Dominica is planning to encourage CBI citizens to come, live in Dominica and become a tax resident of the country.
In delivering his Budget Address for 2017/2018, the Prime Minister of Dominica, Dr the Honourable Roosevelt Skerrit, reflected the dynamism and optimism of this thriving Caribbean island, noting that the fiscal year would open under the theme “Realising a modern prosperous Dominica,” and urging citizens to come together and participate on all levels in the transformation and growth of the country’s economy.
And Dr Skerrit did truly mean all citizens, including those who received citizenship through the country’s renowned Citizenship by Investment (CBI) Programme.
“We are examining a plan to encourage some of our new citizens who do not reside in Dominica, to consider becoming tax resident here,” he said, signalling a strategy that would render Dominica even more inclusive than it currently is, encouraging these foreign-born citizens to create even stronger bonds with the Caribbean island. “[I]t would ensure that our engagement with our new citizens is deeper and more continuous,” underlined the Prime Minister.
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