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Dominica reaches monumental agreement with other Caribbean Citizenship by Investment nations

Roseau, March 25, 2024 (GLOBE NEWSWIRE) — The citizenship by investment programme (CBIP) countries within the Organisation of Eastern Caribbean States (OECS) have agreed upon legislation to ensure the integrity of their CBIPs, supported by the government of the Commonwealth of Dominica. 

The virtual signing ceremony was held on Wednesday, 20 March, the four OECS countries, Antigua and Barbuda, Dominica, Grenada, and St Kitts and Nevis signed the Memorandum of Understanding (MoU) on 20 March 2024. This landmark pact included setting a minimum CBIP price threshold to US$200,000, elucidating the commitment of Caribbean CBI countries to solidify their commitment and maintain the dialogue with international partners.  

The MoU includes outlined agreements among the four CBI countries to accomplish the following: 

  • Exchange of best practices and due diligence processes 
  • Set a minimum threshold of USD200,000 and this threshold must represent the actual amount of funds received 
  • Sharing information on applicants; 
  • Enhance transparency by disclosing funds; 
  • Conduct independent financial and operational audits; 
  • Establish regional authority to set regional  standards; 
  • Set common standards for communication and promotion; 
  • Regulate agents; and 
  • Conduct joint training programmes and capacity–building initiatives for CBI administrations. 

Dominica leads on CBIP integrity 

The Commonwealth of Dominica was at the forefront of these changes, with the Prime Minister of Dominica, Honourable Dr Roosevelt Skerrit, announcing that he signed the agreed–upon changes ahead of his Tuesday press conference. Dominica continues to demonstrate receptiveness towards enhancing and maintaining the integrity of the CBIP. 

As announced in the press conference, Honourable Dr Skerrit explained that the Caribbean CBI countries will work together to address the European Union’s (EU) questions about CBI and visa–free travel to the Schengen area. Honourable Dr Skerrit explained that CBI countries are continuing the push to strengthen the integrity of the CBIPs. 

“As you know there are countries within the OECS who have these programmes, Antigua, Dominica, Grenada, St Lucia, and St Kitts and Nevis…and the concerns have been raised by these [European] countries…and the need for all of us to take certain actions to set aside the concerns which the EU in particular would have had with these programme,” Honourable Dr Skerrit said. 

Changes made in line with EU dialogue  

Honourable Dr Skerrit reiterated Dominica’s consistent dialogue with the EU, emphasising the meeting held between the five CBI Caribbean countries and the EU Directorate General of Migration and Home Affairs. This is evident in the EU officials visit to Dominica on 24 January 2024 with the OECS countries to discuss the Caribbean CBIPs. 

Honourable Dr Skerrit stated that “Dominica has taken some very comprehensive measures to allay and to set aside the concerns of the European Union and other parties who we engage in on this matter.” 

“Further to that, the countries within the OECS who have these programmes, we have met jointly, and we have agreed to take some joint actions, some of which, not limited to but include having the same legislation to deal with the whole (CBI) programmes”. 

Standardising CBIPs 

The legislation standardises due diligence, information between CBIPs, and sets minimum price structures to ensure no applicants could apply for citizenship ‘below a particular fixed rate’. 

These things, Honourable Dr Skerrit maintained, “will place all of us in a much stronger position in terms of our response to the concerns the EU would have raised.”  

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GLOBENEWSWIRE (Distribution ID 9078632)

Prime Minister of Dominica Touts Unparalleled Benefits of Citizenship by Investment Programme

Roseau, Jan. 09, 2024 (GLOBE NEWSWIRE) — Dominica’s Citizenship by Investment Programme continuously builds on trust and responsibility, where stringent regulations and unwavering commitment promise not just citizenship but a future of sustainable growth and transformative national development 

During a recent press conference, Dominica’s Prime Minister, Honourable Dr Roosevelt Skerrit, asserted that the CBI Programme has provided exceptional advantages to its citizens, surpassing any other country worldwide. 

Visible Transformations Across Dominica’s Communities 

Honourable Dr Skerrit emphasised the tangible impact of the CBI Programme on Dominican communities. Citing specific examples such as Bellevue Chopin, Center in Grandbay, Castle Bruce, and San Sauveur, he highlighted the construction of hundreds of homes and the implementation of new water systems, all funded via the CBI Programme. 

Elevating Lives through Affordable Housing 

Honourable Dr Skerrit disclosed the average cost of a home facilitated by the CBI Programme, noting that this initiative has lifted individuals out of poverty by providing them with new homes. The Prime Minister also highlighted the substantial financial assistance provided to citizens post–hurricane events allocated for roof and home repairs. 

Strategic Investments for National Development 

In addition to housing, Honourable Dr Skerrit pointed out the significant investments made in various sectors, including manufacturing, agriculture, and small businesses. The Prime Minister emphasised the CBI funds allocated at low–interest rates through the AID Bank to foster economic growth and job creation. 

Recent developments of the international airport have continued since last year. The mobilisation works, including the clearing of the 500–acre site, road development, and various soil disposal sites, are nearly complete. Accommodation, offices, workshops, storage facilities, and utilities have reached 99 per cent completion, with ongoing work on the asphalt mixing plant and crusher. 

Honourable Dr Skerrit emphasised ongoing communication with major airlines to provide updates on project development and interim progress at Douglas–Charles Airport. The International Airport Project, part of Dominica's transformative initiatives, involves a contract signed with Montreal Management Consultants Development Ltd (MMCE) in June 2021.  

Honourable Dr Skerrit anticipates continued progress on the world's longest Cable Car Project and the commencement of the Cabrits Marina in Portsmouth this year. 

Dominica has achieved world–class healthcare infrastructure, marked by new facilities, cutting–edge equipment, and strategic initiatives. The nation's focus on sustainable and disaster–resistant medical infrastructure has positioned it as a leader in the Caribbean. 

The Marigot Hospital is funded by the CBI ProgrammeandProgramme and serves the Marigot Health District, offering a 40,000 square feet facility with 75–bed capacity, ambulatory services, emergency care, ICU, maternity and paediatric care, laboratory and radiology services, and a trauma centre. 

There is a network of twelve medical centres strategically placed to provide high–quality healthcare across the island, reducing travel time and improving emergency response. 

Dominica's comprehensive and well–thought–out approach to healthcare sets it apart in the Caribbean, serving as a model for nations aspiring to emulate its success. The new facilities and initiatives demonstrate a commitment to the well–being of citizens and effective healthcare management. 

Diverse Societal Benefits Beyond Infrastructure 

The Prime Minister expanded on the multifaceted benefits stemming from the CBI Programme. These include substantial investments in infrastructure, the creation of health centres, support for students studying overseas, and the implementation of the National Employment Programme (NEP). 

Geothermal Project: A Sustainable Energy Future 

Honourable Dr Skerrit clarified that funds from the CBI Programme have been instrumental in financing the Geothermal Project. This strategic investment aims to ensure energy security, reduce energy costs for consumers, and attract further investments into the country. 

The geothermal power plant, expected to be operational by the end of 2025, will sell electricity to DOMLEC, reducing the country's reliance on fossil fuels. This initiative aims to stabilise and reduce domestic electricity tariffs, decarbonise power generation, and responsibly utilise Dominica's geothermal resources. 

The Government of Dominica and Dominica Electricity Services (DOMLEC) entered into an agreement with a US company, Ormat Technologies Inc., to develop a ten–megawatt geothermal power plant in Laudat. The agreement, signed during COP 28 in Dubai, outlines Ormat's financing and operation of the plant and geothermal wells for 25 years. The Government will retain ownership of invested assets, with the transfer to occur after the contract period. 

Ormat, with over 50 years of geothermal experience, will contribute its expertise, and the partnership signifies a significant step in Dominica's sustainable energy goals.  

The Government of Dominica is nearing completion of preparations for commercial geothermal operations. Seven geothermal wells have been drilled in Laudat, Wotten Waven, and Trafalgar, revealing a resource capable of supporting ten megawatts of electricity generation in Laudat.  

Additionally, the Government has given approval for the design of a robust and efficient electricity transmission network, connecting the geothermal power plant in the Roseau Valley to Fond Cole, linking both the geothermal and hydroelectric power plants to the national grid. These developments mark significant progress in Dominica's efforts to harness geothermal energy for sustainable electricity generation. 

Newly Introduced Major Changes to the CBI Programme Regulations 

The Commonwealth of Dominica's government has introduced a comprehensive set of regulations to strengthen its CBI Programme and the Citizenship by Investment Unit (CBIU). The new guidelines aim to reinforce the legal framework, emphasising due diligence and integrity in the CBI Programme. 

Key changes in the regulations include the following: 

Authorised Agents (AAs) 

Must be Dominican citizens and maintain registered offices in Dominica with at least three staff, they need to undergo independent due diligence checks while complying with increased registration and renewal fees. Stricter regulations, higher application requirements, and increased fees are now applied. These include formalised guidelines to ensure compliance to regulations  

Due Diligence 

Mandatory interviews for applicants and dependants over sixteen with a  commitment to advancing due diligence protocols to meet international best practices. 

Dependants and Name Changes 

Adult children must be fully supported to be eligible dependants in an application. Name changes can only be applied after five years of naturalisation.  

The Government is committed to transparency and responsibility in managing CBI funds for the future of the country. 

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GLOBENEWSWIRE (Distribution ID 9015020)

The Commonwealth of Dominica offers South African viable growth opportunities

Roseau, Sept. 29, 2023 (GLOBE NEWSWIRE) — The South African business landscape has become difficult with numerous economic and regulatory challenges that startups and business owners face, driving them to seek opportunities abroad. Many more South African businesspersons are exploring citizenship by investment (CBI) programmes. The Commonwealth of Dominica offers a Programme for South African businesspersons to grow and succeed.

South African entrepreneur Athi Rwexu's journey from local startup founder to global success story highlights the challenges faced by small businesses in South Africa. While her mathematics application, Beta–SigmaX, aimed to make math accessible to children worldwide, Rwexu found it more promising to seek support and investment in the United Kingdom than in her home country.

This trend of South African startups seeking opportunities abroad due to unfavourable conditions has caught the attention of the Department of Small Business Development (DSBD).

Mofalefa Mohoto, the acting deputy director–general of DSBD, acknowledged that many startups, especially in the tech sector, were moving overseas because of issues such as funding limitations and regulatory hurdles.

South Africa's tax policies and business regulations often hinder the growth of startups, pushing them to explore more conducive environments abroad.

The Southern African Venture Capital and Private Equity Association (Savca) reported a decrease in venture capital investment in South Africa in 2021, reflecting the challenges faced by startups seeking capital in the country.

One key issue is that South African financial institutions typically require a proven track record of returns before investing, a barrier that many startups cannot overcome. To address these challenges, DSBD has initiated a “start–up act movement” to tackle the regulatory issues constraining startups' growth and create an environment conducive to their success.

The goal is to foster high–tech startups that can eventually become major players, similar to the success stories in Silicon Valley and other innovation hubs.

Despite the challenges, there is optimism within the South African startup ecosystem. Rwexu believes that the ongoing discussions on startup support in South Africa are promising, and there is hope for a brighter future in the sector. However, for businesspersons who are struggling in South Africa, there is another potential avenue to consider – citizenship by investment (CBI) programmes in the Caribbean.

Citizenship by Investment Programmes for business start–ups

As South African entrepreneurs face hurdles in their home country, some are exploring alternative options to support their businesses and secure their future. CBI programmes, commonly offered by several Caribbean nations, present an appealing opportunity for South African small business owners seeking stability and growth. A notable destination that offers this CBI programme is the Commonwealth of Dominica.

The benefits of these Caribbean CBI programmes

Foreign Direct Investments

The Government of Dominica is actively promoting and facilitating foreign direct investment (FDI) in the country, with a strong emphasis on industries that generate employment, bring in foreign currency, and positively impact the local population.

To encourage businesses to set up in Dominica, the government has established various investment incentives through the Invest Dominica Authority (IDA). These policies include generous tax incentives, allowing duty–free importation of equipment and materials, exemptions from value–added tax on specific capital investments, as well as waivers on withholding tax for dividends, interest payments, and certain external payments and income.

Additionally, the IDA offers support to approved CBI projects, providing an attractive avenue for certain forms of foreign direct investment.

In 2021, the IDA introduced an Investment Promotion Strategy that targets four key sectors:

1. Organic agri–business.

2. Aquaculture and manufacturing.

3. Renewable energy.

4. Tourism.

These sectors are seen as critical for the country's economic growth. Dominica is also actively exploring opportunities in knowledge services, including business processing operations. Beyond these priorities, the government maintains an open stance toward FDI and continually evaluates other sectors for investment potential.

Importantly, Dominica welcomes foreign investors with open arms and imposes no restrictions on foreign control. Foreign investors enjoy the same rights as local nationals and can own up to 100 per cent of their investment. This approach underscores Dominica's commitment to providing a conducive environment for foreign businesses to thrive.

The IDA plays a crucial role in overseeing proposed investments seeking government incentives. Their evaluation ensures that each project aligns with national laws and serves Dominica's best interests while delivering economic benefits. This review process is transparent and involves a series of steps that investors must follow to secure a business license.

Dominica transforming into a digital economy

As part of the National Reset initiative, the government of Dominica has made a deliberate choice to allocate more budget resources to productive sectors. The aim is to encourage the emergence of new businesses and the growth of existing ones.

This strategy is geared towards generating additional employment, expanding the nation's economy, and contributing to a resilient and sustainable development path for Dominica. Key areas of investment include agriculture, value–added manufacturing, the blue economy, tourism, renewable energy, export–oriented services, the digital economy, and commerce.

Dominica has made significant strides in transitioning towards a digital economy, both in the private and public sectors. Private enterprises have introduced online banking, digital bill payment platforms, and online shopping. Many businesses have fully embraced digital processes.

The government has played a pivotal role in driving this transformation by introducing new digital services for public use each year. To further support the development of the digital economy, the government plans to invest directly in the country's young population.

Grants will be provided to support digital technology initiatives, empowering young people with skills, resources, and tools to excel in the digital era. The application process for these grants will begin in the first quarter of the fiscal year, and young individuals are encouraged to seize these opportunities.

One immediate benefit of the government's investment in the digital economy is the creation of online job opportunities. To date, 181 Dominicans have received training, and 109 have been engaged in online jobs on the global stage. An additional 60 individuals are participating in a 12–week training programme. These efforts reflect the government's commitment to enhancing the capabilities of its citizens and creating improved job prospects for them, aligning with the broader goals of national development.

The Government of Dominica supports businesses in the tourism sector

The Ministry of Commerce, Enterprise, and Small Business Development in Dominica has a clear mission to foster the growth of resilient businesses and promote economic transformation. They aim to create an environment that is supportive of business development, capable of adapting to climate–related challenges, and facilitating recovery from adverse climate events.

To achieve these goals, the government has implemented measures to encourage the organised growth of micro, small, and medium enterprises (MSMEs), which play a significant role in the private sector and contribute substantially to employment.

The government initially allocated funds to support these initiatives, and it has additionally secured more funds to aid MSMEs in developing and restructuring their businesses, enabling them to navigate the current economic challenges effectively.

In response to these efforts, the Cabinet has approved significant changes to the Small Business Support Unit (SBSU) Small Business Enterprise Development Grant application process. Grant assistance amounts now vary. This flexible approach considers factors such as the readiness of entrepreneurs, the level of innovation, expansion plans, export readiness, and the hiring of employees beyond family members.

These changes reflect the government's commitment to providing substantial support to small businesses and encouraging their growth and resilience in the face of economic challenges.

This Caribbean nation is not only a beautiful tropical paradise but also an inviting destination for entrepreneurs and investors looking to make a positive impact while enjoying the island's natural beauty and cultural richness.


GLOBENEWSWIRE (Distribution ID 8930874)

CNN Travel recognises Dominica as one of the best Caribbean islands

Roseau, Sept. 14, 2023 (GLOBE NEWSWIRE) — The Cable News Network (CNN) Travel has nominated the Commonwealth of Dominica as one of the nine best islands in the Caribbean!

All nine countries were categorised based on what they were known for catering to a variety of tourists' reasons for travelling to the Caribbean. Dominica, also widely referred to as the "Nature Isle of the Caribbean', boasts intricate features that make it one of the ultimate destinations for tourists and visitors alike.

CNN Travel classified all nine countries according to the following criteria:

1. Dominica: For lush natural beauty

2. North and Middle Caicos: For the unspoiled Caribbean

3. Curaao: For "city' life

4. Saba: For white–knuckle aviation thrill

5. Antigua: For diverse beaches

6. Barbados: For great cuisine and rum

7. St Barts: For over–the–top luxury

8. Puerto Rico: For music and dance

9. Martinique: For a taste of France in the Caribbean

CNN Travel highlighted the lush natural island as it is home to natural rainforests, luxurious eco–friendly resorts and sustainable and eco–tourism practices around the Nature Isle. Coulibri Ridge, is one of Dominica's eco–resorts that has been featured on Conde Nast Traveller and prides itself on its sustainable accommodation standards.

Tourists can complement their visit by booking accommodation in any of the luxurious resorts with natural outdoor adventures. Some factors that supported this recognition are as follows:

Untamed nature

It is renowned for its lush rainforests, pristine rivers, and abundant waterfalls. The island's rugged terrain includes the Morne Trois Pitons National Park, a UNESCO World Heritage site, which showcases volcanic peaks, hot springs, and the famous Boiling Lake.

Morne Trois Pitons National Park

The Morne Trois Pitons National Park is a UNESCO World Heritage Site renowned for its stunning natural beauty and unique geological features. Spanning approximately 68,000 acres, this park encompasses a diverse range of ecosystems, making it a biodiverse hotspot in the Caribbean.

The national park is dominated by volcanic activity, the park displays dramatic features like Boiling Lake, the world's second–largest hot spring, and the Valley of Desolation, known for its fumaroles and bubbling mud pots.

There are several breathtaking waterfalls, including Trafalgar Falls and Middleham Falls, offering visitors the opportunity to swim in refreshing pools and enjoy the lush surroundings.

There is a rich biodiversity and home to various rare and endemic species of plants and animals, including the Sisserou parrot, which is the country's national bird. It plays a crucial role in conservation efforts, protecting endangered species and preserving Dominica's natural heritage.

Morne Trois Pitons offers a network of well–maintained hiking trails, allowing visitors to explore its natural wonders, such as the challenging trek to the Boiling Lake or the accessible Emerald Pool trail.

The park is also culturally significant, with historical remains of indigenous Kalinago settlements, adding an anthropological dimension to its natural beauty.

Boiling Lake

The Boiling Lake is a geothermal wonder situated within Morne Trois Pitons National Park, formed by the collapse of a fumarole, a vent for volcanic gases. It is one of only a few known boiling lakes in the world.

The lake's most distinctive feature is its constantly churning and bubbling waters, caused by the intense heat beneath. The water temperature ranges from 180 to 197 degrees Fahrenheit (82 to 92 degrees Celsius), making it too hot for a traditional swim.

The lake is one of the largest of its kind globally, spanning approximately 200 feet (61 meters) in diameter. Its depth is estimated to be over 200 feet, although exact measurements are challenging due to the constantly changing water levels.

The Boiling Lake is a testament to Dominica's volcanic activity. It is nestled within a volcanic crater and surrounded by a lush rainforest, highlighting the island's geological diversity.

Accessible only by a challenging hike, the journey to the Boiling Lake takes trekkers through dense forests, sulphur springs, and breathtaking viewpoints, making it a popular destination for adventurous hikers and nature enthusiasts.

Soufriere–Scott's Head Marine Reserve

The Soufriere–Scott's Head Marine Reserve (SSMR) pristine and ecologically significant protected area alongside the west coast of Dominica. One of the most remarkable aspects of this reserve is its diverse marine ecosystem. The nutrient–rich waters support an array of marine species, including vibrant coral reefs, sponges, and an impressive variety of fish species. Divers and snorkelers can witness the colourful underwater world with species like parrotfish, angelfish, and seahorses.

Dominica's volcanic origins are evident in the underwater landscape of the SSMR. Submerged volcanic craters, drop–offs, and underwater vents create a dramatic and dynamic seascape. The Soufriere volcano, which gives the area its name, is a prominent feature. The reserve also boasts underwater hot springs and geothermal activity, creating unique geological formations.

The reserve is located at the southern tip of the island, where the Caribbean Sea meets the Atlantic Ocean. The rugged coastline and cliffs of Scott's Head Peninsula provide stunning vistas and hiking trails for those seeking a terrestrial adventure.

The marine reserve offers world–class diving opportunities, with sites like "Champagne Reef' where underwater geothermal vents release streams of bubbles, resembling champagne. This phenomenon creates an otherworldly diving experience.

The reserve's coastal and mangrove areas are important habitats for various bird species, including migratory birds, making it a haven for birdwatchers. It is protected by strict conservation regulations, including no–fishing zones, to preserve its natural beauty and biodiversity.

There is a cultural importance to the local community, as Scott's Head Village is a fishing hub and a gateway for exploring the marine reserve. The reserve's beauty extends beyond its underwater wonders, with numerous hiking trails, waterfalls, and birdwatching opportunities.

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GLOBENEWSWIRE (Distribution ID 8922488)

30 things you did not know about Dominica

Roseau, Sept. 08, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica is a small island located in the Caribbean between Martinique and Guadeloupe. Tourists marvel at the crystal blue ocean views and tropical humid climate, there is an abundance of discovery on the Nature Isle of the Caribbean.

Explore 30 interesting facts about the magical island of Dominica!

Cultural history

1. Dominica was named by Christopher Columbus

Prior to Christopher Columbus' arrival on the island, the Caribbean settlers named it Watikbuli, meaning "Tall is her Body'. In 1493, Christopher arrived on the island and named it Domingo, which means Sunday, the day which he discovered the island.

2. Dominica has an interesting motto

The motto is French, "Aprs le Bon Dieu, c'est la Terre', translated to English as "After God, the Earth', Dominica eloquently displays its natural beauty.

3. Dominica is a republic in the Commonwealth

The Nature Isle gained its independence on 3 November 1978 and celebrates this day annually with vibrant national festivities. These include cultural markets, music festivals, and beauty pageants.

4. The National Anthem is titled "Isle of Beauty, Isle of Splendour'

Dominica's national anthem was written by Wilfred Oscar Morgan, with the music composed by Lemuel McPherson Christian OBE, after receiving statehood in 1967.

5. Government system

As a parliamentary democratic republic nation, The Executive branch of government has a President and Prime Minister, whereby nominees are elected in consultation with the opposition leader. The two–party system, with the ruling Dominica Labour Party and the opposition party, the United Worker's Party.

All Dominican adult citizens may cast their ballots every five years during the government elections.

6. Dominica's President, His Excellency, the Honourable Charles Savarin

Elected as Dominica's eighth president in October 2013, Honourable Charles Savarin is a member of the Dominica Labour Party. He received his nomination from Prime Minister, Honourable Roosevelt Skerrit, who has been the head of government since August 2004. Previously, His Excellency, Honourable Savarin was a teacher, trade unionist, parliamentarian, diplomat, and government minister.

7. English Common Law system

Dominica's constitution includes the right to life, personal liberty, and freedom of expression, which follows one–third of the world's English Common Law. The hierarchy of Dominica's court starts from the Magistrate Court, High Court, Court of Appeal, and lastly The Court of Appeal the Privy Council.

8. Dominica's small population of 72,412

The population of Dominica is currently sitting at 72,414, making it the 11th least–populated nation in the world.

9. The Dominican flag is one of only two national flags with the colour purple

Out of all the nations in the world, Dominica's national flag is one of only two national flags to incorporate the colour purple. The other is the Nicaraguan national flag. The Dominican national flag features a Sisserou Parrot that has purple feathers on the underside and the crown.

Geographical landscape

10. The island is also known as the Nature Isle of the Caribbean

Dominica's spectacular natural beauty is oftentimes affectionately known as "The Nature Isle of the Caribbean." The vast amount of the island is covered in lush forests. Year–round visitors can experience wondrous waterfalls and mud ponds. Indigenous rainforest animals and insects such as parrots, iguanas and rare butterflies make up some of the phenomenal fauna.

11. The national flowers for Dominica

The Sabinea carinalis, warmly known as the "Bwa Kwaib' or the Carib Wood. Is the indigenous wild xerophytic plant. In bloom, it exhibits bright scarlet flowers from its branches. It is said to represent the longevity of the Dominican youth.

12. The National Bird of Dominica is the Sisserou Parrot

The national bird of Dominica the Sisserou (Amazona Imperialis), "The Pride of Dominica" is found on the country's emblems such as the Coat of Arms, the National Flag, the Public Seal, The Mace of the House of Assembly and Dominica's Honours for Meritorious Service. The imperial parrot is endemic to Dominica's dense mountainous rainforests. This shy and yet attractive indigenous bird has resided on the island for numerous thousands of years and can live over 70 years of age. The bird is an endangered species and is under preservation.

13. Dominica is the only country in the world where sperm whales reside year–round!

Sperm whales have called Dominica's waters their home, and it is extremely likely to spot them swimming in pods, as whales and dolphins live close to shore throughout the year.

14. The Island is home to the Giant Ditch Frog known as the "mountain chicken"

Dominicans refer to the frog as the "mountain chicken" due to its legs imitating drumsticks. The frog used to be a delicacy as a national dish and is now under conservation to preserve the species.

15. Home to the Caribbean's first long–distance hiking trail

The Waitukubuli National Trail (WNT) is the first long–distance hiking trail in the Caribbean. It is estimated to be 183 km long and is split into 14 sections. The trail was built between 2007 and 2012, the route crosses through Dominica and traverses some of the country's most spectacular terrain. It will take a minimum of two weeks to complete the hiking trail.

16. Dominica is home to a UNESCO World Heritage Site

The Morne Trois Pitons National Park is the exclusive Heritage Site in Dominica and was designated a UNESCO World Heritage Site in 1997. This national park is situated in the southern half of the island and contains many of Dominica's most spectacular attractions including the Titou Gorge, Boeri, Freshwater Lakes, the Boiling Lake, and the Middleham Falls. The Morne Trois Pitons National Park covers roughly 9 per cent of Dominica's land area.

17. Dominica has practised herbal medicine for centuries

The original inhabitants of the island, the Caribs, and later Africans, brought with them thorough knowledge of plants and herbs. This knowledge has been passed down through generations and many herbs like Moringa, Basil and Dandelion are still used today for medicinal purposes, usually referred to as "bush medicine."

Economic features of Dominica

18. Dominica's main industries

The country's main industries are agriculture, tourism and manufacturing. Over 20 per cent of the island's land is arable and under cultivation, with bananas traditionally serving as Dominica's largest export. Although Dominica has recently increased the production of other fruits, as well as vegetables and coffee beans.

Dominica's tourism sector continues to steadily grow, with the alluring nature attracting an estimated 200,000 holidaymakers annually. The island's manufacturing industry primarily depends on raw materials from the agricultural sector, where in–demand exports include coconut soap, ceramics and shoes.

19. Dominica's official currency is the East Caribbean Dollar (XCD)

Dominica introduced the Eastern Caribbean Dollar (ECD) currency in 1965, which is used in another seven countries in the Organisation of Eastern Caribbean States (OECS).

Foreign currencies including the euro and dollar are also accepted as tender. It is also pegged to the US dollar at a rate of US$1 to ECD (East Caribbean Dollar) $2.70. As Dominica is a member of the Commonwealth, all banknotes and coins feature an image of King Charles III.

20. The Gross Domestic Product (GDP) Dominica

The World Bank recorded the island's GDP had an outstanding US$612,048,148 in financial year 2022.

21. Investors can acquire Citizenship of Dominica by Investment

Investors in Dominica tend to seek citizenship through investment opportunities around the country. When visitors officially become Dominican citizens, they can develop businesses, work, relocate and extend their citizenship to their family members.

Dominica's CBI Programme received first in the Citizenship by Investment (CBI) initiative for six consecutive years by the CBI Index.

22. English is Dominica's official language

English is universally spoken in Dominica and UK English spelling is used. Dominican Creole (an Antillean Creole derived from French), and French Patois are spoken amongst the locals. This is because of the long history of French migration to the island as well as Dominica's location between two French–speaking countries; Martinique and Guadeloupe.

23. Christian religious practices

Christianity is the most common religion in Dominica, practised by over 90 per cent of the population. However, religious freedom is enshrined in the Constitution of Dominica so inhabitants can follow alternative faiths if they so choose, such as Rastafarianism.

24. Cricket is the most popular sport in Dominica

Many Dominican cricketers play for the West Indies cricket team internationally. Shane Shillingford and Adam Sanford are two of the most notable cricketers from Dominica.

25. The capital city of Dominica is Roseau

The largest city in Dominica it is located on the Southwest coast of the country and is surrounded by the Caribbean Sea, the Morne Bruce Hill and the Roseau River. Filled with lively markets, 18th–century French architecture and famous landmarks like the Roseau Cathedral and the Morne Bruce Cross.

26. The Main Airport is Douglas–Charles Airport

Formerly known as Melville Hall Airport, Douglas""Charles Airport is Dominica's largest of the country's two airports. Douglas""Charles Airport operates both passenger and cargo planes to other destinations in the Eastern Caribbean region.

27. Dominica is on a quest to be the world's first climate–resilient nation

The Government of Dominica has called on investors around the world to assist in the development of sustainable and robust industries and infrastructure. This is an exclusive opportunity to implement the latest technologies and developmental approaches. Dominica aims to be at the forefront of tackling climate change challenges.

28. Unique rivers for each day of the year

Apart from breathtaking beaches and volcanoes, Dominica has over 365 rivers! While some are cool and clear, others are cloudy and fast. All the rivers are surrounded by exotic plants and flowers. The Indian River is the widest on the island, and many visitors choose this river to explore the rivers for the first time.

29. There are nine active volcanoes in Dominica

Dominica has the highest concentration of volcanoes in the world, with approximately nine active volcanoes. Eruptions are very rare, and the last volcanic eruption was in 1997 and the one before that was in 1880.

The highest mountain and volcano are Morne Diablotins, and it is a magical sight. Adventurists can take a six–hour hike to reach the top where neighbouring islands, Martinique and Guadeloupe can be seen from the top.

30. Many of Dominica's beaches are covered in black sand

The volcanoes in Dominica influence the colour of beautiful black–sand beaches. Some of the most famous black sand beaches in Dominica include the Number One Beach, Mero Beach, and Rosalie Bay Beach.


GLOBENEWSWIRE (Distribution ID 8919129)

The Commonwealth of Dominica Enhances Security and Management of the Citizenship by Investment Programme

Roseau, Aug. 29, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica has taken significant steps to bolster the security and management protocols for its Citizenship by Investment Programme, aimed at fortifying the integrity and longevity of the programme.

Dr. Roosevelt Skerrit, the Prime Minister of Dominica, has been collaborating closely with various stakeholders, including international consultants, to conduct a comprehensive audit of the investment migration programme. Building on an initial audit undertaken last year by a UK consulting firm, the government has been actively implementing new and improved processes through the Citizenship by Investment Unit.

During his recent Budget Speech, the Prime Minister unveiled plans to enlist a globally vetted management consulting firm to oversee the overall operations and management of the Citizenship by Investment Programme. While Dominica already boasts a proactive due diligence process, the government is committed to its further reinforcement, vowing "to leave no stone unturned to strengthen it."

"We take this matter very seriously and will increase our efforts in showcasing our robust due diligence and risk mitigation efforts on all fronts." the Prime Minister affirmed.

Over the past 18 months, the Government of Dominica has undertaken several measures to elevate the security of its investment migration programme.

A United States–based firm has already conducted anti–money laundering and counter–terrorism financing training for all Citizenship by Investment Unit staff as the Unit undergoes restructuring. The CBIU was restructured under the supervision of an expert compliance officer to ensure that all procedures were updated, quality control measures strictly followed, and all IT systems upgraded.

The government made a bold move at the start of the year, giving notice of its intent to revoke the citizenship of those who made false declarations or misrepresentations in their applications, particularly relating to previous visa rejections from countries with which Dominica has visa–free treaties.

Dominica has also introduced biometric travel documents and updated its naturalisation certificate, enhancing its security features.

Citizens of the Kurdistan region in Iraq, Russia and Belarus do not qualify for citizenship in Dominica as international security authorities have flagged the regions as high risk. Moreover, the government introduced legislation providing an enhanced due diligence fee for applicants from specific countries. This enhanced due diligence fee offers the government additional resources to thoroughly scrutinise applicants from these countries.

The country also issued regulations to restrict citizens from changing their names.

Dominica has distinguished itself as the first Caribbean country to implement mandatory interviews as part of the citizenship by investment application process "" a requirement agreed upon with the United States at a roundtable earlier this year.

"We also devised a new rigorous risk assessment and hired firms from the United States and the United Kingdom to begin interviews with all CBI applicants," Prime Minister Skerrit said in the Parliament.

In addition to international firms in the US and UK conducting due diligence checks, Dominica's Financial Intelligence Unit will also assist with the due diligence process. This includes reporting rejected applicants to the JRCC monthly and permitting the JRCC to share that information with the other CBI jurisdictions in the OECS.

Dominica is leading discussions in the region to collaborate on safeguarding the citizenship by investment industry; and has taken measures to emphasise its dedication to cooperating with global stakeholders and enhance the due diligence process to reduce threats from illicit actors.

In addition to these recent changes, new risk mitigation actions include:

  • Thorough assessment and reduction of the number of agents and promoters of the country's Citizenship by Investment Programme, who will be strictly monitored, along with developers, to ensure compliance with current regulations governing the advertisement of Dominica's Citizenship by Investment Programme.
  • Strict enforcement of regulated citizenship fees to prevent any undercutting.
  • Strengthening of policies and legislation to maintain competitiveness and alignment with international best practices.

Dominica's rigorous due diligence and vetting processes make it extremely difficult for any illicit individual to qualify for citizenship. Background checks occur on the ground where the applicant lives and works, via online databases and now in person.

The Prime Minister has reiterated that Dominica will maintain robust due diligence processes to ensure the country meets international standards and alleviates any security concerns.

"We have fresh impetus to go back and relook where we can do even better in giving our international counterparts confidence in our security measures "" which are already some of the most robust in the world compared to other jurisdictions," he said.


GLOBENEWSWIRE (Distribution ID 8912512)

What Nigerians need to know about Dominica’s Citizenship by Investment Programme

Roseau, July 13, 2023 (GLOBE NEWSWIRE) — Nigeria is currently facing economic challenges, despite having the largest economy in Africa. The country's debt grew a staggering 500 per cent under the former President, Muhammadu Buhari. The World Bank revised Nigeria's gross domestic product (GDP) earlier this year, in the recent Nigeria Development Update (NDU).

The NDU report is released biannually by the World Bank and evaluates Nigeria's current economic and social developments and long–term prospects on a global scale. The report also focuses on Nigeria's economic and policy issues and analyses medium–term development challenges.

These economic and political challenges are causing Nigerian citizens to face great uncertainty, many of whom are hoping to see positive changes with the new president, Bola Ahmed Tinubu.

Nigerians are continuously seeking alternative methods to protect themselves and their families' future, and one economical way of achieving this can be through the investment migration industry. Several factors influence Nigerians' choices in selecting a host country's CBI programme. Nigerians desire their dual citizenship to ensure economic and political stability in a host country that creates safety and security for both personal and business activities.

The Commonwealth of Dominica offers Nigerians opportunities that include encouraging and supporting business growth and a family–friendly environment.

Nigerians can access these opportunities through Dominica's Citizenship by Investment (CBI) Programme and obtain dual citizenship in exchange for contributing investments towards one of the programme's investment options. There are additional requirements when applying for dual citizenship, which include background and due diligence checks that may have additional fees applied.

Access to quality healthcare and educational facilities is important for Nigerians and their families, these facilities have international standards that offer advanced medical practices and schools that encourage further studies in Dominica or anywhere else around the world.

Dominica's dual citizenship has one of the most affordable CBI programmes in the Eastern Caribbean region.

How do Nigerians benefit from Dominica's CBI Programme?

Dual citizenship is a key to opening possibilities that come with Dominica's dual citizenship, Nigerians can become part of the greater global community and increase their chances of ease of access to global markets that they were unable to previously.

Dominica is an English–speaking country, making it easier to communicate with the locals and with the Government of Dominica.

Nigerians can establish their businesses and expand their existing business ventures in Dominica. This will open more possibilities for creating permanent jobs and support local entrepreneurs with their small businesses.

Dominica offers offshore financial services to Nigerians who want to make international transactions and remittances back home. The CBI programme forms avenues for wealth management services and opportunities to protect assets and generational wealth.

The country also has many projects that are currently running through Dominica's CBI, which will yield profitable results in their developing stages once completed, these will support the economic development of the country and improve the livelihoods of all citizens.

Nigerians can visit and live in Dominica with their family members whom they had applied for dual citizenship. Dominica is a tropical island paradise with picturesque landscapes and endless leisure activities for the whole family to enjoy.

Nigerian applicants are not required to undergo a series of exams to apply, nor do they need to live in Dominica for some time to qualify for dual citizenship.


Investment options available for dual citizenship

Nigerians can choose from the Economic Diversification Fund or Dominica's Real Estate investment options. These investment options are also efficient for large families.

The Economic Diversification Fund (EDF) is a non–refundable contribution towards financially supporting private or public initiatives in Dominica. These initiatives include construction and development projects, renovation of hospitals, ecotourism, and agriculture. The contribution funds depend on the number of family members included in the applicant:

  • The main applicant is 77,000,000 (US$100,000)
  • A married couple's contribution is 15,000,000 (US$150,000)
  • A family of four contributions is 134,000,000 (US$175,000)
  • For any additional family member under 18 years of age is 19,000,000 (US$25,000)
  • And for any additional family member 18 years of age and over is 38,000,000 (US$50,000)

Dominica's Real Estate investment option has government–approved luxurious properties around the country that offer exceptional returns on investments. From 153,000,000 (US$200,000). Any real estate properties purchased must own for a minimum of three years, or five years should the future purchaser be a CBI applicant. Dominica's real estate fees are as follows:

  • The main applicant is 19,000,000 (US$25,000)
  • For a family of four is 26,000,000 (US$35,000)
  • For a family of five is 38,000,000 (US$50,000)
  • For any additional family member is 19,000,000 (US$25,000)

Dominica has award–winning luxury properties such as the Secret Bay. The eco–luxury resort featured in Travel + Leisure as the "#1 Best Resort Hotel in the Caribbean, Bermuda, and the Bahamas" in 2022 and is expanding its amenities and villas that are expected to be available from 2025, Dominica's CBI investors contribute to Secret Bay's success, as it offers high returns on investments. There are other luxury resorts and villas can cater to the needs of Nigerian investors' long–term investment goals, such as Jungle Bay, and InterContinental Dominica Cabrits Resort and Spa.


GLOBENEWSWIRE (Distribution ID 8873917)

Dominica Citizenship an ideal Plan B for wealthy Kenyan investors

Roseau, July 12, 2023 (GLOBE NEWSWIRE) — As the European Union, the United Kingdom, and the United States tighten their grips on immigration policies, Kenyan investors are feeling the pinch of hyperinflation and global markets affecting their abilities to trade and travel to these countries.

Kenyan investors are making the most of the citizenship by investment (CBI) programmes in the Caribbean, more particularly in the Commonwealth of Dominica. Dominica CBI programme offers better lifestyle opportunities from quality education to healthcare system; the country has some of the best medical facilities in the world, with financial support from the CBI programme. the country's official language is English, closely followed by Dominican Creole, which is French based, amongst local citizens.

The "Nature Island of the Caribbean' is also economically and politically stable, and it is one of the fastest–growing economies in the Caribbean region. The IMF predicted that the country would exceed growth of over 4.5 per cent for 2023, including the full recovery of the tourism sector post–pandemic, as the construction of the geothermal power plant and the new international airport are projected to support Dominica's gross domestic product (GDP), as well as the expansion of Douglas Charles Airport runway.

In May this year, Dominica Prime Minister, Honourable Dr. Roosevelt Skerrit, alongside Dominica Education Minister, Octavia Alfred, and Parliamentary Secretary, Fenella Wenham–Sheppard, had met with principles from secondary schools to discuss the education reform in the country. The discussion included possibilities to review the national education system. These discussions are to effect change towards a stronger education system to ensure all students in Dominica can access fundamental education and develop their learning experiences.

Dominica has quality healthcare facilities that align with international standards. Earlier this year, Honourable Dr. Skerrit announced changes to the country's healthcare policy that Dominican citizens should all have access to quality medical facilities, despite their economic status and the Dominican youth between 16 to 18 years of age will have access to free medical care in the country. The Minister of Health, Wellness and Social Services of Dominica, Cassani Laville, guided a tour around the Marigot hospital and the state–of–the–art medical treatment facilities that will be available to the public from July 2023. The Marigot Hospital is another representation of the government of Dominica's goals in becoming the world's first climate–resilient nation.

The island is also an ideal retirement location for senior Kenyan citizens, with additional healthcare benefits. Dominica's CBI Programme has sustained a flourishing expat community by providing opportunities in a favourable business environment, and for their families to reside in a safe and secure lifestyle.

Dominica CBI Programme

Dominica CBI Programme is one of the youngest and most affordable CBI programmes in the Caribbean region and one of the most recognised globally. A “Plan B” for Kenyans to secure their personal well–being, families and the future of their businesses, in a world filled with uncertainties. There are two distinct investment options that have favourable offerings for Kenyan investors to acquaint themselves with.

Economic Diversification Fund (EDF)

For as little as US$100,000 (estimated KSh14,000.000), the EDF is an investment option centered around socio–economic development. This is an element in the national capital mobilisation portfolio. Funds accumulated through EDF support the construction of schools, the development of medical facilities, agriculture and tourism sectors, as well construction of a national sports stadium.

Dominica is actively striving to become the world's first climate–resilient country and fulfil sustainable development goals. Various government projects such as the planning of the geothermal power plant have gained traction in the latest developments. A Joint Venture between Dominica Geothermal Development Company and a Trinidad and Tobago company, Kenesjay Green, are driving the advancements of the geothermal and hydrogen projects in Dominica. Evolving the country's energy into renewable energy will make Dominica one of the global exporters of green hydrogen energy, as well as propel economic development in key sectors such as tourism.

Launched in 2018, the Climate Resilience Execution Agency for Dominica (CREAD) was formed to strategically support the economic development of the country. There are 20 targets, which are separated into 6 categories that are strong communities; Robust Economy; Durable Infrastructure; Enhanced Institutional Systems; Collective Consciousness; and Protected and Sustainability Leveraged Natural and Other unique Assets. that are highlighted that Dominica aims to achieve by the year 2030.

These are noteworthy government initiatives that are tackling climate change critical to Dominica for preparedness and preservation of the natural environment around the Nature Isle of the Caribbean.

Real Estate

Kenyan investors can splurge on the Real Estate investment option that has a variety of government–approved properties that offer unique luxurious experiences for affluent Kenyans that seek decadent lifestyle choices. The minimum contribution amount is US$200,000 (estimated KSh36,000,000) towards an approved real estate property.

This investment option has the flexibility of permitting Kenyans to hold the real estate property for a period of three years from the date of citizenship approval, or for five years should the potential future buyer be a CBI applicant.

There are government fees attached to each application should the main Kenyan applicant want to include dependants, which consists of a spouse (next of kin):

  • US$25,000 (estimated KSh3,500,000) for the main applicant;
  • US35,000 (estimated KSh4,900,000) for the main applicant and up to three dependants;
  • US$50,000 (estimated KSh7,000,000) for the main applicant and up to five dependants;
  • US$25,000 (estimated KSh3,500,000) for additional dependants.

There are due diligence and processing fees applied per application.

Dominica has some of the global award–winning unique real estate properties that are on–demand and have potentially high Return on Investment (ROI) earnings for discerning Kenyan investors.

Dominica's first government–approved real estate is the InternContinental Dominica Carbits Resort & Spa, the luxurious property is located on the beachfront of Douglas Bay that boasts sustainable elements which furnish memorable experiences that Kenyans will have like never before.

The Residences at Secret Bay are deemed the crown jewel of the Nature Isle of the Caribbean. The eco–luxury villas received recognition from Travel + Leisure, Luxury Lifestyle Magazine, Forbes and many more reputable global publications. From breathtaking views, activities for thrill seekers and luxurious dining experiences, the Secret Bay is nothing less than spectacular.

Sanctuary Rainforest Eco Resort and Spa will be located in Roseau Valley, which will offer a truly serene eco–luxury resort that morphs with nature. The resort is currently being constructed in the Morne Trois Pitons National Park and will be nestled close to Middleham Falls. The resort will have high–end luxury spa facilities and fine–dining restaurants.


GLOBENEWSWIRE (Distribution ID 8873103)

Over 900,000 South African have already left so where are they going? Could Dominica be the answer?

Roseau, July 05, 2023 (GLOBE NEWSWIRE) — South Africa has been in the news for all the wrong reasons in the past few months, with ongoing rolling blackouts hampering business, soaring interest rates and most recently the prospect of the country being isolated by international partners due to its ties with Russia.

Many South Africans are now actively looking outside their border for better personal and business prospects. South Africans are demanding more and better from their government – over 900,000 South Africans have already left the country according to the UN Department of Economic and Social Affairs' 2020 International Migrant Stock report in 2022. The UN report, said by the end of 2020,"914,901 South Africans were living in other countries and territories, up from 786,554 in 2015.

With countries around the world increasing their global competitiveness, many nations are offering investors lucrative benefits that attract the best talent and brightest businesses to their shores.

One such nation is the Commonwealth of Dominica "" an island nation that is one of the safest countries in the world according to the 2023 World Citizenship Report.

Dominica has been attracting global citizens for nearly three decades through its Citizenship by Investment Programme "" a process that allows an investor to obtain a second or alternative citizenship by investing in the country's economy.

By contributing to either the Economic Diversification Fund or investing in Real Estate, South Africans should know that they will have access to a stable economy, a currency pegged against the US dollar and greater mobility to access the best hospitals, business hubs and education facilities.

Economic Diversification Fund

The Economic Diversification Fund financially supports socio–economic initiatives to develop Dominica's economy. These include construction and infrastructure developments, agriculture, information technology and tourism. There are currently multiple initiatives that are from the private and public sectors that focus on the economic development of Dominica. An example of these can be seen with the latest developments of the new international airport.

Prime Minister of Dominica, Honourable Roosevelt Skerrit shared with the public that “Significant work has been done, we discussed with the developers and contractors to advance the work to have a shorter period of time to complete the construction. The discussions are being held, and a strategy is being placed forward to advance the work.” The progress has created hope for the government and the citizens of Dominica.

Another example is the construction of the world's longest cable car that will transport passengers from Roseau Valley through the tropical rainforest to the world's second–largest Boiling Lake, creating new experiences for tourists and visitors to view the Nature Island of the Caribbean from the sky.

These are some examples that have guaranteed Dominica's local citizens to be employed during the projects and create permanent employment once the projects are fully operational.

The minimum contributions for applications are as follows:

  • US$100,000 (ZAR1,800,000) for the main applicant;
  • US$150,000 (ZAR2,700,000) for the main applicant and spouse;
  • US$175,000 (ZAR3,200,000) for the main applicant and up to three dependants;
  • US$50,000 (ZAR910,000) for any additional dependant 18 years of age or older.

There are instances whereby additional fees will apply that depend on the applicant's primary citizenship and personal circumstances.

Real Estate

Real estate investment option starts from US$200,000 (ZAR3,600,000) for government–approved properties that offer South African investors the opportunity to invest in selective properties available in breathtaking locations around Dominica.

There are additional government fees applicable per application that consist of the following:

  • US$25,000 (ZAR450,000) for the main applicant;
  • US$35,000 (ZAR600,000) for the main applicant and up to three dependants;
  • US$50,000 (ZAR910,000) for the main applicant and up to five dependants;
  • US$25,000 (ZAR450,000) for any additional dependants.

The award–winning The Residences at Secret Bay are one of the luxurious properties that South African Investors can leisure in the benefits of a beautiful eco–friendly property that offers excellent returns on investments.

The Due diligence fees in the Economic Diversification Fund and Real Estate investment options, per application, are:

  • US7,500 (ZAR137,000) for the main applicant;
  • US$4,000 (ZAR73,000) for the spouse;
  • US$4,000 (ZAR73,000) for any dependants 16 years of age or above.


GLOBENEWSWIRE (Distribution ID 8869063)

Dominica paves sustainable future for all citizens

Roseau, Feb. 16, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica is paving the way to create a sustainable future for its citizens.

The country deals with adverse climate conditions on an annual basis caused by climate change. Global warming affects seawater temperatures that influence natural disasters. The severity and frequency of natural disasters in the Caribbean have increased in recent years, such as the 2017 Atlantic hurricanes Irma and Maria.

Dominica has used funds received from the Citizenship by Investment (CBI) Programme to pursue its sustainability goals.

These sustainable goals include Dominica's successful adoption of clean energy "" 28 percent of the country's electricity is generated by hydropower and wind energy, more than any other country in the Caribbean Community (CARICOM) region.

During his 2022–2023 Budget presentation, the Prime Minister of Dominica, Dr Roosevelt Skerrit, presented updates on the construction of the geothermal power plant project that will be commissioned by the end of 2024 to improve independent energy resources. The Dominica Geothermal Development Company (DGDC) is developing the project and plans for a 10–MW capacity plant that will be located in Roseau Valley.

Dominica had signed a US$33.7 million contract with DGDC to drill two additional wells in the country, meanwhile the well pads and access roads will be built by ACE engineering with a US$8.5 million contract. ACE engineering are near completion with the well pads and access roads. After drilling and testing, the project will advance to the construction of the power plant.

The preparatory work for the construction of the transmission network from Roseau Vally to Fond Cole and Sugar Loaf, were two contracts awarded valued at US$2.5 million. This will supply power from both the geothermal and hydropower power plants to the rest of Dominica. The project will include the upgrade of the transmission lines from 11kV to 33kV and 99kV to reduce line loss and be more resilient to climate change events.

"I say to our young people that the investments we are making in the development of our geothermal resources is for them "" a future Dominica with high–paying jobs and careers in the areas of geological sciences, geothermal energy, project management, mechanical, industrial and electrical engineering," said Prime Minister Skerrit, emphasising the socio–economic benefit these upgrades will have for the Dominican youth.

Dominica is also committed to becoming carbon neutral by 2030, through the use of the Dominica Climate Resilience Recovery Plan (CRRP) that was established under the terms of the Climate Resilience Act 2018, and provides full effect to the National Resilience Development Strategy developed in 2018.

The CRRP develops targets, defines initiatives and outlines resources needed to implement resilience measures. The CRRP has highlighted fourteen targets that include becoming carbon neutral through 100 percent domestic renewable energy production and increasing the protected forest areas to 67 percent of Dominica; zero fatalities from extreme weather events; 90 percent housing stock built or retrofitted to resilient building codes; 100 percent resettlement of individuals living in physically vulnerable locations; and for the Government and emergency services to be 100 percent functional during and after natural disasters.

Investors have the opportunity to contribute funds towards Dominica's sustainable economy and gain second citizenship through the country's CBI Programme investment options. There are prerequisites per qualifying applicant that include due diligence and processing fees.

The Economic Diversification Fund (EDF) was established to support Dominica's development through socio–economic initiatives. Qualifying applicants may acquire citizenship through their EDF contribution. The EDF contributions are used to develop public and private sector projects including building schools, hospital renovations, and building a national sport stadium. The Fund also benefits other industries such as agriculture, information technology and tourism.

For applicants to qualify for Dominican citizenship through the CBI Programme, applicants are required to make non–refundable EDF contribution, the amount will be determined by the number of qualifying dependants the main applicant includes in their application.

  • Main applicant fee: US$100 000,00
  • Main applicant and spouse fee: US$150 000,00
  • Main applicant and up to three dependants: US$175 000,00
  • An additional dependant under 18 years: US$25 000,00
  • An additional dependant 18 years or older: US$50 000,00
  • Processing fee per applicant: US$1 000,00
  • Due diligence fees: US$7 500,00 per main applicant, US$4 000,00 per spouse, and US$4 000,00 for qualifying dependant aged 16 years and above.

The other CBI Programme investment option is the Real Estate Investment Option that requires qualifying applicants to purchase pre–approved property valued at at least US$200 000,00. The property investment must be held for three years from the date of the applicant's citizenship is granted and may only be sold under the CBI Programme after five years.

There are multiple government approved properties that allow qualifying applicants to select from such as condos, eco–lodges, hotels, luxury resorts and villas. Some popular locations are around the capital, Roseau, Portsmouth, Soufriere and Salisbury.

Qualifying applicants are required to pay government fees as follows:

  • Main applicant fee: US$25 000,00
  • Main applicant and up to three dependants: US$35 000,00
  • Main applicant and up to five dependants: US$50 000,00
  • Any additional qualifying dependant: US$25 000,00
  • Processing fee of US$1 000,00 per applicant


GLOBENEWSWIRE (Distribution ID 8750711)