Government of Dominica Approves Citizenship by Investment at Secret Bay
We are thrilled to announce that the Government of Dominica has officially approved The Residences at Secret Bay as a qualifying investment for economic citizenship under Dominica’s Citizenship by Investment (CBI) Programme. We celebrated this monumental moment with a beautiful signing ceremony for The Residences at Secret Bay, bringing together both Dominican government officials and Secret Bay’s staff to commence this new chapter for the boutique resort.
*(left to right) Permanent Secretary for Planning & Economic Development Gloria Joseph, Developer of The Residences at Secret Bay Gregor Nassief, Prime Minister and Minister for Finance Honourable Dr. Roosevelt Skerrit
The Residences at Secret Bay is a first-of-its-kind Citizenship by Investment real estate opportunity in the Caribbean offering ownership within an award-winning and operating resort with a strong occupancy track record, demonstrated rental demand and proven financial performance. With a collection of 42 fully-appointed residences across 33 acres, The Residences at Secret Bay offers an astute real estate investment in an emerging destination while following a sustainable, low-density approach to development that thoughtfully aligns with the country’s greater mission to become the world’s first climate resilient nation.
*(left to right) Minister for Tourism Honourable Robert Tonge, Developer of The Residences at Secret Bay Gregor Nassief, Prime Minister and Minister for Finance Honourable Dr. Roosevelt Skerrit, Chairman of the CBI Ministerial Subcommittee Honourable Dr. John Collin McIntryre, Permanent Secretary for Planning & Economic Development Gloria Joseph, (at podium) General Manager Secret Bay Dinesh Kissoon at Zing Zing Restaurant
During the signing ceremony at Secret Bay’s Zing Zing restaurant, Dominican Prime Minister Roosevelt Skerrit commented on the new development and applauded the many benefits it will bring to the local economy: “The project comprises of 42 villas and at completion will provide direct, permanent, sustainable jobs for 120 Dominicans.” Additionally, he notably commented: “We will see one of the best, if not the best, resorts in the Western Hemisphere here in Dominica.” Following the ceremony, government officials toured the property and got an inside look into the existing villas and new amenity spaces.
*Developer Gregor Nassief and Prime Minister Honourable Dr. Roosevelt Skerrit tour existing Zabuco Villa Estate
For the second year running, Dominica’s Citizenship by Investment (CBI) Programme was named “World’s Best Country for Second Citizenship” in a special report issued by Financial Times subsidiary Professional Wealth Management, reinforcing that The Residences at Secret Bay is a worthwhile investment opportunity that can be enjoyed for generations to come.