Castries, Saint Lucia: The CEO (Chief Executing Officer) of the Citizenship by Investment Unit (CIP) of Saint Lucia, MC Claude Emmanuel, is doing exceptional work to make the programme more effective and beneficial to the investors.
The Citizenship by Investment Programme (CIP) of Saint Lucia was Launched in 2016 and became one of the top performers in the Caribbean region. In addition, “Under Emmanuel’s guidance, the demand for the programme skyrocketed amongst high net-worth individuals (HNWIs),” said reports.
Furthermore, Saint Lucia offers an advanced, secure and transparent programme despite being the newest Caribbean programme in this industry. “The country’s Citizenship by Investment Unit is committed to making the programme a worthwhile investment option to consider,” said the CIP CEO.
According to CEO MC Emmanuel, the Saint Lucia CIP unit continues to evolve and adapt to fulfil the needs of the modern world and is now one of the most popular CBI programmes in the world. Moreover, it has emerged as the perfect choice for investors who want to avoid border limitations and looking for ideal business opportunities.
“Saint Lucia Citizenship by Investment Programme has been moving ahead with plans to position itself as a notable alternative to global investors in the investment mobility industry,” noted Mc Claude Emmanuel.
Moreover, as the world is dealing with uncertainty, entrepreneurs have been looking for stable, safe, and peaceful destinations to move or start their businesses by taking advantage of the new facilities and opportunities.
The CBI programme of Saint Lucia is considered Economic citizenship, which is the right choice for potential investors. Through this, Investors can protect and grow their wealth by investing in alternative citizenship, which helps in portfolio diversification and wealth planning.
The reports have conveyed that the primary focus of the CEO MC Claude is to carry out robust, stringent and scrutinized due-diligence procedures to ensure that only credible and honest investors will be able to attain the benefit of alternative citizenship of Saint Lucia.
In his remarks, Emmanuel also explained that applications from each investor are subject to strict procedures and due diligence checks, with each application being checked by an independent international third-party firm and the CIP Unit to cross-check that investors or applicants are of the highest calibre.
Additionally, the CIP Unit CEO assured that new policies, agendas and programmes are continually being adopted to make Saint Lucia’s Citizenship by Investment Programme the world’s number one.
In addition, in order to remain increasingly competitive and attract the HNWIs, Citizenship by Investment Unit of Saint Lucia has amended the regulations of its programme. It made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.
The CEO MC Claude Emmanuel further mentioned news amendments to the existing regulations, which have taken effect from 1 January 2023, read as follows:
– The replacement fee for a lost or damaged certificate has increased from USD 100 to USD 500
– A fee of USD 7,500 is applied for the developers, which will include due diligence and background check, applying under the CIP-approved real estate or enterprise project.
– The investment into the Saint Lucia National Economic Fund has also been increased for an additional dependent who is twelve months or below. The price will be increased from USD 500 to USD 5000.
– The real-estate option investment has been reduced from USD 300,000 to USD 200,000.
– The unit has introduced a new ‘Bond Offer’ for investment by the purchase of non-interest-bearing Government Bonds. The bond purchase sum for the applicant and all qualifying dependents of any number is USD 300,000 for a period of five years. The Administrative fee for the same is USD 50,000.