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March 17, 2021

Dominica opens three health centres funded by CBI program

Prime Minister Dr the Hon. Roosevelt Skerrit has announced that three health and wellness centres opened in Dominica last week. The Marigot health centre, the Georgetown health centre and the Bellevue Chopin health centre are part of the 12 health centres funded by the country’s Citizenship by Investment (CBI) programme, with eight now near completion.

The Marigot hospital, due to be completed next month, will be fully equipped with an operating theatre, ICU, in-patient wards, A&E, labs and x-ray services and a dialysis unit.

“We have recorded several accomplishments, all with the specific goal of enriching and improving the lives of Dominicans, we officially opened three health and wellness centres,” said PM Skerrit. He also highlighted that the government has been managing the CBI funds “prudently” by using them to pay national debts, meet current expenditure, and sustain public sector projects.

Thanks to reputable foreign investors wishing to become Dominican citizens in exchange for an economic contribution, the island has managed to build sufficient monetary reserves to sponsor extensive rehabilitation and modernisation of the country. This ranges from rebalancing the ecosystem and investing in sustainable energy to fixing and reinforcing roads, bridges, and natural sites.

Besides the Economic Diversification Fund (EDF) option, investors can also buy pre-approved real estate to participate in the CBI Programme.

Unveiled in 1993, the Economic Dominica Citizenship programme is not only one of the most established in the industry, but in recent years has been considered to be one of the best citizenship by investment programs across all criteria, from price through to processing and freedom of movement. It is also known for being one of the world’s most efficient and transparent options for economic citizenship and plays a major role in promoting social and environmental causes, and especially that of sustainable development.

According to the CBI Index 2019 (Financial Times), “Dominica emerged once more as the country with the world’s best citizenship by investment programme, combining extensive due diligence with efficiency, speed, affordability and reliability”.  

For more information on Dominica’s CBI Programme, contact our Preferred Partner Caribbean Commercial & IP Law.