Saint Lucia Chamber continues discussion on Citizenship by Investment Program

Saint Lucia Chamber continues discussion on Citizenship by Investment Program
CIU CEO Nestor Alfred.
The Saint Lucia Gazette page (left) has featured the names of six persons whose citizenship were revoked under the CIP. At right is the CIU CEO, Nestor Alfred.

(PRESS RELEASE VIA SNO) – Citizenship by Investment Programs in the Eastern Caribbean and the world over are coming under greater scrutiny.

How is St. Lucia’s CIP responding to that intense monitoring and criticism by the OECD Countries? How are we seeking to distinguish ourselves as not another one of those subject to criminal elements? What does the revocation of Citizenship by St. Lucia mean?

These and many other questions will be answered when the Chairman of St. Lucia’s Citizenship by Investment Program, Mr. Ryan Devaux and the new Chief Executive Officer Mr. Nestor Alfred address the April Executive Luncheon of the St. Lucia Chamber of Commerce Industry and Agriculture.

Last year the CIP addressed the Chamber Membership. One year later we will be discussing performance and the impact of the changes made. We will also get some insight into the proposed Residency Program which Government is considering. How different is Residency to CIP, and what are the inherent risks?

This powerful luncheon should be attended by all interested in understanding this major initiative which can have a profound impact on our economy and country. The St. Lucia Chamber of Commerce Industry and Agriculture is proud to host such an important discussion over Lunch which will give members and the wider business community an opportunity to ask pertinent questions.

The Lunch takes place on Friday April 13th 2018, from 12:30 p.m. at the Bouganvillia Conference Room, Bay Gardens Hotel. A subsequent presentation is being organized for the south of the island.

St. Lucia and other OECS countries have been issued stern warnings by OECD Countries regarding the threats to the CIP as far as money laundering, terrorism and tax evasion.

Chairman of the St. Lucia’s Citizen by Investment Program, Mr. Ryan Devaux will speak on the theme The CIP: Structure, Performance Threats, Challenges and Opportunities: Responding.

The Chamber encourages the business community to come out in support and get their voices heard on this national issue.

For more information please contact the Chamber at 452-3165 or [email protected]


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  1. I would support economic sanctions on countries with CIP programs even though I would suffer for it, just to teach these sell-outs a lesson. The most poor and vulnerable will suffer the most.


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