Dominica Hosts CIPA Meeting

On 15–16 December 2016, Dominica was the proud host of the December 2016 Citizenship by Investment Programmes Association (CIPA) Meeting. The CIPA is composed of five nations: Dominica, St Kitts and Nevis, Grenada, Saint Lucia, and Antigua and Barbuda, each of which have adopted citizenship by investment in their laws, and developed programmes to attract investment into their nations.

The CIPA was created out of a desire to improve due diligence checks on applicants. Reminiscing on the first CIPA meeting in St Kitts and Nevis, Mr Thomas Anthony, Head of the Antigua and Barbuda Citizenship by Investment Unit, said that key areas of focus included applicant requirements, documentation, and background checks.

This month’s CIPA Meeting, the fifth-ever meeting of its kind, was held at the Fort Young Hotel in Roseau. It was attended by Minister Francine Baron, who delivered the keynote speech on behalf of our Prime Minister, Dr the Honourable Roosevelt Skerrit. Minister Baron, who is responsible for the Ministry of Foreign Affairs and CARICOM Affairs, highlighted the need to endeavour to better the citizenship programmes, and to institute uniform regulations. “While our efforts have been laudable in following best practice and in maintaining strict due diligence procedures, it is to our benefit to strive always for enhanced systems and practice. If we are to truly embrace an integrated approach with our programmes we need to think and act in unity and this can only be effectively achieved if we have a single standardized regulatory system; one that amalgamates the very best of the five islands,” noted the Minister.

Ambassador Emmanuel Nanthan, who heads our Citizenship by Investment Unit, said that this meeting would also look outside the Caribbean, to ways in which the system of “worldwide agents and promoters” could be improved.

READ MORE Пятница Декабрь 23rd, 2016