Recently, Worldway Group received the construction progress report for the Kempinski Hotel project from 2016 to August 2017 from the project developer (see image below).
【Kempinski Hotel Construction Progress Comparison: 2016 - August 2017】
The Kempinski Hotel in Dominica is the first real estate project approved by the Dominican government under the Citizenship by Investment Program. The resort hotel features 101 rooms and will become the first five-star resort hotel in Dominica upon completion.
Since construction officially began in January 2016, the project has progressed smoothly. As of now, the project has gradually entered the topping-out stage and is nearing completion, with an expected opening in the second half of 2018. This is currently the only project among those approved by the Dominican government for citizenship by investment that has commenced construction, is progressing smoothly, and is expected to be completed and operational on schedule.
The Dominica Kempinski Hotel citizenship by investment project is touted as one of the projects with the lowest investment cost and maximized return on investment in its category. Investors only need to purchase $220,000 in hotel equity to apply for a Dominica passport for four generations of their family, obtaining citizenship while also receiving $220,000 in hotel equity. It is reported that this amount is expected to rise to $300,000-$350,000 in the near future.
Advantages of the Kempinski Hotel Project:
1. High cost-effectiveness and easy resale: Investing in hotel equity not only grants a Dominica passport but also provides annual investment returns. The hotel equity can be sold after 3 years without affecting the status already obtained; if sold after 5 years, the next buyer can also apply for citizenship through this project.
2. Key government project: As the first real estate project approved by the Dominican government under the Citizenship by Investment Program, it is highly valued by the government, with the Prime Minister personally promoting it, ensuring high credibility. The project is progressing smoothly and is more than halfway complete.
3. Low risk and capital security: Investors pay a 10% down payment first, and after receiving principle approval, pay the remaining 90% of the investment into an escrow account. The escrow account is supervised by the National Bank of Dominica, and the government participates in the management of the project's escrow account to ensure project transparency.
4. Strong partnership between international developer Range Developments and Kempinski Hotels: The Kempinski Hotel Group is world-renowned. Investing in this hotel's equity grants GHA top-tier membership, allowing you to enjoy discounts at world-famous hotels.
The project is recruiting 500 investors globally to serve as limited partners for the hotel. Worldway Group has learned from the project developer that quotas are currently running low, and it is advised that investors interested in Dominica immigration should seize the opportunity and invest as soon as possible!
It is worth mentioning that according to the recent amendments to the Dominica Citizenship by Investment regulations released by the government, the costs for both donation and real estate investment options are more favorable than before! This act officially took effect on September 1, 2017. Among them, the preferential policy for government application fees for the real estate investment option is valid for only 1 year, from September 1, 2017, to August 31, 2018. It is recommended that those who need to apply for Dominica investment immigration should act quickly and apply as soon as possible.
As one of the first immigration agencies to introduce the Dominica Citizenship by Investment Program to China, and a company that has successfully promoted Dominica investment immigration, Worldway Group has maintained good government relations for many years and can provide investors with official news in a timely manner.
Dominica Prime Minister Hon. Roosevelt Skerrit has visited Worldway Group's senior management multiple times and has provided Worldway Group clients with benefits such as simplified application materials and accelerated approval speeds. Choose Worldway Group for your Dominica passport and make your immigration journey easier!
For more details on Dominica immigration, please call: 400-138-2929.