For Sovereign Individuals and Their Advisors
St. Lucia’s CIU gives Bluemina the designation of Government Marketing Agent. The firm marks the occasion by adding a stripe to its logo.
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Iranians now rejoin North Koreans in having the most banned nationality for citizenship by investment purposes.
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The Saint Lucia Citizenship by Investment Program’s new bond option is exceptionally cost-effective for larger families, writes NTL Trust.
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The new regulations reduce the minimum investment for real estate, introduce a new bond option, and update a number of fees.
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“This appointment is very important for St Lucia. RIF Trust and Latitude are significant players[…],” commented the Hon. Dr Ernest Hilaire.
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“We, fundamentally, have no issue accepting Russians,” says Saint Lucia CIU head Mc Claude Emmanuel in an exclusive interview with IMI.
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The program’s due diligence partners has assured the CIU that they are once more able to conduct adequate due diligence in Iran.
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Applications, approvals, passport issuances, and investment all more than doubled and set all-time highs. US applicant approvals rose 900%.
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40 years have passed since countries first began selling citizenships. See our timeline of the history of citizenship by investment programs.
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The discounted bond option will remain in place for at least another year.
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“We cannot sit by and allow CIP to be turned into a slush fund at the whims and fancies of the Cabinet,” said MP Allen Chastanet.
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American CBI investors, particularly those with crypto-interests, are relocating to Saint Lucia in hitherto unseen numbers, says Keith Isaac.
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An email circulated among staff at the Saint Lucia CIU indicates Nestor Alfred’s tenure is coming to a close following a political shake-up.
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On whether he worries for the future of the program under the new government: “At this stage, I don’t have that kind of fear, no.”
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The opposition has swept Allen Chastanet’s United Workers Party from office in a decisive electoral victory. What does it mean for the CIP?
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In our annual survey, industry executives identified the Saint Lucia CIU as the most efficient processing unit last year. CIU-boss Nestor Alfred shares details of the turnaround operation in this interview.
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Though costs associated with renegotiations drove a deficit internally in the CIU, Saint Lucia’s CIP has so far raised near US$50m in contributions.
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The drop, according to Ryan Devaux, Chairman of the CBI Board, was owed to a now-resolved impasse with the program’s international promoters.
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Once more confirming the tried-and-true IMI adage that says “nothing is so unlimited as a limited time offer on Caribbean CBI.”
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PM Chastanet says Saint Lucia for many years held the same position on CBI as PM Gonsalves and points out that CBI “naysayer” scare-scenarios have not come to pass.
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