Range Developments Fully Committed to Dominica Work on Cabrits Resort Kempinski Dominica to Restart

Range Developments Fully Committed to Dominica Work on Cabrits Resort Kempinski Dominica to Restart
(This is a photo of the Kempinski site after the hurricane. As you can see there is very little damage and it just goes to show the quality of the construction of the hotel which was built to withstand a grade 5 hurricane. 
Co struction will start again very soon and we expect very little if any delay.)

September 28, 2017 – The directors and staff of Range Developments wish to express their support and solidarity with the people of Dominica in the wake of Hurricane Maria. Its own development, the Cabrits Resort Kempinski Dominica, situated on the north shore of the island near Portsmouth and still under construction, stood firm as the hurricane passed through (see picture). Range Developments is committed to resuming work on the Cabrits Resort Kempinski imminently, as soon as the supply chains restart.

“The best thing we can do for Dominica is to begin construction as quickly as possible to ensure the wheels of the economy start turning through returning people work,” said Mr Mohammed Asaria, Vice Chairman of Range Developments. “We are committed to Dominica and categorically are not leaving. We have a hotel to complete and we will do so with our full commitment. Our responsibility is to our investors and equally to the people of Dominica to ensure sustainable job creation is maintained.”

Relief work for those areas less fortunate has already begun, with supplies being ferried in from neighbouring countries and those farther afield. Prime Minister Roosevelt Skerrit made a stirring speech at the United Nations General Assembly in New York and is galvanising the international aid effort. He was quick to publicise the island’s plight and his efforts to keep the disaster in the public eye are to be commended. He has described the clean-up as a “humungous challenge” but pledged that every village would soon be reached. Countries from across the globe have committed to assist Dominica and support is being extended to Dominica in its time of need.

Over the past few days, the efforts of the Government of Dominica must be applauded and recognised. The country has started on the long path to recovery. Essential utilities such as power, water and telecommunications are beginning to return to communities’ island wide.  Roads are beginning to be cleared, while the airports are re-opening.

As the reconstruction of the island’s infrastructure gets underway, Range Developments has lent support to those who have been most affected near its development. It has already sent down a helicopter of urgent supplies, carrying essentials such as food, water, clothing and baby supplies, as well as, assisting with the transportation of relief from neighbouring St Lucia by boat.

Range Developments’ CSR team in the coming days will be identifying a number of long term initiatives to support in the Portsmouth area with a key focus on education and social welfare.

About Range Developments:

Range Developments is an international property developer focusing on high- end hotel resorts in the Caribbean that are well-designed, sustainable and desirable. The Park Hyatt St Kitts won the prestigious Best New Hotel Construction and Design St. Kitts & Nevis award at The International Property Awards 2014-2015. It also won the coveted award of Best New Hotel Construction and Design in the Caribbean 2014-2015. It is due to open in November 17.

Range has two other developments in the region. The Cabrits Resort Kempinski in Dominica is the first government approved real estate project in Dominica under the country’s Citizenship by Investment Program. A minimum investment of US$ 220,000 in the project will entitle investors and their families to a citizenship of the Commonwealth of Dominica. It is currently under construction and the most advanced of any government-approved project on the island. Its third project, The Ritz-Carlton St. Lucia, was announced in August this year.

FOR FURTHER INFORMATION CONTACT:

Rupert Wright

Email: [email protected]

+ 44 7557 371908

Dominica CIU Already Back in Business, in Spite of Hurricane Maria Havoc

Source: Investment Migration Insider

https://www.imidaily.com/caribbean/dominica-ciu-already-back-business-spite-hurricane-maria-havoc/

Author: Ahmed Khalil

Dominica’s CIU is back to normal and processing applications; contrary to a story circulated yesterday.

Prime Minister Roosevelt Skerrit of Dominica said in a Press Conference two days ago that the country’s Citizenship by Investment Unit (CIU) is back to normal following the devastation by Hurricane Maria.

Citizenship by Investment Caribbean / Dominica Real Estate

Citizenship by Investment Caribbean / Dominica Real Estate

REAL ESTATE

To qualify for citizenship of Dominica under the Real Estate Option of the Citizenship by Investment Programme, an applicant must purchase authorized real estate to the minimum value of USD 200,000.

On approval in principle of an application through a real estate investment or other approved project, the following fees also apply:

  • USD 25,000 for the Main Applicant;
  • USD 35,000 for the Main Applicant applying with his or her spouse;
  • USD 35,000 for a family of up to four persons, including the Main Applicant and up to three dependants
  • USD 50,000 for a family of up to six persons, including the Main Applicant and up to five dependants; or
  • USD 70,000 for a family of seven persons or more, including the Main Applicant and six or more dependants

For a full breakdown of the other fees payable under the Real Estate Option, including due diligence fees

The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the grant of citizenship.

Link : http://cbiu.gov.dm/investment-opportunities/real-estate/