News

St Lucia Closer to Launching Citizenship by Investment

By: Caribbean Journal Staff - August 9, 2015

Senate approval for major project

By the Caribbean Journal staff

St Lucia is closer to launching a proposed citizenship by investment programme.

The country’s new Citizenship by Investment bill was approved by the island’s senate last week.

St Lucia Minister for Legal Affairs, Home Affairs and National Security Victor Phillip La Corbiniere said the bill would “boost Saint Lucia’s economy.”

If launched, it would make St Lucia the latest Eastern Caribbean country to offer citizenship by investment, along with countries including St Kitts and Nevis, Antigua and Barbuda and Dominica.

“We know that the Citizenship by Investment program has the potential to generate significant sums of money, and it is important particularly at this time—in terms of the economic realities of the world and economic realities of Saint Lucia—to look at various modalities such as this to raise the requisite revenue,” La Corbiniere said.

“We cannot sit back as other countries participate in this process,” he said. “I would suggest perhaps that down the line, it may well be that countries in the Caribbean that have citizenship by investment programs may want to look at coming together in some kind of standing committee. Perhaps a standing committee of CARICOM to keep this matter under constant examination and to be able to keep the government properly advised on developments taking place in this area, and how we need to be proactive in addressing some of these issues.”

Popular Posts w punta cana

A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]


Why Grenada Is a New Caribbean Luxury Hotspot

beach house silversands

From its world-renowned chocolate to its pristine beaches to a region-leading focus on sustainability, Grenada is as fascinating and unique as destination as you’ll find in the Caribbean.  But in the last few years, the lush Eastern Caribberan island has […]


5 Adults-Only Resorts to Visit Right Now in the Caribbean 

galley bay

Sometimes you just want that extra degree of serenity, of privacy, of seclusion. There is a reason, after all, that adults-only resorts are booming in popularity, particularly in the Caribbean: travelers want to know that when they arrive, they know […]


Related Posts nobu los cabos

Frontier Is Adding a New Nonstop Flight to Los Cabos 

It’s one of the most popular hotel destinations in Mexico: Los Cabos, which has seen a broad boom in recent years with the entry to market of brands like Nobu, Thompson, Marriott and Waldorf Astoria, among others.  That has led, […]


This Former Caribbean Rockefeller Resort Is for Sale

caribbean rockefeller resort

In 1986, Laurance Rockefeller, the founder of Rock Resorts, developed 27 acres of prime beachfront land into what was for decades one of the sought after places to stay in the Caribbean. Now, the four-star, 150-room resort is for sale, […]


Vote for the 2024 Caribbean Green Awards, from Green Energy to Sustainable Hotels

caribbean green

Hotels serving organic food grown by local farmers. Airports powered by large solar fields. Pristine coastlines protected by marine parks. Real estate developments fueled by clean energy. It’s an exciting time for the Green movement in the Caribbean, a region […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You