SLP blasts attempt to turn CIP into ‘cash cow’

SLP blasts attempt to turn CIP into ‘cash cow’

Citing the ‘desecration’ of the Citizenship by Investment Programme (CIP) by the current government, the leader of the opposition Saint Lucia Labour Party (SLP), Philip J. Pierre, has accused the administration of attempting to turn the measure into a ‘cash cow’.

Addressing a news conference Thursday morning, Pierre stated that the announcement that the United Workers Party (UWP) Administration has changed the regulations effective January 1st, 2017, has effectively damaged the reputation and image of the CIP.

“ The intention of the UWP government  is to turn the CIP into a cash cow with little regard for the consequences to Saint Lucia or the programme,” Pierre declared.

He asserted that the unrealistic election promises must now be funded by whatever means necessary.

The SLP leader made it clear that his party is opposed to the changes being made and will seek a debate in the Parliament of Saint Lucia to ensure that the changes and their possible consequences are fully explained to the people of Saint Lucia.

“We will also at that time make a definitive statement on the future of the CIP in an SLP administration,” Pierre told Thursday’s news conference.

He recalled that on assumption of office in 2011, the SLP Administration was aware that the UWP Government was in discussion with a foreign owned agency on the introduction of a citizenship by investment programme in Saint Lucia.

Pierre said despite the severe economic situation, the SLP Administration did not think the CIP was a priority at the time.

He observed that four years later, the SLP Administration after intensive debate, dialogue and consultation, introduced a CIP as a means of increasing investment.

“We spent many months studying the industry, noting the challenges, evaluating the potential and consulting various concerned parties,” the SLP leader noted.

He recalled that a Task Force headed by Professor Vaughan Lewis and comprising a wide section of the social and economic sectors including the then opposition UWP was set up to discuss the introduction of a CIP programme in Saint Lucia.

Pierre told the news conference that the report of the task force was widely circulated to the public on the instructions of the cabinet of ministers.

He explained that there were some notable concerns raised by the public.

Pierre outlined those as including concerns that any CIP in Saint Lucia  must  limit the number of persons becoming citizens, ensure that only reputable and high worth individuals are  granted Saint Lucian citizenship, have a robust due diligence framework to ensure unworthy persons do not become citizens and ensure transparency and accountability.

He recalled that the parliament later approved the legislation establishing the CIP with every member expressing support for the programme, including the then Leader of the Opposition, Doctor Gale Rigobert.

He said that on the matter of establishing the CIP, the SLP was very clear on its objectives.

The opposition leader said  they  included that the measure would be a tool  aimed primarily at attracting foreign direct investment in high end hotel and real estate products and employment generating business enterprises

Pierre declared that accountability and transparency were not options.

He also said  annual reports would have  had to be submitted to Parliament,  indicating the individuals who were granted Saint Lucian citizenship, how much income was collected and how that revenue was utilized.

The SLP leader observed that his party did not see Saint Lucia as being offered as the cheapest option and required that the  the due diligence process be very robust.

He said the CIP was not seen as a measure to merely sell passports.

Pierre disclosed that the intention was to offer Saint Lucia as an option for selected high worth individuals with a propensity to invest.

“ Therefore we limited the number of applications to 500 annually and required a minimum net worth of US$3m.,” he told Thursday’s news conference.

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13 Comments

  1. Anonymous
    January 5, 2017 at 1:21 pm Reply

    Isn’t that why you morons decided to develop in the first place? To generate revenue. Now you crying as it has the potential to develop more revenue. You guy have already pimped out the value of our citizenship.

    Reminds me of this. Replace Churchill and Socialite with Kenny and Chastanet as you see fit.

    Churchill: “Madam, would you sleep with me for 5 million pounds?”
    Socialite: “My goodness, Mr. Churchill… Well, I suppose… we would have to discuss terms, of course… ”
    Churchill: “Would you sleep with me for 5 pounds?”
    Socialite: “Mr. Churchill, what kind of woman do you think I am?!”
    Churchill: “Madam, we’ve already established that. Now we are haggling about the price”

  2. Anonymous
    January 5, 2017 at 1:54 pm Reply

    Because you and your crime minister dry the country..so now the government has to try and ease the rock you all put on our backs….now alone it’s about the people…nonsense😲😲

  3. Mercie
    January 5, 2017 at 2:09 pm Reply

    Stop being a political hack and read to understand. The points raised by Pierre are all valid.

  4. Anonymous
    January 5, 2017 at 2:51 pm Reply

    I lìke the slp when thhy are in opposition….that when they see evérything a party in government should do….Pierre and Jufalli are justcthe reciepe for politicaĺ disáter.

  5. Anonymous
    January 5, 2017 at 3:37 pm Reply

    WAIT WAIT WAIT What is going on. There they go again opposing. what will they oppose again. The slp never new the people while in government all the spoils went to their cronies.
    Every time in opposition thats the time they know and care about the people
    Mark my words when there is nothing to oppose they will oppose the PM going to the toilet
    get a life peep the people kick you out

  6. Anonymous
    January 5, 2017 at 3:43 pm Reply

    The monster the slp created , and now allen just made it worst . this is so wrong in many ways !!! Helen is a cheap prostitute now smh

  7. 666
    January 5, 2017 at 3:45 pm Reply

    Allen, please stop pimping the land of my birth to the lowest bidder.

  8. Anonymous
    January 5, 2017 at 4:10 pm Reply

    Good content for calypso 2017

  9. Anonymous
    January 5, 2017 at 6:38 pm Reply

    Give the goverment a chance to work please.Slp should shut up its big mouth

  10. Anonymous
    January 5, 2017 at 6:45 pm Reply

    The whole SLP officers are all morons. Pip leading the delegates Of morons.
    The saying goes… spectators see more than players.. they now sitting in the stands spectating . morons.

  11. Love
    January 5, 2017 at 8:56 pm Reply

    In 2007_2011 the SLP in opposition at the time went out of their way to return to office by saying all the worst things about our country and misleading the country and foreign investors from investing in our country. They have sold the best of what’s left of our country to foreigners after the Diveaux’s and the Dubulays and the Ch has taken the best lands and selling them at high prices
    .to the government and our people. And u come on the media to fight progress. I think it’s now time for you Phillip to retire from public
    office so you can see straight like all the other retires

  12. Anon Y. Mous
    January 6, 2017 at 9:20 am Reply

    Pip, so when you put all those measures in place… Did jufali go through all of them??
    Did any of the people you had set up to go through have to meet all of these criteria. Cuz if you put them in place, my understanding is that they are all the. The only difference is now you no longer control it so you and your people will not be benefiting.

    You sell our country and our land and your own dignity, and now you suddenly want to make noise cuz you not getting the dividends from it. How bout you go try to reclaim your soul first

  13. Anonymous
    January 6, 2017 at 9:40 am Reply

    love

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