Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, September 08 2020 - 04:53
AsiaNet
Dominica Is the Best Country for Citizenship by Investment, FT's PWM Report Finds
ROSEAU, Dominica, September 8, 2020, /PRNewswire-AsiaNet/--

For the fourth consecutive year, the Commonwealth of Dominica ranked first in 
the CBI Index [https://cbiindex.com/reports ] — the most prestigious study into 
all active citizenship by investment (CBI) programmes in the world. On 
September 7th, Professional Wealth Management magazine — a publication from the 
Financial Times — released the new edition of the CBI Index, comparing 14 
programmes against nine so-called 'pillars'.

Dominica came first in the CBI Index yet again, scoring maximum points in six 
pillars, including the new ones added this year, measuring family appeal, and 
the programme's certainty. Other pillars Dominica scored top marks in include 
strong due diligence, ease of processing, lack of mandatory travel or 
residence, and affordable minimum investment outlay.

"Emerging for the fourth consecutive year as the world's best CBI programme, 
Dominica balances an excellent reputation for meeting the needs of investors 
with strong due diligence, a low minimum investment outlay, efficient 
processing, and a renewed focus on family reunification," the report reads.

Researcher James McKay makes good note of the recent changes to the definition 
of 'dependant' and post-citizenship additions under Dominica's CBI Programme 
[https://cbiu.gov.dm/faqs/ ]. He observes that Dominica offers one of the most 
sibling-friendly programme, which makes provisions for a wider age eligibility. 
Similarly, those who have already obtained Dominican citizenship via CBI can 
now add more dependants after the initial application, such as new-borns, new 
spouses, and pre-existing dependants.

Ambassador Emmanuel Nanthan, the Head of the Citizenship by Investment Unit 
(CBIU) in Dominica, comments: "We are honoured to be crowned once again the 
world's best country for citizenship by investment. CBI plays a major role in 
our economy and daily lives, and we work hard to maintain high standards of 
integrity, efficiency, and, importantly, a tangible impact on our population."

As regards how 'certain' Dominica's CBI Programme is, the researcher notes 
that, having been established in 1993, it has "stood the test of time". The 
report concludes that Dominica is "a highly reputable destination for second 
citizenship." Moreover, the report notes the island's welcoming environment: 
"countries like Dominica offer verdant nature, sunshine, clean air, and 
year-round access to lush fruit and vegetables."

Prime Minister Roosevelt Skerrit said: "For us, foreign investors who become 
our citizens through CBI are truly valuable partners. We are proud to call them 
our own and to offer them a truly spectacular place to call home."

Individuals and families wishing to obtain Dominica's citizenship must first 
pass a series of due diligence checks. Once successful, they can either make a 
minimum contribution of US$100,000 to the Economic Diversification Fund 
[https://cbiu.gov.dm/investment-options/economic-diversification-fund/ ]  or 
invest at least US$200,000 in pre-approved real estate 
[https://cbiu.gov.dm/investment-options/approved-real-estate-projects/ ].
 
Applications can only be submitted through an Authorised Agent 
[https://cbiu.gov.dm/dominica-citizenship/authorised-agents/ ]. Processing 
takes three months on average. In light of Covid-19, the CBIU has temporarily 
allowed Authorised Agents to submit applications online, with the original 
documentation required at a later stage.

www.cbiu.gov.dm 

cbiusecretary@dominica.gov.dm

Photo - 
https://mma.prnewswire.com/media/1249824/CBI_Index_Dominica_Infographic.jpg 

SOURCE: The Government of Dominica
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