Dominica PM aiming to raise EC$30 million for CBI programme
Key Points(3)
- </span> <span style="font-weight: 400;">“The government is setting annual budget targets for the programme.
- There are different title deeds offered for such investments.
- Our second citizenship is used by people who need to travel a lot and can do that with a Dominican passport easier than with their home passport,” he added.</span>
Prime Minister Roosevelt Skerrit of Dominica, says his country is aiming to raise EC$30 million for 2015 in the Citizenship By Investment (CBI) programme.
The Prime Minister made the remark during an interview in Bangkok on November 7th with Investvine, a business news site in South Asia.
“The government is setting annual budget targets for the programme. This year, we aim at proceeds of $30 million from less than 200 citizenships granted,” he said.
Skerrit said the CBI is designed to grant investors a second citizenship and a Dominican passport in exchange for foreign investment.
“This can be done either by investing directly into a government development initiative or by purchasing property on the island, be it a holiday home or a fractional ownership of a hotel or resort development. There are different title deeds offered for such investments. Our second citizenship is used by people who need to travel a lot and can do that with a Dominican passport easier than with their home passport,” he added.
