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Dominica: A league of its own

Filed on September 6, 2020

Investors who become economic citizens of the nation can rest assured that their contribution is going towards the betterment of their adoptive country while they reap the tangible benefits.

Small island it may be, but Dominica's impact is anything but. Located in the Caribbean, sandwiched between Guadeloupe and Martinique, the Commonwealth island has become a popular destination in recent years amongst eco-conscious travellers. However, there's another demographic that the island has been attracting for nearly three decades.

Since 1993, Dominica has been operating its popular Citizenship by Investment (CBI) Programme. The initiative enables foreign investors and their families to acquire citizenship once making an economic contribution to the island. There are two channels of investment available under the programme - a one-time non-refundable investment into the Economic Diversification Fund, or buying into selected pre-approved real estate options. Investors who opt for the real estate route have a variety of international brands to choose from including Hilton, Marriott and Kempinski, alongside unique boutique eco-resorts.

Revenue generated from the Programme has gone towards significant national development projects on the island, including supporting Dominica's vision of becoming the world's first climate resilient nation. Following Hurricane Maria in 2017, the Programme has helped build over a thousand weather-resistant and affordable homes, sponsored the construction of a geothermal plant and funded eco-tourism on the island. Funds have also gone towards strengthening Dominica's healthcare sector and sending its youth to study overseas in countries like Canada, the US, and the UK.  

In exchange, successful applicants who pass the necessary security requirements gain access to a wide range of benefits. This includes visa-free or visa-on-arrival travel to nearly 140 destinations, increased business opportunities, and the invaluable option to pass down citizenship for generations to come. As one of the oldest programmes on the market, Dominica's CBI Programme has remained a strong choice for foreign investors seeking a route to second citizenship. For the last three years, the Programme has been recognised internationally as the world's best offering for second citizenship, as ranked by the annual CBI Index - an independent study conducted by the Financial Times' Professional Wealth Management magazine.

While the investment migration market is continuously growing with more countries implementing their own programmes, Dominica's CBI remains a trusted option with longevity and integrity on its side.

Dominica
Officially the Commonwealth of Dominica, this beautiful island boasts pristine sandy beaches, lush green mountains, acres of unspoiled tropical rainforests, and some of the best diving and hiking in the Caribbean. A diverse blend of English, French, African and Carib peoples and cultures, Dominica is a politically and economically stable state with the lowest crime rate in the region. In addition, Dominica recognises dual citizenship.

The Economic Citizenship Program offers applicants a wealth of benefits and privileges:
.    No residency requirements.
.    Inclusion of dependent children under 30.
.    Inclusion of dependent parents and grandparents over 55.
.    No education or managerial experience required.
.    Visa-free travel to over 125 countries.


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