Dominica Becomes the Newest Caribbean Citizenship Hotspot
Investors Eye Dominica’s Citizenship by Investment Program
The small island nation of the Commonwealth of Dominica is gaining new attention due to its citizenship by investment program. Dominica has long been a hidden slice of paradise in the Caribbean’s Lesser Antilles archipelago, often confused with the better-known Dominican Republic. Dominica’s lovely rainforest and pristine waters continue to attract discerning people on holiday but now the island’s embrace of entrepreneurs is bringing Dominica even more international attention.
Dominica’s citizenship by investment program (CIP) dates back to 1993, making it one of the first of its kind. It provides the opportunity for international investors to gain a second citizenship that will provide them access to visa-free travel to over 120 countries. Ease of travel to so of the world’s business hubs offers additional opportunities for investors and their families.
Over the years, Dominica has refined and streamlined their application process to make it easier for investors. Meanwhile, their minimum investment threshold of $100,000 per applicant keeps citizenship within reach for a range of international businesspeople.
Dominican Prime Minister Roosevelt Skerrit said, “We invite individuals and families from around the world to invest in our country. In exchange, we promise to provide you with citizenship of the Commonwealth of Dominica – a status that comes with opportunities aimed at transcending borders in a continually globalising world.”