St. Lucia makes 5 big investments in high quality jobs
Castries, Aug 17, 2022 (GLOBE NEWSWIRE) — The government of Saint Lucia has focused on developing more resilient and advanced public infrastructure to improve the well-being of its citizens. The government has been modernizing and renovating schools, health centers, hospitals and housing, as well as creating jobs for residents of St. Lucia.
A country’s economy requires reliable infrastructure to ensure rapid economic growth. The St Lucia government sees the need and has been making considerable investments and creating high quality jobs to raise living standards in general.
Infrastructure is undoubtedly the building block that makes the economy possible, shaping how Saint Lucia natives can move, communicate and earn a living. The government is making investments in strategic areas to increase social mobility, access to jobs, essential services, educational opportunities and ideas.
Making this its top priority, the government has been working with a new vision and with the newly elected government, led by Prime Minister Philip J Pierre at the helm, has been working hard to provide its people with better infrastructure. The government envisions building and shaping a new, prosperous and resilient future with the help of the Citizenship by Investment Program (CIP).
Launched in 2016, the Saint Lucia Citizenship by Investment Program is the Caribbean’s newest and most advanced program, offering alternative citizenship to high net worth investors (HNWIs). In addition, CIP also helps the country in areas of uplift and advancement. The Citizenship by Investment Program plays an important role in building and creating a better future.
The government has assured residents and citizens of the country that they will see an increase in infrastructure developed in the coming years. The new government seeks to use the resources generated by the program for the construction of new housing units, schools, hospitals and health, wellness centers, roads, bridges, sports complexes and other projects of public interest.
The world came to a standstill during the COVID-19 pandemic and this, in turn, highlighted the need for a strong and advanced health infrastructure to manage potential health crises in the future. Saint Lucia assured the general public that having a new and developed healthcare sector equipped with modern amenities is a priority. The country’s Ministry of Health and Welfare is also taking urgent steps to strengthen the health sector through the Saint Lucia CIP.
The St. Lucia government has announced that part of those plans include the country building a new “smart” hospital with modern equipment and advanced treatment techniques. The hospital will be financed through the Saint Lucia Citizenship by Investment Program.
The St. Lucia Ministry of Health also recently received an equipment donation to improve St Jude Hospital’s health facilities. The hospital now has two important medical equipment – a hematology analyzer and an immunoassay analyzer, which will reinforce the delivery of diagnostic tests in the hospital’s laboratory. This was a significant donation from the Interim Permanent Secretary of the Ministry of Health, Jenny Daniel.
With the installation of new facilities and technology, the government and the ministry of health also provide training to the medical personnel involved to enhance their knowledge and expand their skills.
These upgrades, advances and developments are partially or fully financed by the Citizenship by Investment Program (CIP) of Saint Lucia. The country has been welcoming investors and their families to apply for alternative citizenship since 2016. Saint Lucia’s Citizenship by Investment Program has performed exceptionally in the CBI 2021 Index, a publication of the Financial Times’ PWM Magazine. The program ranked fourth and topped three of the good pillars of excellence, including minimum investment, mandatory travel or residency, and ease of processing.
In addition to being a top choice for honeymooners and couples, Saint Lucia is also emerging as an option for High Net Worth Individuals (HWNIs) around the world for providing numerous business opportunities that will help with wealth planning and in portfolio diversification. After witnessing global disasters and biological calamities, the world has become uncertain, and investors and individuals are looking to find a safe, stable and secure environment in which to spend their lives. The Saint Lucia CIP Program meets all these requirements. Through this platform, investors can explore new business opportunities, as well as provide a secure future for their children.
An investor may apply for alternative Saint Lucia citizenship through the National Economic Fund Investment Option. The Economic Fund Option is popularly known as the Fundo Option and contributes to the country’s socioeconomic development. The minimum investment under the Saint Lucia Fund Option starts at USD 100,000.
CIP is also known for being one of the most transparent in the industry, providing investors and applicants with the opportunity to access information about how funds are used. Another pillar that makes CIP Saint Lucia a strong candidate is its robust due diligence procedures. The process is conducted by the Santa Lucia CIP Unit and an independent third-party company.
The Citizenship by Investment Program is chosen by investors for the following reasons:
- Makes an individual a global citizen
- Assists candidate in expanding overseas business and assists in portfolio diversification and wealth planning
- Offers an opportunity to spend the rest of your life in a peaceful and safe environment
- Offers lifetime citizenship to the investor, which can be passed on to future generations
- It is a Plan B for candidates and their families
Investor(s) can apply for alternative Saint Lucia citizenship by following the steps mentioned below:
Step 1: Choose an authorized agent to process your application
Step 2: Complete the application
Step 3: Submit the application to the CIP Portal
Step 4: Documents and applications are verified by the CIP Unit and undergo thorough due diligence background checks
Step 5: The board makes the decision on whether to reject or select the application
Step 6: The certificates are then delivered to the applicant
Source: The St Lucia government has been making considerable investments