Revised Laws of Saint Lucia (2022)

40.   Regulations

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    (1)   Subject to the approval of Cabinet, The Minister may, make Regulations for the purposes of giving effect to the provisions of this Act.

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    (2)   Without prejudice to the generality of subsection (1) the Minister may make regulations in respect of —

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      (a)     qualifications, general requirements and procedures for citizenship by investment;

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      (b)     requirements for a Saint Lucia National Economic Fund investment;

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      (c)     requirements for an investment in land or enterprise;

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      (d)     requirements for the purchase of a Government bond or a direct monetary contribution;

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      (e)     the registration of anything required or authorised to be registered;

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      (f)     the administration and taking of oaths of allegiance, for the time within which such oaths shall be taken and for the registration of such oaths;

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      (g)     the giving of any notice required or authorised to be given under this Act;

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      (h)     providing for the issue of a certificate to any person registered as a citizen;

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      (i)     the cancellation of the registration of persons whose citizenship has been revoked;

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      (j)     the imposition, waiver and recovery of fees relating to any application made in respect of any registration or the grant of any certificate, or the taking of any oath of allegiance authorised to be made, granted or taken, and in respect of supplying a certified copy of any notice, certificate, order, declaration or entry given, granted or made and for the application of such fees; (Amended by Act 4 of 2020)

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      (k)     the nature of a qualifying investment;

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      (l)     the marketing and promotion of the Citizenship by Investment Programme;

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      (m)     anything which may be or is to be prescribed under this Act.

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    (3)   Regulation made under subsection (2) shall be subject to negative resolution.

CHAPTER 1.20
CITIZENSHIP BY INVESTMENT ACT

SUBSIDIARY LEGISLATION

List of Subsidiary Legislation

1.Citizenship by Investment Regulations – Section 40
2.Citizenship by Investment (Revocation) Order – Sections 38(1) and 39