Saint Lucia has been emerging as one of the fastest-growing economies in the Caribbean region. The nation is well-known for offering various investment and business opportunities to people looking for options to plan their wealth and diversify their portfolios.
Citizenship by Investment Programmes has emerged as a perfect choice as it offers ideal business opportunities to investors without boundary limitations. Many of the host countries allow travelling half of the world. The host countries are usually less politically chaotic and share friendly ties with other countries.
For instance, the Caribbean island of Saint Lucia offers one of the finest CBI Programmes in the world and shares a good bilateral relationship with some of the world’s leading business markets. This benefits the people who want to expand their businesses with alternative citizenship; easy access to these markets helps in the growth of business worldwide.
The Caribbean country is recognized for providing a second home not just to investors but to their families too. The nation is also lauded for its advanced and modernized infrastructure. Saint Lucia has one of the most resilient, modernized education and healthcare systems in the region, which makes them ideal for investors and their families.
Notably, Saint Lucia, one of the best Eastern Caribbean economies, has been emerging as a new favourite for investors and high-net-worth individuals. The country has been becoming a choice because of the stable currency, the growing economy as well as a stable business environment. It is worth noting that all these factors provide growth and advancement to not just the country but to investors as well.
The Citizenship by Investment Programme of this Caribbean country attracts Foreign Direct Investments for the nation through the investments which can be further used for the building of various projects, such as the development of infrastructure, advancement of real estate, business expansion and job innovation.
CBI Index 2022, published by PWM Magazine of Financial Times, reported that CBI is assuring the small island nation of Saint Lucia has become independent, developed and prosperous in the true sense. The report also recognized the programme for its “Ease of Processing” and “Due Diligence” Pillars. This year, Saint Lucia’s Citizenship by Investment Programme climbed a spot and gained the third position.
Saint Lucia’s Citizenship by Investment unit makes sure that citizenship is given to a credible applicant/ investor. All applicants and their dependants over the age of sixteen are subject to multi-layered due diligence checks to qualify for alternative citizenship. Saint Lucia asks for detailed information from the applicants to understand the funding source of the investors who want citizenship.
Regarding this, the Investment Minister, Ernest Hilaire, recently addressed the concerns and fears related to the CBI Programme. He assured that the government of Saint Lucia and the CBI Unit of the nation performs a strict and rigid due diligence process. Hilaire explained that the due diligence process is a multi-layered procedure. “Due diligence is performed by us on the individuals; then the banks perform do due diligence only then are they accepted. After that, it goes through Intelligence and various assessments so,” he declared.
He furthermore commented that the government and unit have been planning to review the CBI programme, making it more attractive as well as competitive. Ernest Hilaire further announced that it would maintain its rigorous but seamless vetting process.
The programme is the newest in the region, as it was launched in the year 2016. Despite being the newest, the government has made sure to set the bar of the CBI programme very high. The programme has been regarded as one of the most advanced, secure as well as transparent programmes.
This prestigious programme has also helped the nation in the development of schools, healthcare facilities, roads and other public infrastructure. The funds from the programme have been directly contributing to advancing the standard of living of Saint Lucians.
Alternative citizenship in the Caribbean nation is emerging as a platform to alleviate and tackle the risk of uncertainty and unpredictability in future. There is no other better plan than investing in building a new home at a place which offers with ample opportunities and, most importantly, peace out of the hustle and bustle of big cities.