Saint Lucia CIP Extends COVID-19 Relief Bond Option
The discounted bond option will remain in place for at least another year.
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New St. Lucia Govt. Aims to Take Direct Control of CBI-Fund: Can’t Let It “Be Turned Into a Slush Fund” Says Chastanet
“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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“Massive Uptick” in American CBI Investors Physically Relocating to Saint Lucia
American CBI investors, particularly those with crypto-interests, are relocating to Saint Lucia in hitherto unseen numbers, says Keith Isaac.
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New Government Ousting Nestor Alfred from Saint Lucia CIU
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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Podcast: Nestor Alfred of the Saint Lucia CIU – “Our Best Year Ever”
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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Saint Lucia Elects New Government: What Does it Mean for the Citizenship by Investment Program?
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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From Laggard to Best-in-Class in Two Years: The Saint Lucia CIU’s Remarkable Comeback
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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Renegotiation of Marketing Agent Agreement Took Toll on Saint Lucia CIU Finances in FY2019-20
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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Saint Lucia CIP Approvals Drop by 32% in FY2019-20
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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Saint Lucia CIP Extends Limited Time Offer on COVID-Relief Bond Option
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: None of The CBI “Naysayer” Scare-Scenarios Have Come to Pass
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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Nestor Alfred: How We Attract Record Application Numbers During a Global Pandemic
“Since the start of our fiscal year – April 1st, 2020 – we have already recorded 154 applications received,” writes CIU-boss Nestor Alfred.
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Saint Lucia Expands Definition of Qualifying Dependants
More flexible age requirements for dependants, young and old, as well as the addition of newborns post-hoc are among the key changes.
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10 on the Weekend – Nestor Alfred: CIP Harmonization Still a Priority
Saint Lucia’s CIU-boss Nestor Alfred looks forward to a time when he can finally see the glass half-full – of Merlot.
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Saint Lucia Introduces Half-Price COVID-Relief Bond, Slew of Other Discounts
St. Lucia becomes the first CIP-jurisdiction to offer a major price reduction in response to the pandemic with the introduction of the COVID-19 Relief Bond.
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Cyprus Govt. Calls For Fast-Track Processing, St Kitts, St Lucia CIPs Go Fully Digital
Saint Kitts & Nevis, Saint Lucia, and Cyprus become the latest citizenship by investment jurisdictions to announce adaptive measures in the face of the crisis.
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Saint Lucia CIP Boosts Commissions: High-Volume Agents Get up to 20%
But agents question whether anyone will actually get to enjoy those elevated commissions, considering the high case volumes they would require.
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Saint Lucia’s First CIP-Project Breaks Ground, Galaxy Developers Promise Opening in “2-3 Years”
As Saint Lucia’s first CBI-approved project breaks ground, the project’s developer promises delivery in 2-3 years. There’s reason to question that estimate.
Read moreSaint Lucia PM Confirms Non-Dom Tax Residency Program Going Ahead
“We don’t ever want to become dependent on CIP,” emphasized Chastanet, who also confirmed OECD had given the country’s tax residency plans the green light.
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Revenues More Than Double for Saint Lucia CIP in 2018-19, But Approval Volume Remains Stable
Saint Lucia’s CIP is growing, but not as fast as some of its neighbors, a state of affairs its head of CIU attributes to the market’s price sensitivity
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