The St Lucia parliament has passed a bill through the Lower House of Assembly Tuesday and the Senate Thursday will give the Board of the Citizenship by Investment Programme (CIP) the authorisation to issue licenses to agents.
Financial Services Regulatory Authority will no longer issue CIP licenses to agents.
The bill, called the Citizenship by Investment Amendment Bill, was first introduced in parliament by Prime Minister Allen Chastanet, who said by way of explanation that its purpose was to amend certain sections of the Citizenship by Investment Act No. 14 of 2015.
Currently there are 16 authorized agents with CIP licenses under the citizenship by investment program
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