Worldway Immigration Group News: Due to the recent hurricane season in the Caribbean, the latest Hurricane Maria has caused certain damage to public infrastructure and personal assets in several Caribbean countries. Many of Worldway Immigration's Dominica investment immigration clients are concerned about whether Hurricane Maria has affected the Dominica Kempinski Hotel project. In response, Worldway specifically inquired with the Kempinski Hotel project developers on behalf of our clients. Recently, Worldway received information from the project developers: the Kempinski Hotel project was minimally affected by Hurricane Maria, and construction work will resume shortly.
Photos of the Kempinski Hotel after the hurricane
This hurricane has caused significant economic losses to Dominica. A long-time friend of Worldway Immigration Group, the Prime Minister of Dominica, Hon. Roosevelt Skerrit, delivered a speech at the United Nations General Assembly in New York at the earliest opportunity to highlight the plight of the island of Dominica following the hurricane and to encourage international aid efforts. Over the past few days, the tireless efforts made by the Government of Dominica for the high-profile disaster reconstruction work have received widespread international praise and recognition.
At the same time, to support the reconstruction of Dominica's infrastructure, the developers of the Dominica Kempinski Hotel project have also provided strong support to surrounding disaster victims and arranged helicopters to deliver much-needed supplies, such as water, food, clothing, and baby products.
The Dominica Kempinski Hotel Citizenship by Investment project is the first real estate project approved by the Government of Dominica under its Citizenship by Investment Program. Through a limited partnership framework, investors can invest $220,000 in a limited partnership share of the hotel and pay the relevant government fees to be eligible to apply for Dominica citizenship for themselves and their qualifying family members. At the same time, they receive $220,000 worth of hotel equity, a value expected to rise to $300,000–$350,000 in the near future.
Advantages of the Kempinski Hotel Citizenship 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 Government of Dominica under the Citizenship by Investment Program, it is highly valued by the Dominica government, promoted by the Prime Minister himself, and holds high credibility. The project's construction is progressing smoothly and is currently in the topping-out stage.
3. Low risk and capital security: Investors first pay a 10% down payment, and after receiving approval in principle, 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 trust 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 highest-tier membership, allowing you to enjoy benefits at world-famous hotels.
To address the impact of the hurricane, the Government of Dominica recently launched a major new policy, which not only reduces prices but also significantly relaxes age restrictions for dependents. This is another major benefit following the significant price reduction and substantial decrease in government application fees for real estate investment methods introduced on September 1st.
According to the new Dominica immigration policy on September 1st, for investors investing in the Kempinski Hotel project applying as a family unit, the government application fees are:
Up to four people (Main applicant + 3 dependents): $35,000 (a direct reduction of $40,000 from the past)
Up to six people (Main applicant + 5 dependents): $50,000 (a direct reduction of $50,000 from the past)
Seven people or more (Main applicant + 6 or more dependents): $70,000 (a direct reduction starting from $50,000 from the past).
Following the major price reduction on September 1st, the main changes in this new Dominica investment immigration policy are as follows:
The Government of Dominica has significantly relaxed age restrictions and further reduced fees, making this an exceptionally rare and optimal time to apply for a Dominica passport. It is worth mentioning that the new policy is valid for only six months, until March 31, 2018. For investors who are interested in Dominica investment immigration but whose accompanying children, parents, or grandparents were restricted by the previous old law, it is advisable to seize the time and submit application materials as soon as possible. Apply early for peace of mind.
Immigration is a long and complex process, and choosing a formal, professional immigration agency with good government relations is particularly important. As one of the first immigration agencies to promote the Dominica Citizenship by Investment Program in China, Worldway Immigration Group is also a company that has successfully promoted Dominica. In promoting Dominica investment immigration, Worldway has maintained an industry-leading submission volume and a 100% approval rate. Furthermore, Worldway Immigration Group has maintained a good interactive relationship with the Government of Dominica for many years, enabling us to provide investors with official news in a timely manner and always safeguard the immigration journey of our investors.
The Prime Minister of Dominica, Hon. Roosevelt Skerrit, has visited Worldway's senior management multiple times and has provided Worldway clients with preferential treatment such as simplified application materials and accelerated approval speeds. Choose Worldway for your Dominica passport, and make your immigration journey easier! For details, please call: 400-138-2929.
