(1) The Minister shall, after consultation with Cabinet, from time to time, approve an enterprise project as a qualifying investment, as set out in Schedule 4.
(2) On the application of an investor in respect of a proposed enterprise project, the Minister may, on the recommendation of the Unit and after consultation with Cabinet, approve the enterprise project as a qualifying investment.
(3) The Unit may consult with Invest Saint Lucia in considering potential enterprise projects for recommendation to the Minister for approval for the purposes of the Citizenship by Investment Programme.
(4) Where an applicant makes an investment in an approved enterprise project of at least the minimum requirement in accordance with the relevant amount set out in paragraph 3 of Schedule 2, citizenship by investment may be granted.
(5) An applicant in sub-regulation (2) must —
(a) invest in an enterprise project in at least the minimum amount set out in paragraph 3 of Schedule 2; and
(b) create no less than 3 permanent jobs through the investment in the enterprise project.
(6) Where more than one applicant make a joint investment in an enterprise project —
(a) each applicant must invest the minimum amount of $1,000,000 in the approved enterprise project;
(b) the total minimum investment must be at least in the amount set out in Schedule 2; and
(c) the investment must create no less than 6 permanent jobs through the enterprise project.
(7) An approved enterprise project in sub-regulation (1) shall be published by the Board in the Gazette.