Dominica Ranked As World’s Number 1 Country For Citizenship by Investment
Number one for 6 consecutive years, Dominica beat 11 other nations with active citizenship by investment programs and scored full marks in the areas of Minimum Outlay, Mandatory Travel or Residence, Ease of Processing, Due Diligence, Family, and Certainty of Product.
“The fast path to your plan B, Your Second Passport!”
Dominica has been ranked as the top Citizenship by Investment program for the sixth year running by the CBI Index, a publication from The Financial Times’ Professional Wealth Management magazine.
The extensive report compares and ranks all of the main Citizenship by Investment programs across the world including all the Caribbean programs, Jordan, Montenegro, Vanuatu, Turkey, Cambodia, Austria, Egypt, Bulgaria, and Malta.
The methodology behind the ranking takes into consideration nine different factors:
- Freedom of movement
- The standard of living
- Mandatory travel or residency requirements
- Ease of processing
- Due diligence
- Family, and certainty of the product
TOP BENEFITS OF DOMINICA CITIZENSHIP BY INVESTMENT
Dominican Passport Holders get visa-free access to 153 countries and territories worldwide. This represents 58.3% of the world’s wealth measured by GDP and 72.4% of worldwide travel popularity based on international visitors. The 153 total destinations include 132 countries and 21 overseas territories.
Dominica most recently signed a visa-waiver agreement with China giving Dominican Passport holders access to four of the world’s largest economies, alongside Germany, the UK, and France.
There is no wealth, gift, inheritance, foreign income, or capital gains tax in Dominica. As a citizen, you would only be liable to pay personal tax if you reside in Dominica, and this becomes your main tax residency.
- Applicants can open bank accounts with reputable banking institutions globally with the newly obtained passport.
- Nominal taxation, with no wealth, gift, estate, foreign income, or capital gains tax.
- There are no constraints over the repatriations of profits, as well as imported capital.
- Protection packages combine exemption from import duties, tax relief benefits, corporate tax incentives, and export allowances.
Dominica is often referred to as the ”Nature Island” of the Caribbean. With three national parks, this stunning island is immersed in nature, abundant with waterfalls, mountains, tropical forests, hot springs, glorious beaches, and 365 rivers. Dominica is one of the world’s most unspoiled islands making it the perfect paradise for the eco-tourism industry with several specialty resorts to choose from on the Island.
Whilst Dominica’s Citizenship by Investment program has no residency requirement and the entire application can be applied for remotely, many investors may still want to visit once they have obtained their citizenship to experience the beautiful country they have invested in. American Airlines recently announced they will be expanding their bi-weekly direct flights from Miami to Dominica to a daily service from April 2022. This is excellent news for the Island as it will no doubt help to attract even more tourists, especially those residing in the USA. It is also possible to catch a connecting flight to Dominica from some of the neighboring islands such as Barbados and St Lucia.
We Can Help With Citizenship by Investment In Dominica
Fast Passport Boutique is an expert in citizenship by investment. Get in touch with us today to get more information about getting an investor’s visa in Dominica.