"For the fourth consecutive year, the Commonwealth of Dominica has ranked first in the 2020 edition of CBI Index by Professional Wealth Management magazine — a publication from the Financial Times.
The Dominica Citizenship by Investment Programme was initiated by the Government of Dominica in 1993. For 27 years, this programme has offered a unique opportunity for qualified individuals with the inclusion of their families, to obtain a second passport through a cost-effective, hassle-free and timely process. Over these years the programme has evolved to increase efficiency and value to meet the needs of the market.
Some of these improvements throughout the years include:
- Implementation of the real estate option
- Reduced cost of citizenship
- The strengthened due diligence process
- Improved efficiency and reduced approval processing time frame
- Increased visa-free travel benefits
- Established offshore passport renewal services
- Implementation of an online portal to facilitate application submission
During the months of worldwide lockdown due to the COVID-19 pandemic, the Citizenship by Investment Unit (CBIU) operated remotely, allowing the seamless processing of applications.
In early July 2020, the Dominica Citizenship by Investment Unit updated the citizenship by investment regulations, allowing the
inclusion of more family members on one application. There is no age limit for parents or grandparents as well as any physically or mentally challenged children, once they are fully dependent on the main applicant. Applications can also include unmarried siblings up to 25 years of age.
Additionally, post citizenship applications of family members are allowed. Following the acquisition of citizenship, any children born thereafter can receive Dominica citizenship. If an applicant remarries, they can apply for citizenship for their new spouse. The Dominica Citizenship inclusion option is one of the key aspects which maintains a great appeal to the ever-evolving market.
On September 7, 2020, Professional Wealth Management magazine, a publication from the Financial Times, released their annual CBI Index which compares 14 active Citizenship by Investment Programmes globally. The prestigious study rated each programme under nine ‘pillars’ including two new pillars added this year, measuring family appeal and the programme’s certainty. Dominica scored maximum points in the aforementioned pillars as well as due diligence, ease of processing, lack of mandatory travel or residence and affordable minimum investment expense. The Dominica Programme is the #1 best CBI Programme for a fourth consecutive year.
“Emerging for the fourth consecutive year as the world’s best CBI Programme, Dominica balances an excellent reputation for meeting the needs of investors with strong due diligence, a low minimum investment outlay, efficient processing, and a renewed focus on family reunification,” the 2020 Index read.
Individuals around the world recognize Dominica as the finest option for themselves and family to secure their wealth, increase international mobility and gain access to more opportunities.
Anichi Resort & Spa, An Autograph Collection Hotel is an approved Government project under the Dominica CBI programme. Anichi Resort & Spa offers the purchase of preferred shares at
US$220,000 in an eco-chic, 5- star luxury resort developed by Oriental Developers (Caribbean) Ltd. This 128 sophisticated-room resort is
currently under construction and is to be completed at the end of the year 2021.
In addition to receiving Dominica citizenship, investors will earn yearly income and will be able to resell their shares after 5 years while they recover financial outlay and keep their citizenship.
