Dominica’s Secret Bay Issues Statement Of Compliance For Its Citizenship By Investment Programme

The Residences at Secret Bay, the globally-recognised CBI project that is part of award-winning resort Secret Bay, recently published its declaration of compliance with respect to Dominica’s Citizenship By Investment (CBI) laws regarding the real estate path to second citizenship. The statement outlines the policy and purpose of The Residences at Secret Bay to ensure full compliance with the highest principles of professional conduct to the related laws, regulations and policies that govern the industry. This includes upholding legislation as established by the Commonwealth of Dominica, as well as the policy statements that Dominica’s CBI Unit issued as of October 11th, 2018 as published by IMI and additionally on January 24, 2022 on IMI. 

Dominica’s CBI laws regarding the real estate option require, among many other things, the following:

• That the price paid for real estate meets the minimum threshold of US $200k
• That this minimum payment is paid in full to an authorized account
• That the purchaser has unencumbered title/ownership to the real estate being purchased
• That the real estate must be held for a minimum of five years before it can be resold and eligible for use in another Citizenship by Investment application

When commenting on The Residences at Secret Bay, Dominica’s Prime Minister and Minister for Finance, Honourable Dr. Roosevelt Skerrit, recently said: “[When] investing in Secret Bay, you can be assured of your investment. You can be assured of a return on your investment. It is a project that cannot be compared to any other in the Caribbean. [Secret Bay] will enhance the integrity of our [CBI] program.”

Read the full compliance statement for The Residences at Secret Bay here. 

The Residences’ CBI offering is priced at US $208k for fractional ownership and from US $1.5 million for whole ownership. To learn more about Citizenship by Investment in The Residences at Secret Bay, visit: https://secretbay.dm/cbi/. For a consultation, please email [email protected].