While the Prime Minister spoke of strengthening the CIP program to help generate revenue for the country, he also announced the intention of the Government to introduce a foreign residency program that will allow wealthy people to take up residence in Saint Lucia. In order to qualify, the foreign resident will have to invest in real estate, open a company that hires more than 10 people or invest in our sovereign fund. Those persons, once they have acquired residence in Saint Lucia will be treated like Saint Lucians except they will not have the right to vote or to own a Saint Lucian passport.
