Saint Lucia Global Residence and Citizenship Programme

Posted by Hanna G Fitz on Tuesday, February 17, 2015 Under: Investing In Saint Lucia

Saint Lucia is now considering implementing a global residence and citizenship programme. A committee was set up and requested “to consider the question of broadening the framework under which citizenship might be offered as a part of a program of investing” in the country, and in that regard to “determine whether Saint Lucia should establish an economic program, and if so, the best model to adopt." 

A report was submitted to cabinet ministers on the feasibility of implementing the programme. In its report, the committee took the view that a residence and citizenship programme could help supplement the loss of income from some of the traditional economic activities which had been essential contributors to the growth of the Saint Lucian economy between the 1960s and the 1990s, which have now lost their significance, particularly due to the loss of preferential arrangements and other factors relating to increasing globalization and the liberalization of world production and trading arrangements. A decision was taken by the Cabinet of Ministers that the recommendations made by the Task Force should be the subject of wide public consideration and is now open to public comment until 5th March, 2015. 

What is a Global Residence Programme? 

The GRP is a programme designed to attract individuals who are not nationals of a country and who are not long-term residents.  Citizenship by Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. Countries like Austria, Antigua and Barbuda, Malta, and St. Kitts and Nevis have successfully implemented the Citizenship-by-Investment programs. 

You can download a copy of the proposal for Global Residence and Citizenship Programme in Saint Lucia here

In : Investing In Saint Lucia 

Tags: saint lucia  investing in saint lucia  caribbean  citizenship  investment scheme  citizenship by investment 

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