Business View Caribbean | January 2020

4 BUSINESS VIEW CARIBBEAN JANUARY 2020 Dominica was awarded as one of the top countries receiving bespoke awards for ‘Hotel Development and Investment,’ ‘Incentives,’ and ‘Recovery’ by Investment (CBI) Program was at the very heart of the country’s remarkable recovery. CBI continues to support the island’s hope to become “the world’s first climate-resilient nation” as pledged by Prime Minister Roosevelt Skerrit and praised by National Geographic. Foreign investors can become economic citizens of Dominica only after they have passed a series of due diligence checks, which received the CBI Index’s seal of approval, published by PWM. They can either make a contribution to the Economic Diversification Fund or invest in pre- approved real estate. The latter includes luxury eco-resorts with exquisite wellness facilities that are building the foundation of Dominica’s burgeoning ecotourism sector. The FDI Strategy report notes that “wellness tourism is a key sector for Dominica, where services such as holistic massage, yoga, chiropractic care, coaching, Pilates, fitness and a range of spa facilities are on offer together with natural products and herbs.” The list of CBI approved hotels is limited and mindful businessmen are eager to invest. Should they successfully pass all security checks, they can call themselves proud Dominicans too and will have contributed to this resilient nation’s future.