OECS Countries Seek to Standardise CIPs
Organisation of Eastern Caribbean States (OECS) members that offer Citizenship by Investment Programmes are examining the possibility of developing standardised legislation regarding the initiative, according to regional media reports.
Dominica’s Prime Minister Roosevelt Skerrit has been quoted by CMC as saying that countries that have already established programmes in the sub region are holding discussions on the initiative.
Saint Lucia is among countries that have implemented a Citizenship by Investment Programme, under which foreign investors are granted citizenship in return for making an investment in the socio-economic development of the country.
Dominica, Antigua and Barbuda, Grenada, and St Kitts-Nevis have also instituted programmes of their own.
Just recently, the newly appointed head of Saint Lucia’s Citizenship by Investment Unit, Nestor Alfred, expressed the view that a lot of issues surrounding the controversial Citizenship by Investment Programme may be related to persons not ‘fully’ understanding the programme itself and what it can contribute to Saint Lucia and its development.