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Wednesday, July 1, 2020

C-Suite Lifestyle

Dominica CBI: The Dominica Citizenship by Investment Programme For CEOs, Business Leaders, and High Net Worth Individuals

For the past 3 consecutive years, the Commonwealth of Dominica has maintained its number 1 spot as the best Citizenship by Investment (CBI) Programme in the world. A second passport provides a plethora of new opportunities for travel, investment, and business ventures.

There are two options to obtain second citizenship from Dominica: contribute to a government fund or invest in pre-approved real estate.

The first option requires applicants to make a minimum contribution of US$100,000 to the Economic Diversification Fund. The fund route sponsors countless initiatives on the island, such as building 5,000 modern homes and upgrading the road network.

The second route asks CBI applicants to select a luxury hotel or resort listed on the CBIU website and invest at least US$200,000 in any of them. The real estate option is establishing an exciting ecotourism sector rooted in sustainability, privacy and nature immersion on the “Nature Isle of the Caribbean,” as Dominica is affectionately called.

Processing takes three months on average. They can pass the citizenship down and earn the right to forever live, work and study on the Nature Isle of the Caribbean.

Dominica is a member country of the British Commonwealth of nations meaning that Citizens of Dominica will reap related benefits. Benefits include: a strong passport that gives its holders visa-free access to more than 140 countries, such as the UK and Schengen countries.

Dominica’s Citizenship by Investment (CBI) Programme is particularly popular because of its low initial investment, relaxed travel and residence conditions, swift citizenship timeline, easy and straightforward processing, and high-quality lifestyle.

Dominica, officially known as the Commonwealth of Dominica, has become one of the most affordable and flexible Citizenship By Investment (CBI) programs available. A diverse blend of English, French, African and Carib peoples and cultures, Dominica is a politically and economically stable state with the lowest crime rate in the region. A $100,000 donation, or a $200,000 property purchase on the island, establish Dominican citizenship for the whole family, including children and parents.

  • Dominica – At A Glance
  • Area: 751 KM2
  • Capital City: Roseau
  • Population: 72,000 People
  • Official Language: English
  • Currency: Eastern Caribbean Dollar (XCD)
  • Key Economic Sectors: Agriculture and Tourism
  • Government Type: Unitary parliamentary republic

Passengers in airport business trip

Dominica Citizenship by Investment Programme Summary:
Minimum investment: $100,000
Dual citizenship: Option available
Visa-free travel: 139 countries (including UK, EU Schengen Zone, Hong Kong and Singapore)
Residency requirement: None
Processing time: 90 days
Right to live, work and study anywhere in Caribbean region

Passengers in airport business trip

Investment Options:

Option 1 – The Economic Diversification Fund (EDF)

  • Single applicant: US$100,000
  • Main applicant and spouse: US$175,000
  • Main applicant with up to three family members: US$200,000
  • Per additional dependant: US$25,000

Option 2 – Pre-approved Real Estate
Minimum investment: US$200,000 + Government Fees

  • Government fees for Single applicant: US$25,000
  • Government fees for Main applicant and spouse: US$35,000
  • Government fees for Family with up to four members: US$35,000
  • Government fees for Family with up to six members: US$50,000
  • Government fees for Family with up to seven or more members: US$70,000

You should hold the Real Estate for a period of 3 years and might be qualified for resale under the Citizenship by Investment Program which is 5 years after the date it is purchased.

Passengers in airport business trip

The Caribbean island of Dominica offers excellent citizenship opportunities for wealthy foreign nationals who are willing to invest in the nation. Established in 1993, the Dominica Economic Citizenship Program offers individuals dual citizenship and a second passport that allows holders to travel visa-free to 139 countries.

Ryan Miller

Ryan Miller

Global Assignment Editor
Ryan Miller is the Global Assignment Editor at CEOWORLD magazine. He covers anything and everything related to CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide, whether lists or lifestyle, business or rankings. During his five-year tenure at CEOWORLD magazine, he has employed his expertise in data science across several roles. Ryan was previously responsible for data modelling and analytics, as well as secondary research, on the CEOWORLD magazine Custom Research team. He can be reached on email ryan-miller@ceoworld.biz. You can follow him on Twitter at @ceoworld.