Dominica, the country considered the best in the world for Citizenship By Investment (CBI), is now accepting CBI applications submitted online. The adjustment was introduced to contain and prevent the transmission of the novel coronavirus. The Dominican Citizenship by Investment Unit (CBIU) has now moved its operations remotely.
Authorised agents can submit clients' applications online, while the physical originals will be required at a later stage. The online submission would allow for the mandatory security checks to be carried out. Dominica is known for having some of the strictest due diligence standards of all CBI programmes in the world, which earned the country its reputation for integrity.
The most direct and affordable route to Dominican citizenship is to contribute to the Economic Diversification Fund (EDF). This is a government fund used to sponsor transformative projects across the island. Economic citizens' contributions to the EDF have enabled Dominica to, among others, modernise its road network, build new public housing, invest in green energy and rehabilitate the countless natural sites across the island. Prime Minister Roosevelt Skerrit calls CBI Dominica's "lifeline".
Alternatively, those who wish to obtain Dominica's valuable citizenship can invest in pre-approved real estate, which comprises luxury resorts and hotels.
The sparsely populated rainforests covering the island are home to a diverse flora, exotic fruits, hot springs, waterfalls, rivers and hiking trails, surrounded by sperm whales and an enchanting marine life. The Financial Times' fDi Intelligence believes that Dominica, also known as the 'Nature Isle of the Caribbean', is one of the top tourism destinations of the future, specialising in ecotourism and wellness.