While, predictably, the pandemic has triggered a sharp increase in demand for citizenship by investment, unpredictably, coronavirus has changed the who, why and where of the CBI landscape, with applicants from unexpected countries surging, reasons for economic citizenship changing, and some CBI countries really standing out from the citizenship crowd.
Following the release of the latest CBI Index, for 2020, the Caribbean countries continue to outrank the rest of the world with their long-running, competitively priced and highly regulated Citizenship by Investment Programmes, with Dominica coming top, closely followed by Saint Kitts and Grenada.
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.
Following this week’s Budget announcements for 2020-2021, Dominica is set to use the revenues made from its successful Citizenship by Investment (CBI) programme in order to build new housing, among other pinpointed public services including healthcare and education.
One of five Caribbean countries to offer a Citizenship by Investment program, Dominica has revealed that in the last few years it has spent millions of dollars on education, funded entirely from its Citizenship by Investment (CBI) program.