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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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 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 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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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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EC$149M of CIP-Funds Already Saved Up For New Airport in Dominica

In a press release, Prime Minister of Dominica, Roosevelt Skerrit, has revealed that some EC$ 149 million (US$55m) has already been set aside for the construction of a new international airport on the island, in keeping with the government’s promise to allocate US$5 million CIP-sourced funds monthly to the purpose. “We said in the Parliament

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PM Skerrit in Interview: CIP-Countries Working on Price Agreement, Deeper Integration

Dominica’s Prime Minister Roosevelt Skerrit sat down with Investment Migration Insider to talk about how instrumental the Citizenship by Investment Programme has been to the country’s recovery efforts following last year’s hurricanes (which he calls “literally, a lifesaver”), how he expects the five CIP-countries in the Caribbean to agree on closer cooperation regarding information sharing

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OECS Should Run Caribbean CIPs, Says Saint Lucia PM Chastanet

Prime Minister Allen Chastanet of Saint Lucia, home to the Caribbean’s youngest citizenship by investment program (CIP), favors the concept of ceding local control and administration of the region’s CIPs to the Organization of Eastern Caribbean States (OECS), according to an article in the Saint Lucia Times. Chastanet, together with Prime Minister of Dominica, Roosevelt

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OECS PMs To Sign MoU on CIP Cooperation – “No Race to the Bottom” Says Skerrit

Just hours before we were scheduled to meet Prime Minister Skerrit for an interview in his office in Roseau, Dominica, word reached us that the PMs of the Caribbean CIP-countries are moving toward signing a Memorandum of Understanding on closer cooperation between the Citizenship by Investment Units on matters related to information sharing as well

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Dominica PM Vows to Use CBI-Funds to Create 1,100 Jobs for Hurricane Victims, Men in Particular

During a press conference yesterday, Prime Minister Roosevelt Skerrit of Dominica announced his cabinet had decided to “create 1,100 jobs for skilled and unskilled workers” in a plan financed by the country’s citizenship by investment program (CIP) set to start on March 1st. “It is the government’s view, while we will be building homes, putting roofs

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Dominica CIU Already Back in Business, in Spite of Hurricane Maria Havoc

Contributor: Ahmed Khalil Dominica’s CIU is back to normal and processing applications; contrary to a story circulated yesterday. Prime Minister Roosevelt Skerrit of Dominica said in a Press Conference two days ago that the country’s Citizenship by Investment Unit (CIU) is back to normal following the devastation by Hurricane Maria. This contradicts an article published

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Tax residency program trend: Why 3 Caribbean CIP-countries have opened them in 2 months

Tax residency programs are the dernier cri among Caribbean CIP countries. Saint Lucia, ever the trendsetter, kicked off the craze in Geneva on June 6th when Prime Minister Chastanet, during an exclusive interview with Investment Migration Insider, revealed that his government was rolling out a tax residency program together with the Headquarters Act. Some three

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Critics of Dominica CIP “seeking to destroy the country” says PM Skerrit, Barbados PM concerned about passport-sales

During Prime Minister Roosevelt Skerrit’s budget presentation in Dominica’s Parliament this week, several members of the United Worker’s Party, the island’s main political opposition, walked out in protest. The prime minister, in turn, proceeded to chide his rivals for what he has previously called “economic terrorism”, saying “You guys are seeking to destroy the country by

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Politicians implicated in diplomatic-passports-for-millions scheme in Dominica – threat to CIP says developer

A story involving accusations of corruption, lies, and under-the-table dealings at the highest political levels is unfolding in the Eastern Caribbean. The saga began when Lennox Linton, head of the island’s parliamentary opposition, the United Workers Party, appeared on an episode of CBS’ 60 Minutes in January. Linton implied that Prime Minister Roosevelt Skerrit had been

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