Curated News
By: NewsRamp Editorial Staff
April 23, 2024
Prime Minister Skerrit Emphasizes Significance of CBI Programme in Dubai Visit
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- Prime Minister Skerrit highlights the significant role of the Citizenship by Investment Programme in shaping Dominica's socioeconomic landscape.
- The recent Memorandum of Agreement among OECS countries emphasizes harmonized legislation, standard application procedures, and uniform due diligence processes.
- The CBI Programme has been a cornerstone of Dominica's economic strategy, propelling the nation towards prosperity by fostering economic growth, job creation, and strengthening health and educational infrastructure.
- The Dominica CBI Programme continued generating revenues 48 to 72 hours after Hurricane Maria, showcasing its enduring value as a catalyst for progress and sustainable development.
Impact - Why it Matters
The news is important as it highlights the significant impact of the Citizenship by Investment Programme on Dominica's socioeconomic landscape and the collaborative efforts to uphold ethical practices in the CBI sector. The emphasis on legal compliance and integrity also assures potential investors of the Government's commitment to responsible investment practices, ensuring transparency and accountability in the citizenship acquisition journey. This news impacts individuals interested in CBI programmes and potential investors, as it provides insights into the collaborative efforts and commitment to excellence in the CBI sector.
Summary
During his visit to Dubai, Prime Minister Roosevelt Skerrit of Dominica emphasized the significant role played by the Citizenship by Investment Programme in shaping the island’s socioeconomic landscape. He underscored how the CBI Programme has been a cornerstone of Dominica's economic strategy, propelling the nation towards prosperity by fostering economic growth, job creation and strengthening health and educational infrastructure. The recent Memorandum of Agreement among OECS countries emphasises the importance of harmonised legislation, standardised application procedures, uniform due diligence processes, and information sharing among member states. Prime Minister Skerrit also acknowledged the pivotal role of economic citizens, developers, and agents in the success of the Dominica CBI Programme. He emphasized legal compliance, integrity, and responsible investment practices in the CBI Programme, reaffirming the Government's commitment to ethical conduct.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Prime Minister Skerrit Emphasizes Significance of CBI Programme in Dubai Visit
