THE FACTS: When the UWP left office in 2021, a total of 75 applications had been approved by the CIP Unit under the Real Estate option.
In his address, Ernest Hilaire confirmed that up until March 2024 a total of 1,367 applications have been approved under the Real Estate Option.
Where are the Funds?!!! #WTF#CIPScandal#Corruption
Source: www.cipsaintlucia.com
The harmonization of Citizenship by Investment (CIP) programs among Organization of Eastern Caribbean States (OECS) member islands has long been heralded as a crucial step towards regional cooperation and economic advancement. However, Prime Minister Philip J Pierre’s recent refusal to sign the Memorandum of Agreement (MoA) aimed at achieving this goal has sparked controversy and drawn criticism from various quarters.…
The Missing US$1.4 Billion in CIP Funds and Its Potential Impact on Saint Lucia’s Economy
Saint Lucia is grappling with an economic burden that has left many of its citizens struggling to make ends meet. The 2.5% Health and Security Levy, introduced by the Pierre government to raise $33 million EC annually, has added to the financial strain on households and businesses. This levy, applied to essential goods and services such as groceries, back-to-school items,…
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by Content Manager