{"id":29764,"date":"2020-06-05T14:00:00","date_gmt":"2020-06-05T10:00:00","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/uncategorized\/citizenship-by-investment-program-enables-economic-recovery-in-dominica\/"},"modified":"2020-08-13T13:46:09","modified_gmt":"2020-08-13T09:46:09","slug":"citizenship-by-investment-program-enables-economic-recovery-in-dominica","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/citizenship-by-investment-program-enables-economic-recovery-in-dominica\/","title":{"rendered":"Citizenship by Investment Program Enables Economic Recovery in Dominica"},"content":{"rendered":"

In an endeavour to reduce unemployment in the country, the Government of Dominica uses funds from its Citizenship by Investment Program (CBI) to stimulate economic recovery for its citizens.<\/p>\n

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Established in 1993, Dominica\u2019s Citizenship by Investment Program<\/a> has been enabling carefully vetted global individuals and their immediate relatives to acquire second citizenship<\/span>. The benefits of citizenship are obtained through either a contribution to the government\u2019s Economic Diversification Fund or buying into selected real estate options, currently counting seven unique hotels.<\/p>\n

Job Creation<\/span><\/em><\/span><\/strong><\/h2>\n

The Citizenship by Investment Program drives foreign investment which helps create jobs in Dominica and improves employment standards on the island with the welcoming of new projects<\/strong>. During the construction phase of the CBI-approved hotels and resorts, over 1,000 jobs were created, and 900 permanent jobs will become available upon full completion.<\/p>\n

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\u201cCitizenship by Investment continues to be a lifeline for Dominica as lives are changed,\u201d is a sentiment often repeated by Prime Minister Roosevelt Skerrit.<\/em><\/p>\n<\/blockquote>\n

So far, foreign investment has helped close to 4,000 Dominicans obtain work placements<\/strong> of which two-thirds were assigned to community projects and sponsored over 4,500 business owners<\/strong>.<\/p>\n

In the agricultural and fisheries sector of the tropical island, the Dominica Citizenship by Investment Program supported 32 projects which led to a boost in employment through targeted training programs.<\/p>\n

Global Recognition<\/strong><\/span><\/em><\/h2>\n

The government-legislated program is one of the oldest in existence. It has been internationally recognized by experts at the Financial Times\u2019 PWM Magazine for its high efficiency, affordability, and due diligence standards.<\/strong> Honouring the efforts, the publication\u2019s independent report ranked Dominica as the world\u2019s best offering for economic citizenship<\/a> for the last three consecutive years.<\/p>\n

Related Article: Best Citizenship by Investment Programs for 2020<\/a><\/p>\n

Importantly, Dominica\u2019s government transparency of usage of CBI receipts is often referred to as a model of how a CBI program should be managed. For over two decades, Dominica has had a stellar reputation within the economic citizenship industry, as foreign investors continue to choose the island\u2019s Citizenship by Investment Program for its longevity, efficiency, and integrity.<\/p>\n

Top Reasons to Invest in Dominica Citizenship:
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