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ROSEAU An Island Reborn

Dominica was ravaged by the Category 5 strength of Hurricane Maria, leaving many to wonder what’s next for the Nature Island. But according to noted local historian Lennox Honychurch, this has happened in the past, and each time the country has bounced back better than before.

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Education in Dominica

Dominica is member of the Organization of Eastern Caribbean States (OECS) and as such is being supported by GPE alongside Grenada, Saint Lucia, and Saint Vincent and the Grenadines. The OECS recognizes the importance of improving the quality of education as part of the solution to improving social and economic development in the region. On average, OECS countries spend over 17% of the national budget on education and between 5-7% of GDP. The OECS countries have made good progress in access to basic education, which is expanded to universal levels with some countries implementing universal early childhood education, but some challenges remain with regard to access, equity, and quality.

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Dominica has breathed new life into its geothermal project

Dominica indisputably has the most advanced geothermal project in the Caribbean and that in turn has implications for the rest of the region. An operational geothermal power plant would be a shot in the arm for the regional geothermal industry and would inform and influence similar efforts in OECS countries such as St. Lucia, St. Vincent, Nevis and St. Kitts. Unlocking a larger resource for an inter-island electricity project is the holy grail of geothermal endeavors in the Caribbean, and if Dominica were successful it would be a game changer both for Dominica and the Caribbean as a whole. Few would dispute that most of the pieces are now in place. The pressure is now on to deliver.

Citizenship by Investment

Dominica’s Citizenship by Investment is one of the oldest citizenship by investment programs in existence that allows investors to migrate to Dominica. This program does not force requirements that are too difficult to fulfill. The average timeline to process Dominica citizenship is about 3-4 months, however for some cases it may take longer.

There are two options available where an applicant can invest:
  • First option is a non-refundable contribution starting from 100,000$ to the Government’s Economic Diversification Fund (EDF)
  • Second option is investing in a preapproved real estate development with a minimum value of 200,000$

Key advantages:

  • Minimal taxation - no wealth, gift, inheritance, foreign income or capital gains tax
  • The physical residency from new citizens does not require, that eases to hold dual citizenship.
  • The passport holders have the benefit of the country amazing tax code. The taxes are minimal and there is no wealth, gift, inheritance, foreign income or capital gain taxes. Moreover, personal tax only applies if one is residing and earning in the country
  • Generous incentive packages include corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance.
  • Currency is pegged to the US dollar, which provides certainty and stability in exchange transactions
  • Duty free trading in the Caribbean
  • Peace of mind knowing you belong to a warm and welcoming international community with steadfast governance at its core
  • Simple and efficient processes to ensure a smooth citizenship journey
  • Ideal for those seeking greater mobility and travel. A Dominican passport allows visa free travel to 190 countries including Europe’s Schengen (Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Portugal, Spain, Switzerland, and Turkey etc.) and the UK, as well as Colombia, China, South Korea, Mauritius, Hong Kong, Malaysia and Singapore and many other countries.