While applications to Antigua & Barbuda’s successful citizenship by investment programme have continued throughout the pandemic, the numbers of applications have only recently returned to what they were pre-coronavirus, according to the Caribbean nation’s Citizenship by Investment Unit.
As Dominica continues to build its luxury hotel eco-tourism sector and prioritises the building of its international airport, much of this funded by its successful Citizenship by Investment Programme, Caribbean Airlines begins regular flights for the first time between Barbados and Dominica, with four flights per week to run by mid-October.
If well executed, a Citizenship by Investment Programme (CIP) can, and does, bring countries much-needed investment to help boost economic growth, create jobs and fund development. And with the negative effects of the pandemic taking hold, such programmes could become even more of an economic lifeline.