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DOMINICA’SCITIZENSHIPBY INVESTMENTEXPLAINED
![Page 2: DOMINICA’S CITIZENSHIP BY INVESTMENT EXPLAINED · (Marketing Expenses + Commission) = - US$185.20M + (Total Amount from Applications) EDF Amount of EDF US$15.45M (Total Amount of](https://reader033.vdocument.in/reader033/viewer/2022053022/604f12099768f06b433aa382/html5/thumbnails/2.jpg)
Weeks ago, UWP pluckeda figure from the
Dominica Gazette from 14th March 2019,
Dominica’s Citizenship by Investment Explained
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This figure is completely incorrect.
Dominica’s Citizenship by Investment Explained
UWP CALCULATION
= EC$1.2 BILLLION
US$50,000(a figure they claim to be the average amount paid per citizen)
9,500Received Citizenship
in 12 Months
3,961Received Citizenship
in 5 Months=
(US$475,000,000) When converted toEast Carribean Dollars
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Dominica’s Citizenship by Investment Explained
![Page 5: DOMINICA’S CITIZENSHIP BY INVESTMENT EXPLAINED · (Marketing Expenses + Commission) = - US$185.20M + (Total Amount from Applications) EDF Amount of EDF US$15.45M (Total Amount of](https://reader033.vdocument.in/reader033/viewer/2022053022/604f12099768f06b433aa382/html5/thumbnails/5.jpg)
There is a difference between the number ofCitizenships awarded Applications received. &
Dominica’s Citizenship by Investment Explained
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Child 1 Child 2 Child 3
+ +Main Applicant Spouse
+
Applicant’s Father Applicant’s Mother
+
– in this scenario, while 7 citizenships will be awarded,
there will only be one application for all these seven persons.
1 Application
Dominica’s Citizenship by Investment Explained
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For instance, for a family of 7 the Economic Diversification Fund
(EDF) would amount to a total investment of US $275,000 and
divided by 7 equates to US $39,000 per citizenship granted.
Child 1 Child 2 Child 3
+ +Main Applicant Spouse
+
Applicant’s Father Applicant’s Mother
+US $39k US $39k
US $39kUS $39kUS $39k
US $39kUS $39k
1 Application
Dominica’s Citizenship by Investment Explained
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What are the other options under CBI?
REAL ESTATE
Dominica’s Citizenship by Investment Explained
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Dominica’s Citizenship by Investment Explained
US $200,000R E A L E S T A T E I N V E S T M E N T
Developers’ESCROW account
Property fund to build hotels and resorts
for tourism and jobs creation.
Development for:Deposited to:
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What is the correct revenue amount to the government?
Dominica’s Citizenship by Investment Explained
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APPLICATIONS ACCEPTED (YEAR 2018)
FACT
9,500Number of Applications
in 12 Months
UWPCALCULATION
3,961No. of Applications
in 5 Months
FICTION
Dominica’s Citizenship by Investment Explained
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Economic Diversification Fund(EDF)
1,544Applications Approved
US$120k (Average per application)
US$185.2m (Earnings from EDF Applications)
EDF
Dominica’s Citizenship by Investment Explained
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US$15.45m (Earnings from Real Estate Applications)
REAL ESTATE
515Applications Approved
US$30k (US$ Government Fee)
(US$200,000 invested with developer)
Dominica’s Citizenship by Investment Explained
![Page 14: DOMINICA’S CITIZENSHIP BY INVESTMENT EXPLAINED · (Marketing Expenses + Commission) = - US$185.20M + (Total Amount from Applications) EDF Amount of EDF US$15.45M (Total Amount of](https://reader033.vdocument.in/reader033/viewer/2022053022/604f12099768f06b433aa382/html5/thumbnails/14.jpg)
US$180,150,000M (EC$486,405,000M)(NET EARNINGS FROM EDF AND REAL ESTATE)
=
US$200.65M (Gross earnings from EDF and REAL ESTATE)
US$20.50M (Marketing Expenses + Commission)
= -+US$185.20M
(Total Amount from Applications)EDF
Amount of EDF
US$15.45M (Total Amount of Government Fees)
Real Estate Amount
Dominica’s Citizenship by Investment Explained
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Dominica’s Citizenship by Investment Explained
Where was it allocated? • Housing: - 916 Houses Built/Under Construction • Roads & Transport: - 15 Sections of Roads Built/Repaired - 9 Bridges Built/Repaired• Water & Sanitation: - Investment of US $65m in water sources - Dredged Rivers in different locations• Education: - 15 Schools repaired• Business & Employment: - 3,896 Intern Placements - Financial support for 4,500 businesses• Agriculture & Fisheries: - US $11m to support 32 projects• Health: - 3 Hospitals and 6 Health Centres Repaired - 11 Dominican Children sent overseas for complex medical treatment
TOTAL INCOME:EDF + REAL ESTATE
= US$180,150,000M
= TOTALINCOME
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Dominica’s Citizenship by Investment Explained
Also for Housing Dominica,by the time this project reaches itstarget completion of 6000 homes,
it will be worth EC$2.5 billion.
This is an asset to Dominica.
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US$180,150,000MILLION(EC$486,405,000MILLION)
(NET EARNINGS FROM EDF AND REAL ESTATE)
NOT EC$ 1.2 BILLION
Dominica’s Citizenship by Investment Explained