By Caribbean News Global
LONDON, England – Last week, Range Developments opened the Cabrits Resort & Spa Kempinski in Dominica the first major branded hotel to be completed in Dominica initiating a major boost for the economy of the island. A similar advantageous effect on the economy was felt when the Park Hyatt St Kitts opened; meantime similar enthusiasm surrounds the construction of Six Senses La Sagesse Grenada, expected to start by the end of this year and completion is expected in 2022.
Citizenship by Investment (CBI) shares into the new Kempinski resort are already sold out, however, citizenship hopefuls still have time to buy into other worldwide hotel groups, with Marriott’s Anichi and Hilton’s Tranquility Beach expected to debut their resorts in Dominica soon. Each of the hotels, along with other luxury boutique resorts like Jungle Bay, Secret Bay or Sanctuary Rainforest, will operate under Dominica’s world-leading CBI programme. The legislated initiative encourages wealthy individuals and their families to acquire second citizenship in exchange for an investment into Dominica’s economy.
Investments worth at least USD$200,000 into pre-approved real estate are one of the options applicants have under the Dominican CBI programme. The second route asks for a USD 100,000 contribution for a single applicant directly to the government’s Economic Diversification Fund. All applicants must first pass a series of due diligence checks.
With Dominican citizenship, investors gain access to a vast range of benefits, spanning from increased global mobility to alternative business opportunities, and, importantly, belonging to a stable democracy with a thriving economy, advocating for a global community.
Europe’s oldest luxury hotel group officially launched of Cabrits Resort & Spa Kempinski Resort Dominica is the first internationally branded hotel to debut on the ‘Nature Isle of the Caribbean’ and will be a major boost for the country’s economy, partly funded via Dominica’s CBI programme – a worldwide success.
Range Developments managing director, Mohammed Asaria, said the resort would transform the nearby area, “providing jobs to hundreds of people and bringing thousands of tourists every year to this beautiful country.” Prime Minister Roosevelt Skerrit said that “this is the first time international hotel brands are making a debut in Dominica and there is a lot to come.”
Cabrits Resort & Spa Kempinski Dominica will host 151 rooms, duplexes, suites, and beach cabanas and luxury amenities including four distinct restaurants, fitness facilities, and large event spaces. Impressively, the resort will launch its own air service for guests travelling from nearby Antigua and Barbuda or Guadeloupe and private SUV transfer for a complete door-to-door experience. The resort sparked significant international buzz, with Forbes naming it one of the Caribbean’s most anticipated hotelier openings this year.
Dominica’s CBI programme has been the world’s best offering for economic citizenship for the last three years, citing affordability and efficiency as some of the key reasons for its success. With a 26-year experience, Dominica operates one of the most transparent programmes in the world. Generated revenue sponsors national development initiatives in Dominica in key areas like education, healthcare, housing, infrastructure, climate resilience, and ecotourism.
With the opening of Kempinski Dominica and CBI shares sold out, Range Developments, the most successful developer of luxury real estate projects in the Caribbean is offering Six Senses La Sagesse, Grenada, a wonderful opportunity to invest, live and work in paradise on the ‘Isles of Spice’.
The property will be built on a promontory in Saint David’s Parish, an unspoiled area of remarkable natural beauty boasting ‘one of the top ten beaches in the Caribbean’ as described by The Sunday Times.
Range Developments is an international property developer focusing on high-end hotel resorts in the Caribbean that are well-designed, sustainable and desirable. As with other Range Developments’ projects, investors will be able to participate in the project, and if eligible, apply for citizenship in Grenada.
With a minimum investment of USD$ 220,000, investors in Six Senses La Sagesse, Grenada, will enjoy attractive citizenship privileges for their entire family, and a chance to share in a winning partnership with Range Developments, the most successful developer of luxury real estate projects in the Caribbean.
Grenada’s CBI programme is a fantastic way to enjoy the beauty of the island, explore new paths for business and expand participants’ passport portfolio.
With a Grenadian passport, citizens enjoy the ability to apply for the sought-after E-2 visa, giving them the power to reside and work in the USA. #grenadapassport #CBI
Grenada has direct flights from Grenada’s Maurice Bishop International Airport to major markets in the US, Caribbean, Canada, UK and Europe making the island accessible to visitors, the option to navigate your future with experts at Range Developments in the comfort of the Pure Grenada Experience – “The Spice of the Caribbean,” is a chance to share in a winning partnership of a lifetime.