?p=14921</guid>
		<description><![CDATA[CARIBPR WIRE, London, July 14, 2022: The citizenship by investment programme of Saint Lucia is one of the youngest economic citizenship programmes in the Caribbean. The government has set up a dedicated Citizenship by Investment Board that oversees all the operations and assists investors while facilitating unmatched benefits for the country and its people.
The Saint [...]]]></description>
			<content:encoded><![CDATA[<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;"><strong>CARIBPR WIRE, London, July 14, 2022:</strong> The citizenship by investment programme of Saint Lucia is one of the youngest economic citizenship programmes in the Caribbean. The government has set up a dedicated Citizenship by Investment Board that oversees all the operations and assists investors while facilitating unmatched benefits for the country and its people.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The Saint Lucia Citizenship by Investment Programme Unit, a statutory body of the government is marketing and repositioning the programme under a new slogan called &#8220;Beyond the Passport.&#8221;</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The Head of the Citizenship by Investment Programme Unit, Mc Claude Emmanuel said the unit is making the programme more effective for locals as well as for investors. He noted that the funds generated by the CIP of Saint Lucia are used for the development of the country, and the impact must benefit every Saint Lucian.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">&#8220;Funds generated by the CIP are important for Saint Lucia. The government generates revenue from the donation offered through the programme, which is then spent on different development projects island wide. The revenue benefits social sectors, such as schools, healthcare, roads and housing,&#8221; said Mc Claude Emmanuel.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">He further explained the importance of different investment options, including the National Economic Development Fund, which is also known as the Fund Option, &#8220;For the country, the Citizenship by Investment Programme holds immense importance.&#8221;</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia’s Citizenship by Investment programme is the latest in the Caribbean region and is on par with some of the best programmes in the region. Launched in 2016, Saint Lucia has performed exceptionally well in the 2021 CBI Index, published by the PWM Magazine of Financial Times. It came out top in three pillars of excellence, namely minimum investment outlay, mandatory travel or residence and ease of processing.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">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.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">An investor can apply for alternative citizenship of Saint Lucia through the National Economic Fund Investment, most commonly known as the Fund Option under which the investors contribute to the country&#8217;s socio-economic development. The minimum investment under this investment option is USD 100,000.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The CIP of Saint Lucia is backed by a strong, robust and vigorous due diligence check process. The Saint Lucia government has been working closely with regional and international third-party firms to conduct background checks. The Programme is one of the most transparent in the industry, giving investors and partners access to information on how funds are used.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Citizenship by Investment Programme of Saint Lucia provides the following benefits, including:</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<ul style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<li>Makes the investor a global citizen.</li>
<li>Assists the applicant in portfolio diversification and wealth planning.</li>
<li>Helps in expanding business overseas.</li>
<li>Provides citizenship for life, which can be passed on to future generations.</li>
<li>Gives an opportunity to spend the rest of their life in a peaceful and safe environment.</li>
</ul>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The investor can apply for the alternative citizenship of Saint Lucia via the following steps:</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Step 1: Completion of the application by applicants.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Step 2: Submit the application at the CIP Portal</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Step 3: The Documents are then verified by the CIP Unit and undergo a strong due-diligence process.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Step 4: The board takes a decision on the selection and rejection of the application.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Step 5: The certification is the last process of the application.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">About Saint Lucia:</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia is a small, mountainous Eastern Caribbean Island. It is 21 miles south of Martinique and 26 miles north of Saint Vincent and the Grenadines, all part of the Caribbean Sea&#8217;s Lesser Antilles islands. Saint Lucia&#8217;s lush landscape has a tropical rainforest with two lava spires called Pitons, which are the standout natural features.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The small island country is one of the world&#8217;s most beautiful and well-known destinations for travel enthusiasts. The attention of the travellers is largely drawn by the island&#8217;s majestic Piton Mountains, refreshing waterfalls, spectacular hiking trails, drive-in volcano, beautiful beaches, as well as exclusive restaurants.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">The island is fondly called the Helen of the West as its beauty is comparable to Helen of Troy.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">With regional specialities including pepperpots, langouste, and bouyon, Saint Lucia is a well-known Caribbean destination for those who enjoy trying new foods from different cultures. Seafood-based cuisine and locally cultivated products from farms to tables define the island&#8217;s culinary heritage.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Many people love travelling to the Caribbean country for its rich cuisines and organic agro products. The local food is influenced by French, East Indian and British dishes. The National Dish of Saint Lucia is Green Fig and Saltfish. The dish is typically prepared on weekends as well as especially during the Creole Day Festival, which is hosted in October.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Not only that, but Saint Lucia also endeavours to have its own coffee speciality in the region, which according to Deputy Prime Minister Ernest Hilaire will boom the tourism sector. He recently led discussions with an investor named Olmedo Vill, who aims to recommence coffee production in the country. He said over 13,000 plants will be cultivated by 2024. Not many people know that in the late 1700s, Saint Lucia and Martinique produced more than half of all coffee consumed in Europe. The country had more than 9 million coffee plants by the 1800s because of the country&#8217;s cool, shaded, volcanic ground and which is infused with citrus and spices.</p>
<p style="font-family: &quot;Times New Roman&quot;; font-size: medium;">Saint Lucia&#8217;s beautiful mountains, jungles, coasts, and historic locations showcase history and beauty and a great sense of living poetry add more touch to its tranquil environment.</p>
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