Why Dominica is the Best Country for Second Citizenship
Whether for the luxury of visa-free or visa-on-arrival access to 140 countries, capital gain or the security of a backup plan, hundreds of thousands of people become dual citizens each year. And one of the most reputable ways to do so is through a process called Citizenship by Investment: an established program that allows individuals or families to obtain citizenship based on contributions to the economy, society, culture or other interests as authorized by a sovereign government.
For the fourth year in a row, The Financial Times’ subsidiary Professional Wealth Management has named Dominica the “Best Country for Citizenship by Investment in the World,” ranking the island’s Citizenship by Investment programme first in the CBI Index — the most prestigious resource cataloging all active CBI programmes across the globe. And The Residences at Secret Bay undoubtedly presents the nation’s most coveted and sound opportunity to achieve second citizenship.
Now, more than ever, Americans are seeking second citizenship at The Residences at Secret Bay for both an escape and an astute investment in a development with a ready product, proven financial performance and a competitive exit strategy. Catalysts include economic uncertainty and instability in the United States and a strong desire for global freedom by individuals and families.
And while Dominica’s COVID-19 recovery record is among the top 15 countries in the world, Prime Minister Roosevelt Skerrit recently announced that construction is now underway on a 40,000-square-foot, two-floor New Marigot Hospital Project, which will further modernize the island’s health infrastructure, entirely funded by CBI. This coupled with Dominica’s thriving natural environment and the country’s investment in clean energy and sustainability positions it as the fast growing economy in the Caribbean.
Below, discover the top six reasons why Dominica has consistently topped the Citizenship by Investment ranking for the world’s best programme and see why people from all over the world — especially the US — are finally claiming their golden ticket to the Nature Island.
1. Competitive Initial Capital Investment
Relatively speaking, compared to the fourteen other countries studied this year, Dominica is the most affordable. At US $100,000 direct donation or US $200,000 minimum investment in approved real estate, it’s much more accessible than other countries, which can reach the high-hundred-thousands to low-millions.
2. Travel & Residence Conditions
It’s not necessary to travel to or reside in Dominica before, during or after the citizenship process, making it much easier to complete the process on your own timeline.
3. Programme Reputation and Longevity
Dominica’s Citizenship by Investment Programme was established in 1993, making it one of the longest-standing programmes in the industry.
4. Efficient and Transparent Processing
Dominica operates a straightforward, streamlined processing model, maintaining one of the fastest processing times in the CBI industry with applications typically taking less than three months from start to finish.
5. Robust Due Diligence Procedures
Dominica uses regional bodies and international due diligence firms to ensure the highest levels of background checks are performed on each applicant.
6. Groundbreaking New Policy for Families
Dominica’s Prime Minister Roosevelt Skerrit recently introduced five major changes to the country’s CBI programme that include a significant expansion of dependent family members who can qualify for second citizenship as part of the same application or even after the receipt of citizenship.
When you’re ready to obtain second citizenship in Dominica, take a look at our limited collection of villas and villa estates in The Residences at Secret Bay, each featuring breathtaking rainforest and ocean views, expansive indoor-outdoor living spaces, well-appointed kitchens and stunning plunge pools. Your astute investment and six-star island escape starts here.