One cannot decide its place of birth, but where to lead a life, that is totally one’s own decision. For the citizens seeking alternate citizenship, the Citizenship By Investment(CBI) Programme provided by Dominica is a ray of hope for these individuals. The CBI Programme implies citizenship of a country is provided at an investment of a certain sum in that particular country. The decision regarding investment in a country is influenced by various attributes like the standard of living , political environment, and return on investment rates so as to lead a peaceful and successful life.
The so-called developed nations are struggling with ever-rising populations. The governments are under extreme pressure to fulfil the basic requirements. The citizens are being devoid of the amenities such as housing, hygienic environmental conditions, well-developed health and educational infrastructure. Moreover, the skyrocketing prices of properties have made owning a house a dream for many individuals in these nations. Despite having to spend millions, a peaceful life is far from the reality in these countries.
Therefore, the search for a better life can end by opting for the Citizenship By Investment Programme. It mutually benefits the host country and the prospective investors looking for better investment options and a peaceful country to reside in.
The Commonwealth of Dominica has been the most preferred country for investors to invest in. The refreshing environment, lesser crowd and great returns on investment have been magnetic for those seeking alternate citizenship.
It’s a global truth that Mother Nature always provides ways for those who search for a peaceful natural environment to spend their life’s precious moments in the lap of nature. Many beautiful islands and countries are surrounded by beautiful forests, beaches, and rivers where people find a peaceful vibe of nature’s beauty. It is the Nature Isle of the Caribbean – Dominica, where you can get the world’s best citizenship by investment programme under the Economic Diversification Fund (EDF) or Real Estate option.
Citizenship through the Economic Diversification Fund (EDF)
Dominica’s citizenship by investment programme is ranked the world’s best by the CBI Index of Financial Times’ PWM Magazine. In Dominica, investors can receive alternative citizenship by donating the US $100,000 to its Economic Diversification Fund, which is also known as the EDF. This programme has been designed to facilitate investors who seek better investment plans. It also helps those who come forward to donate towards national development, putting their efforts to provide a better life for their citizens affected by natural disasters. EDF is a government initiative that supports the development of the country.
As Dominica has faced many natural disasters so, rather than remaining silent, the government has taken many initiatives to provide better housing options, well-equipped speciality hospitals and healthcare centres, modern schools, attractive tourist places, etc. To turn their promises into reality, the Dominica government has introduced this fund that supports its citizenship by investment programme.
By contributing to this economic fund option, investors can earn secure, safe and versatile citizenship in Dominica. This is the best route to obtain Dominica’salternative citizenship, which will offer a chance to live a beautiful life in the heart of the Caribbean islands, where investors will get a great number of chances to start their own business in hospitality and can also be a part of the growing agriculture sector of Dominica. Apart from these benefits, many can also plan to invest in the emerging real estate sector that enhances the beauty and business values of Dominica.
The world is well known for the recent natural disaster Hurricane Maria occurred in the Caribbean islands in 2017 that affected many lives by destroying more than thousands of homes etc. Therefore, to support local communities and build hurricane-resilient houses, the Prime Minister of Dominica Roosevelt Skerrit took a revolutionary step by establishing the Housing Revolution programme.
With the help of this programme, the government will be able to provide secure and safe homes that can remain safe even in adverse weather conditions. It is a challenging step to rebuild communities and provide a better life from the very basics, but only a few countries and their governments take these types of inspirational decisions, and Dominica is one of them.
The capital which will be generated from this EDF fund will be utilized only for the country’s development. It will help in developing new schools and new houses by following a modern architectural approach so that in case of natural disasters, they can remain safe, modern sports complexes and hospitals to provide good healthcare facilities and education to the local and foreign communities, and many more.
What are the minimum requirements for the Economic Diversification Fund?
Dominica welcomes all citizens from across the globe to contribute to its development through its Economic Diversification Fund Option. And as return, the contributor or investor receives citizenship of this nature-blessed island of the Caribbean.
It is mandatory for investors to go through a due diligence procedure to obtain alternative citizenship. Internationally renowned vetting firm conducts multi-layer checks on each applicant to ensure complete safety and security of the programme. This also includes on-ground checks, financial documents such as proof of income and 10 years of financial history, source of funds etc.
The amount that is required for the citizenship process through EDF will vary as per the number of dependants mentioned in the application as the investors can add his/her dependants like family members including, spouses, children, parents, grandparents and siblings etc. The details of the required funds for the contribution to the EDF fund are as follows:
- For a single applicant, USD 100,000.
- If a spouse or any sibling (aged between 18 and 25) is added as additional dependant, USD 50,000 will be added as additional cost.
- If any other dependent, other than the spouse or sibling of the main applicant aged between18-25, is added; the cost will be additional USD 25,000 each.
- If you are applying for four members of your family, which include the main applicant, your spouse, and other dependants who are other than a dependant sibling, then you will have to contribute USD 175,000 through the EDF Option.
By contributing the above-mentioned funds to the Dominica government’s EDF, the investor will be eligible to obtain citizenship for themselves and their family for a better future in the lap of nature isle.