Dominica Citizenship by Investment Programme: 4 Factors Determining its Reliability

7 February 2022 | Tags: Citizenship by Investment Program

Investors wishing to obtain a second citizenship by investment in real estate are faced with the task of finding not only the best investment offer in the immigration market, but also choosing the most respectable citizenship programme, which serves as an additional guarantee of a suitable and profitable investment. Find out four key factors that make the Dominica Citizenship by Investment Programme reliable.

1. Dominica citizenship programme is time proven.

The Government of Dominica launched the citizenship programme in 1993, initially offering only one investment option: obtaining citizenship in exchange for a non-returnable investment in the country’s economy. In 2014, due to the growing demand in the industry, the option of obtaining citizenship by real estate investment was added.

In 2017, an online portal was launched to facilitate the acceptance of citizenship applications. This helped Dominica’s Citizenship by Investment Unit during the 2020 coronavirus crisis to work remotely while continuing to accept and process applications. According to official statistics for the fiscal year (from July 1, 2019 to June 30, 2020), a significant number of applications were approved, which confirms the high interest in the citizenship programme even during the pandemic.

28 years of non-stop operation of the Dominica Citizenship by Investment Programme has allowed the Government to hone all work processes and build an impeccable reputation for adherence to high standards in an ever-changing immigration market.

2. Thorough due diligence of applicants.

The long-term success and integrity of the Dominica Citizenship by Investment Programme is ensured by the fact that the Dominica Government has always prioritized accepting investors with impeccable reputation, no criminal record, and legal sources of wealth.

Dominica citizenship applicants go through multi-level screening through international databases including Interpol and international security agencies. Additionally, the world’s best due diligence firms review documents submitted when applying for citizenship, and also assess the reliability of the applicant for the absence of risks associated with reputation, money laundering, corruption, terrorism and political sanctions. An integrated approach to the selection of candidates protects the prestige of the citizenship programme and the country’s reputation. Learn more about the due diligence process.

3. Impact of the Dominica citizenship programme.

The Dominica Citizenship by Investment Programme plays a significant role in the country’s economy, and for almost three decades has proved its practical value in the development of the island and the transformation of the life of its residents.

• Job creation. The Dominica Government announced that more than 1,000 jobs were created during the construction phase of the approved citizenship by investment hotels, and approximately 900 permanent jobs are expected to be created after construction will be finished. In February 2020, foreign investment has helped 3,896 Dominicans to obtain jobs, of which two-thirds were in the field of community projects. The citizenship programme has funded over 4,500 business owners and supported 32 projects in the island’s agricultural and fisheries sector, resulting in increased employment through targeted training programmes.

• Climate resilience. In order to minimise potential threats due to global warming, in 2017, the Prime Minister of Dominica announced the government’s policy of modernising the island’s infrastructure and planning to become the world’s first climate resilient nation by 2030. The funds received from the citizenship by investment programme are invested in many capital projects: construction of resilient roads and bridges, flood defence walls along riverbanks, modernisation of infrastructure, schools, sport facilities and residencies. In 2021, 6 state-of-the-art wellness centres were opened, named after Dominica’s distinguished nurses, and a new hospital in the community of Marigot was completed. Part of the capital goes to the development of information technology, tourism, agriculture, manufacturing, and other industries that contribute to the economic wellbeing of the island.

The Government of Dominica consistently emphasizes its commitment to the citizenship by investment programme and plans for the development of the island, which serves as an additional guarantee of its successful work in the future.

4. World recognition

Immigration experts recognize the Dominica Citizenship by Investment Programme as the best option to obtain citizenship by investment in the world:

• In 2016, the Dominica citizenship by investment programme received an award in the category “Best Caribbean Citizenship Programme” at the Russian Global Citizen Awards.
• In February 2017, Dominica ranked second among 12 citizenship and residency programmes in the Arton Index rating compiled by Arton Capital.
• According to the Professional Wealth Management, a publication of the Financial Times, for the fifth consecutive year from 2017, the Dominica’s Citizenship by Investment Programme ranked first in the CBI Index rating of investment Citizenship programmes. Additionally, it is the only citizenship programme to achieve for the second consecutive year the highest score for the certainty of the product.

Dominica citizenship by investment programme key benefits

The Dominica Citizenship by Investment Programme combines low costs, minimal investment with the speed of processing citizenship applications and a vigorous due diligence of applicants. The timeframe for obtaining citizenship is approximately 3-4 months. Read more about all the benefits of obtaining citizenship and why investing in a luxury real estate like Anichi Resort & Spa is attractive.