Dominica’s world-leading Citizenship by Investment programme is set to up its global mobility ante with 28-35 more countries expected to be added to its passport by year-end making a second passport from this Caribbean island a very attractive proposition.
This is according to Dominica’s Prime Minister Dr Roosevelt, who in a statement during a recent webinar titled Dominica Citizenship by Investment: Redefining Wealth, Safety and Travel for Nigerians, stated that “by the end of 2021, the visa-free and visa on arrival access to Dominican’s would certainly increase 20-25%”.
Currently, a second passport from Dominica offers visa-free and visa on arrival access to more than 143 countries giving those who acquire citizenship of the Caribbean nation via its highly successful Citizenship by Investment programme the ability to travel and do business more freely and without restriction. This is particularly true of African citizens whose own passports may have visa-free access to a lot less countries.
Dominican citizenship currently provides access to developed countries including the entirety of the Schengen region of Europe and Asian business hubs like Singapore and Hong Kong, as well as the UK and Canada.
Dominica building on strength of passport
Dominica has certainly been building on the strength of its passport in the last decade. From just 80 destinations in 2010 to 141 countries in 2020, Dominica has made a great stride increasing the visa free travel to all citizens.
Just in the last 10 months, Dominica has moved up two places in the passport ranks, according to the Global Passport Index, to becoming the 35th most powerful passport worldwide. And this year, the Caribbean nation established diplomatic relations with Bangladesh, an agreement that is set to benefit both nations. Uzbekistan introduced visa waiver for 20 more countries from 2020.
Despite this, Dominica’s passport strength currently remains behind most of the other Caribbean CBI countries with Saint Kitts and Saint Lucia offering visa-free access to 13 and three more countries, respectively.
The news of an increase in visa-free access of 20-25% by the end of 2021, therefore, certainly makes Dominica’s citizenship by investment programme more competitive on the global mobility front.
PM Skerrit stated that Dominica was enhancing its diplomatic presence in several countries, including in the Middle East, and that Dominica’s visa-free access to China was expected to be approved, but had been delayed due to the COVID-19 pandemic.
Dominica Citizenship by Investment Programme
Introduced in 1993, Ranked the world’s best CBI Programme for the fourth consecutive year, according to the latest CBI Index 2020, Dominica’s longstanding Citizenship by Investment programme, at 27 years old, is widely considered to be one of the world’s most efficient and transparent CIPs, combining extensive due diligence with efficiency, speed, affordability and reliability.
Offering rapid relocation, with just 45-60 days application processing times, and the cheapest CBI cost at US$100,000 (along with Saint Lucia and Antigua & Barbuda), Dominica’s CBI programme is not just competitive, it’s winning.
Recently, Dominica extended its ‘dependent’ clause in its CBI Programme to include a wider range of family members, including grandparents and adopted siblings. Dominica furthermore reduced the qualifying fund contribution for a family of four from US$200,000 to US$175,000, comprising the main applicant, their spouse and two dependants other than a sibling.
Its investment in real estate option requires a minimum investment threshold of US$200,000 with plenty of government-approved real estate and business opportunities to invest in, including the most recent addition, Timbo’s Downtown, a boutique resort. https://cbiguide.com/dominica-eighth-property-citizenship-investment/
Considering Dominica citizenship by investment?
Anyone considering citizenship by investment in Dominica should speak to the experts at Caribbean Commercial and IP Law Practitioners LLP.
Officially appointed by the government of the Commonwealth of Dominica as registered second passport agents of Dominica’s Economic Citizenship programme, Caribbean Commercial and IP Law Practitioners LLP can guide you seamlessly through the entire process.
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