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St Lucia to soon sell citizenship to global investors
Prime Minister of St Lucia, Kenny Davis Anthony addresses the 2015 Sustainable Development Summit, Sept
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Prime Minister of St Lucia, Kenny Davis Anthony addresses the 2015 Sustainable Development Summit, Sept. 26, at the United Nations headquarters. (AP/Frank Franklin II) (AP/Frank Franklin II)
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span class="inline inline-center">Prime Minister of St Lucia, Kenny Davis Anthony addresses the 2015 Sustainable Development Summit, Sept. 26, at the United Nations headquarters. (AP/Frank Franklin II)
St. Lucia will soon become the latest Caribbean country to allow far-flung investors to buy local citizenship.
Prime Minister Kenny Anthony has told a "global citizens forum" in the wealthy principality of Monaco that St. Lucia will start accepting applications for a citizenship-by-investment program in January.
A Friday government statement says Anthony made the announcement at a gathering of investors, wealth managers and citizenship lawyers.
It's part of a trend in the Caribbean to boost revenue on islands struggling with oversized debt. The nearby islands of Dominica, St. Kitts & Nevis, Antigua & Barbuda and Grenada allow global investors to secure local citizenship in return for a donation or investment.
The islands offer a much faster, easier and cheaper path to citizenship than countries with "investor visas" like the U.S. (k)
