Cabrits Resort & Spa Kempinski, Dominica Luxury Real Estate US$220,000
Cabrits Resort & Spa Kempinski, Dominica takes its name from the adjacent Cabrits National Park. The resort is a luxury hotel featuring 160 rooms and suites with sea views and easy access to the natural wonders of Dominica. Indeed, the natural splendor of Dominica is world renown with over 1,200 varieties of plants, 365 rivers, boiling lakes, deep canyons and exotic wildlife found only on Dominica.
The Cabrits Resort & Spa Kempinski, Dominica is the result of a three way partnership between Range Developments, Kempinski hotels and the Dominica government. This symbiotic partnership combines the best developer of Caribbean citizenship by investment real estate with the Kempinski brand of luxury. Additional CBI property by Range Developments includes the award winning Park Hyatt St Kitts completed on November 1, 2017.
The 5 star luxury Cabrits resort is fully completed and all 160 units were initially sold out. However, limited resale inventory has recently become available on a first come, first serve basis.
Cabrits Kempinski, Dominica is a government approved CBI real estate development that qualifies under the Dominica economic citizenship program. As a result, successful applicants can purchase a resale share in the resort for a minimum of US$220,000 and receive a Dominica passport. Shareholders also receive 90% of the profit from operations pro rata.
Benefits of the Cabrits Resort & Spa Kempinski, Dominica Trust Structure
Ownership of the resort is structured into a limited partnership and real estate trust. This permits CBI investors to purchase a share of the hotel instead of freehold ownership. As a result, privacy of the investor is protected because their identity is not recorded in the Dominica Land Registry, in contrast with freehold ownership registration which is made public.
Indeed, freehold ownership of citizenship by investment properties priced in the US$220,000 range does not permit the owner to use the property year round, exclude others or mortgage the entire unit. As a result, the traditional benefits of freehold title are not applicable with CBI property ownership.
Investors can sell their share after a 5 year holding period (to a new CBI applicant) while retaining their Dominica citizenship in perpetuity. Also, by using the real estate trust structure, the investor is able to sell without attracting transfer taxes. This is an investment, as a result, share ownership is most advantageous.
|Item||Cost Family of Four|
|Cost of Share||$220,000|
|Government fees for main applicant, spouse and two dependents.||$35,000|
|Due Diligence Fees||US $11,500 (US $7,500 for main applicant and US $4,000 for spouse)|
|Share Registration Fees||$8,800|
|Government Processing Fees||$1,000|
|Certificate of Naturalization, stamp fees||$1,000 ($250 x 4)|
|Total Cost for Family of 4||$277,300|