St Lucia wants joint OECS approach to CIP

The St. Lucia government says it supports a joint approach by the Organisation of Eastern Caribbean States (OECS) to the Citizenship by Investment Programme (CIP) that is being offered by some countries of the nine-member grouping.

“St. Lucia was already in the citizenship business – not directly, because the fact is that a person could buy a passport from Dominica or Antigua or St Kitts or Grenada and have full rights in St. Lucia,” Prime Minister Allen Chastanet said.

He said his preference was for the CIP to be an OECS initiative based at the OECS Secretariat.

“I can say to all the other Prime Ministers that St Lucia is willing to sign up to that,” Chastanet said, adding that the value of the programme does not necessarily relate to the country offering the citizenship, but the access that the citizenship gives in terms of how many visa-free countries can be visited and the ease of doing business.

He said there is a growing market of Americans who are interested in having a second passport because of terrorism.

“So when they are traveling abroad and they are in a hotel, they would rather have another passport because they feel they are not going to be a target,” Chastanet told a news conference earlier this week.

He said that there are a number of legitimate reasons why people want a ‘secondary’ passport.

OECS countries, notably, Antigua and Barbuda, Dominica, Grenada, St Kitts-Nevis and St Lucia offer the CIP, under which foreign investors make a significant financial contribution to the socio-economic development of those islands in exchange for citizenship.

St. Vincent and the Grenadines has publicly stated that it would not participate in any CIP programme.

Source: CMC

8 Responses to St Lucia wants joint OECS approach to CIP

  1. jrsmith January 7, 2017 at 3:22 pm

    You people never learn , thats why we are not taken serious in the region , always have the bull by the tail……
    I do hope our stupid politicians in Barbados just dont get our island involve with this treacherous behaviour …

    I hope you all is getting prepared for whats to come and what you are buying…
    Its now time barbados should baexit caricom , the region have no real security , no real border force policing …………………..

    Reply
  2. Alex Alleyne January 7, 2017 at 5:06 pm

    CARICOM has outlived it’s usefulness. Time to move on for JA, T&T, BDS and Guyana.
    Make sure you do something about LIAT before you split…..chop,chop.

    Reply
  3. Jennifer January 7, 2017 at 8:48 pm

    jrsmith – hail,hail you are so funny but true. The thing is that these islands have no financial, military or economic mite. Not a warship, nothing. So they will welcome these investors thinking they will help them not realizing they are just prey. Why would you want to offer these investors a passport and crap. When they were robbing, raping and pillaging all over the earth you were big bout dae. They was proud with their passports. You made your bed now lie in it. The problem is the same as here that rabbit is at the helm and these sheep as usual will follow. But then again it does not matter if these investors get citizenship or not as the same people already own All the major infrastructure anyway just LOOK and see. GO DOWN MOSES LET MY PEOPLE GO. SOON AND VERY SOON.

    Reply
  4. Tony Webster January 8, 2017 at 4:35 am

    The so-called leaders of today , right here, and in our sisteren counties, pale into shameful insignificance, when compared with those of a few decades back.

    We have opportunistic men of straw, masquerading as leaders….desperadoes. What do you expect from desperate, witless men….a John Kennedy…an Adams….a Churchill? Do you think that The Right Excellent Errol Barrow would have contemplated, even for one second, selling Barbados passports to vagabonds? Man, even Putin could not hold one of these …unless ‘e dead…rot-way…and re-born hey and we see ‘e nable-string.

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  5. jus me January 8, 2017 at 4:06 pm

    Stop me I am wrong but didn’t a certain pop singer, who has a house here.
    Get full Citizenship after a police investigation on this person took place in the home land of this person.

    I hear also another strange fact is Barbados has no extradition treaty with UK.

    So we don’t sell passports??

    Oh yeah and this person reputed to be worth some 300 ,000,000 in a hard currency.

    OF COURSE we dont sell passports

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  6. Tony Webster January 9, 2017 at 5:47 am

    Open de Good Book…and re-fresh one’s recall of 26 pieces of silver….a S.O.B who later go an hang himself. Ent even Sparrow did seh…dem brokes…and “yuh cud have dem all fuh nutten”?

    Imagine, CARICOM suddently wake-up…to try and ups and find its only useful purpose…to form a cabal , a cartel…just to stop each other cuttin de price…to avoid cutting each others throats… on selling rotten fish? Last days my friends. Gotta be last days.

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  7. dual citizen January 9, 2017 at 10:19 am

    Every major country also has an economic citizenship program….the US has the EB-5, along with variations on the theme for UK, Canada, most of Europe (Portugal, Spain, Cyprus, Malta, etc.). This is not uncommon, people can invest in the country directly through the purchase of a government bond or buy into an investment development program and gain citizenship along with their investment.
    It is important to note that not all the citizenship programs accord the investing partner full rights of patrimony, i.e.) the citizenship does not pass along automatically to children, etc. and they usually don’t get the right to vote.
    The most ironic thing for Caribbean commentators is that hundreds of thousands of the Caribbean diaspora have emigrated to US, UK, Canada and far beyond, taken up citizenship in their adopted countries and sent for family to come up and become citizens too, BUT don’t you dare mention there could ever be some kind of reciprocal arrangement. Typical hypocrisy from the parochial and small minded that never stop to think about the wider world. Adding some wealthy citizens to the mix does a lot for the country’s overall tax revenues. One large house worth 3 or 4 million pays more property tax than 100 chattel houses in the village, and that is the money that is putting your children through school and paying for a lot more of the share of services that this country (attempts to) provide.

    Reply
  8. jrsmith January 10, 2017 at 2:17 pm

    On these passports, holders can be refused entry into Barbados , until our Immigration do a final check on the passenger..
    Looking back on this column..

    There is a growing market of Americans ,who are interested in having a second passport , because of terrorism .. so now you people are putting your island people, in the forefront of being open targets, suppose you sold a passport to some one who has bought this passport for a major drug dealer , and is hiding out on the island, just wait and see its all going to back fire……

    Reply

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