The Investment Migration Knowledge Platform
Saint Lucia’s Leader of the Parliamentary opposition – Philip J. Pierre – has filed a motion of no confidence against Prime Minister Allen Chastanet. Among several other criticisms, Pierre cites the PM’s unwillingness to divulge details on the use of funds from the country’s Citizenship by Investment Programme. According to Caribbean News Now, Pierre charges
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Former Prime Minister Dr. Kenny Anthony said, on Friday, he had filed a claim in the High Court against the government of St. Lucia regarding the agreements reached with Desert Star Holding Ltd. (DSH), the Hong Kong-based developer behind the CBI-financed project. The claim seeks declarations from the court that the agreements between the government
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Following the stagnation of the planned Ritz-Carlton CBI-development in Saint Lucia – an administrative failure for which Saint Lucian Prime Minister Allen Chastanet assumed full responsibility in April – the PM is now faced with an ultimatum from Range: Repay the money invested in Black Bay, or expect a lawsuit. Related: “I Take Full Responsibility” Says
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Saint Lucia’s Prime Minister Chastanet responded to American concerns about his country’s CIP by reiterating calls for Caribbean CIP harmonization. In its annual International Narcotics Control Strategy Report issued this week, the US government cited concerns about political influence over the Saint Lucia Citizenship by Investment Program, as well as exposure to local corruption. Responding to
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Addressing parliament this week, Saint Lucian Prime Minister Allen Chastanet responded to a variety of matters raised by the opposition about the country’s Citizenship by Investment Programme, including application processing delays, the stalling of Range Development’s planned Ritz Carlton, and the policy of publishing the names of individuals whose citizenships have been revoked, according to
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Prime Minister Allen Chastanet of Saint Lucia, home to the Caribbean’s youngest citizenship by investment program (CIP), favors the concept of ceding local control and administration of the region’s CIPs to the Organization of Eastern Caribbean States (OECS), according to an article in the Saint Lucia Times. Chastanet, together with Prime Minister of Dominica, Roosevelt
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Opinion of the editor: December is already upon us, and although reports surfaced ten days ago of the Caribbean heads of state convening to tackle the “race to the bottom” among citizenship by investment programs, we have yet to see so much as a statement confirming that the meeting even took place. I’m about as
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In an exclusive interview, Saint Lucia’s Prime Minister Allen Chastanet speaks to Investment Migration Insider about the citizenship by investment price war, how Caribbean leaders have been “too busy” to discuss a price floor, his plans to accept payments in euros and yen, and also shares details on the upcoming tax residency program. No publication
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Tax residency programs are the dernier cri among Caribbean CIP countries. Saint Lucia, ever the trendsetter, kicked off the craze in Geneva on June 6th when Prime Minister Chastanet, during an exclusive interview with Investment Migration Insider, revealed that his government was rolling out a tax residency program together with the Headquarters Act. Some three
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HTS News4orce reports it has been “reliably informed” that the Saint Lucia Citizenship by Investment Unit’s Board of Directors has sent the CEO, Cindy McLean, on administrative leave with immediate effect. McLean, who has headed the CIU since its beginning in late 2015, reportedly came under fire last month for statements she made that contradicted
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Representatives from the five Caribbean Citizenship by Investment Programmes (CIPs) convened yesterday in Saint Lucia in a meeting orchestrated by the Organization of Eastern Caribbean States (OECS) to “explore opportunities for increased collaboration and harmonization of due diligence processes”, according to a press release. Perceived by many as a first step on the path toward
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In a press statement released today in response to statements Saint Lucian Prime Minister Allen Chastanet made in Geneva on June 7th, reported by Investment Migration Insider, the Saint Lucia Labour Party claims the PM’s statements are inconsistent with Saint Lucian law. “The law presently only allows for one generation only, to inherit citizenship by
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This below video is an excerpt of Investment Migration Insider’s interview with Prime Minister Allen Chastanet in Geneva, in which he discussed the upcoming changes to the Saint Lucia CIP, his plans to turn Castries in a “Monaco of the Caribbean” by introducing the Headquarters Act and a new residence program, as well as why
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Investment Migration Insider caught up with Prime Minister Allen Chastanet in Geneva to discuss upcoming changes to the Saint Lucia CIP, his plans to turn Castries in a “Monaco of the Caribbean” by introducing the Headquarters Act and a new residence program, as well as why he believes the Caribbean citizenship by investment programs should
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It was during Wednesday’s session of the Investment Migration Forum, in front of three hundred or so delegates assembled in the Geneva Kempinski’s Grand Ballroom, that Saint Lucian Prime Minister Allen Chastanet announced his country’s CIP will begin paying a 10% commission to all registered agents promoting the $100,000 contribution option. The audience – a
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