Industry News

Dominica’s CIP Plays a Crucial Role in the Community

Dominica’s CIP Plays a Crucial Role in the Community

Dominica’s Citizenship by Investment Program (CIP) creates a positive impact on its citizens, its economy, and its nation.

From a mission to build the world’s first climate resilient nation, to creating thousands of jobs for their citizens, Dominica’s CIP is making a significant impact on building the nation’s economy, increasing infrastructure durability, but most importantly, changing the lives of the people in their community.

According to Dominica’s Prime Minister, Roosevelt Skerrit, their CIP will bring in an additional EC$ 406.6 million to the country’s revenue by next year, and EC$ 5 million to the 1-year National Health Insurance pilot, which has so far provided 16 children in Dominica with critical medical care overseas.

The funds will also be used for a Housing and Resettlement project, which will address the standard of living of the local population following Hurricane Maria. 5000 hurricane-proof homes are planned to be built, with the first 1000 already contracted for construction. Designed to withstand Category 5 hurricanes, the ambitious project is another step towards providing the citizens of Dominica a peace of mind, and a safe place to call home.

Despite the stormy seasons, Dominica has also seen immense growth in the tourism sector thanks to the development of world-class resorts and hotels funded through their CIP. Kempinkski, Jungle Bay Resort and Spa, Marriott’s Anichi, and Hilton’s Tranquility Beach, to name a few, collectively offer nearly 1,000 citizens with employment, and ultimately encourage their economy.

Pristine sandy beaches, lush green mountains, acres of unspoiled tropical rainforests, and some of the best diving and hiking in the Caribbean, this island is named a Natural Treasure for good reason. With a diverse blend of English, French, African and Carib peoples and cultures, Dominica is also a politically and economically stable state with one of the lowest crime rates in the region. As the popularity and demand of Dominica’s CIP increases, the opportunities and benefits to both investors, and the population, also continue to grow.


Dominica simplifies and lowers its program fees

Dominica simplifies and lowers its program fees

2017-08-29
2017-08-29

Dominica simplifies and lowers its program fees

Dominica’s Citizenship by Investment Unit published amendments today on its fee schedule. For a period of

Dominica
New Application Requirements for Dominica CIP

New Application Requirements for Dominica CIP

2017-06-02
2017-06-02

New Application Requirements for Dominica CIP

The Dominica Citizenship by Investment Unit has announced that it’s waiving certain document

Dominica
Dominica Improves CBI program

Dominica Improves CBI program

2016-12-09
2016-12-09

Dominica Improves CBI program

The government of Dominica has announced a series of significant improvements in its CBI Program.

Dominica
Dominica CIP remains competitive

Dominica CIP remains competitive

2016-07-28
2016-07-28

Dominica CIP remains competitive

During the annual Dominica Government Budget Address, the Prime Minister, Hon. Mr. Roosevelt Skerrit, announced

Dominica