Geothermal projects through Dominica citizenship
Published at: 14/02/2019 11:00 am
The income from the Dominica citizenship by investment program helps the Caribbean island nation to become the "world’s first climate resilient nation”.
Dominica proudly owns one of the best citizenship and passport solutions, because the process is affordable, straightforward and fast.
The income from the citizenship scheme "not only accounted for more than half of government revenue but also more than a quarter of the country's economic activity overall", according to Prime Minister Skerrit.
In December 2018, the Energy Minister of Dominica introduced the government' plans to build a geothermal plant during 2019. According to the announcement, this will power 23,000 homes with the cleanest geothermal energy for ~90% of the entire population.
Thanks to the stable and constant flow of foreign investments, Dominica set long term objectives "that exceed sustainability expectations on a global scale", according to thinkgeoenergy.com
After the devastating impact of Hurricane Maria in 2017, the government launched the CREAD (Climate Resilient Execution Agency of Dominica) to consolidate sustainability support, raise funds and provide the necessary related services. Moreover, the Commonwealth of Dominica banned the use of plastic bags. The Housing Revolution programme to rebuild the homes after the hurricane was successful. It was also funded by the Dominica citizenship by investment programme.
Holders of the Dominican passport can travel in 127 countries visa-free, including the Caribbean and Commonwealth countries, and the Schengen Zone. There are no income, wealth or inheritance taxes and the process of obtaining the citizenship is only two months.