NEWS PROVIDED BY Beacon Events

DUBAI, UAE, November 26, 2017 /PRNewswire/ —

The Commonwealth of Dominica was impacted significantly by Hurricane Maria, a category 5 storm leaving behind a trail of devastation and over 50,000 people displaced. Earlier this month, Prime Minister Roosevelt Skerrit gave the opening address at the Investment Immigration Summit East Asia in Hong Kong.

“What we would like to recognize is that literally days after the hurricane, our Citizenship by Investment (CBI) programme was back on the road. While we were receiving 200+ miles wind, stakeholders were processing applications because we were able to advance our programme to ensure that we utilize technology to enhance the effectiveness and efficiency of our programme.”

When asked about whether Dominica will follow St. Kitts and Antigua in the recent controversial reduction of its CBI programme prices, Skerrit replied, “the government of Dominica has not taken any decision in respect to this matter. What I would like to see though, for the long-term benefit of the programme, is for there to be a base price for all the categories within our programmes based on a gentlemen agreement, that we shouldn’t go below a particular price point.”

Prime Minister Allen Chastanet of St Lucia also made an appearance at the Investment Immigration Summit in Hong Kong. When interviewed by the Investment Migration Insider, he confirmed that St Lucia will be accepting other currencies as part of their CIP programme, and are looking at the possibility of getting their domestic bank, Bank of St Lucia, to open a branch in Dubai as part of the IFC. Chastanet hopes to have it up and running before the end of the year, if not, by early January. They will be looking at accepting the Euro and the Yen first, and possibly Bitcoin.

The investment migration industry is now looking towards the Middle East and North African region and hoping to tap into the potential of this market. The sister event of the Hong Kong Summit, the 4th Annual Investment Immigration Summit MENA (IIS MENA), is coming to Dubai on 25-27 February 2018. The conference and exhibition will offer the latest and most comprehensive information on investment immigration programs from around the world including the USA, European Union, Canada, the Caribbean, Australia and the Pacific Islands. It will showcase the latest content offerings for the local Middle East market, focusing on the alternative pathways to migration.

Other key topics at the Summit include the Common Reporting Standard (CRS) that the Organisation for Economic Co-operation and Development (OECD) developed in 2014, the latest trends for outbound investment migration in the MENA region, how to effectively manage and utilize dual citizenship, the relationship between wealth management, tax planning and citizenship by investment, addressing the global perception of citizenship-by-investment programs, and new investment programs entering the market.

The Summit will provide a platform for MENA migration agents along with High Net Worth representatives from the region, who have interests in overseas investment and migration opportunities, and are looking to secure a better future via the Citizenship by Investment and/or permanent residency options.

Enjoy a 10% discount on delegate tickets upon registration. Use promo code BD1057PR. Visit the website to view the full agenda and register for your delegate ticket: https://mena.investmentimmigrationsummit.com/

The 2-day conference with the workshop day will be presented in English. For further inquiries, email [email protected].

ABOUT INVESTMENT IMMIGRTION SUMMIT WORLD SERIES

Investment Immigration Summit World Series offers a unique angle which not only gives you unique access to the most updated information on the global investor market, intelligence on the latest trends driving HNWI interest but also the latest development in CRS and key tax strategies for the globally mobile while providing a platform for a comprehensive array of investment immigration programmes from around the world.

The last 12 months have seen huge changes in the political landscape around the globe. From Brexit to the US election among a number of notable developments such as the CRS, demand for better due-diligence on applicants and so on, there is need for a period of reflection across the investment immigration industry.

With an overview of programmes, updates on changes to process and regulation as well as expert insight into the climate for investment, geo political and economic drivers for HNWIs and the latest OECD requirements on Common Reporting Standards which all affect those seeking investment immigration opportunities, this conference offers a comprehensive update on the top investment immigration / citizenship-by-investment programmes worldwide, providing advisers, wealth managers and agents the information and tools that they need to give the best advice and strategies to their clients. For more information, visit our website on https://investmentimmigrationsummit.com/

ABOUT BEACON EVENTS

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Contact: Marie-Louise Adlercreutz, Tel: +971-4-338-5690

SOURCE Beacon Events

IMAGE: Prime Minister Roosevelt Skerrit of The Commonwealth of Dominica speaking at the Investment Immigration Summit East Asia in Hong Kong earlier this month. (PRNewsfoto/Beacon Events)
Photo: http://mma.prnewswire.com/media/610028/Beacon_Events_Investment_Immigration_Summit.jpg