SAINT LUCIA UPDATES CITIZENSHIP BY INVESTMENT REGULATIONS EFFECTIVE JAN 1, 2023

CASTRIES, Dec 30 (Bernama) -- Saint Lucia has updated the regulations of its Citizenship by Investment Programme to remain increasingly competitive while ensuring the Caribbean country fulfils its mandate of growing demand for its investment products to benefit the people of Saint Lucia.

The island nation has made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.

In a statement, Saint Lucia said the amendments to the existing regulations will take effect from Jan 1 next year.

The Caribbean country is emerging as one of the fastest-growing economies in the region and the nation is well-known for offering various investment and business opportunities.

“Lauded for its advanced and modernised infrastructure, Saint Lucia has one of the most resilient, modernised education and healthcare systems in the region,” it said.

Through the National Economic Fund, this programme has helped the nation to develop important public infrastructure, and the funds from the programme have been directly contributing to advancing the standard of living of Saint Lucians.

While the programme is the newest in the region, launched in 2016, the government has made sure to set the bar very high.

According to the statement, the programme has been regarded as one of the most advanced, secure as well as transparent such programmes.

-- BERNAMA