Some people wonder whether the Dominica Citizenship by Investment programme directly benefits the Dominican citizen or if it only provides advantages to an investor. Offering Dominica citizenship to investors indeed provides a wide range of benefits to them, but the money the programme brings into the country also provides direct benefits to those born as citizens, as well as allowing the country’s infrastructure to develop.
The Citizenship by Investment programme in Dominica doesn’t only improve the financial gain of investors, it also allows for the country’s economy to further flourish while also bringing a more competitive workforce and contributing to economic stability within Dominica. Let’s examine the two primary areas that directly benefit the citizens of Dominica.
Investment Benefits Economic Growth
Citizenship by Investment is exactly as it sounds: an investor can apply for citizenship in return for their investment. It’s natural to wonder how investing in a project, which is usually a real estate development, directly benefits the citizens of a country. Take our resort development in Dominica, for example, the InterContinental Dominica Cabrits Resort & Spa. By attracting investors, hundreds of jobs have been created for the citizens of Dominica. These positions and employment opportunities increase their income substantially and drive the citizens of Dominica towards higher economic brackets.
Economic growth, which the investment provides both indirectly and directly, leads to increased consumer spending, more trade, and the creation of new local businesses in Dominica. This infusion of money into Dominica’s economy brings opportunities for stable jobs with growing wealth available to those living in the county. Business begets business is a way to put it more simply.
That is one key way the Dominica Citizenship by Investment programme directly benefits their citizens, by providing a growing economy that provides greater opportunities and access to wealth.
Investment Benefits Social Responsibility
Another way in which Dominica communities are benefiting from attracting investors to the InterContinental Dominica Cabrits Resort & Spa is through Range Developments’ social responsibility activities. We have initiated several of them in all countries where we have built resorts under the government’s Citizenship by Investment programmes. When developing or doing business in another country, it’s important to be seen and actively working to impact the lives of the citizens in a positive way, and set an example for other companies.
We at Range Developments believe in giving back to the community, which is why we engage citizens at a grassroots level. Our CSR portfolio is diverse and we’re very proud of the work we have done in Dominica, each project being an example of our four core areas of focus: families, children, entrepreneurs, and community.
We invite you to explore the many initiatives Range Developments continues to work on:
Range Developments and Dominica Citizenship by Investment
Making an investment in a Dominica government-approved project, the InterContinental Dominica Cabrits Resort & Spa goes way beyond the investor gaining a Dominica passport and the many other advantages, such as expanding business opportunities worldwide. The investment is also a great benefit to the citizens of Dominica by helping the nation have a growing economy, a better-educated workforce, and improve long-lasting developments that can transform the lives of citizens in a concrete way.
We at Range Developments have had two successful and completed resorts in Grenada and St. Kitts, both delivering a positive impact on the lives of citizens while encouraging investors to apply for Citizenship by Investment, which improves their lives as well. A real estate investment by way of the economic citizenship Dominica programme doesn’t exist solely for investors, the government created it as a new way to better their citizens and the country.
If you’re interested in being part of that positive impact while securing a Dominican passport and citizenship, we encourage you to speak to one of our CBI consultants.