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Latest News
12 October, 2022

Investors receive over 1 million dollars and Dominica citizenship after investing in Secret Bay Resort

The Residences of Secret Bay resort is among the most prominent real estate projects in Dominica. It participates in the Dominica Citizenship by Investment program, which is considered the world's best.

More than a hundred investors have obtained Dominica citizenship thanks to this 6-star resort, known simply as the Secret Bay. Now the resort has paid them over 1 million dollars in a total return on investment.

We go over the factors that made Secret Bay — and Dominica citizenship — so attractive for investors.

Dominica citizenship by investment: best real estate to choose
Photo: Adobe Stock

The Residences of Secret Bay is a boutique eco-luxury resort near Portsmouth, Dominica. It is surrounded by the Caribbean rainforest and consists of six secluded luxury villas overlooking the ocean and the nature island. In 2022, Secret Bay Resort won the prestigious World’s Best Awards by Travel and Leisure magazine — it was named No1 resort in the Caribbean, Bermuda, and The Bahamas.

To participate in the Dominica citizenship by Investment program, investors have been buying Secret Bay shares. The resort was eligible for the real estate investment option of the program. Secret Bay has released data outlining the ear-over-year growth success of the project, including the significant return on investment for the shareholders.

From the fourth quarter of 2019 to the second quarter of 2022, Secret Bay had

  • 3,6% return on investment on average, which is approximately 1 million dollars. During the resort’s operating days, the ROI reached 7%;
  • 151% increase in investor numbers. The main spike happened between the second quarters of 2021 and 2022 — 41 investors turned into 103;
  • $857 to $1000 growth of the Average Daily Rate;
  • 215% increase in employees.

About the Residences of Secret Bay Dominica

Secret Bay Resort in Dominica will continue to sell shares and develop as a state-of-the-art resort. It is set to have 28 villas on the 16-hectare territory.

Right now Secret Bay has three private beaches, a spa, an open-air restaurant, a seawater pool, a fitness club, a daycare, an art gallery, and more. The ocean is only 50 meters away. The resort is built on a steep hill, but hiking trails make it easy to explore the premises — including the natural sea cave.

Secret Bay also has Green Globe Certification as proof of sustainability and eco-friendliness.

$208,000
Cost of a share in the Residences of Secret Bay Dominica

The investment program in Dominica is considered the best in the Caribbean and in the world. Financial Times’ PW Magazine placed it first in the Citizenship by Investment Index 2022. One of the program’s options is purchasing government-approved real estate.

In addition to the Secret Bay, Dominica has several high-end hotels and resorts where investors can buy a share and apply for citizenship.

7%
Maximum expected annual yield for real estate investors in Dominica

Real estate in Dominica that is approved for investment

5 Star Resort & Spa: Dominica Citizenship

Share or a villa in The Residences of Secret Bay Dominica resort. Price — from $220,000. Annual yield — up to 7%

How to get citizenship in Dominica by real estate investment

Share in a luxury coastal resort managed by Hilton. Price — $208,000. Annual yield — up to 7%

Dominica citizenship: Caribbean passport by investment

Share in a high-end 4-star hotel complex by the ocean. Price — $220,000. Annual yield — from 2%

How to get Dominica citizenship by investment 

Dominica citizenship by investment program has two options:

  • from $100,000 — contribution to the Dominica Economy Diversification Fund. The investment is non-refundable; 
  • from $200,000 — purchase of a government-approved real estate share. The investment can be refunded in 3 years, and before that — used for profit.

Investors can add their spouse, children under 30, and parents over 65 to the citizenship application. Parents, as well as children over 18, must be financially dependent on the investor.

Benefits of Dominica passport 

“Plan B”. Investors and their families will be able to spend as many days in Dominica as they need — living, working, or studying. Even if the borders are closed, Dominica citizens will be able to enter the country.

Travel mobility. Dominica citizens can travel to 144 countries visa-free. This includes the Schengen countries, China, Hong Kong, Singapore, as well as the UK — since Dominica is a part of the Commonwealth.

US visas for 10 years. Dominica citizens can get a 10-year B-1/B-2 visa to the US. With that visa they can stay in the States for up to 180 days a year, attend business meetings, travel, and receive healthcare services.

Tax optimization. Dominica citizens don’t pay taxes on dividends, interest, or royalties from abroad. There are also no taxes on capital gains or inheritance in the country. Dominica also has double taxation treaties with CARICOM countries.

Access to UK education. Dominica is a part of the Commonwealth. Therefore, Dominica citizens and their children can enroll in UK schools and universities.

Immigrant Invest is a licensed agent for government programs in the EU and the Caribbean. If you want to become a Dominica resident and buy property in the country, please consult investment program experts.

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Investors receive over 1 million dollars and Dominica citizenship after investing in Secret Bay Resort