Dominica CBI real estate benefits include a beautiful Caribbean island with a unique natural environment. This comes with a mountainous interior with towering waterfalls in addition to over 1200 plant species. It is all surrounded by the spectacular Caribbean coastline where a resident population of sperm whales lives offshore and endangered sea turtles return to nest every year.
As a result, Dominica CBI real estate benefits are indeed very popular with US and European tourists. These tourists are the regular customers of the island’s popular ecotourism resorts.
Would you like to invest in Dominica citizenship? Making a qualified investment into one of Dominica’s popular ecotourism developments allows applicants to qualify for the Dominica citizenship by investment program.
A major benefit for real estate investors allows them to sell the property while retaining Dominica citizenship in perpetuity. But take note that you can also earn a respectable tax free investment yield during the holding period.
List of Dominica CBI Real Estate Benefits:
- Sell the Property to another Dominica citizenship applicant after 5 Years.
- Earn a 4-5% ROI during the holding period.
- Choice of Freehold or Real Estate Trust Ownership Structure.
- Reduced Investment Amount for Families.
- Invest in Profitable Time Tested Development.
- Stability of the Dominica Ecotourism industry.
- Dominica’s environment is well suited for social distancing protocol.
- Obtain the same benefits as the government contribution in addition to the right to sell the property and recoup the investment.
- No requirement to notify your home country about the application.
- No need to ever visit the island during the application process.
Freehold vs. Real Estate Trust Ownership
Dominica CBI real estate benefits allow investors to choose between a freehold or real estate trust ownership structure. Conservative investors often choose the more traditional investment option which is freehold ownership, especially when purchasing residential real estate for personal use.
However, due consideration should be given to the fact that CBI real estate investment is primarily for commercial use with an emphasis on tourism development. As a result, this eliminates a few of the most desirable freehold ownership benefits.
Indeed, most of the Dominica CBI real estate properties cannot be used as a personal residence for more than one or two weeks per year. Additionally, they can never be mortgaged or leased directly to the benefit of the owner. Therefore, a CBI property is mostly devoid of freehold ownership benefits.
Nonetheless, wise CBI applicants will consider confidentiality when applying for second citizenship. This is because deeded real estate requires that the name of the new owner be recorded in the Dominica Land Registry. So the applicant’s name is published and can be viewed by the public.
In contrast, ownership in a development with a real estate trust structure such as the Cabrits Kempinski Dominica provides 100% confidentiality. This is because the name of the real estate trust is instead substituted for the owner’s name in the Dominica Land Registry.
Purchase Well Established Dominica CBI Real Estate
Cabrits Kempinski, Dominica was developed by the most successful CBI real estate developer in the Eastern Caribbean. Indeed, CBI ownership units in the resort were 100% sold out prior to opening in 2019. This is because of high demand from CBI investors seeking the security of an established developer.
Fortunately, a limited number of ownership shares in Cabrits Kempinski have now become available for resale. As a result, new investors may purchase an ownership unit from an existing owner who has satisfied the holding period.
This benefits the new investor because they can use the purchase to qualify for Dominica citizenship. But at the same time, the previous owner can recoup their investment while retaining Dominica citizenship in perpetuity. It is indeed a win~win situation for both parties. Not to mention that the new owner can also sell in five years.
Cabrits Kempinski Purchase Price Breakdown
|Item||Family of Four|
|Cost of Share||$220,000|
|Government fees for main applicant, spouse and two dependents.||$35,000|
|Due Diligence Fees||US $11,500 (US $7,500 for main applicant and US $4,000 for spouse)|
|Share Registration Fees||$8,800|
|Government Processing Fees||$1,000|
|Certificate of Naturalization, stamp fees||$1,000 ($250 x 4)|
Future Demand for Dominica Tourism Industry
In 2020, the COVID-10 pandemic certainly hit the Caribbean tourism industry where it hurts the most. However, vaccinations have been well received in developed economies. Therefore, pent up demand for Caribbean vacations has resulted in strong bookings for Caribbean cruises in 2022 and beyond.
An auspicious sign for the future is the strong recovery in the Caribbean cruise industry. Historically, no less than 40% of the Eastern Caribbean economy is directly dependent on tourism. As a result, Dominica CBI real estate is certain to benefit the most from the recovery. Not to mention, Dominica’s natural environment is well suited for the new age of social distancing.
In preparation for a strong recovery, Dominica has already been receiving international tourists on the island. Dominica CBI real estate investors will certainly enjoy receiving their lucrative investment yields once again.
Invest in Your Future with iGlobal
My partners and I have 35+ years of experience working with the Caribbean citizenship by investment programs. As a result, the best real estate development is easily accessible to our clients. In addition, we have a streamlined approval process that assures you will obtain Dominica citizenship in the most cost effective and efficient manner possible.
When an investor chooses iGlobal, you can rest assured that we have walked in your shoes on the path to global citizenship. You will therefore benefit from our expertise in acquiring the best tax residency and using all the benefits of your new Dominica passport.
When it comes time to sell the property, we will be there to ensure that you get the best price available. Also get fast and efficient post citizenship services and quickly receive your Dominica driver’s license, tax identification number and local street address.
Contact me today to begin your journey to global access and economic freedom.
Email: [email protected]