{"id":281897,"date":"2022-03-08T11:11:49","date_gmt":"2022-03-08T15:11:49","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=281897"},"modified":"2022-03-08T11:11:49","modified_gmt":"2022-03-08T15:11:49","slug":"scoops-stupes-gregor-nassiefs-response-to-sean-dougas","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/scoops-stupes-gregor-nassiefs-response-to-sean-dougas\/","title":{"rendered":"Scoops & Stupes: Gregor Nassief\u2019s\u00a0response to Sean Dougas"},"content":{"rendered":"
\"Gregor
From left: Sean Douglas and Gregor Nassief<\/figcaption><\/figure>\n

Dear Sean,<\/p>\n

I do appreciate your humble acceptance as published on DNO<\/u><\/a>\u00a0that some of the information given by you on \u2018Talk on the Block\u2019 was inaccurate – though you blame lack of full disclosure for the inaccuracy of your reporting – a deflection of responsibility to fact-find unbecoming of a journalist.\u00a0 Its simple – if you don\u2019t know something to be fact, do not broadcast it as fact.\u00a0 On the bigger issue of taxpayer money, which I do consider libelous, you have dug-in deeper, sticking to a narrative not well rooted in logic, confirming that it is your position \u201c\u2026\u2026 that it is Dominican taxpayers\u2019 money that is being expended to build some of the villas at Secret Bay\u201d.\u00a0\u00a0As you have one foot in politics and another in business \u2013 the ice cream business to be precise \u2013 let\u2019s do a hypothetical \u201cIce Cream\u201d Option under our CBI program to better illustrate the point.<\/p>\n

 <\/p>\n

The Ice Cream Option under CBI<\/b><\/strong><\/p>\n

Global trends have shown a worldwide boom in Lactose-free Ice cream made from Goat\u2019s milk, infused with healthy and natural superfoods like cannabis, turmeric and moringa.\u00a0 \u00a0The Government of Dominica takes notice of these global trends and feels Dominica is well poised to make inroads into the International Ice Cream market, particularly with the strong linkages to local agriculture and farming. \u00a0Further, having sufficiently developed tourism infrastructure as a priority using the Real Estate option, the Government makes a strategic shift towards the Ice Cream industry, launching the \u201cIce Cream Option\u201d under the CBI program. \u00a0This new option is identical to the \u201cReal Estate Option\u201d, inclusive of the us$200,000 minimum investment as well as the additional fees paid directly to the Government as part of the final transaction towards Citizenship. \u00a0The only difference is that the investment is with an approved Ice Cream business instead of an approved Real Estate project.<\/p>\n

 <\/p>\n

The Transformation of Douglas Ice Cream<\/b><\/strong><\/p>\n

Sean Douglas had been monitoring these trends and had already started raising goats by the hundreds, and farming a variety of superfoods.\u00a0 Douglas Ice Cream has been rebranded Scoops and was already making waves locally and regionally.\u00a0 Sean is thrilled with the new option introduced under the CBI program, and applies to be an approved Ice Cream business under the program.\u00a0 After a grueling three years of back and forth with the Government, Scoops is finally approved.\u00a0 Sean borrows money from the banks, buys a new ice cream plant, quadruples his local work force, sets up sales and marketing offices in Dubai and appoints agents in different parts of the globe.\u00a0 It\u2019s a huge risk, and over a year passes with debt growing, and not a single CBI investor\u2026\u2026 until Mr. Mourad Hahmed of Egypt knocks on an agent\u2019s door in Cairo and shows interest in Scoops.<\/p>\n

 <\/p>\n

The Scoop on Mr. Hahmed<\/b><\/strong><\/p>\n

Mr. Hahmed has a wife and two kids, trades in tiles for construction, and needs to travel for his business.\u00a0 For him, mobility equals survival and the Egyptian passport is severely restricted in terms of where he can travel.\u00a0 His wife needs medical attention overseas and he dreams of a European education for his Children.\u00a0 He has been exploring Citizenship programs for over two years and he favors Portugal\u2019s program, but he finds it too expensive and finds out about the Caribbean programs from a friend, and through that persuasive agent in Cairo ends up looking at Dominica.\u00a0 The cheapest option for him and his family is to invest us$175,000 under Dominica\u2019s Economic Diversification Fund (EDF) option, essentially a direct cash contribution to the Government.\u00a0 However, in discussions with the agent, he learns of the Real Estate Option (where he can buy real estate) as well as the Ice Cream Option (where we can invest in Ice Cream), and both come in at us$200,000 for the private investment transaction and an additional us$35,000 to the Government to complete the transaction.\u00a0 Mr. Hahmed is intrigued with the Ice Cream option and loves that it is rooted in healthy living and feels it has great potential. \u00a0And although 35% more expensive than the EDF option, Sean eventually persuades Mr. Hahmed that us$200,000 of ice cream from Scoops is a great investment. Mr. Hahmed proceeds, signs contracts with Scoops, pays the company us$200,000 and takes delivery of a container with us$200,000 worth of Ice Cream, which Mr. Hahmed hopes to re-sell and profit from.\u00a0 Mr. Hahmed pays the required additional us$35,000 to Government.\u00a0 All having gone well with due diligence, Mr. Hahmed and his family receive Dominica Citizenship.<\/p>\n

 <\/p>\n

The Stupes for the Taxman<\/b><\/strong><\/p>\n

With the banks on his back, that us$200,000 sale allows Sean to breathe a sigh of relief. \u00a0Sean increases ice cream production, raises more goats and ramps up superfood production on his farm.\u00a0 He is thrilled beyond belief that Scoops is on more solid financial ground and poised for further growth\u2026..\u00a0 and he anxiously awaits the next sale\u2026. until the Taxman shows up at his door\u2026 \u201cHey Sean, that us$200,000 that the Egyptian just paid you for Ice Cream, hand it over please\u2026\u2026 its taxpayers money!\u201d\u00a0 To which Sean responds, \u201cOu ka palay sot gason! Stttuupppppeessssss\u2026. \u201c<\/p>\n

 <\/p>\n

More Scoops and Less Stupes<\/b><\/strong><\/p>\n

In Dominica, river water, dasheen and common sense exist in abundance, and it is the common sense out there that will trip you up every time.\u00a0 You know that phrase that we hear all the time: \u201cwake up Dominica, wake up!\u201d.\u00a0 Dominica is woke my friend, appeal to her common sense. \u00a0There is much to talk about, much that needs improving, but it needs hard work, research and deep thinking. \u00a0A well-articulated position to reform and improve the CBI program so that we secure it for future generations, would not fall on deaf ears.\u00a0\u00a0 A comprehensive proposal on independent regulation towards greater transparency, accountability and compliance, would be well received. \u00a0A creative and well documented strategy for diversification of investment options into new innovative areas of economic development, like high tech agriculture or renewable energy diversification, would get attention. \u00a0\u00a0\u00a0But these are way beyond mere sound bites on a radio program that only appeal to the converted and are in fact detailed positions requiring real effort – positions that would appeal to common sense and earn the respect of the unconverted. \u00a0\u00a0Of course, you could call for an end to the CBI program as well, but not sure anyone would pay attention.\u00a0 And to close off the matter, while I do consider the statement on taxpayer money to be libelous, the disconnection is self-evident, hopefully made further so by the Ice Cream illustration, which by the way, should not be ignored.\u00a0 Lactose-free superfood-infused Ice Cream\u2026\u2026. Scoops becoming a global brand\u2026. Nobody would stupes at that!<\/p>\n","protected":false},"excerpt":{"rendered":"Dear Sean, I do appreciate your humble acceptance as published on DNO\u00a0that some of the information given by you on \u2018Talk on the Block\u2019 was inaccurate – though you blame lack of full disclosure for the inaccuracy of your reporting…","protected":false},"author":15,"featured_media":279444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[13,36,235,9],"tags":[],"class_list":["post-281897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commentary","category-economy-development","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"\nScoops & Stupes: Gregor Nassief\u2019s\u00a0response to Sean Dougas - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/scoops-stupes-gregor-nassiefs-response-to-sean-dougas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scoops & Stupes: Gregor Nassief\u2019s\u00a0response to Sean Dougas - 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