Saint Lucia makes tremendous progress offering alternative investment option

KUALA LUMPUR, Jan 26 (Bernama) -- Saint Lucia, one of the youngest Citizenship by Investment (CBI) products in the market, has made tremendous progress in offering an alternative investment option in one of the Caribbean’s most developed and diverse economies.

The island state is emerging as one of the fastest-growing economies in the Caribbean region and the nation is well-known for offering various investment and business opportunities for those looking for options to plan their wealth and diversify their portfolios.

According to a statement, St Lucia has been praised for its advanced and modernised infrastructure and offers one of the most modernised education and healthcare systems in the region.

The country’s CBI Unit has introduced a new investment option for its CBI offerings following approvals from the CBI Board and Deputy Prime Minister and Minister for Tourism, Investment, Creative Industries, Culture and Information, Ernest Hilaire.

To participate in the CBI programme of St Lucia, applicants must choose one of four investment options, one of which is the National Action Bond, a new non-interest-bearing Government bond, that has been available since Jan 1, 2023.

There are many benefits obtaining citizenship via investment, especially in St Lucia, as it attracts Foreign Direct Investment for the nation which is used for advancing various projects such as the development of infrastructure, advancement of real estate, business expansion and job innovation.

“A paradise for nature seekers, history buffs, and relaxation-seekers, St Lucia also offers citizens all of the tropical benefits of the Caribbean,” said the statement.

-- BERNAMA