Majority of people looking for migration, having second citizenship with the facility of globalization is what one usually calls security and safety. Consequently, there has been a continuous spike in nations that accept alternative citizenship over the last several decades.
Pioneered by St Kitts and Nevis in 1984, the Citizenship by Investment Programme (CBIP) provides applicants, along with their families with a legal path to alternative citizenship. From then, several nations have stepped on to a similar route by developing their own citizenship programme which aims to help develop their respective economies further.
But one of the most lauded and popular economic citizenship programmes is the Dominica Citizenship by Investment Programme. With a perfect score in six of the nine pillars evaluated by the CBI Index, Dominica CBI achieved an 89% overall result, making it consistently number 1 for five consecutive years.
The CBI Index is yearly published by the PWM Magazine of Financial Times. Dominica has been consecutively topping the charts since the Index was launched in 2017. The report lauded Dominica for its multi-layered due diligence, and all applicants and their dependants over sixteen undergo the same level of scrutinization and background checks.
The Dominica Citizenship by Investment Programme has become the most efficient option for investors seeking mobility, opportunity, and security.
To safeguard investors and preserve the programme’s integrity, the government established the Citizenship by Investment Unit. The CBIU manages the process and ensures that the investors and qualified dependents are of good character.
Dominican citizenship offers global mobility, dual citizenship, numerous business opportunities, and the ability to live a fun and relaxed lifestyle on the “nature island.”
Meanwhile, the funds generated by the CBI have been highly significant in the country’s goal to become the world’s first climate-resilient nation. Accordingly, the Government of Dominica has strategically allocated funds to transform, improve, diversify, and build back better. The Dominica Citizenship by Investment Programme has become a beacon of light and a safety net for the country’s future generation.
From housing to education to tourism to transportation and socio-economic projects, the Government of Dominica is fully committed to pursuing growth strategies to attain sustainable development.
The government of Dominica aims to build over 5,000 climate resilient homes; around 1100 are already constructed and distributed among the beneficiaries. Prime Minister Roosevelt Skerrit promised to rebuild better with climate-resistant housing, roads, bridges, and infrastructure after Hurricane Maria inflicted extensive damage in 2017. The goal is to make Dominica the world’s first climate-resilient country by 2030.
As the 2022 Atlantic Hurricane Season started from 1 June 2022 onwards, the government commissioned two emergency shelters Jimmit and Castle Bruce. The shelters are equipped with massive water and food storage departments that will help people in times of emergency.
Currently, there are many projects under construction in Dominica, including the most massive International Airport, which is funded by the citizenship by investment programme. The airport will be completed by 2024 and connect the island country of Dominica with the world at large. After completion, the country will get direct connectivity to Europe, the United States, and many other places around the world, easing the travel experience.
