PR85453

ROSEAU, Dominica, September 8, 2020, /PRNewswire=KYODO JBN/--

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