CBI Index 2021: Dominica continue to be a leader in Citizenship by Investment industry

Saturday, 21st August 2021

CBI Index 2021: Dominica continue to be a leader in Citizenship by the Investment industry

Citizenship by Investment Programme of Dominica once again is on top of the CBI Index. The Financial Times' PWM magazine released their CBI Index 2021, declaring Dominica the champion for the fifth consecutive year in a row. It scored six out of the nine pillars of excellence. For the first time in the history of the CBI Index, Dominica is sharing the top spot with fellow Caribbean nation of St Kitts and Nevis. Dominica has once again proven itself to be the industry leader by being on top for five years in a row. The CBI Index is a yearly report released by PWM Magazine, a publication of the Financial Times. Click here to view CBI-Index-2021 The CBI Index 2021 report gave Dominica scoring in nine pillars, designed to check the ability, excellence and other aspects related to Citizenship by Investment Programmes across the world. Over 14 countries across Asia, Europe, the Caribbean and the Middle East offer "Economic Citizenship" Dominica left all these countries behind for the fifth time and continue to lead the way in the industry of Citizenship by Investment. The report remarked modifications to the definition of dependants and post-citizenship extensions under Dominica's CBI Programme in 2020, which allow applicants to add newborns, children aged 30 and under, new spouses, siblings, parents and even grandparents. Click here to view CBI-Index-2021 Nine pillars of CBI Index 2021

Freedom of Movement
Standard of Living
Minimum Investment Outlay
Mandatory Travel or Residence
Citizenship Timeline
Ease of Processing
Due Diligence

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Scores in Nine Pillars of CBI Index[/caption] Background Citizenship by Investment Programme of Dominica was introduced in 1993; after all these years in the industry, it is well-known for being the most efficient transparent route to economic Citizenship. The CBI of Dominica is also playing an important part in supporting environmental causes, mainly sustainable development. The country reshaped the programme under the Citizenship by Investment Regulations 2014. The process allowed it to diversify the investment options and include stricter regulations processes. Click here to view CBI-Index-2021 Modifications Changes to the Programme in 2020 modified investment thresholds and fees and significantly expanded the scope of eligible dependants and post-citizenship additions. Investment Options

Economic Diversification Fund (EDF)- The investment option requires a total contribution of US$100,000 for a single applicant. The value increases. Additional family members are added to an application.
Real Estate- The investors must contribute to government-approved real estate; the investment must be valued at at least US$200,000. A single applicant must pay an additional US$25,000 real estate government fee. The real estate must be held for three years, which increases to five years if the future purchaser is also an applicant for CBI. Other applicable fees include due diligence, minor processing and Certificate of Naturalisation fees.

Funds invested in the EDF have been effective in Dominica's nationwide growth, mainly through the reconstruction of critical infrastructure, sustainable housing and the agricultural sector. The country is also constructing its first "International Airport" fully funded by the Citizenship by Investment Programme. The billion-dollar worth project shows the contribution. Click here to view CBI-Index-2021 [caption id="attachment_34349" align="aligncenter" width="513"]

Dominica International Airport[/caption] Who qualifies for the Citizenship by Investment Programme of Dominica? To qualify for Dominica's CBI Programme, applicants must have a clean criminal record and prove they are of good character through a series of extensive due diligence checks, including regarding the source of funds. By regulation, the Unit must respond to an application within three months of its submission, helping it maintain one of the fastest processing times in the CBI industry. Click here to view CBI-Index-2021 Application Process The application process in Dominica is straightforward, with no interview, travel or residence requirements, either before or after the citizenship process. Applicants need not learn English nor show a minimum level of education or business experience. Significant benefits of Dominica CBI Benefits of Citizenship of Dominica include visa-free travel to more than 140 foreign destinations, dual Citizenship and the opportunity to experience an eco-friendly lifestyle in a lush environment. Under the new guidelines, several family members can join the main applicant and become citizens themselves, newborns, children aged 30 and under, new spouses, siblings, parents and even grandparents [caption id="attachment_36992" align="aligncenter" width="477"]

Climate-resilient housing project, Dominica[/caption] Dominica has been using the Citizenship by Investment Programme funds in a very transparent manner. The country is working towards becoming the world's first climate-resilient nation by constructing climate-resilient infrastructure and more. The CBI funds are assisting the country in building over 5,000 homes that are capable of fighting any natural catastrophe. Besides this, CBI funds are helping the country construct additional health care centres, hospitals, schools, hotels and more. Click here to view CBI-Index-2021