Warnings to Caribbean Politicians Who Seek to Make CIPs Political Footballs During Elections
Burning down a citizenship by investment program to become king of the ashes is not credible nor effective, writes Carlyle Rogers.
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dominica
25% of Dominica’s GDP and Half of Govt. Revenue to Come From CIP This Year
Confirming the prediction from last year, Dominica’s Prime Minister Roosevelt Skerrit has confirmed in his budget address that revenue from the country’s citizenship by investment program will represent 25% of GDP and some 51% of government revenue in the fiscal year 2019-20, WIC News reports. The statement highlights the criticality of the program in sustaining
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CBI-Debate Escalates to Ad-Hominem Attacks in Dominica As Election Looms
Both sides of the aisle fling scathing allegations as the citizenship by investment program takes center stage in the political debate ahead of possible elections.
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Opposition Plans to Give Dominica CIP Exclusivity to a Single Company, Claims PM Skerrit
PM Skerrit claimed Dominica’s political opposition had agreed to grant a single company exclusive agency for the CIP in exchange for campaign funding.
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IMF to Dominica: Set Aside CBI-Revenue For Rainy (Hurricane-y) Days
The IMF also noted a strong economic recovery in Dominica, attributing much of it to investments in hotels scheduled to open this year.
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Dominica CIP’s Due Diligence “Has Been Lax” Says US State Department in Report
While largely satisfied with the vetting standards among CIP jurisdictions, the State Department expressed concerns regarding the due diligence in Dominica.
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Persecuted Egyptian Activist Asks Online Followers’ Help to Get Dominica Citizenship by Investment
Human rights advocate Sherif Gaber tells the harrowing story of how Egyptian authorities are preventing him from leaving the country and asks his followers to help him invest in a Dominica citizenship.
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Indian Govt. Disgruntled as Buddhist Leader Gains Travel Freedom With Dominica CIP
In November, Investment Migration Insider broke the story of Ogyen Trinley Dorje (the 17th Karmapa Lama) obtaining citizenship in Dominica through the country’s Citizenship by Investment Programme. Having learned of the development, Indian authorities – who had severely restricted the spiritual leader’s mobility for nearly two decades – have expressed their dismay. Global travel freedom
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Likely Successor to Dalai Lama Gets Dominica Citizenship by Investment
Ogyen Trinley Dorje, one of two claimants to the title Karmapa Lama and tipped by leading buddhists to be among the most likely candidate to be the next Dalai Lama, has obtained a citizenship in Dominica through investment in Jungle Bay. A press release from Jungle Bay developer Sam Raphael indicated the process had been
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Dominica to Spend US$60 million of CIP-Savings on Land for New Airport
Speaking at a Town Hall meeting in Canada, Dominica’s Prime Minister Roosevelt Skerrit said his government is currently in the process of acquiring land for the construction of an international airport on the island, Dominica News Online reported on Tuesday. The estimated cost to acquire the land in the Woodford Hill, Wesley area, located in the northeastern
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Montreal Management Speaks Out on Dominica CIP Matter
Last week, we wrote about allegations coming from several citizenship consultancies claiming a Sharjah-based company named Montreal Management Consultants Est. (MMCE) had obtained exclusive wholesale discounts from Dominica, allowing it to offer citizenship-by-investment packages under the Dominica CIP’s contribution option at rates considerably lower than the rest of the market and, indeed, below the program’s
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Dominica CIU Scolds Agents for “Special Discount” Offers on CIP; Agents Claim CIU is Guilty of Same Offense
As Dominica’s CIU warns agents not to offer “special discounts” on citizenship, several agents say the CIU has been handing out inappropriate discounts of its own. In a circular addressed to accredited agents of the Dominica Citizenship by Investment Program, the Citizenship by Investment Unit (CIU) chides promoters of the program for what they say
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Dominica to Become 4th CIP-Country With Visa-Free Travel to Russia
The Russian government has endorsed a visa-waiver agreement with the Commonwealth of Dominica that will allow Russian and Dominican citizens to visit each other’s countries for up to three months at a time, reports TASS. “The draft agreement waives visas for holders of Russian passports valid abroad, including diplomatic and service passports, and citizens of
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Dominica Tops CBI-Index Again in 2018, But Major Methodology Flaw Remains
For the second year running, Dominica has ranked first on a global ranking of citizenship by investment programs. The Citizenship by Investment Index, published by Professional Wealth Management, a subsidiary of the FT, is the product of a cooperation between independent researcher James McKay and CS Global, an investment migration consultancy. The index rates each
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A History of Citizenship by Investment – Infographic
From Saint Kitts & Nevis in 1984 to Jordan, Moldova, and Montenegro in 2018; we’ve made a step-by-step guide to the history of citizenship by investment programs. The infographic, originally published in June 2017, has been updated to reflect the new citizenship by investment programs in Moldova, Montenegro, and Jordan. We’ve also expanded it to include
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Dominica PM: 52% of Govt. Revenue to Come from CBI-Program in FY 2018/19
In his budget speech, delivered in Parliament on Wednesday, Prime Minister Roosevelt Skerrit of Dominica revealed his government expects revenues related to the country’s Citizenship by Investment Programme to account for nearly 52% of total government revenue over the upcoming fiscal year. The total expected revenue, he said, would amount to some EC$788.7 million, of which
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Range-Boss Asaria Dispels Fake News Regarding Arrest in China
Yesterday, a news outlet based in the Caribbean published a story claiming Mohammed Asaria – founder of Range Developments, the developer of Park Hyatt Saint Kitts, the Cabrits Resort in Dominica, as well as the Six Senses Saint Kitts – had been arrested and detained in China on suspicion of illegal fundraising. Range Developments have
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WATCH: Caribbean Citizenship by Investment – Episode 4: Dominica
Episode 4 of the documentary series Caribbean Citizenship by Investment, the first-ever documentary on all five citizenship by investment programs (CIPs) in the Caribbean, is now available. In the series, we visit each country to learn more about the respective citizenship by investment programs and life on the ground on the islands. The fourth episode covers
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Dominica to Get Visa-Free Access to Russia, UAE, Possibly China, Says PM Skerrit
Prime Minister Roosevelt Skerrit of Dominica says his country is in the final stages of clinching a visa-waiver agreement with both Russia and the UAE, and is actively engaged in negotiations for a similar agreement with China. “We are in advanced stages of negotiations with the authority of the UAE; we had been given the approval
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CIP-Funds, Venezuelan Govt. to Fund New Homes in Dominica
The government of Dominica has commissioned the construction of 62 housing units in Grand Bay for people who lost their homes during last year’s hurricane season. The money will come from the country’s citizenship by investment program, as well as the government of Venezuela. Eleven local contractors have been tasked with the construction of the
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