During a ceremony in Dubai that commemorates the 40th Anniversary of Independence of the Commonwealth of Dominica, Prime Minister Roosevelt Skerrit stated that the Caribbean country is in the last steps of preparation for setting its Embassy in the UAE. The Embassy, which is expected to inaugurate next year in Abu Dhabi, will be accompanied by a Consulate General in Dubai.
“The Citizenship by Investment industry has experienced a boom in the last few years, especially across the Middle East”
Honourable Prime Minister of Dominica Mr Roosevelt Skerrit was the chief guest at the seminar followed by His Excellency Emmanuel Nanthan, Head of Citizenship by Investment Unit of the Commonwealth of Dominica who stated:
“High demand and interest from the UAE significantly contributed to the UAE-Dominica bilateral relations, which lead the Dominican government to establish Dominica Embassy in Abu Dhabi and Dominica Consulate General in Dubai,” Skerrit was quoted as saying. “The diplomatic mission is under the formation process and will be operational soon.”
The Citizenship by Investment industry has experienced a boom in the last few years, especially across the Middle East, and the UAE has witnessed this better than any other place.
At the special reception held at the Kempinski Palm Jumeirah on December 1st, Prime Minister Skerrit stated that the Ambassador to the UAE will be experienced diplomat Hubert J. Charles, Dominica’s recent Ambassador to the United States and the Organization of American States. Agreements are being finalized for the formal presentation of credentials to the UAE Government.
This highly reputable Citizenship program has been in operation since 1993 and is legally guaranteed by Dominican law. The Dominica Citizenship by Investment Program enables an applicant to gain full, legal citizenship and passport for themselves and their family, through making an economic contribution to the country.
Dominica passport holders enjoy exclusive benefits, including:
- Irrevocable citizenship for lifetime and generations to come
- Visa-free access over 122 countries including the United Kingdom & Schengen states
- No taxes on capital gains, gift, wealth and inheritance; No taxes for non-residents.
- No need to renounce current citizenship(s).
- No physical residency requirements.
- The inclusion of children up to the age of 30
The Commonwealth of Dominica managed to allure investors from the Middle East to join them in the ceremony as citizens because of the trustworthiness and status of its Citizenship by Investment program globally. With two investment alternatives to choose from – a real estate investment or a one-time contribution to the Economic Diversification Fund, Dominica appeals to both single applicants and large families.
Source: The Commonwealth of Dominica Citizenship by Investment Unit (CBIU)