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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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“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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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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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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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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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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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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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 more“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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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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When Saint Lucia’s CIU last week announced it would begin to accept the inclusion of dependents in already approved citizenship
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The Citizenship by Investment Programme Association (CIPA) has appointed Nestor Alfred, CEO of the Saint Lucia Citizenship by Investment Unit, as its chairman, CIPA informs IMI.
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After suffering teething pains for the better part of 2016, the Caribbean’s youngest citizenship by investment program – the Saint Lucia CIP – has found its bearings and is finally putting the processing pedal to the metal.
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Saint Lucia’s Leader of the Parliamentary opposition – Philip J. Pierre – has filed a motion of no confidence against
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Former Prime Minister Dr. Kenny Anthony said, on Friday, he had filed a claim in the High Court against the
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In a recent interview with the St. Lucia Star, Nestor Alfred, CEO of the St. Lucia Citizenship by Investment Unit
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