More and more people are choosing to invest in Dominica through its Citizenship by Investment Programme (CBI). We look at Dominica’s CBI Programme and the reasons why possible investors, high-net-worth-individuals (HNWIs), entrepreneurs and digital nomads are attracted to it.
For Middle Eastern entrepreneurs, Dominica offers a myriad of opportunities
Running a business across multiple countries and cultures can be a daunting task. Without the right strategy and approach, global businesses can face unexpected hurdles when trying to access multiple territories and markets.
The following considerations are important when running a global business:
- Understanding the nuances of international laws,
- local customs and cultures, and
- having access and mobility to various markets.
Digital nomads are contributing considerably to the changing landscape of businesses. This progressive lifestyle allows entrepreneurs to work from anywhere in the world, creating a flexible and cost-effective way to grow their businesses. As digital nomads move around the globe, they open up new opportunities for collaboration and access to resources that would otherwise be inaccessible. Additionally, by having access to a global talent pool, companies can find employees with the right skillset for their needs.
Additionally, it is important to understand the local regulations and laws of different countries when living in and running businesses from multiple locations. By understanding these factors, digital nomads can ensure a smoother transition into this lifestyle over the long term.
Startup investors and digital nomads are welcome to invest in Dominica
The Commonwealth of Dominica is making moves to become a hub for digital nomads and startups. The country’s Citizenship by Investment (CBI) Program is offering attractive incentives for tech entrepreneurs, digital nomads, and investors who are looking to live and work in the Caribbean. With its stunning landscapes, warm climate, and generous tax incentives, Dominica is an ideal destination for those seeking an escape from their busy lives.
Dominica has been a popular choice with its idyllic setting, stable governance and because it is close to the time zones of the United States of America. Plus, the Eastern Caribbean Dollar is pegged to the US Dollar.
Influence of the Middle East in Dominica
The Middle East is an increasingly influential player in the Caribbean region, particularly in the Commonwealth of Dominica. Through investments in infrastructure, technology, education, and tourism, the Middle Eastern countries have become a major economic force in Dominica and are providing valuable support to its citizens. As a result, Dominica has seen significant growth and development in recent years that have improved the quality of life for those living there.
Invest in Dominica via their Citizenship by Investment Programme
Launched in 1993, Dominica’s CBI programme has been ranked as the number one CBI initiative for six consecutive years by the CBI Index. This is a ranking system published by the Financial Times’s Professional Wealth Management (PWM) magazine. The CBI programme focuses on the overall quality and integrity of its applicants, as it only accepts individuals of outstanding character and repute. To ensure credible persons of excellent standing are granted citizenship, comprehensive due diligence checks are performed on all applicants aged 16 and over.
For those who meet Dominica’s citizenship requirements, the idyllic Caribbean island offers one of the best standards of living in the region. Dominica is politically and economically stable, with a low crime rate and rich investment opportunities. Nicknamed the “Nature Isle of the Caribbean”, it is also one of the most beautiful places on earth. Dominica boasts a pristine coastline, acres of unspoiled tropical rainforest, incredible marine biodiversity and a number of natural hot springs thanks to its volcanic origin.
Alongside the many advantages of living in Dominica, Dominica citizenship confers many benefits which include:
- Citizenship for life, with the right to live and work in the country
- The ability to pass on citizenship to future generations
- The right to hold dual citizenship
Applicants can choose between one of two investment options:
- A direct contribution to the country’s Economic Diversification Fund (EDF)
- An investment in pre-approved real estate
The funds generated from the EDF are used to support national growth. Especially in areas such as healthcare, education, infrastructure, and climate change.
Also Read: Real estate investment in Dominica
Is Dominica’s CBI Programme for all startup investors and digital nomads?
Dominica’s CBI Programme is good value for money for both startup investors and digital nomads. If you’re looking to apply for second citizenship and the multiple benefits that it offers, choose Dominica.
The programme is also a good fit for:
- Single professionals who want to broaden their horizons
- Families of four who would eventually like to add dependents such as grandparents
- Individuals looking to study abroad
- Digital nomads who want greater global mobility
For more information on how to invest in Dominica, contact us at CS Global Partners.