Following the success of the citizenship by investment programmes of St Kitts and Nevis and Dominica, and the younger programmes of Grenada and Antigua and Barbuda, St Lucia has seized the opportunity to establish its own economic citizenship programme. Only last week, the Senate of St Lucia approved the nation’s first Citizenship by Investment Bill, amidst popular support. The move is the latest attempt on the part of the Government of St Lucia to fuel economic growth.

The Government of St Lucia has mirrored its Caribbean neighbours in underlining the importance of transparency in the programme and strict Government supervision. Prime Minister Kenny Davis Anthony stressed that “the honour and integrity of St Lucia must be uppermost” and that the nation would not “make citizenship available to the highest bidder at any price, at any cost.”

On 15 and 16 June 2015, the nations of St Kitts and Nevis, Dominica, Grenada, and Antigua and Barbuda came together in Basseterre to discuss best practice and the strengthening of their programmes at the first ever Meeting of Caribbean Region Citizenship by Investment Programmes. This inaugural event marked an important step towards transparency and collaboration, and was hosted by IPSA International, a firm that specialises in transparency, due diligence, and risk mitigation. With these four countries joining forces to make the Caribbean programmes ever more reputable, St Lucia is likely to want to become a part of these discussions. The Honourable Victor Phillip La Corbiniere, Minister for Legal Affairs, Home Affairs and National Security, has already suggested the creation of a “standing committee” to keep the programmes “under constant examination” and the Government “properly advised on developments taking place in this area.”

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Source: http://csglobalpartners.com/st-lucia-to-emulate-four-other-caribbean-nations-to-offer-citizenship-by-investment/#sthash.bBq6Zxpz.dpuf