(Dominica News Online) The Dominica Entrepreneurship Visa Program which is expected to be launched later this year, will expand business activity and create new jobs, according to Prime Minister Roosevelt Skerrit.
“Under the programme foreign investors who start a small business or invest in an existing business would be granted residence status,” Skerrit said during his Anou Palay programme. “The overall objective of this program is to widen Dominica’s economic base by expanding business activity and creating new jobs.”
He said his government was moving forward with this initiative “at a time when we must source new and creative ways to generate revenue and boost economic activity owing to the adverse impact on economies worldwide.”
Managing Partner of Advance Global Partners, Kenny Green who chairs the committee which is responsible for the program, said the initiative is not the same as the Citizenship By Investment (CBI) Program.