Dominica may have felt the brunt of not one but two Category 5 hurricanes in September, but the strength of the recovery effort has also proven to be a force to be reckoned with.
Hurricanes Irma and Maria caused serious damage in Dominica in the form of property damage, loss of lines of communication and electricity, blocking roads, and even fatalities. According to reports, nearly every single building on the islands was impacted by the storms including homes, government buildings, and business not to mention agricultural crops.
But now—just weeks after the entire island was impacted—there are numerous reports that recovery efforts are ahead of schedule.
Prime Minister Roosevelt Skerrit—whose own home was severely damaged by Hurricane Maria—is personally leading the recovery efforts. He recently announced that water and telecommunications have been restored to most areas. And in the capital, Roseau, citizens are taking matters into their own hands with teams of people clearing the streets and working to return order. Elsewhere, vehicle access has been restored to all of the island’s roads.
Many have viewed this as an opportunity to rebuild better than ever before.
But there’s still a long road ahead. To raise some much needed funds, from now until March 31, 2018, the Citizenship by Investment Unit is offering investors the opportunity to contribute toward the rebuilding of the island in exchange for second citizenship.
Dominica already offers some of the most reasonable fees for second citizenship in the Caribbean, but fees have been further reduced in an effort to get more qualified applicants:
Real Estate Option:
$25,000 for main applicant (formerly $50,000)
$35,000 for main applicant and spouse
$35,000 for family of four including main applicant (formerly $75,000)
$50,000 for family of six including main applicant (formerly $100,000)
$70,000 for family of seven including main applicant
Due diligence fees:
$4,000 for spouse for contribution option (formerly $7,500)
$1,000 government processing fee for contribution (formerly $3,000)
$250 for certificate of naturalization (formerly $750)
*All prices are in USD.
It’s not often the opportunity to help build a country and improve on infrastructure in such a profound way presents itself which is why this is such a unique opportunity.
For more information, please get in touch with us and we will be happy to answer any questions or offer a free consultation.