Roseau, DOMINICA.October 28, 2016: The Prime Minister of Dominica Roosevelt Skerrit and his cabinet of Ministers joined the principals of Range Developments for a tour of the construction site of the Cabrits Resort Kempinski at Douglas Bay in Portsmouth on Wednesday October 26, 2016. Mr Skerrit said the project was important to the development of tourism in Dominica, and he congratulated Range Developments on the progress.
“We must commend Range Developments,” said Mr Skerrit. “Range has proven itself in the market. We are here as a show of our interest, of our commitment and our firm resolve of working with Range to ensure that this project comes to a successful completion to the benefit of all our citizens.”
Mohammed Asaria, vice chairman of Range Developments, said that he was delighted with the progress to date. “We have made a good start on the project, and we have received encouraging feedback on the number of jobs it has created already for local people,” he said.
The resort will be Kempinski’s first luxury hotel project in the Caribbean, and is due to open in 2018. The Cabrits Resort Kempinski Dominica will be a 160-room hotel on Douglas Bay in Cabrits on the north shore of the country, close to the town of Portsmouth.
The luxury hotel offers a unique opportunity as the first Government approved real estate project under the Citizenship By Investment Program (CBI) of the Commonwealth of Dominica. Investors are eligible to obtain citizenship of Dominica by purchasing a share in the development for US$220,000 in a limited partnership structure.
Dominica’s Citizenship-by-Investment program is aimed at encouraging investment in the country. Investors not only have a chance to invest, but once they meet the stringent requirements, receive citizenship of the country, with all the benefits.
“In our country Dominica, we pride ourselves on managing a very transparent CBI program which meets the test of scrutiny from independent international agencies and government,” said the Honourable Roosevelt Skerrit. “The due diligence process must continue to be uncompromising and robust in nature.”