Roseau, Dominica: The demand for alternative citizenship has been witnessing a gradual hike after the halt imposed by the COVID-19 pandemic. The global health crisis has made people recognize the importance of a safe and secure economic future which boomed the economic citizenship industry.
Alternative citizenship offers true benefits to the investors as it facilitates them to grow their diameters and ease the process of mobility. Recently, many individuals around the world have renounced their citizenship in pursuit of more thriving economic possibilities that help afford them the lifestyle they prefer for themselves and their families. Many of these investors were from Asia, as only 65 percent of countries and territories in the region permit dual nationality.
Further, the Citizenship by Investment Programme of Dominica provides freedom of travel, making an investor a global citizen and allowing them to work and enjoy a peaceful and safe environment simultaneously.
With the increase in demand for alternative citizenship, the Caribbean countries are focusing on the programme by making it more robust and effective which includes multi-layered due diligence. The government is paying particular attention to background checks, making applicants and their dependents over 16 undergo multi-layered due diligence procedures.
The alternative citizenship of Dominica is proven to be the ultimate choice of investors who want to spend their lives in a mesmerizing, beautiful and peaceful country. The global citizenship industry itself is booming at a perfect pace and is poised to reach new heights in the next few years.
Launched in 1993, the CBI programme of Dominica is known as one of the longest-running and most secure in the world. An investor may apply for alternative citizenship in exchange for a financial investment toward the country’s socio-economic development.
The funds generated through the CBI Programme of the country highly contribute to the establishment of schools, hospitals, healthcare centres, roads, bridges and other infrastructures. The investments also assist the country in its efforts toward becoming the world’s first climate-resilient country. The government of Dominica has been highly investing in building a climate-resilient country that can withstand natural calamities such as Tropical Storms, category-5 Hurricanes and Cyclones.
The CBI-generated funds also provide financial freedom to Dominica from international aid. It also helps the country in becoming self-reliant and build back better after being hit by any natural disaster. Presently, the nation is self-sufficient to fight against any natural disaster, including category-5 hurricanes.
The government of Dominica has been working to provide climate-resilient infrastructure and to turn dreams into reality; it has been offering housing units to the families who lost their homes due to natural disasters, such as Tropical Storm Erika and Hurricane Maria in the year 2015 and 2017, respectively. The government has already provided over 1100 homes and aims to give more than 5000 housing units. Prime Minister Roosevelt Skerrit has vowed to facilitate every Dominican with a climate-resilient roof, and to achieve these goals; the administration has been working tirelessly.
Besides this, Dominica is also focusing on the development of other infrastructure, including bridges, roads, healthcare centres, as well as emergency shelters. Ahead of the Atlantic Hurricane Season 2022, the government of Dominica wisely utilized the funds from the CBI Programme and recently commissioned two emergency shelters to provide shelter to around 500 people.
Similarly, alternative citizenship offers lifestyle benefits. Popularly known as the Nature Isle of the Caribbean, Dominica is named as one of the world’s happiest places to live. The island offers a tranquil lifestyle within a safe, peaceful, and pristine environment as well as a culturally vibrant and friendly community. The cultural and traditional people of Dominica bring a local and friendly touch.
The island country is a tropical paradise and arguably one of the most beautiful places on the planet due to its beauty and preserved natural assets. It is blessed with hundreds of rivers, waterfalls, and rugged mountains covered in green and dramatic cliffs overlooking the turquoise sea.
The CBI Programme of Dominica offers an ocean full of benefits to the investors, including – accessibility to more than 75 percent of the world. The alternative citizenship of the country assists one in becoming a global citizen.
Alternative citizenship also opens the doors for numerous business opportunities that can help in wealth planning and portfolio diversification. Indeed, citizenship is a safe and secure Plan B to expand business at the international level.
Key benefits of the Citizenship by Investment Programme of Dominica to investors include:
•Open routes to a global market
•Opportunity to become a global citizen
•Add additional dependents under one application
•Offers numerous business opportunities
•An efficient platform for wealth planning
•Robust and vigorous due diligence
•Safe and secure environment
Interested investors can apply for the alternative citizenship of Dominica via two investment options – Economic Diversification Fund (EDF) and Real Estate Investment Option.
Economic Diversification Fund (EDF), also known as the Fund Option, helps in the social and economic growth of the country, including the construction of houses, houses, hospitals, health care centres, schools, and expansion of the tourism industry and agriculture. The minimum investment under EDF starts from USD 100,000.
Under the Real Estate Investment option, the individual must invest in any government-approved properties that can include hotels, spas, and villas. The minimum investment outlay is USD 200,000.
Dominica citizenship by investment programme is renowned across the globe for its strict, vigorous and robust due-diligence procedure. Transparent, multi-layered background checks are conducted by a third-party independent firm after receiving the application. Each application undergoes the due-diligence procedure so that only the credible, trustworthy and reliable investor gets the alternative citizenship.
Dominica, also known as Nature Isle of the Caribbean, is on the bucket list of travel enthusiasts because of its pristine sandy beaches, lush green mountains, and acres of unspoiled tropical rainforest. The beautiful country is a well-known destination for diving, hiking and aquatic sports in the Caribbean. The island country is politically and economically stable, with the lowest crime rate.
Dominica is famous for its rich culture and traditions diversity. A diverse blend of English, French, African and Caribbean peoples and cultures makes the nation more tranquil.