Dominica PM aiming to raise EC$30 million for CBI programme

Prime Minister Roosevelt Skerrit (Photo courtesy:dominicanewsonline.com)

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.

 

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