Economist Dr. Thompson Fontaine is of the view that investors are being made to go through too much “red tape”, before they are allowed to establish and develop their businesses in Dominica.
Dr. Fontaine says he was recently approached by a wealthy couple, who were interested in investing in Dominica, but they claimed that every time they attempted to do business here, they found the process to be tedious and confusing.
Dr. Fontaine is calling for “a one stop shop” where foreign investors are able to receive all necessary documents and information in one facility.
Speaking at a press conference on Friday 18th November 2016, Prime Minister Roosevelt Skerrit said, his DLP Administration’s “Citizenship by Investment (CBI) program is an evolving product, and global competition is increasing. He said five years ago, there were only two Caribbean countries with CBI programs; St. Kitts & Dominica, but now there are five.
Presently the qualifying investments are a contribution to the Government Fund of a minimum amount of one hundred thousand US dollars, or the purchase of a property to the value of two hundred thousand US dollars.
Here is Dr. Thompson Fontaine with more:
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