Castries, Saint Lucia: The head of the Citizenship by Investment Unit (CIP) of Saint Lucia, Mc Claude Emmanuel, has been driving the unit towards far more success and prosperity. The citizenship by investment programme of Saint Lucia has gained grounds among High-net-worth individuals(HNWIs). The programme, despite being the newest in the Citizenship industry, has been performing exceptionally, which is highly accredited to the efficiency of administration and leadership of the unit.
The programme has evolved as per the needs of modern-day society, thus emerging as the most popular citizenship by investment programme among the citizens seeking a free life, full of opportunities for personal as well as professional growth. The head of the CIP of Saint Lucia, Mc Claude Emmanuel, has been developing the Citizenship By Investment Programme of Saint Lucia in a mould which fits the needs of every investor.
With a special emphasis being laid upon the due-diligence process, the programme has developed as far more credible, which primarily rules out the possibility of citizenship being bestowed to dishonest and unreliable investors. As the CIP head, Emmanuel, remarked, the applications of each investor undergo stringent procedures and due-diligence checks from the third-party independent international firms as well as the CIP unit itself as well to ensure that the applicants are truly deserving of citizenship.
The head of CIP reiterated that the Saint Lucian Citizenship by Investment Programme is being subjected to new policies, and agendas to make it the world’s highest-ranked citizenship by investment programme. Additionally, the amendments will provide an edge to the programme over its counterparts.
Below are the recent amendments that have been made to the Saint Lucia Citizenship By Investment Programme, which have been effective from January 1, 2023.
– The Replacement Fee for a lost/damaged certificate has been increased to USD 500 from USD 100.
-Developers will have to pay a fee of USD 7,500, which is inclusive of due diligence and background checks while applying for CIP-approved real estate or enterprise projects.
– The investment amount into Saint Lucia National Economic Fund will also be increased for additional dependents aged twelve months or below, i.e. from USD 500 TO USD 5000.
– The investment in the real estate option has been reduced to USD 200,000.
Additionally, the CIP unit has introduced a new ‘Bond Offer’ for investment in the purchase of non-interest-bearing Government bonds. The bond-purchase amount for the applicant and all qualifying dependents of any number is USD 300,000 for a five-year term. The administrative fee for the same will be USD 50,000.
