The Residences at Secret Bay, a luxury resort in Dominica approved as a property investment by the country's world-leading Citizenship by Investment programme, has reported that 27% of its CBI contracts in 2020 came from African nationals. Industry experts forecast the number to rise to 35% in 2021 as Nigeria, the continent's fastest-growing market, continues to seek second citizenship.
The Residences at Secret Bay, Dominica’s only six-star, award-winning, all-villa resort has completed construction on four new villas and is concurrently launching its Phase 2 sales, remaining true to its commitment to offering new citizenship investors buy-in of a ready villa.
Extending the property investment options for Dominica’s world-leading Citizenship by Investment Programme to eight, the nation’s Government approves brand-new real estate development, Timbo’s Downtown, a boutique resort that’s anticipated to become a hotspot for business lodgings and luxury leisure in Dominica.
When it comes to the Citizenship by Investment options on the global table, the Caribbean countries continue to lead the way offering affordable, fast, efficient and stable routes to second passport ownership. Couple this with global mobility, mainly Covid-free spaces, and an excellent quality of life, and it’s clear to see how these West Indies’ islands are giving other CBI countries a run for their money.
Global editors of National Geographic Travel have announced the 25 destinations they consider to be on the rise for 2021 across five areas, including Adventure, Culture and History, Nature, Family and Sustainability, with the Caribbean island of Dominica (aka the 'nature isle') selected for its adventure tourism that has simultaneously helped to fuel its climate resiliency.
According to fDi’s Tourism locations of the future ranking for 2019/2020, the top 20 nations considered to be ripe for investment include eight countries that currently offer Citizenship or Residency by Investment programmes. Another reason to invest via citizenship or residency, perhaps?
With the aim of reassuring tourists, residents and potential citizens as to Caribbean island Dominica's safety, the Discover Dominica Authority has unveiled a Safe in Nature campaign, providing managed experiences within a travel bubble that comprises everything from accommodation and transport to spas, restaurants and activities.
While applications for Dominica’s Citizenship by Investment programme have slowed during Covid, there's been no slowdown in the construction of the island's CBI-approved developments – eco resorts and hotels – all of which have continued construction at pace despite the pandemic.
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.
During a RIF Trust-led webinar on September 7 to discuss the benefits of Dominican citizenship by investment, the CEO of Dominica’s CBI-approved Secret Bay announced that as part of phase two of the award-winning eco resort’s development, four new two-storey villas would be ready by November 1, 2020.