In this generation where people strive to get migration, having alternative citizenship with the benefit of globalization is what is the real meaning of security and safety for several people. Therefore, there has been a significant increase in nations that allow investors to apply for alternative citizenship in the last decades.
The smallest island in the western hemisphere, St Kitts and Nevis was the first country to launch the Citizenship by Investment Programme in 1984, which provides people and their families with a legal route to get alternative citizenship. Since then, many countries have developed their own citizenship programme that aims to help boost their respective economies.
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.