The Caribbean nation of Dominica established diplomatic relations with Bangladesh at the end of 2020. The agreement will benefit both countries in different aspects of mutual interest.
Signed in New York by the Ambassador and Permanent Representative of Bangladesh to the United Nations, Rabab Fatima, along with Permanent Representative of Dominica to the United Nations, Loreen Ruth Bannis-Roberts, this agreement and the relations it has cultivated, are set to drive both countries towards greater prosperity and security.
This agreement facilitates the expansion of the export market and increases employment opportunities. It will also address several economic, political, social, cultural, scientific and humanitarian issues.
Fighting Climate Change Together
Both Dominica and Bangladesh are leaders in terms of climate change resilience. Bangladesh shares the vision to eliminate poverty and attain economic and social well-being for its citizens. This goal is set to be achieved through the country’s Climate Change Strategy.
Similarly, with a focus on climate resilience, Dominica has made great strides in recent years. Following a devastating hurricane in 2017, the country executed an action plan to ensure the Commonwealth of Dominica was well-prepared should another disaster strike the Caribbean island.
Dominica is an island lying between the French overseas territories of Guadeloupe and Martinique.
In March 2018, the Climate Resilience Execution Agency for Dominica (CREAD), funded by Canada, Dominica and the United Kingdom, was launched.
The 4-year mandate was aimed at driving the country towards becoming the world’s first climate-resilient nation. By developing and implementing a full Climate Resilience and Recovery Plan (CRRP) entailing large complex reconstruction efforts.
CRRP’s Five Result Areas for a Climate-Resilient Dominica:
- Strong Communities
- Robust Economy
- Well-planned and Durable Infrastructure
- Enhanced Collective Consciousness
- Strengthened Institutional Systems
Why invest in Dominica Citizenship?
Dominica is becoming an increasingly sought-after destination for foreign investment as the country continues on its path of development and industrialisation in crucial areas such as healthcare, education, housing and infrastructure.
Investors find the Caribbean territory particularly attractive as Dominica passport provides visa-free and visa-on-arrival access to more than 140 countries.
The program is based on the law and is guaranteed by the government since 1993.
Why is visa-free travel so important?
Visa-free travel is the capability to visit a country without having to complete lengthy visa applications. Nationals of a country can travel visa-free to another country if the governments of both countries have signed a visa-waiver agreement to that effect, or if the receiving country unilaterally opened its borders.
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This access opens doors not only to travel but also for business and investment. Dominican citizenship by Investment Program grants access to developed countries, including the Schengen area and essential business hubs in Asia such as Hong Kong, Singapore, Canada and the United Kingdom.
Benefits of Dominica Citizenship by Investment
- You make your investment after your application is approved, not before.
- The Dominican passport is insurance for you and your family against unexpected personal, political or economic strife.
- Visa-free and visa-on-arrival travel to over 140 countries including the United Kingdom & Schengen states
- No interview, education or management experience required.
- No taxes on capital gains, gift, wealth and inheritance; no taxes for non-residents.
- You can include your children up to the age of 30.
- There is no need to renounce your current citizenship(s).
Book a Free Consultation
Savory & Partners is a government-approved agency that specializes in high-net-worth individuals applying to any Citizenship or Residency by Investment program. We are a British Authorised Agent with decades of experience who has helped over 1,100 families obtain second citizenship and have a 100% success rate.
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