Commentary: The social benefits of citizenship by investment: Dominica shows the way

Youri Aramin Kemp, BA, MSc., CFM, AFA, ChE, is an Associate Editor of Caribbean News Now and the CEO of KEMP GLOBAL, a management consultancy firm based in The Bahamas

By Youri A Kemp

One of the many complaints about the citizenship-by-investment programmes (CIP) operated by five Eastern Caribbean countries – Antigua and Barbuda, Dominica, Grenada, Saint Lucia and St Kitts and Nevis – is that the benefits to the people as a whole are, more often than not, less than tangible.

Money generated from CIP donations generally go into a government fund that is then used to support the economy as a whole, in ways that are largely invisible to the general population and often fraught with a lack of transparency.

A case in point is Saint Lucia, where just recently the government…

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