The St Lucia Citizenship by Investment Program celebrates its 5th anniversary since launching the scheme in 2015. The Citizenship by Investment Programme combines the best interests of Saint Lucia with the advantages of foreign investment.
The Official Launch of the Citizenship by Investment Programme in Saint Lucia on 29th December 2015 following Citizenship by Investment No. 14 of 2015 enacted on 24th August, 2015 to enable persons to acquire citizenship of Saint Lucia by registration following a qualifying investment in Saint Lucia and for related matters. Successful applicants receive immediate benefits, including a Saint Lucia passport that allows visa-free or visa-on-arrival travel to more than 146 countries.
CIP Saint Lucia does not focus entirely on volume. We exist to create sustainable value for Saint Lucia and our people. We want a future where CIP Saint Lucia will continue to be a catalyst for strategic economic diversification and growth. We guarantee this Our absolute commitment to transparency, governance and due diligence.
-CEO, Nestor wrote in his blog
The St Lucia Citizenship by Investment Unit salutes the Nation, St Lucia on its 42nd Independence Anniversary. As St Lucia celebrates its 42nd Independence Anniversary, amidst COVID-19, the independence theme (A Resilient Nation- We can, We will), instils courage and a reminder that as a young nation we can conquer this virus by following all protocols and being safe
St Lucia Citizenship by investment Programme is celebrating its 5th anniversary, and we share this moment with the Nation. We move forward in fulfilling our mandate as being a sustainable liquidity source and a participant in the economic development of our country. May God bless our country.
CEO, CIP Saint Lucia – Nestor Alfred
A very good article “Passport to prosperity” with interview with Nestor recently published in the Sustainable Business Magazine
In this article, Nestor explains the screening system of vett candidates, which is at the heart of CIP preserving the integrity of the program.
At the center of Saint Lucia’s CIP is a commitment to rigorous due diligence.
“There’s some common traits amongst the islands that operate CIP programs,” says Mr. Alfred. “All these countries have beautiful sunshine, blue seas, and white sand. But here in Saint Lucia, we spare absolutely no effort regarding the conduct of due diligence. From the outset, the island decided that the grant of citizenship ought not to be in the hands of politicians, but in the hands of competent technocrats and so legislation provided for the setting up of a board of directors, who are charged with the final decision over whether any individual citizenship is granted or denied. Likewise, Saint Lucia’s legislation
We work closely with CARICOM IMPACS and through its “sister” organization, Joint Regional Communication Centre based in Barbados, together with our own Law Enforcement, to ensure that before we grant citizenship, intelligence information is obtained on every single applicant.
It is essential that we know whether any applicant is wanted by any other country; whether they’re on Interpol red lists; or whether they’re involved in criminal or terrorist activities. To ad-vance the due diligence process further, we have contracted international due diligence firms. These firms have the responsibility to create a profile of our applicants, to confirm that they exist, they have friends, a home, a workplace. Without deliberate due process, we know that we cannot make an informed decision on the grant/decline of citizenship to any applicant.”
“Since the pandemic began, the CIP has recorded its best performance in 5 years with an increase in revenue with excess of 100%” said Nestor in the publication.
