Saint Lucia To Offer Citizenship Investment Program in January 2016

Beginning January 1, 2016, St Lucia will begin offering citizenship through investment to wealthy investors. It will become the fifth Caribbean country to promote a citizenship by investment program, joining Antigua and Barbuda, St. Kitts and Nevis, Grenada and Dominica.

In the Caribbean, countries like Dominica and St. Kitts and Nevis are tapping into new investment and revenue streams through economic citizenship. Economic citizenship has been embraced by a handful of countries as a source of substantial capital inflow. Yet it has evoked mixed response from its citizens. For many, the idea of finding new ways of attracting investment is appealing, given the country's large debt load. Government officials have stated that effective security measures will be a priority.