Saint Lucia grants 38 citizenships through CIP

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Saint Lucia grants 38 citizenships through CIP

st-lucia-passport

Some 38 people have been granted citizenship in Saint Lucia through the Citizenship by Investment Programme (CIP) it was revealed on Tuesday at a CIP public consultation.

Chairman of the CIP board Ryan Devaux said these citizenship were granted after 11 applications were approved. These persons are from the Middle East, North Africa, North America, Europe, Rusia and Asia.

In total, 14  families and four single applicants have applied to CIP to date, which comprises a total of 65 individuals. Three applications have been denied and four pending.

Devaux said while the processing period for each application varied from 42 days to 72 days, he reminded the audience that there is a strict compliance and due diligence process for the CIP.

He disclosed that five purchases of bonds have been approved totaling a  sum of US$2,725,000, while donations to the National Economic Fund have been approved totaling a sum of US$1,475,000.

Government had promised to relaunch the CIP and strengthen it after criticizing the previous administration sayin that it lacked accountability and transparency.

Saint Lucia became the fifth Eastern Caribbean nation to introduce CIP in January of this year.

The United States government has warned regional countries offering the CIP, to refrain from issuing “unless the issuing government is confident beyond a reasonable doubt that the individual is a bona fide applicant”.

So far, there has been tremendous interest in several projects precisely because of Saint Lucia’s tourism product.

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14 COMMENTS

  1. NAH LUCIA AINT FOR SALE ITS A MOVE TO BIG UP DE COUNTRY CREATE MORE JOBS DEM FOLKS COMING HERE TO START BUSINESSES DAT HAVE TO HIRE FIRST THE LOCALS GET EDUCATED PPL AT DA END OF DA DAY IF DEM FOLKS DONT ABIDE BY DA AGRREMENT THEY GET DONALD TRUMPED SO DEY HAVE TO ABIDE BY DE AGREEMENT GIVE IT A CHANCE LETS SEE

    (0)(2)

  2. The very thing to happen to Lucia is to be SOLD out to foreigners, such a shameful episode come to think of it.

    And we know that all things work together for good to them that love God, to them who are called according to his purpose.....Romans 8:28...KJV.

    (4)(0)

    • Certainly. And it is born and bred St. Lucians who will feel the ill effects of that when we get visa restrictions everything. Chastanet, Kenny and all their cronies have diplomatic passports. Unless we hold those suckers accountable nothing will change. Just remember the French Revolution.

      (2)(0)

  3. Time will tell where we are headed. The poor man's chances will only get slimmer by the day. How can the poor compete with the rich (foreigners) ? The price of everything including land will go to the highest bidder.

    (10)(0)

  4. I need to know who are those families/persons and nationalities. And for just $4,000,000? We are really settling for nothing.

    (9)(1)

  5. do the new citizens have automatically double citizenship ? No matter what is the original country where they coming from ?

    (7)(0)

    • People thumb you down thatisit. I agree with your comment, if they only knew how these Arabs are. They will see.

      (2)(0)

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