DOMINICA CONSOLIDATES REGULATIONS, UNDERSCORING THE PROGRAMME'S INTEGRITY
Roseau, Dec 20 (Bernama-GLOBE NEWSWIRE) -- In a proactive move demonstrating Dominica’s commitment to the integrity of its Citizenship by Investment Programme, the country has implemented watertight regulations to reinforce the legal framework of the Programme and its Unit. The new regulations are the next step in Dominica’s due diligence vision.
The new regulations strengthen the position of the Citizenship Unit, with the added support and oversight by the Committee, led by the Government’s attorney general. These new regulations formally protect the Government of Dominica’s ongoing commitment to due diligence. By consolidating its regulations into a single set of regulations that encompasses all aspects of the citizenship by investment process.
Dominica’s international partnerships are more important than ever to maintain, given the nation’s integral role as a leading member of the Caribbean Community (CARICOM), the Commonwealth of Nations and the Organization of Eastern Caribbean States (OECS).
In a step indicating Dominica’s multilateralism and deep commitment to its international partners, the nation builds on cross-country collaboration by denying citizenship to applicants who were denied any visa or right to enter the EU, UK, USA, or Canada, and to any other country that Dominicans can travel visa-free to.
The new regulations also enshrine into law information sharing between the CBI Unit and the Joint Regional Communications Centre (JRCC). This means that information sharing between CBI countries and other jurisdictions is, and will remain, paramount.
Therefore, Dominica continues to take a proactive approach in making sure international partners are kept apprised of the CBI process and advancing the due diligence protocols to ensure the country continues to meet international best practice. Dominica is ensuring all loopholes are closed and are strengthening every part of the Programme.
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