Dominica’s Citizenship by Investment (CBI) remains in demand in the Middle East. Earlier this month, Ambassador Emmanuel Nanthan, the Head of the Citizenship by Investment Unit, spoke with London-headquartered government advisory CS Global Partners about why Dominica remains a popular choice with investors of good moral character.
Nanthan said that Dominica is very protective of whom it allows to become its citizen and to run a CBI Programme as successful as Dominica's, it takes "relentless commitment to due diligence."
"An applicant must be of high moral character and present a clean source of funds," Nanthan said. "We have applications that come from Asia, the Middle East, the Americas, Europe, and Africa."
Last year, the Financial Times' Professional Wealth Management magazine ranked Dominica as having the best CBI programme in the world. The Nature Isle has held on to its number one position for three consecutive years.
Dominica opened an embassy in Abu Dhabi at the start of the year. It serves a growing number of individuals from the United Arab Emirates obtaining Dominican citizenship through the CBI Programme.
With regards to why applicants hope to be approved for Dominican citizenship, Nanthan said: "Obviously, this is a beautiful country." He added that Dominica offers safety, stability and security, is well-respected internationally, with good diplomatic relations, especially with fellow Commonwealth countries.
Should applicants successfully pass all the due diligence checks, they then make a qualifying investment to complete their citizenship application. They can either contribute directly to a government fund or invest in pre-approved real estate.
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