Roseau, Dominica: The Commonwealth of Dominica is an island country situated in the Caribbean region, an island with around 80,000 people. The investment programme was started in 1993 and from then it has evolved to become the world’s number one, according to the CBI index of Financial Times published by PWM Magazine in present times.
Dominica is known for offering the best lifestyle for its citizens all over the world. The country offers two investment options – Economic Diversification Fund (EDF) and Real Estate Fund. Maximum citizens choose the option of EDF in which they have to contribute in the development of the country in order to attain the citizenship. Meanwhile, the second option is to invest in the real estate. The CBI Programme of the Caribbean country holds a lot of benefits for the citizens as infrastructure and other valuable resources are provided, with the help of funds collected by the programme.
Economic Diversification Fund
In Economic Diversification Fund, the investment is made to provide support to the government initiatives in various sectors, such as housing, healthcare, schools and other infrastructure. Under this investment option, a single applicant needs to invest US$100,000 for attainment of citizenship and the person can add US$50,000 to bring spouse. While for the family of four, the whole citizenship could be afforded with US$175,000.
In the real estate option, the investments are made into the government approved real estate projects. The minimum investment for this option is at least US$200,000.
Benefits of CBI Programme-
The Citizenship by Investment programme helps the applicants to enjoy their citizenship with the Commonwealth of Dominica. There are various benefits which come along with the second citizenship of the island country. The passport of the Dominica allows their citizen visa-free access to around 157 countries worldwide, which shows that the citizens of around 160 nations can enjoy their journeys to Dominica without any obligations.
Another benefit of the second citizenship of Dominica is that after getting the citizenship of a country, a person might wishes to pass on the citizenship to its future generations, if he wishes to. The Government of Dominica also doesn’t force its citizens to have a permanent residence in the country in order to continue with their citizenships.
The second citizenship has been provided in the shortest time, as compare to other countries. The time taken to complete the procedure of the programme doesn’t exceed 90 days which makes it quick and easy for the applicants.
It is worth mentioning that the CBI programme in Dominica has been ranked number one for five consecutive times by the Financial Times Professional Wealth Management magazine. The programme directly contributes towards economic boost and almost 55 percent of Dominica’s GDP is dependent upon this programme held by the country. CBI programme has made Dominica a reliable country to live and invest in, it also helps the island country to grow along with its citizens around the globe.