Kenneth Green, President of the Dominica Association of Industry and Commerce pledged his support for the Citizen By Investment (CBI) programme.
“The work of the CBI should not go unnoticed,” Green said.
He reminded the public that when the private sector was down after Hurricane Maria in 2018, it was the resources from the CBI programme that made it possible for public servants to get paid.
Green also revealed that the CBI programmme is nothing new to Dominica. “If you look below the surface, you will see that since 1993, every party has kept the CBI. There may have been different policies, but it was there,” he reminded
The DAIC president acknowledged that while there should be a concern about the amount of dependence by the government coffers on the program, that is not enough reason to be completely against CBI.
Green believes that the conversation surrounding the program should be shifted.
“The debate should be about how the money is being used instead of throwing stones at the program that proves to be beneficial to our society,” Green opined.
WHAT IS THE CITIZENSHIP BY INVESTMENT PROGRAMME?
The Citizenship by Investment Programme allows you and your family to obtain full legal citizenship and passports when you make a significant investment in Dominica which qualifies under the Citizenship by Investment Regulations. Presently, there are two qualifying investments: a contribution to the Economic Diversification Fund starting at USD 100,000 for a single applicant, or the purchase of authorised property valued at least USD 200,000.
HOW MUCH DOES THE PROGRAMME COST? WHAT ARE THE FEES?
The total cost will be made up of the contribution to the Economic Diversification Fund or of the investment in authorised real estate, plus fees relating to the processing of the application. Some fees apply to both citizenship routes, while others depend on whether you choose to obtain citizenship through the Economic Diversification Fund option or the real estate option. For a breakdown of the applicable fees, please click here.
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