2. Interpretation
In these Regulations, unless the context otherwise requires —
“Act” means the Citizenship by Investment Act;
“approved irrevocable escrow” —
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(a) means the instrument used by a registered and regulated bank in Saint Lucia for the applicant to hold the relevant funds in trust which funds are to be released on the fulfilment of the conditions as agreed to by the developer and the Board;
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(b) includes, if an escrow account cannot be established in Saint Lucia, the establishment of an escrow account by a registered and regulated bank outside Saint Lucia;
(Substituted by S.I. 48/2019)
“approved enterprise project” means an enterprise project that has been approved by the Minister, to be a qualifying investment, as set out in Schedule 4;
“approved real estate project” means a real estate project approved under regulation 10; (Substituted by S.I. 48/2019)
“certified copy” means a photocopy or facsimile of the original document certified by a notary, attorney-at-law or Commissioner of Oaths to be a true copy of the original;
“Convention” means the Hague Convention abolishing the requirement of legalisation for foreign public documents concluded on 5th October, 1961 and entered into force on 24th January, 1965;
“developer” means a person seeking the approval of the Minister to develop a real estate project as a qualifying investment, in accordance with Regulation 10;
“enterprise project” includes a project as set out in schedule 4;
“person” includes a body corporate or an unincorporated body;
“police certificate” means an original and valid statement from a national law enforcement authority on the status of an applicant's criminal record in that country;
“real estate project” (deleted by S.I. 48/2019)
“spouse” means an individual of the opposite sex to the applicant who is legally married to the applicant and in the case of legal civil polygamy, “spouse” shall mean the first husband or wife.