St Lucia considers economic citizenship to boost investment

“Describing the current economic climate as ‘severe, debilitating and oppressive’ Prime Minister Kenny Anthony, who is preparing to present the 2014/15 national budget said St Lucia may well have to look at initiatives that it once ‘frowned upon’.  Anthony said some Caribbean countries are granting economic citizenship to persons out of Asia, but once that happens those persons are ending up in St Lucia and establishing themselves on the island.  Other countries in the region, including Dominica, St.Kitts Nevis and Antigua Barbuda have launched their citizenship by investment programmes, which grants citizenship of a country to individuals who invest money to a country’s development.”

http://dominicavibes.dm/st-lucia-considers-economic-citizenship-to-boost-investment/

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