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St. Lucia joins Caribbean countries in signing of MOA, New changes Proposed

Latest Updates from St. Lucia

In an announcement made on Monday 3rd June 2024, the government of St. Lucia confirms their agreement to join forces with the Organization of Eastern Caribbean States (OECS) for signing the Memorandum of Agreement. (MOA) On March 20th, 2024, The Organization of Eastern Caribbean States proposed the Memorandum of Agreement which was signed by the four Caribbean countries – Antigua and Barbuda, Commonwealth of Dominica, Grenada, and St. Kitts and Nevis respectively.

This step was taken to ensure enhancement and standardization of the Citizenship by Investment programs among all countries. One of the main clauses in the agreement included a uniform minimum price for all programs. This price range was set as US $200,000. With the statement delivered by Prime Minister Mr. Phillip J. Pierre, on 3rd June 2024, St. Lucia’s commitment to the agreement was affirmed.

The five signatory countries commit to transparent and diligent practices certifying safety, stability, and success of Citizenship by Investment programs. Along with signing the MOA with other Caribbean countries, St. Lucia has proposed new amendments to their Citizenship by Investment program enabling standardized and integral measures.

The proposed amendments to strengthen the country’s program structure are as follows:
  1. An annual Quota 
  2. The net worth for applicants
  3. Escrow accounts to be held in St. Lucia or individual islands.
  4. A requirement to allow only licensed promoters to submit applicants to local authorized agents and these promoters will have to submit a due diligence report on each applicant.

St. Lucia’s Citizenship by Investment program continues to strive to uphold a transparent and diligent process streamlining individuals and families with a secured second passport and future. This pathway to citizenship prospers the nation’s best interests through sustainable development initiatives and economic growth opportunities.

At UNO Capital we offer a range of Citizenship by Investment and Residency by Investment programs. To learn more about St. Lucia’s program features, benefits, and investment options click here.

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Considering embarking on the journey towards a second citizenship through investment? We’re here to guide you every step of the way. Our team of experts is just a call or an email away, ready to provide you with bespoke advice tailored to your unique needs. Reach out to us on +971 4 393 0 393 or drop us an email at info@uno-capital.com.


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