Saint Lucia’s Citizenship by Investment Programme (CIP) has become a cornerstone of the nation’s economy, offering foreign investors a pathway to citizenship through various investment options. Launched in 2015, the programme has evolved into a significant revenue stream, contributing over $121 million in the 2023–2024 fiscal year alone. However, its rapid growth has sparked debates about its impact on local property markets and housing affordability for citizens. The CIP allows investors to obtain citizenship through donations to the National Economic Fund, real estate investments, government bonds, or enterprise projects. While the programme has tightened due diligence and aligned with regional standards, concerns persist about its long-term effects on local communities. Critics argue that without explicit measures to curb inflationary pressures on real estate, locals risk being priced out of their homeland. Lessons from Tobago, which enforces stricter foreign land acquisition rules, highlight potential solutions for balancing economic growth with social equity. As Saint Lucia’s CIP continues to attract high-net-worth individuals, policymakers face the challenge of ensuring that the benefits of economic citizenship are equitably shared.
Saint Lucia receives automated passport control kiosks from OECS Commission
