The St Lucia Government has published estimates of Citizenship by investment program fees in the Estimates of Revenue and Expenditure report for 2018/19.
In the report St Lucia’s actual CIP revenues is $5.9 million during 2016/2017 and revised estimates for CIP revenue for 2017/18 is $21.4 million.
According to St Lucia Times, Chief Executive Officer (CEO) of the CIP St Lucia, Nestor Alfred,revealed at a press conference about three weeks before the release of the publication , that 259 persons had been granted citizenship under the CIP.
Saint Lucia recently stripped Citizenship to 6 persons for bringing disrepute to the country.
During the 2018 budget speech, Prime Minister revealed that several new real estate developments will be coming to St Lucia and the Government has plans to introduce a new residency program for high net worth individuals.
- Fairmont in Choiseul expected to commence in the second quarter of 2018;
- Marriott Courtyard at Pointe Seraphine
- Sandals La Source and the Gregg Norman Golf Course
- Bay Gardens residences
- Dreams and Secrets in Canelles, Micoud; etc
- And continued development of the Pearl of the Caribbean Project
Source: https://www.finance.gov.lc/resources/download/2078 (pdf)
