What makes Citizenship by Investment Programme of Dominica world's number 1

Citizenship by Investment Programme of Commonwealth of Dominica has been the "economic citizenship" leader for several years. Launched in 1993, it is the most transparent and efficient CBI across the world. The programme is not only building a nation, but it is assisting thousands of others in fulfilling their dreams. The CBI Index 2021, published by Financial Times' PWM Magazine, has again awarded Dominica the "World's Number 1 CBI" tag for the fifth consecutive year. The index gives a detailed data-driven review of the world's Citizenship by Investment Programmes. Click here to view CBI-Index-2021 Currently, over fourteen countries across the Caribbean, Middle-East, Europe, and Asia are offering the Citizenship by Investment Programme; Dominica by, leaving behind all countries in the list, has once again held the top position. However, there is only one difference in the CBI Index 2021, where Dominica shares the top position with sister nation St Kitts and Nevis. Dominica scored the best in all nine pillars of excellence established by the CBI Index 2021. The report emphasized that Dominica continue to be the most affordable and transparent CBI Programme, not to mention the biggest increase in visa-free and visa on arrival access in two years. Click here to view CBI-Index-2021

What is Citizenship by Investment Programme Citizenship by Investment or Economic Citizenship is a legal route to obtaining a country's citizenship by making a particular amount of investment into a country's development. The investment could be made into a government-approved real estate or a government-held fund. Citizenship by Investment Programme of Dominica Launched in 1993, the Citizenship by Investment Programme of Dominica starts from a minimum investment of USD 100,000. Citizenship by Investment Unit of Dominica offers two investment options, Economic Diversification Fund and Pre- Approved Real Estate. Click here to view CBI-Index-2021 Economic Diversification Fund: It is a government fund that generally supports the social-economic activities in the country. The minimum investment starts from USD 100,000 for a single applicant, inclusive of the due diligence and processing fees.

Single applicant -USD 100,000
Spouse of the main applicant - USD 50,000
Siblings of the main applicant or of the spouse aged 18-25 - USD 50,000
For every additional dependent (except the spouse of the foremost applicant and siblings of the main applicant or of the spouse aged 18-25)- USD 50,000
The total costing for a family of four (excluding siblings of the main applicant or of the spouse) is USD 175,000

Pre-approved Real Estate: An applicant is required to make a minimum investment of USD 200,000 onwards into a government-approved real-estate project. As per their requirements, the property must be held for at least three years. The government fee and due diligence are charged separately. Following is the government fee structure on a Real Estate Citizenship by Investment Application:

Fee cost for a single applicant- USD 25,000
Fee cost for a family with up to four members (the main applicant and up to 3 dependents, excluding a dependant sibling)- USD 35,000
Larger families, with up to six members, including the main applicant and up to 5 dependents (excluding a dependant sibling)- USD 50,000
Bigger families with up to seven members or more, consisting of the main applicant and at least six dependants- USD 70,000
Siblings of the main applicant or of the spouse aged 18-25- USD 50,000
Siblings of the main applicant or of the spouse aged under 18- USD 25,000

Benefits of Citizenship by Investment Programme of Dominica

Global Mobility: Citizenship by Investment Programme allow recipients to expand their boundaries and travel freely within 140 countries and territories.
Full Citizen rights: All recipients of citizenship under the economic citizenship programme are entitled to full citizen rights, including the right to live, work, a study in the country, just like ordinary citizens.
The ability to pass on citizenship: The major benefit remains to be the ability to pass on the citizenship to future generations.
No residence requirements: Recipients are not required to remain in the country for a particular time after gaining the citizenship
Dual Citizenship: Dominica does not require people to give up their previous citizenship, and dual citizenship is allowed.
Only 90- days of processing: The standard processing time is only 90 days; it is among the swiftest programmes the world offers.

Due Diligence Even the CBI Index Report 2021 gave Dominica full marks in this sector. The country takes the security of its people as an utmost priority. All applicants and dependents over the age of sixteen are subjected to third-party background checks to ensure no illicit individual is granted citizenship. [caption id="attachment_37024" align="aligncenter" width="469"]

Due diligence remains utmost priority for Dominica[/caption] Transparency The Citizenship by Investment Programme of Dominica continues to be the most transparent. The government of Dominica is utilizing all funds generated by CBI towards the development of the country. In fact, it is also assisting the island country in becoming the world's first climate-resilient nation. Click here to view CBI-Index-2021 Over 5,000 climate-resilient homes are being by the government of Dominica through the Citizenship by Investment funds. Besides this, the country's largest and most extensive project, "The International Airport", is being constructed by using the CBI funds. Prime Minister of Dominica Dr Roosevelt Skerrit, in his weekly Anou Pale show, mentioned that the government did not want to put any additional pressure on its citizens.

What makes Citizenship by Investment Programme of Dominica world's number 1

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