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Dominica's Citizenship by Investment Resort Secret Bay Records Highest Sale on Island

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       The Commonwealth of Dominica has quickly become a desired destination amongst property investors seeking a secluded and safe destination. The Residences at Secret Bay, one of the island's award-winning resorts, recently recorded its highest sale ever witnessed in the country. Secret Bay's villa, sold for US$7.1 million, boasts a dramatic cliff-top location with a view of the Caribbean Sea.   Secret Bay operates under Dominica's Citizenship by Investment (CBI) Programme, enabling citizenship to those who invest in approved real estate on the island....

Achieving Climate Resilience with Citizenship by Investment: Dominica to Complete Geothermal Plant by 2022

Find out how Asia Outbound can introduce you to new intermediaries and agents for your project or services     By CS Global Partners   The Commonwealth of Dominica's new geothermal plant is expected to be built in 2022. The project is part of the Caribbean island's goal to become the world's first climate-resilient country. It aims to reduce electricity costs for consumers and supply energy to its neighbouring French islands of Guadeloupe and Martinique.   The plant, which is partly funded by the country's Citizenship by Investment Programme, is expected to generate approximately 120 megawatts of electricity when finished. Dominica's Ambassador...

Dominica Blacklisted as a Non-cooperative Jurisdiction for Tax Purposes by the EU Council

By Dominica News Online   Dominica has been added to the list of jurisdictions that are considered non-cooperative for tax purposes by the European Union (EU) Council.   On Monday, February 22, 2021, the council announced that the tax blacklist was due to Dominica receiving a “‘partially compliant’ rating from the Global Forum and has not yet resolved this issue.”   According to a press release, a jurisdiction can be blacklisted if they have “not engaged in constructive dialogue with the EU on tax governance or failed to deliver on their commitments to implement the reforms necessary to comply with a set...