PRESS RELEASE – The Saint Lucia Labour Party continues to express its deepest concern with the actions of the Allen Chastanet Administration which serves to undermine the integrity and reputation of the Citizenship by Investment Programme (CIP).
The Labour Party believes that the removal of the US$3 million net worth, the cheapening of the level of donation as a qualifying investment and the removal of the annual limit of 500 applications and the guarantee of processing all Desert Star Holdings (DSH) applicants in 35 days should all be reconsidered for the sake of the reputation of Saint Lucia.
These changes will undoubtedly undermine the national security safeguards which were embedded in the setting up of the CIP.
DSH is a controversial development proposed for the southern community of Vieux Fort including a race track covering over 700 acres. The development has generated national condemnation because of the terms of the agreement which includes leasing land at $1 per acre for 99 years.
The SLP wishes to inform that a Labour Party Government will review every citizenship granted by the UWP under these new requirements. The Labour Party believes that the CIP should be presented as a premium, selective and highly valued option and not sold as the cheapest option available to any and everybody.