Dominica approves new Project for CBI programme

Dominica approves new Project for CBI programme

21st December 2015

The Government of the Commonwealth of Dominica has approved a new real estate project for its
Citizenship by Investment (CBI) Programme. The project, known as Tranquillity
Beach Dominica, will be managed by Curio – a collection of Hilton
International, and will be a 73-room hotel with various amenities, including a
spa, a gym, a restaurant, conference facilities, and more.

Tranquillity Beach Dominica will
be the first CBI project to be developed by a Dominican citizen – Mr Ian
Edwards. “The Government welcomed my project, whist keeping at the forefront
the protection of the integrity of the CBI Programme, and by extension of
Dominica, and for that I commend them,” said Mr Edwards on 18 December 2015 at
the project signing ceremony. “We intend to deliver a high quality product that
we all, as Dominicans, can be proud of,” concluded Mr Edwards.

The Honourable Roosevelt Skerrit
praised the project, stating that it marked “another milestone in the
Government’s quest to enhance the opportunities for private sector investment”
and signalled “the progress that the Government is making in encouraging
investors to participate in the real estate option of the Citizenship by
Investment Programme.” Mr Skerrit noted that projects such as Mr Edwards’
benefit the entire nation of Dominica. He also urged other Dominicans to come
forward with development ideas that can be supported by the CBI Programme.
Finally, Mr Skerrit noted that a new project was likely to be approved for the
CBI Programme by January 2016.

Tranquillity Beach Dominica is
the second project to be sanctioned for CBI purposes, following the October
2015 approval of the Range Kempinski Resort Dominica project.

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