PM urges use of Citizenship by Investment Program

PM Skerrit said the government is willing to discuss the program with investors
PM Skerrit said the government is willing to discuss the program with investors

Prime minister, Roosevelt Skerrit, is calling on investors to make use of the island’s Citizenship by Investement Program, describing it as “affordable capital.”

Speaking at the annual general meeting of the Dominica Hotel and Tourism Association (DHTA) on Thursday night Skerrit said investors should place themselves in a position to make use of the program.

“I am sending another public appeal to us here investors in Dominica that we need to place ourselves in a position where we ourselves also as local investors, and when I say local investors all of you who are here, to take advantage of the Citizenship by Investment Program. It is affordable capital which can go a long way in minimizing the capital expenditure which you will need to invest in your development,” he pointed out.

He said the government is willing to engage in discussion on the matter.

“To discuss with you the framework in which you can take advantage of this Citizenship by Investment Program so that we can all benefit from this program,” he stated.

Later today (Friday) the government will be signing a contract with Range Development for the construction of a hotel project in the north.

The construction is being done under the Citizenship by Investment Program.

“We have a public signing with regards to Range and the development of this facility,” the prime minister said. “Range has signed an agreement with Kempinski, so that will be the name that the hotel will carry.”

He said it the same company that has signed an agreement to build a 200-room hotel in St. Kitts utilizing that island’s Citizenship by Investment Program.

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25 Comments

  1. Anonymous
    November 8, 2014

    This man is a joker. About 12 month ago a group of businessmen and I were willing to invest some serious money in a luxury tourism development. For month we tried to talk to Skerrit but we did not even get past his ignorant and rude secretary. All we got, call tomorrow Sir, I do not know the PMs schedule for next week, the PM is out of state, the PM is too busy right now, you are not the only person wishing to speak to the PM…I guess conducting the Red Clinic was after all much more important.

  2. blue blue god luvs u
    November 8, 2014

    lord help da.uwp just keep moving forward

  3. Investors
    November 7, 2014

    I am really fed up with all of these sudden plans and projects Skerrit is trying to deliver now.

    PLEASE! Mr. PM leave the plans and projects-and not forgetting the money for a capable and reliable government to handle. I am not talking about a one man show!! I am talking about a Team Working together with the nation at heart. And the future of our children.
    How much are you paying these investors or is this Money Laundering?? I smell a rat SIR… You promised us Dominicans a state of the Art Hospital. You remember you stated you received from China US$300-million (and that project is part of a deal to construct an International Airport. And other projects which included a hotel to be built in Roseau and a New Hospital.
    People lets not be fooled ….
    What about the installation of solar street lights across the island??
    Matthieu Dam
    Where is the money you Skerrit received for the 2011 Layou Valley disaster?
    Mr. PM said, following a visit to Azerbaijan in 2011 after his official meeting that country was funding a national library in Dominica.

    Another Promise
    Marigot hospital to become a Trauma Centre and that hospital would facilitate resident from Portsmouth to Delices—-The Melville Hall Airpot.
    Now you talking about another Hotel. What you think, you just go day after day making plans/signing projects.
    What about a vision for the country for the next 5 years? you can’t even finish one you started—Yes! what about that? The Moroccan Resort and Spa….

  4. Wellington
    November 7, 2014

    As long as we Dominican see every issue in red and blue instead of good bad, right wrong our country will never move forward.

  5. Francisco Telemaque
    November 7, 2014

    “Later today (Friday) the government will be signing a contract with Range Development for the construction of a hotel project in the north.”

    I am tired of laughing; the Moroccan fifty (50 ) Rooms Guess House in Portsmouth, cant get finish, there is one between St. Joseph, and Mahaut under construction for about twenty years. I understand that the Labor party government owns about 60% of that yellow red and pink Gorilla; neither of the two are completed; nevertheless, you are singing another contract.

    This guy is so ignorant, and think he can impress and fool everyone, but the joke is on him The fact is if someone intends to build an hotel in the country, I suspect they would buy, lease or rent the land then they would import the contractors, or perhaps they would employ local builders to get the program going. Not so in Dominica, Skerrit have to ceremoniously sing the contract, this man is either the architect, or the builder, we never know perhaps he might be the laborers too.

    Even if he sign his name on a piece of paper, the people spending their money to build, may simply wake up one morning and decide to quit. We experience that on the island of Antigua, and Barbados too, sometimes it is better to operate in silent until you are certain the project is a certainty, see some progress before you put on a show at election time, how come everything is happening now, that you wan people to vote for you. That ploy will not work this time, because people are tired with you crap.

    If Dominicans return Skerrit and his and the gang in cahoots with him back in power, as I said before he should beg a bull-pestle and whip their butts, till they bleed. the other day when Dominicans realize that an International Airport, is long over due, and the UWP said that is one of their priorities, he got up and ran to China claiming he was going beg China to build Airport; some people may remember I stated, China will not give Skerrit one Dominica penny to waste, again, since they made money available to the UWP to assist in the International Airport they were building when Skerrit and his colleagues lead by Athie Martin, and Charles, and the Douglas’ & Douglas shut it down.
    So he returned from China, and what did he say as usual. “Talks are on the way.”

    Hahahahahahahahahahahahahahahahahahahahahaha!

    He always talking, always making promises, which he knows he will not honor; the man is nothing more than a joke!

    Francisco Etienne-Dods Telemaque

  6. November 7, 2014

    Nobody wants to invest in a country where the government is corrupt, basic commonsense :-D

    • anonymous2
      November 7, 2014

      You got that right. This is a money pit and until that changes, this place is a losing proposition for investors. Penalizing people at the port is detrimental to the economic growth of this country.

  7. UDOHREADYET
    November 7, 2014

    What is the vetting process and criteria for such a program. There should also be limitations of those who attain economic citizenship as it pertains to land ownership… Unless born in DA or married to a Dominican born citizen.

  8. MagaretJ
    November 7, 2014

    Maybe DNO should have sought the views of the DHTA about the announcement by the PM. Are the local hotels in Dominica doing so well that he had to go looking for a new foreign hotel project? Is this new hotel going to take business away from the local hotels? Are the members of the DHTA concerned about the impact on their businesses? Or is this another timely announcement because of the elections, so the DHTA knows there’s no need to worry because it will never materialize?

  9. Francisco Telemaque
    November 7, 2014

    “Prime minister, Roosevelt Skerrit, is calling on investors to make use of the island’s Citizenship by Investments Program, describing it as “affordable capital.”(Roosevelt Skerrit).

    You see everything in Dominica, no matter what it relates to and pertaining to the Labor Party whatever they talk about always takes an inverted form. When someone talks about Citizenship investments program, that should relate directly to foreigners wishing to invest in the country, in return citizenship is immediately granted as part of the process. That is how it is done in the modern world.

    Ireland is the first country in the world to introduced the investment citizenship program, and is not a situation where the government of Ireland, or the British Government sold their passports to criminals, and others, and more of the money collected for the sale of the passports went into the pockets of the politicians, as we have done in Dominica. What we have in Dominica, is not an economic citizenship program; that is thievery!

    Every Dominican born is a citizen of the country, no Dominican should have to go to Skerrit, or any other politician in order to get permission to set up a business in the country! If a license, or permit is required to operate there must be a fee in dollars and cents, as the case may be: since that is one of the way revenue is generated into the governments treasury.

    Now; if Skerrit has a governmental program, where all citizens of the country have the opportunity to borrow money to invest, with the hope of creating employment, that would translate into a citizenship program; and if that’s the case he need to explain that. Otherwise all he is doing is spewing crap, total nonsense. In any event, if there is such a program, borrowed money should be invested into some form of industry. We need to industrialize the country; as such any money given through a loan should be used to create a business that could provide sustainable employment. And I would hope that the type of business would not include someone borrowing money to buy a car, or truck, talking about they are going to run taxi; or set up a bakery, or a rum shop!

    Nevertheless, I do not believe there are many foreigners, nor well thinking Dominican who would be too eager to invest money in a country, where the mere essentials, the mere necessities of life are lacking. These days commodities are shipped in containers, other than that even mail (letters) are carried by cargo Jet Propulsion Aircrafts; Dominica lack an International Airport, so what is the pull? What will it take to attract both foreign, and local investments into Dominica, surely not Skerrit’s useless un-trusted words; it requires more that just talk!

    Francisco Etienne-Dods Telemaque

    • Gary
      November 8, 2014

      Here is something for you to digest. There was a man who was learned he could name a horse in nine languages, so ignorant that he bought a cow to ride on. Pity your ignorance. Francisco Etienne-Dods Telemaque why can’t you think before writing such nonsense, wow.

      • Francisco Telemaque
        November 11, 2014

        Hahahahahahahahahahahahahahahahahahahahahahah!

        You dat boy Gary so dumb it is not funny anymore. Have a nice day ,you idiot:

        Hahahahahahahahahahahahaha!

        I knew you were a crook all along, one day you on Skerrit and labor party side, next day you are out in outer space; why you crook boy?

        Francisco Etienne-Dods Telemaque

  10. November 7, 2014

    Hurrah hurrah hurrah, does Linton really think before he talk. Don;t you think that is rather ridiculous, election is next month, the leader of ,opposition would openly say the party doesn’t have the funds to adequately contest the election. If he cannot manage a small budget and the finances of the party how can he manage the budget of Dominica.
    That is rather a redundant question to say your party is getting funding from Europe and you would like to know where the DLP source of funding coming from?I would say from their paween in Europe That’s why you are not qualified to run the country ! You are a good snake oil sales person but not a good thinker!

    • Francisco Telemaque
      November 7, 2014

      You know you are an idiots, idiot!

      What is wrong with the truth, if the comments you made are true. What do you prefer, the truth or a blatant lie?

      Even in the larger nations, it takes money, lots of money to become involve into politics; in the mid term elections which occurred over the last weekend. One governor in the State of Florida, spent sixteen ($16,000,000.00 Million dollars of his personal money to do commercials, in addition to all the money given to him by a few billionaires to run.

      The problem with that is when politicians take money from people, they become tools the people who’s money they took. We do not want, that sort of thing in Dominica. As for you comments about managing small budget,that is irrelevant, nothing more than a complicated fools talk!

      Your name is shame anyway, what can be expected from someone who has no shame?

      Francisco Etienne-Dods Telemaque

    • Wise One
      November 8, 2014

      Keep Listening to Kairi the propaganda station that Lies for Skerrit. Good thing the majority of the Dominican population listens to Q95 where they would have heard exactly what Linton said. He does not have money to waste on tablets, televisions, and huge billboards to con and bribe Dominicans to vote for his party. Only in Dominica will things like this happen. The US just had election and no candidate had to bribe anyone for their vote. One day things will be better in DA and D/cans will be delivered from their ignorance!

  11. Jokes
    November 7, 2014

    Citizenship by Investment for benefit of locals, suddenly? Since when? The coffers of an elect few are too full and overflowing or what? Ask them to invest nuh?

  12. BEB
    November 7, 2014

    Why not try to complete the white elephants standing at Layou {the Layou Hotel} and the one at the entrance of the Carbrit , the Morocan Hotel?

  13. me
    November 7, 2014

    wow, all the cards are being pulled out of the hat now.. cards that weren’t being shown for so long… roads being built, offers being made and so many people in the streets at 3.30 in the afternoon dressed in red when the election was called. Why those people weren’t at a job.. who knows!

  14. watchman
    November 7, 2014

    Lol

  15. November 7, 2014

    This gonna be a reasonable size hotel for Dominica but the government have to make sure they putt things in place to bring visitors to our shores if that international airport is built more visitors will come to our shores and you need a marina the government should try find a private sector to build a marina.

  16. Free Market?
    November 7, 2014

    One step at a time Mr Man. How many MOUs are knocking about the place without anything to show for it.

    This PM is jumping from one project to the next like a cat on a hot tin roof. It is now a case of saving his own beacon and the beacon of his elite.Dominicans should know by now that all this gimmick of MOUs won’t put bread on the table nor give them jobs.

    What happened to the free market,why every business coming to Dominica has to come in with all this bells and whistles and holding hands with Skerrit. This is distasteful and looks like one of those countries who are led by a despondent dictator.

    This PM is out of ideas,out of steam and soon he will be out of time and out of office.

  17. angel
    November 7, 2014

    sorry but i am not a member of the labour family. i can t take the risque of investing in a one man one family show country. suppose i don’t agry with future mesures, or am in competition with a member of the family do i find hurdles on my road? to subjective for me

    • Anonymous
      November 7, 2014

      You have no damn money!

  18. Gulfstream
    November 7, 2014

    Let’s keep the red hot flame burning. Never losing focus, keeping our eyes on the pie, feet to the peddle & hands to the wheel. Detractors..there are many but with God’s blessings and guidance and true leadership in PM Sherrit we gonna make it. Labour ka travail tobonma!!!

    • jucyfruit
      November 7, 2014

      Keep the red hot burning until it turn you into ashes .your stupid self. Find a job, if you don’t have not .get one.
      U W P All The Way

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