Castries, Saint Lucia: In order to improve the well-being of its residents, the government of Saint Lucia has been concentrating on creating a more robust and sophisticated public infrastructure. In addition to providing jobs for the nation’s inhabitants, the government has been updating and renovating homes, healthcare facilities, hospitals, and educational institutions.
Its infrastructure must be solid for the country’s economy to experience significant growth. To raise general living standards, the Saint Lucia government has recognized the need, made large investments, and created high-quality jobs.
Infrastructure is the economy’s foundation, determining how Saint Lucian citizens may travel, communicate, and make a living. The government is investing in key areas to improve social mobility, employment opportunities, access to basic amenities, and access to ideas and education.
The newly elected government, with Prime Minister Philip J. Pierre at the head, has been working hard to give its people better infrastructure. Making it their top priority, the administration has been working with a new vision. With the assistance of the Citizenship by Investment Programme, the government hopes to create and mold a brand-new, successful, and resilient future (CIP).
The Caribbean’s newest and most innovative programme, Saint Lucia’s Citizenship by Investment Programme, which was introduced in 2016, offers high-net-worth investors an alternative form of citizenship (HNWIs). In addition, the CIP assists the nation in improving and progressing in other areas. Building and establishing a brighter future are essential goals of the Citizenship by Investment Programme.
The government has assured residents and citizens of the country that they will see an increase in developed infrastructure in the upcoming years. The new government endeavours to utilise the funds generated through the programme to build new housing units, schools, hospitals and healthcare, wellness centres, roads, bridges, sports complexes and other projects of public interest.
The world came to a standstill during the COVID-19 pandemic and this in turn placed a spotlight on the need for strong and advanced health infrastructure to manage possible healthcare crises in the future. Saint Lucia has assured the general public that having a new, developed health sector equipped with modern amenities is a priority. The Ministry of Health and Wellness of the country is also taking urgent steps to strengthen the healthcare sector through the CIP of Saint Lucia.
The government of Saint Lucia has announced that part of these plans include the country building a new “smart” hospital with modern equipment and advanced treatment techniques. The hospital will be funded via the Citizenship by Investment Programme of Saint Lucia.
The health ministry of Saint Lucia also recently received a donation of equipment to enhance the healthcare facilities at St Jude Hospital. The hospital now has two significant pieces of medical equipment – a haematology analyser and an immunoassay analyser, which will strengthen the delivery of diagnostic tests in the laboratory of the hospital. This was a significant donation by the Acting Permanent Secretary in the Ministry of Health, Jenny Daniel.
With the installation of new facilities and technology, the government and health ministry also provide training to the medical personnel concerned to enhance their knowledge and broaden their skills.
These upliftments, advancements and developments are either partially or fully funded by the Citizenship by Investment Programme (CIP) of Saint Lucia. The country has been welcoming investors and their families to apply for alternative citizenship since 2016. Saint Lucia’s Citizenship by Investment Programme has performed exceptionally well in the CBI Index 2021, a publication of the PWM Magazine of the Financial Times. The programme ranked four and topped three out of nice pillars of excellence, including minimum investment outlay, mandatory travel or residence and ease of processing.
Besides being one of the top choices for honeymooners and couples, Saint Lucia is also emerging as a choice for High Net Worth Individuals (HWNIs) across the globe for providing numerous business opportunities which will help in wealth planning and portfolio diversification. After witnessing global disasters and biological calamities, the world has become uncertain, and investors and individuals are looking to find a safe, stable and secure environment to spend their life. The CIP Programme of Saint Lucia meets all these requirements. Through this platform, the investors can explore new business opportunities, along with providing a secure future for their children.
An investor can apply for the alternative citizenship of Saint Lucia through the National Economic Fund Investment Option. The Economic Fund Option is popularly known as the Fund Option and contributes toward the socio-economic development of the country. The minimum investment under the Fund Option of Saint Lucia starts from USD 100,000.
The CIP is also known for being one of the most transparent in the industry, providing investors and applicants with an opportunity to access information on how funds are used. Another pillar which makes the CIP of Saint Lucia a strong candidate is its robust due-diligence procedures. The process is conducted by the CIP Unit of Saint Lucia and an independent third-party firm.
The Citizenship by Investment Programme is chosen by investors for the following reasons:
- Makes an individual a global citizen
- Assists the applicant in expanding business overseas and helps in portfolio diversification and wealth planning
- Provides an opportunity to spend the rest of their life in a peaceful and safe environment
- Offers citizenship for life to the investor, which can be passed on to future generations
- It’s a Plan B for the applicants and their families
The investor(s) can apply for the alternative citizenship of Saint Lucia by following the below-mentioned steps:
Step 1: Choose an Authorized Agent to process your application
Step 2: Complete the application
Step 3: Submit the application to the CIP Portal
Step 4: The documents and applications are then verified by the CIP Unit and undergo thorough due-diligence background checks
Step 5: The board takes the decision on the rejection or selection of the application
Step 6: The certificates are then handed over to the applicant
