Black Immigrant Daily News
News Americas, Roseau, Dominica, Mon. Oct. 31, 2022: Anichi Resort & Spa will be providing a 2% annual return to investors despite being under construction. The management of the much-anticipated five-star luxury resort and spa in Dominica has said that the project is in full swing, and that once construction is completed, annual returns will be based on the resort’s operation.
Following an official update, an estimated 70% of the project is now complete; this includes the flooring as well as an extensive electricity infrastructure. The resort is being built on 12 acres of land, with 128 rooms. I will host world-class amenities, such as a lagoon swimming pool, an infinity pool, restaurants, a business centre and many others. Overlooking a picturesque beach, the resort will tastefully blend its modern architecture with the landscape’s tropical foliage.
Developed by Oriental Developers (Caribbean) Ltd, the resort will form part of the Autograph Collection, a premium international brand developed by renowned hotelier Marriott International. This links the resort to more than 100 luxury lifestyle hotels across 30 countries and territories – all of which have been constructed as part of Autograph Collection Hotels. Furthermore, Anichi Resort will be managed by Highgate, a dominant player in major US gateway cities with a growing footprint in the Caribbean and Latin America.
Anichi Resort & Spa is also one of the premium real estate options approved by the Dominican government’s Citizenship by Investment (CBI) programme. The CBI Index of 2022, published by the PWM Magazine of the Financial Times, recognises it as the “World’s Best Citizenship by Investment Programme”. The minimum investment threshold for Anichi Resort & Spa is $220,000 (USD), an expenditure which also comes with lifetime Dominican citizenship and property ownership.
The resort will bolster the tourism sector and generate extensive employment for locals. The country already occupies a notable position, ranking first among 25 other Caribbean islands – winning due to its lush green jungles, hot springs and striking black-sand beaches. Annually, scores of investors fly to Dominica owing to its large number of government-approved investment projects. The Citizenship by Investment Programme of Dominica allows these individuals to purchase freehold shares in government-approved properties.
Anichi Resort & Spa provides investors and CBI applicants with a Return on Investment (ROI) as well as a route towards diversifying their portfolios and planning their wealth.
The Prime Minister of Dominica, Dr Roosevelt Skerrit, praised the CBI Programme, “Thanks to the real-estate investment option of the Citizenship by Investment Programme,” he noted, “the country is catching the attraction of travel-enthusiasts and is now known for [its] luxury tourism offering. Under the Citizenship Programme, investors looking to expand their real estate portfolio have the opportunity to invest in established luxury hotel brands and villas.”
Dominica’s real estate investment option has long provided premium, luxury projects for investment. A prior example of this is Secret Bay, a real estate property which paid out more than $1 million (USD) in returns to investors. The Residences at Secret Bay also promises great returns, having drawn more than 100 Citizenship by Investment (CBI) owners. The resort has already won a number of awards, and it is anticipated that Anichi Resort & Spa will likewise be counted as one of the jewels in Dominica’s real estate crown.
Anichi Resort promises to be a meaningful asset during this time of global uncertainty. CS Global Partners, a legal consulting firm working in the investment citizenship field, noted that, beyond the resort’s world-class architecture and lush surrounding environment, “[t]he project also brings in interest from investors keen to participate in the development through Dominica’s Citizenship by Investment (CBI) Programme. Once completed, the resort promises to transform Dominica’s tourism sector while also boosting employment for the local community”.
Concurrently, Dominica is witnessing the construction of several other hotels, including a Hilton hotel, which will also fall under the government-approved real estate investment options of the country’s CBI programme. Many of these properties are being built to be sustainable and climate-resilient, with the continued construction of such resorts and hotels positioning the island as a top destination for eco-luxury resorts.
Dominica’s real estate is thus proving to be a popular option among investors and high net-worth individuals (HNWIs). Bolstering investment is the strength of the country’s CBI programme. The credibility and trustworthiness of Dominica’s programme has been maintained since its launch almost three decades ago, and it has been ranked the world’s best CBI programme for its sixth consecutive year. Alongside alternative citizenship, the Citizenship by Investment Programme of Dominica provides a number of other opportunities to investors. These include:
The ability to become a global citizen and be part of a global community transcends Dominica’s land borders.
The ability to hold multiple citizenships.
A citizenship that is granted for life and can be passed on to future generations.
An opportunity to provide families and children with a peaceful, stable, safe and welcoming home.
Access to countless business opportunities, with the option of portfolio diversification.
Enhanced opportunities for wealth planning and expanding business overseas.
A stable currency, with Dominica’s currency, the East Caribbean Dollar (XCD), pegged to USD.
These factors, combined with alternative citizenship, present individuals with a rich array of business and personal advantages. As the success and promise of the Anichi Resort & Spa attest, the island along with its CBI programme offers investment with unrivalled returns.