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Citizenship by Investment Program Enables Economic Recovery in Dominica

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Date Published: June 5, 2020 | Date Updated: August 13th, 2020
By June 5, 2020 August 13th, 2020 No Comments

In an endeavour to reduce unemployment in the country, the Government of Dominica uses funds from its Citizenship by Investment Program (CBI) to stimulate economic recovery for its citizens.

Established in 1993, Dominica’s Citizenship by Investment Program has been enabling carefully vetted global individuals and their immediate relatives to acquire second citizenship. The benefits of citizenship are obtained through either a contribution to the government’s Economic Diversification Fund or buying into selected real estate options, currently counting seven unique hotels.

Job Creation

The Citizenship by Investment Program drives foreign investment which helps create jobs in Dominica and improves employment standards on the island with the welcoming of new projects. During the construction phase of the CBI-approved hotels and resorts, over 1,000 jobs were created, and 900 permanent jobs will become available upon full completion.

“Citizenship by Investment continues to be a lifeline for Dominica as lives are changed,” is a sentiment often repeated by Prime Minister Roosevelt Skerrit.

So far, foreign investment has helped close to 4,000 Dominicans obtain work placements of which two-thirds were assigned to community projects and sponsored over 4,500 business owners.

In the agricultural and fisheries sector of the tropical island, the Dominica Citizenship by Investment Program supported 32 projects which led to a boost in employment through targeted training programs.

Global Recognition

The government-legislated program is one of the oldest in existence. It has been internationally recognized by experts at the Financial Times’ PWM Magazine for its high efficiency, affordability, and due diligence standards. Honouring the efforts, the publication’s independent report ranked Dominica as the world’s best offering for economic citizenship for the last three consecutive years.

Related Article: Best Citizenship by Investment Programs for 2020

Importantly, Dominica’s government transparency of usage of CBI receipts is often referred to as a model of how a CBI program should be managed. For over two decades, Dominica has had a stellar reputation within the economic citizenship industry, as foreign investors continue to choose the island’s Citizenship by Investment Program for its longevity, efficiency, and integrity.

Top Reasons to Invest in Dominica Citizenship:

  • Visa-free and visa-on-arrival travel to over 140 countries including the United Kingdom & Schengen states
  • No taxes on capital gains, gift, wealth and inheritance; no taxes for non-residents.
  • There is no need to renounce your current citizenship(s).
  • You make your investment after your application is approved, not before.
  • You can include your children up to the age of 30.
  • No interview, education or management experience required.
  • The Dominican passport is insurance for you and your family against unexpected personal, political or economic strife.

Apply Today

By booking a FREE online consultation with our team of experts, you will be able to determine if you are eligible to apply for Dominica passport and proceed with your citizenship application.

If you’re interested in securing Dominica citizenship and passport, let us guide you through this Citizenship by Investment Program. Protect the future of your family by investing in a second nationality and passport, get in touch with us now. +971 54 440 2955.

Source: Commonwealth of Dominica Citizenship by Investment Unit

Jeremy Savory

About Jeremy Savory

Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world’s leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe.

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