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PRESS RELEASE – The SLHTA hosted a very successful discussion this week between its members and the Chairman of the Saint Lucia Citizenship by Investment Program Dr. Ernest Hilaire. The discussions focused on a number of issues related to the program such due diligence considerations, application process, areas of qualification and ideas for expansion of the program after its launch in January 2016.
Dr. Hilaire lauded the hard work of the CIP staff thus far, in creating systems and operating procedures to guide the work of the CIP Secretariat. He expressed satisfaction and pride in the fact that most of this related work was done by Saint Lucian professionals.
SLHTA members posed a number of concerns to the CIP Chair regarding functionality of the National Economic Fund, qualification criteria for real estate interests and minimum net worth of interested investors. The CIP is expected to launch its branding strategy later this month.
The Citizenship by Investment Unit began receiving applications as of Thursday Dec. 3, 2015 from persons interested in obtaining an Authorized Agent Licence. The application package for authorized agents became available on Monday, Nov. 23. Interested persons are advised to email [email protected] to request a copy of the package.