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.