Investments in Kabritz Resort Kempinski

Introduction & Fact Sheet

Dominica – The Nature Island

Dominica is a beautiful island in the Lesser Antilles region of the Caribbean Sea. It is located to the southeast of Guadeloupe and the northwest of Martinique. Dominica covers 290 square miles with the highest elevation point being Mount Morne Diablotins at 4,747 ft.
Dominica has a population of c. 72,000 with the vast majority of Dominicans being of African descent. There is also a small European origin minority as well as a handful of Lebanese, Syrians and Asians. The country’s official language is English.
Dominica is a parliamentary democracy within the Commonwealth of Nations and, since 1979, a member of La Francophonie. The island’s currency, the East Caribbean Dollar, is pegged to the US Dollar (USD 1 : ECD 2.7).
Striving towards its ultimate goal of national development, the Government of Dominica established the Economic Citizenship Program in 1993. The program has a long and reputable history. Those meeting the requirements of the program are rewarded with full citizenship, including a passport and the right to permanently reside and work in the country. One of the ways to obtain citizenship is by making an investment of US$ 220,000 plus associated government fees into a government approved real estate project.

Dominica Citizenship – Investor Benefits

Cabrits Resort Kempinski Dominica

Where Nature Meets Luxury

Given the annually increasing price for acquiring citizenship stipulated by the government of Dominica, it is projected that the investor may realize a capital gain when the investment is sold (especially if visa free access to Schengen countries is introduced). Based on income and capital gain projections, the investor is expected to receive an amount equivalent to the capital invested and all fees that were paid at the outset following the expiry of a mandatory 5-year hold period.

Dominica Real Estate Investment & Application Process

Overall investment including Application and Government Fees will be as follows for a family of four:

* Professional fees for citizenship processing, are payable for all applications and will vary depending on the number of dependents.

* Dependents below the age of 16 years old are not required to pay due diligence fees.

To maintain citizenship, investors are required to hold their qualifying investment for a period of three years. A subsequent investor may use the investment unit in support of an application for citizenship on the fifth anniversary of the original investors grant of citizenship.

Application Process

Step 1 – Reservation Form

The investor signs a reservation form and submits a deposit of $22,000 against the investment of $220,000 to secure their interest in the investment.

5 Stars Europe can assist the investor with selecting a service provider to process the application.

Step 2 – Application Forms & Document Submission

The investor collates the required documents (please see next page) and completes the required application forms with the assistance of their service provider. Processing fees and due diligence fees must be paid along with the application directly to the service provider. The investor will execute the Sale & Purchase Agreement at this stage.

Step 3 – Application Processing & Payment

Application processing takes approximately 90-120 days from filing an application. Within 7 days upon approval of the application, the investor will pay the remaining balance of $198,000 and applicable government fees and share registration fees. 5 Stars Europe will issue an Ownership Certificate to the investor.

Step 4 – Closing and Transfer

Proof of ownership will be submitted to the government and the Citizenship Unit will issue the Certificate(s) of Citizenship and subsequently Passport(s). This usually takes 3-4 weeks.

Dominica Citizenship & Passport Application

Required Documents

For each family member:

1. Form D1: For all applicants over age 16, Disclosure Form completed in duplicate
2. Application Form 12 completed in duplicate and sworn before a Justice of the Peace, Commissioner or NotaryParents or a legal guardian of applicants under age of 18 to sign Application Form 12 on a minor’s behalf
3. Form D2: For applicants over the age of 16, original finger prints to be Parents or a legal guardian of applicants under age of 18 to sign Application Form D2 on a minor’s behalf
4. For applicants over the age of 16, original police clearance certificates, or a similar document provided by a law enforcement agency, from country of birth and country of residence, country of citizenship and countries resided in for more than 6 months
5. For children between ages 12 and 15, a sworn affidavit by parent confirming that child does not have a criminal record
6. Form D3: Medical certificate completed by a registered medical practitioner, original HIV and other medical test results
7. Certified copy of Passport/s
8. Two certified copies of birth certificate
9. Certified copy of National ID card, if applicable
10. Certified marriage or divorce certificates where applicable
11. Certified copy of university/college diploma(s) where applicable
12. For applicants between ages 18 and 25, an original or notarized letter from university/college confirming enrollment
13. For all employed applicants, a letter of employment specifying current occupation
14. If the applicant is self-employed, the applicant must provide most recent incorporation documents: audited financial statement of the business, certificates of incorporation, trade license, share certificates, where applicable
15. Original professional reference letter by a lawyer or a chartered Referee should be acquainted with the applicant’s business/employment for at least three years
16. Two personal reference letters, not identical, not from a relativ
17. Original bank reference The applicant must be a client of the bank for at least two years
18. Original bank statements from an internationally recognized bank for past twelve (12) months, stamped by bank
19. Eight passport size photos (white background). Four are certified
20. Passport Application Form
21. For applicants over age of 18, driver’s license or affidav
22. Oath of Allegiance. Parents or a legal guardian of applicants under the age of 18 signs Oath of Allegiance on minor’s

Additional documents for the main applicant:

1. A detailed Resume
2. Letter addressed to the Honorable Minister responsible for Citizenship stating the reason(s) for applying for Dominica Citizenship
3. Sales and Purchase Agreement
4. Reservation Application Form
5. Affidavit of Financial Support per dependent over age of 18 (except spouse)
6. Address confirmation (Utility bill)
7. Power of Attorney