The Hub for RCBI-Professionals
The Residences at Secret Bay celebrates a major milestone: Paying out its 100th ROI payment to its more than 50 owners from around the globe.
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Real investors share why they desired a second citizenship, why they chose Dominica, and, specifically, The Residences at Secret Bay.
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The Residences at Secret Bay just sold the most expensive vacation home estate in the country ever for US $7.1 million.
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MMCE, the same company constructing CBI-funded social housing units in Dominica, will build the new US$370m international airport.
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The report noted shortcomings in transparency (and the potential or actualized corruption that such opacity engenders) among five CIPs.
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Crypto-investors eye citizenship in Dominica for more personal freedom, and fewer lockdowns and restrictions, says Gregor Nassief.
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Dominica is back on the European Council’s blacklist of tax havens. Bermuda is opening a pricey residency by investment program.
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“During a time that feels unpredictable, investing in The Residences offers security and stability,” says Gregor Nassief, proprietor of Secret Bay.
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Dominica’s only six-star, all-villa resort has completed construction on four new villas and is concurrently launching its Phase 2 sales
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Dominica’s new entrepreneurship visa, which offers a path to citizenship in two years for US$50,000, finally has a launch date (of sorts).
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“When investing in Secret Bay, you’re putting your investment into the hands of a gentleman,” says Dominica’s Prime Minister Skerrit.
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The most popular option for the three years in aggregate, at 2,144 files, was the social housing option operated by Montreal Management.
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The new villas are scheduled to enter sales and resort operations this November with a fifth by early 2021.
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Dominica is planning an Entrepreneur Visa that offers a direct path to citizenship in two years for those who invest upwards of $50,000.
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The United States’ inability to mitigate the spread of COVID-19 and economic uncertainty are among the chief catalysts for rising American interest.
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“From a CBI Investment perspective, it means that the villa and property you are investing in are part of a globally recognized, award-winning resort that grows from strength to strength.”
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Dominica’s CIU has circulated the changes to the CIP’s investment and fee amounts, as well as the definition of dependents.
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The pandemic has slowed the real estate market globally, except for real estate connected to citizenship by investment programs.
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Loath to set off a price war, Caribbean CIPs are competing on inclusiveness. Yesterday, it was Dominica’s turn to revamp terms for families.
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Despite the pandemic, The Residences at Secret Bay has reached the 50% sold milestone of its built villas, with the most recent sale transacting last week.
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