The European Commission has officially announced visa-free travel for citizens of the Commonwealth of Dominica, among 19 Nations in the Caribbean, Pacific, and the Middle East added to the list of countries and territories exempt from the visa obligation.
In order to benefit from visa-free travel, citizens from the EU and the signatory countries must be in possession of a valid ordinary, diplomatic, service/official or special passport. Visa-free travel applies to all categories of persons and for any kind of purposes of travel (for instance tourism, cultural visits, scientific activities, family visits, business etc.), except to persons travelling for the purpose of carrying out a paid activity.
The decisions on the conclusion of the agreements will now be sent to the European Parliament with a view to obtaining its consent before they can be concluded. However, they will apply on a provisional basis as from 28 May 2015.
This is excellent news for flagship project the Cabrits Kempinski Dominica which was recently launched by Dubai-based developer Range Developments. The five-star resort has a Limited Partnership ownership structure which has been approved by the Commonwealth of Dominica government under the real estate option of the Citizenship by Investment Program. The Limited Partnership units are each valued at US $220,000. This structure allows ownership in the highest-end luxury property in Dominica for a minimum investment.
Dominica has been named as one of the world’s happiest places to live and offers an easy lifestyle within a safe, peaceful and pristine environment with a culturally vibrant and friendly community. With no residency requirement and no wealth, inheritance, foreign income or capital gains tax, Dominica is fast attracting new citizens from around the world.
Applications are currently being processed in 3 to 4 months and in some cases a lot quicker.