CTrustGlobal - Citizenship by Investment Government Authorized Agent


PM Roosevelt Skerrit “Building A More Resilient Dominica” Budget 2016-2017

PM Roosevelt Skerrit “Building A More Resilient Dominica” Budget 2016-2017

[fusion_text]On 26 July 2016, PM Roosevelt Skerrit presented Budget 2016- 2017 in which states the benefits of Citizenship by Investment Programme to the Economy of the Commonwealth of Dominica and future development of Citizenship by Investment Programme.

PM Roosevelt also ensured to the future applicant of the Dominica Citizenship by Investment Programme that there is no increase in the investment amount and fees to get Dominica Citizenship through investment.

[youtube id="b1ehNPQaTcc" width="600" height="350" autoplay="no" api_params="" class=""]

PM Roosevelt Skerrit also quoted

"The resources from the Citizenship By Investment Programme were identified in the 2015/16 budget to finance a number of capital projects as well as the recurrent activities. The amount spent by Government for the year was $99.0 million. In addition to this expenditure, payments were made out of the bank accounts for the due diligence that must be done for every applicant, promotion and marketing of the Programme and refunds made to applicants who were unsuccessful in the application."

PM Roosevelt Skerrit put light on the fact about the Citizenship by Investment Programme  which is an important non-tax revenue earner for Dominica:

  • It is under this Government that a separate Unit of Government was established to strengthen the governance structure for the administration of the programme. Previously, the Citizenship By Investment Programme or its predecessor the Economic Citizenship Programme, was administered through the Financial Services Unit.
  • It is under this Government that a decision was made to identify separately the projects on the PSIP which are funded from resources raised under the programme. These projects are given a code of 115 in the printed estimates and are easy to reference.  Government’s contribution to the financing of a number of major development projects has come from the Citizenship By Investment Programme.  This includes the geothermal development project, the counterpart financing for Lots 1 and 2 Canefield to Melville Hall project and in more recent times, many of the post tropical storm Erika rehabilitation works, including the rehabilitation of Douglas Charles airport.
  • It is under this Government that greater structure was given to the programme, by defining clearly the two streams of the Programme; one by which resources will be raised to finance the public sector investment programme and the other by which foreign direct investment is targeted for private sector investment.
  • It is under this Government that we have expanded the Programme and employed a marketing strategy aimed at attracting the best and most credible applicants.
  • And it is under this Government that we have increased our revenue earnings to over 200 million in the last financial year.

After this budget we can say that Dominica Citizenship by Investment programme is impacting greatly in the development of the country and government is taking special care to maintain transparency its value by maintaining strong due diligence.[/fusion_text]

August 16, 2021
Before july 2023 Dominica Citizens must replace the current passport with ePassport

Dominica officially launches the new ePassport on July 26, 2021, the new passport which replaces the machine-readable one, contains both overt and covert security features that are woven into the design as well as a microchip that is used to authenticate the passport holder’s identity, adhering to the highest international standard. Dominica is the first […]

June 26, 2021
The government of Dominica announced the new biometric passport.

On June 24, 2021, the government of Dominica announced the launch of its new biometric passport effectively from July 19, 2021. The Dominica passport applicants with outstanding requests can choose to wait for the biometric passports. Biometric passports will be issued, upon renewal of all current passports. The procedure for changing old passports to the […]

February 17, 2021
Grenada Passport for Indians

According to the latest report, plenty of Indian citizens are opting for Grenada's second citizenship by investment, and demand is expected to increase more in the year 2021. As an Indian are you wondering why you should invest in a Grenada passport, then you are on the right page of the web. In this article, […]

January 30, 2021
Great news for Antigua economic citizenship holders

Due to the current circumstances of Covid Pandemic around the world, the Cabinet of Antigua & Barbuda has agreed to amend the requirement in Section 4 (1) of the Antigua and Barbuda Citizenship by Investment (Amendment) Act 2016, to "spend a minimum of five(5) days in Antigua & Barbuda during five years after his registration". […]


Copyright 2020 CTrustGlobal Ltd. | All Rights Reserved | Working under the umbrella of Trust Group

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram