Saint Lucia updates its Citizenship by Investment regulations to remain competitive in the investment migration industry

Castries, Dec. 30, 2022 (GLOBE NEWSWIRE) — Saint Lucia has amended the regulations of its Citizenship by Investment Programme to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing demand for its investment products for the ultimate benefit of the people of Saint Lucia.

As one of the youngest Citizenship by Investment products in the market, Saint Lucia has made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.

The country’s Citizenship by Investment Unit has taken a comprehensive review of its Citizenship by Investment offerings following approvals from the Citizenship by Investment Board and Honourable Deputy Prime Minister and Minister for Tourism, Investment, Creative Industries, Culture and Information, Ernest Hilaire. The below amendments to the existing regulations will take effect from 1 January 2023.

  • Developers applying for approved real estate under the Citizenship by Investment Programme or enterprise projects will now have to pay due diligence and background check fee of US$7,500.
  • The replacement fee for a lost or damaged certificate will increase from US$100 to US$500.
  • Investors who have been a citizen of Saint Lucia for 12 months or less that are looking to include a newborn dependent through the country’s National Economic Fund will now have to pay a fee of US$5000, this has increased from US$500.
  • There is also an introduction of a new Bond Offer for investors purchasing non-interest-bearing Government Bonds with the following qualifying investment sums:
Category of applicant Bond purchase sum Bond holding period
Applicant and all qualifying dependents of any number US$300,000 5-year holding bond
Administrative fee (regardless of the number of dependants) US$50,000
  • To qualify for second citizenship through the real estate option, investors will have to invest a minimum of US$200,000, a reduction from US$300,000.

Saint Lucia is emerging as one of the fastest-growing economies in the Caribbean region and the nation is well-known for offering various investment and business opportunities for people looking for options to plan their wealth and diversify their portfolios.

The country’s Citizenship by Investment Programme is a perfect choice as it offers ideal business opportunities to investors who do not want to be bound by border limitations.

The Caribbean country is recognized for providing a second home not just to investors but to their families too. The nation has been lauded for its advanced and modernized infrastructure. Saint Lucia has one of the most resilient, modernized education and healthcare systems in the region, which makes it ideal for investors and their families.

The Citizenship by Investment Programme of this Caribbean country attracts Foreign Direct Investment (FDI) for the nation which is used for advancing various projects such as the development of infrastructure, advancement of real estate, business expansion and job innovation.

The CBI Index 2022, published by PWM Magazine of Financial Times, reported that CBI is assuring the small island nation of Saint Lucia has become independent, developed and prosperous in the true sense. The report also recognized the programme for its “Ease of Processing” and “Due Diligence” Pillars. This year, Saint Lucia’s Citizenship by Investment Programme climbed a spot and gained the third position.

Saint Lucia’s Citizenship by Investment Unit makes sure that citizenship is given to credible applicants of good standing while their dependants over the age of sixteen are also subject to multi-layered due diligence checks, in order to qualify for alternative citizenship. Saint Lucia asks for detailed information from the applicants to understand the funding source of the investors who want citizenship.

On this due diligence aspect, Minister Ernest Hilaire recently addressed concerns and fears related to Saint Lucia’s CBI Programme. He gave assurance that the government of Saint Lucia and its CBI Unit perform a strict and rigid due diligence process. Hilaire explained that the due diligence process is a multi-layered procedure noting, “Due diligence is performed by our Unit on all applicants, this is then followed by another due diligence check by the banks. This is then followed by due diligence checks by international intelligence units who also do on-the-ground assessments.”

He also noted that the Government and Unit have been planning to review the country’s CBI programme, making it more attractive as well as competitive. Minister Hilaire announced that these updates would maintain the country’s rigorous but seamless vetting process.

While the programme is the newest in the region, launched in 2016, the Government has made sure to set the bar very high – the programme has been regarded as one of the most advanced, secure as well as transparent programmes.

Through the National Economic Fund, this prestigious programme has helped the nation to develop important public infrastructure. The funds from the programme have been directly contributing to advancing the standard of living of Saint Lucians.

Alternative citizenship in the Caribbean nation is emerging as a platform to alleviate and tackle the risk of uncertainty and unpredictability in future. There is no other better plan than investing in building a new home at a place which offers ample opportunities and, most importantly, peace out of the hustle and bustle of big cities.

PR Saint Lucia
Saint Lucia
+1 758 458 6050
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8721602

New Down Syndrome Resource Available in Spanish and Japanese

Global Down Syndrome Foundation, Centro UC Síndrome de Down and Japan Down Syndrome Association Join Forces to Translate & Provide Online Access to the GLOBAL Adult Guideline

DENVER, Dec. 29, 2022 (GLOBE NEWSWIRE) — Today, Global Down Syndrome Foundation (GLOBAL), published a Spanish and Japanese version of the GLOBAL Medical Care Guidelines for Adults with Down Syndrome (“GLOBAL Adult Guideline”) in collaboration with the El Centro de la Universidad Católica de Síndrome de Down in Chile (Centro UC Síndrome de Down or CUSD) and the Japan Down Syndrome Association (JDSA).

The GLOBAL Adult Guideline is the first evidence-based guideline for adults with Down syndrome and was published in English in JAMA, the Journal of American Medical Association, in 2020. The guideline authors include the directors of the largest adult Down syndrome clinics in the US, and the current nine medical topics are: behavior, dementia, diabetes, cardiovascular disease, obesity, osteoporosis, atlantoaxial instability, thyroid disease, and celiac disease. GLOBAL is working to expand the topics to include sleep apnea, solid tumors, leukemia, vision/eye care, and physical therapy and fitness.

In addition to the 80-page guideline for medical professionals, GLOBAL has also published a much shorter family-friendly version, and toolkits that include easy to follow assessments for Celiac disease, Diabetes, Behavior, and annual check-ups.

All of these resources for adults are now available in Spanish and Japanese at no cost on the GLOBAL website, DS-Connect®: The Down Syndrome Registry, CUSD website, and JDSA website.

“GLOBAL is pleased to be able to reach Spanish and Japanese speakers who have Down syndrome and their families in the U.S. in collaboration from the National Institutes of Health/DS-Connect®,” says Michelle Sie Whitten, President & CEO of the Global Down Syndrome Foundation. “The NIH’s Eunice Kennedy Shriver National Institute of Child Health and Human Development has been supportive from the beginning. We are also deeply grateful for Dr. Macarena Lizama at CUSD and Dr. Hiroshi Tamai, President of JDSA, Dr. Chisen Takeuchi of the JDSA for helping to ensure this reaches hundreds of thousands of Spanish and Japanese speakers around the world.”

GLOBAL has worked with Congress since 2006 advocating for a trans-NIH Down syndrome research funding program and for increased funding. In December of 2010, GLOBAL and the NIH co-organized the first Down syndrome research conference with a focus on registries and biobanks. One important result was the establishment of DS-Connect®: The Down Syndrome Registry.

“It is so important for me and other people with Down syndrome to have this in Spanish,” says Yadiro Carrillo, a 32-year-old self-advocate and entrepreneur who happens to have Down syndrome. “I need to know how to take care of myself as an adult!”

“Seeing the guideline in Spanish feels like GLOBAL values Spanish -speaking families like mine,” said Yadira Carrillo, mother of a 32-year-old daughter who has Down syndrome. “Language is a barrier some families face to receiving medical care and I know this will help so many people in the U.S. and internationally.” In Chile, GLOBAL has been working closely with Dr. Lizama on many projects including creating the Spanish version of the GLOBAL Guideline and the COVID-19 and Down Syndrome Resource.

“What Michelle, Bryn Gelaro and their team have accomplished in research and medical care is so important,” says Dr. Macarena Lizama, Medical Director of the El Centro de la Universidad Católica de Síndrome de Down in Chile. “We are honored to collaborate with GLOBAL on this transformative resource and to improve medical equity, especially for Spanish-speaking countries where medical care access and basic resources for people with Down syndrome can be very scarce. I will be very proud to use this resource in my clinic and share it with my colleagues and families.”

Dr. Hiroshi Tamai echoes this sentiment, “We are grateful for the collaboration we have had with GLOBAL and to have this important resource in Japanese is a dream come true. My daughter and thousands of Japanese adults with Down syndrome will surely benefit. We look forward to working with GLOBAL and adding new medical areas in the next few years.”

GLOBAL is currently working with the Ministries of Health in both Chile and Japan to ensure the guidelines are available free of charge and easily findable on their disability home pages.

To learn more about the GLOBAL Adult Guideline and download your copy today, visit www.globaldownsyndrome.org/medical-care-guidelines-for-adults/

To learn more about Global Down Syndrome Foundation, visit www.globaldownsyndrome.org

About Global Down Syndrome Foundation
The Global Down Syndrome Foundation (GLOBAL) is the largest non-profit in the U.S. working to save lives and dramatically improve health outcomes for people with Down syndrome. GLOBAL has donated more than $32 million to establish the first Down syndrome research institute supporting over 400 scientists and over 2,200 patients with Down syndrome from 33 states and 10 countries. Working closely with Congress and the National Institutes of Health, GLOBAL is the lead advocacy organization in the U.S. for Down syndrome research and care. GLOBAL has a membership of over 100 Down syndrome organizations worldwide, and is part of a network of Affiliates – the Crnic Institute for Down Syndrome, the Sie Center for Down Syndrome, and the University of Colorado Alzheimer’s and Cognition Center – all on the Anschutz Medical Campus.

GLOBAL’s widely circulated medical publications include Global Medical Care Guidelines for Adults with Down Syndrome, Prenatal & Newborn Down Syndrome Information and the award-winning magazine Down Syndrome World TM . GLOBAL also organizes the Be Beautiful Be Yourself Fashion Show, the largest Down syndrome fundraiser in the world. Visit globaldownsyndrome.org and follow us on social media (Facebook & Twitter: @GDSFoundation, Instagram: @globaldownsyndrome).

IMPORTANT NOTICE
While content of this press release and the GLOBAL Guideline was developed by GLOBAL and the GLOBAL Guideline Authors, we are unable and do not intend to provide medical advice or legal advice to individuals. Please contact your health care provider(s) or legal advisor(s) for questions specific to your individual health history or care.

Press Contacts
Anca Call
acall@globaldownsyndrome.org
720-320-3832

GlobeNewswire Distribution ID 8721542

2023 CHAN: Ghana’s Ambassador to Egypt assists Black Galaxies with $1000

Ghana’s Ambassador to Egypt Lt. Gen. Obed Boamah Akwa has donated $1000 to the Black Galaxies ahead of the TotalEnergies 2023 African Nations Championship in Algeria.

The playing body have been in camp at Cairo as they prepare for the tournament.

His Excellency visited the playing body and technical team at the Jewel Sports City Resort & Spa Hotel and left them with a stirring message.

“Set a high aim for yourselves and work together to develop a team spirit that will help you fight to the very end. Also never give up till victory is won”.

“Everything is possible and let us consider this as a golden opportunity to lift high the flag of Ghana and prove to Africa that we are the best when it comes to football on the continent.

“Work together as a team. There is teamwork and there is team spirit. Teamwork is mechanical but team spirit means you want to die for your country.

“Never give up,” he told the team.

The Black Galaxies on Tuesday defeated Egypt’s U-20 team. Annor Walker and his side will take on Al Ahly on Saturday.

Ghana is in Group C alongside Madagascar, Sudan and Reigning Champions Morocco.

Source: Modern Ghana

2023 CHAN: Suraj Seidu, Maxwell Arthur join Black Galaxies camp in Egypt

Suraj Seidu and Maxwell Arthur have teamed up with the Black Galaxies at their team base in Cairo, Egypt.

The two players arrived in Cairo at the early hours of Friday, December 30 to join the team’s preparations for the 2023 TotalEnergies African Nations Championship which will be staged in Algeria.

Coach Annor Walker handed call-ups to the two players following the inability of Bright Adjei and Evans Osei Wusu to join the team for the pre-tournament camping in Egypt.

The Black Galaxies are set to take on Egyptian giants Al Ahly in a friendly match on Saturday, December 31, 2022.

The game will give the technical team the opportunity to test the team’s readiness for the tournament.

Ghana is Group C for the CHAN tournament and will face Madagascar, Sudan and Morocco accordingly.

The tournament has been scheduled to kick-off from January 13 to February 4, 2023.

Source: Modern Ghana

NBA: Eleven Orlando Magic & Dallas Pistons players suspended after scuffle

Eleven players were suspended by the NBA following a mass scuffle during the Detroit Pistons’ 121-101 victory over the Orlando Magic.

Magic centre Moritz Wagner received a two-game ban for pushing Pistons guard Killian Hayes off court on Thursday.

Hayes was banned for three matches for retaliating by hitting Wagner on the back of the head.

Pistons guard Hamidou Diallo was given a one-game ban along with eight Magic players.

Guards Cole Anthony, RJ Hampton, Gary Harris and Kevon Harris, forwards Admiral Schofield and Franz Wagner and centers Mo Bamba and Wendell Carter Jr have each been suspended for one match.

The Pistons were leading by nine points when Wagner shoved Hayes at the Little Caesars Arena in Detroit.

Diallo raced in and pushed Wagner from behind and Hayes hit Wagner, sending him sprawling into the Pistons bench.

The one-game bans issued to the eight Magic players for leaving the bench area will be staggered to ensure the Magic have eight players available for their next two games.

Elsewhere, Luka Doncic recorded his eighth triple-double of the season, with 35 points, 12 rebounds and 13 assists to help the Dallas Mavericks beat the Houston Rockets 129-114 for a fifth successive win.

On Wednesday the 23-year-old Slovenian became only the second player to score a 60-point triple-double, against the New York Knicks.

Jaylen Brown and Jayson Tatum each scored 29 points to help Eastern Conference leaders the Boston Celtics beat the LA Clippers 116-110.

Ja Morant scored 13 of his 19 points in the third quarter and added a career-best 17 assists as the Memphis Grizzlies defeated the Toronto Raptors 119-106.

The San Antonio Spurs inflicted a fifth consecutive defeat on the Knicks as Keldon Johnson scored 30 points and Romeo Langford a career-high 23 in a 122-115 triumph.

Source: Modern Ghana

‘100KForGhana’ organises free health screening for Central Tongu residents

Adidome (VR) – ‘100KForGhana,’ a Non-Governmental Organisation (NGO) with a focus on affording better access to healthcare, education, personal development, and improving the social economy across Ghana, among other sectors, has extended a free health screening for residents of Adidome and its environs.

The event, dubbed ‘Medical Health Screening Day’ held at the Adidome old District Assembly premises, was also aimed at checking the health status of residents for good health as well as bringing the community together during the festive season.

Mr Bennet Nyasembi, Country Director of the group, said the exercise was the second edition in the Region after a similar one in 2021.

He revealed that their outfit would continue to connect with the locals in other to put a smile on the faces of the ordinary Ghanaians, especially the youth by engaging them to get some form of skills training.

Mr Nyasembi promised to extend their activities to other communities in the Region.

Mr Osei Samuel, Director of Finance of the Organisation, on his part said their primary purpose was to provide meaningful jobs for the average Ghanaian, giving them access to liveable wages.

“We are recruiting the youth to undergo training and work at our Kente Weaving Center located at Kpetoe,” he added.

Togbe Kwasinyi Kakaklolo Agyeman V, the ‘Dufia’ of Mafi- Adidome who witnessed the well added event, encouraged members in the various communities to embrace regular checks on their health status for healthy living.

“It is my desire to see my people in good health always. Another group will be invited again to continue with this great move.”

Togbe Kwasinyi Agyeman further appealed to the youth to desist from using hard drugs “since the practice is alarming and had led to unwarranted deaths.”

He called on all to rise against the practice to save the young ones from unnecessary deaths.

Residents were drawn from Adidome and its surrounding villages such as Awakpedome, Bakpa, Tsawla, and Amelekope.

The medical team of the group screened hundreds of participants for various ailments such as Blood Pressure (BP), Body Mass Index (BMI), Blood Glucose, Eye, and others.

There were also general consultations and routine examinations with free drugs as well as free health insurance renewals during the exercise.

Source: Ghana News Agency

2023: We need more social intervention programmes-Catholic Bishops’ Conference

Accra — The Ghana Catholic Bishops’ Conference (GCBC) has urged the Government to implement more social intervention programmes to bring some relief to the citizens amid the economic hardship.

It also asked the Government to harness more resources to reduce the cost of living in the country.

A statement issued and signed by Most Reverend Matthew Kwasi Gyamfi, Catholic Bishop of Sunyani and President, GCBC, said though 2023 was a ‘difficult’ year, it was necessary that Ghanaians thanked God for His grace and mercies that they had enjoyed despite the hardships.

The Conference advised the populace to act responsibly in all spheres of life as 2023 unfolded.

“It is our fervent prayer and hope that the Year 2023 will be a year of new beginnings for our country Ghana and that as citizens, we will all act responsibly in all spheres of life.”

It said Christmas was a time to recall God’s ineffable love and renew one’s resolve to love as God had loved humanity and encouraged all to share with others, most especially the needy.

The statement appealed to road users to observe rules and regulations to ensure safety on the roads during the yuletide and beyond.

“Let us avoid the temptation of drink-driving and driving under stress. Indeed, peace is disrupted in the family, corporate, community and sometimes in national life when road accidents occur,” it said.

The Conference called on all the relevant state enforcement agencies to ensure that all road users complied with the road rules and regulations.

The statement called for humility and peaceful co-existence amongst all citizens in the coming year.

Source: Ghana News Agency

Ghana’s Hyperinflation Cools Holiday Season

Record inflation in Ghana, the highest in 21 years, is making the holiday season a struggle for many people. The high cost of living has forced many Ghanaians to cap their expenses, including traditional travels to the countryside to spend time with relatives. Families are instead trying to save money as the New Year approaches with uncertainty about what 2023 holds for the debt-laden West African economy.

Most Ghanaian city dwellers, like 40-year-old Florence Cudjoe, spend Christmas in the countryside with friends and relatives.

But Ghana’s struggling economy, hit by the pandemic and Russia’s war on Ukraine, pushed inflation to a record 50.3%.

The World Bank says the cost of food in Ghana is the highest in sub-Saharan Africa, more than doubling in the past year, with a loaf of bread nearly tripling in price.

The costs are forcing families such as Cudjoe’s to stay in the city this holiday season.

She says last year’s holiday season was much better, as they had money to buy food and spend quality time with family and friends in the village. Things are very expensive now, says Cudjoe, so she must cut down on holiday expenses because she has a lot of bills to settle next year, including her children’s school fees. She says they couldn’t even take the children out to the beach or restaurant to celebrate Christmas.

Cudjoe’s 12-year-old daughter, Priscilla, says this will go down as her worst Christmas ever.

I want to go out, she says, but my parents said they don’t have money. Priscilla says some of her friends in the neighborhood went to KFC, the beach, and the pool to have fun, but they have stayed home all week. She didn’t even get a Christmas dress from her mother, she says, and feels very sad.

At Accra’s busy Neoplan Station, where holiday travelers can take a bus to other parts of the country, most of the commercial drivers sit idle, waiting for passengers.

Forty-year-old driver Kojo Mintah tells VOA the poor economy forced many Ghanaians to cancel holiday travels.

“They have reduced fuel, but things are still expensive,” Mintah said. “Last year was not like this. Last year we had COVID, but it was better than today. This is very bad to us.”

Ghana is Africa’s second biggest exporter of cocoa and gold and was once touted as the continent’s rising economic star.

It now, though, has been struggling to pay its debts, at a ratio of more than 80% of GDP, and its currency, the cedi, is the worst-performing on world markets.

The high cost of living has led to sporadic protests and calls for the finance minister, Ken Ofori-Atta, to step down.

Daniel Amarteye, an economist with the Accra-based Policy Initiative for Economic Development, tells VOA Ghana must focus more on improving domestic production.

“We need to produce goods that we have the competitive edge and also minimize importation of commodities that, in my view, are unnecessary and we have the advantage to produce same,” Amarteye said.

Despite the economic woes, President Nana Akufo-Addo still sounded optimistic for Ghana’s future in his Christmas address to the nation.

“We have had to ride turbulent storms and we have been faced with the unknown,” Nana said. “I am happy that in spite of it all, we are beginning to emerge out of the difficulties, which encourages me to say that with hard work, dedication and continued prudence in the management of the affairs of our nation, we will rise up again.”

Ghana in November announced spending cuts, a freeze on government hiring, and a hike in the value-added tax to try to turn the economy around.

The International Monetary Fund this month agreed a $3 billion credit arrangement with Ghana for the next three years to help support and revive its economy.

Ghanaians can only hope the measures will be enough for a happier New Year.

Source: Voice of America