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PRESS RELEASE: Joint statement by Invest Saint Lucia and CIU on statements made regarding applications

Press Release

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lc-passportIt has been brought to the attention of Invest Saint Lucia (ISL) and the Citizenship by Investment Unit (CIU) that statements have been made regarding ongoing negotiations and applications before our offices.

Our aim is to attract investment to Saint Lucia and to facilitate the continued development of our country.

It has become increasingly concerning that there are ongoing attempts to negatively impact the work of Invest Saint Lucia, the Citizenship by Investment Unit responsible for the CIP (Citizenship by Investment Programme) and the reputation of potential investors without reference to factual information.

This can affect how we are perceived on the world market by investors and our ability to attract investors.

In line with obligations regarding confidentiality, ISL and the CIU do not divulge confidential information about potential projects. However, it is necessary to clarify misinformation in the public domain, as follows:

  • Invest Saint Lucia and the Citizenship by Investment Unit have not rejected the DSH project
  • Invest Saint Lucia and the Citizenship by Investment Unit have never recommended to Cabinet that the DSH project not be approved
  • Invest Saint Lucia has been in negotiations with Mr. Teo Ah Khing and DSH for the Pearl of the Caribbean Project since 2015, and continues to facilitate the investor’s establishment to make this project a success.
(27)(5)
This article was posted in its entirety as received by stlucianewsonline.com. This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

4 comments

  1. thats what the PM tell you all guys to say ...we didnt expect to hear anything else ...

    (0)(0)
  2. Vieux Fort south

    So why did Earnest Hillary lie to media persons at their press conference?

    (7)(0)
  3. straight SHOOTER

    C I P IS BAD FOR ST LUCIA. SOME ONE IS LOOKING TO MAKE A LOT OF MONEY FROM C I P NOT YOU THEM.

    (5)(14)
  4. Get on with the project already!

    (12)(7)

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