ROSEAU, DOMINICA- After a pause of two years due to the COVID-19 pandemic, the demand for economic citizenship has increased gradually following its popularity.
In the wake of the global crisis, people started worrying about their future and understood the importance of alternative citizenship.
As a result of alternative citizenship, people have access to resources and facilities that facilitate their growth and mobility. People around the world have recently renounced their citizenship in pursuit of economic opportunities that help them afford the lifestyles they prefer for themselves and their families. The majority of these investors were from Asia since only 65 percent of countries and territories in the region allow dual nationality.
Investors in Dominica have been granted citizenship and freedom of travel, allowing them to live in peace, safety, and a peaceful environment.
Increasing interest in alternative citizenship is driving Dominica to strengthen and improve its citizenship program. Applicants and their dependents over 16 are subjected to multilayered due diligence procedures as part of the government’s emphasis on background checks.
Investments in Dominica have proven to be the perfect choice for those looking to live in a mesmerizing, beautiful, and peaceful country. Global citizenship is booming at an unprecedented pace and is expected to reach new heights in the near future.
Dominica’s CBI program, which was launched in 1993, is one of the most secure and longest-running programs in the world. Investors can apply for alternative citizenship in exchange for financial investments to support the socio-economicdevelopment of the country.
Through the CBI Programme of the country, funds are generated that help establish schools, hospitals, and healthcare facilities, as well as assist the country in becoming the first climate-resilient country in the world. To develop a climate-resilient nation that can withstand natural calamities like Tropical Storms, category-5 hurricanes, and cyclones, the Dominican government has invested heavily.
Dominica benefits from the CBI-generated funds as well as freedom from international aid. Additionally, it helps the country become self-sufficient and rebuild after natural disasters. Currently, the nation is self-sufficient to combat any natural disaster, including category-5 hurricanes.
As part of Dominica’s efforts to build climate-resilient infrastructure and turn dreams into reality, the government has offered housing units to families who lost their homes due to natural disasters, such as Tropical Storm Erika and Hurricane Maria in 2015 and 2017.
Over 1100 homes have already been built by the government, and more than 5000 units are planned. The administration has been working tirelessly to ensure that every Dominican is provided with a climate-resilient roof, as promised by Prime Minister Roosevelt Skerrit.
Furthermore, Dominica is also focused on developing other infrastructure, including bridges, roads, healthcare centers, and emergency shelters. Recently, the government of Dominica commissioned two emergency shelters to provide shelter to approximately 500 people in advance of the Atlantic Hurricane Season 2022.
Alternative citizenship also offers lifestyle benefits. Dominica is often referred to as the Nature Isle of the Caribbean. It is ranked as one of the happiest places on earth. With pristine surroundings, a safe, peaceful, and pristine lifestyle, as well as a vibrant, friendly culture, this island offers the best of both worlds. Dominica is a cultural and traditional island with a friendly and welcoming atmosphere.
A tropical paradise, the island country is one of the most beautiful places on earth thanks to its beautiful scenery and preserved natural resources. It is home to hundreds of rivers, waterfalls, rugged mountains covered in green, and dramatic cliffs that overlook the turquoise sea.
With Dominica’s CBI Programme, investors have access to more than 75 percent of the world. By becoming a citizen of an alternative country, one becomes a global citizen.
Also, alternative citizenship opens up a variety of business opportunities that can assist with wealth planning and portfolio diversification. Citizenship is an effective and safe plan B when it comes to expanding your business internationally.
An investor who invests in the Citizenship by Investment Program of Dominica will benefit from the following:
(1) Open routes to a global market, (2) Opportunity to become a global citizen, (3) Add additional dependents under one application, (4) Offer numerous business opportunities, (5) Portfolio Diversification, (6) An efficient platform for wealth planning, (7) Robust and vigorous due diligence, (8) Safe and secure environment.
The Economic Diversification Fund (EDF) and Real Estate Investment Option are two investment options that investors can choose from if they are interested in pursuing the alternative citizenship of Dominica.
Economic Diversification Fund (EDF), also called Fund Option, aids in the development of the national economy by constructing houses, hospitals, health care facilities, and schools, and expanding the tourism industry and agriculture. To participate in EDF, a minimum investment of 100,000 USD is required.
Individuals who choose the Real Estate Investment option must invest in government-approved properties such as hotels, spas, and villas. Investment outlays of USD 200,000 are required.
Dominica’s citizenship by investment program is renowned across the globe for its rigorous due-diligence procedures. After receiving the application, a third-party independent firm conducts transparent, multi-layered background checks. An alternative citizenship application is only granted to the most credible, trustworthy, and reliable investor after it undergoes a due-diligence process.
With its pristine sandy beaches, lush green mountains, and acres of unspoiled tropical rainforest, Dominica is a travel enthusiast’s dream. In the Caribbean, the country is a well-known destination for diving, hiking, and aquatic sports. Politically and economically stable, the country has the lowest crime rate in the world.
The rich culture and traditional diversity of Dominica make it one of the most famous islands in the world. The nation’s diverse blend of people and cultures, including English, French, African, and Caribbean, makes it a peaceful and tranquil place for everyone.