At the end of 2020, Dominica ranked second in National Geographic’s list of the 25 best countries in the world for travel. The ranking is based on five criteria: adventure, culture and history, nature, family, stability.
Separately, National Geographic noted Dominica’s tremendous success in recovering from Hurricane Maria in 2017. The island nation’s government has decided to make it the world’s first climate-resilient. To achieve this goal, Dominica develops a diversified economy and invests in the tourism industry.
Dominica’s economic phenomenon
Dominica’s economic success is highly dependent on the Citizenship-by-Investment Program. Only from 2017 to 2020, the country received $1.2 billion due to investors and issued 5,814 passports in exchange.
Thanks to this, Dominica’s economy maintains a leading position in the region and is rapidly increasing. From 2017 to 2019, the country’s GDP grew from 519 to $582 million.
Learn more about the program, its benefits for foreign investors, and the conditions for participation on https://migronis.com/en/dominica.
The Dominica program offers two options for obtaining citizenship:
- Donation to the Economic Diversification Fund (EDF) — at least $100,000.
- Investments in real estate — the minimum sum is $200,000. At the same time, there is a mandatory retention period of 3 years. But you will be able to resell the real estate acquired in this way only five years after the Dominican passport acceptance.
Each option has its own advantages. Donation is one of the cheapest ways to obtain citizenship in Dominica and other Caribbean countries.
Obtaining Dominica’s passport by buying real estate allows you to start a successful business in a country that attracts many tourists every year — even the COVID pandemic cannot make foreigners avoid the temptation to relax on the Caribbean coast. You can rent the acquired property out or invest in the resort development and receive a percentage of its profits.
In both cases, Dominican citizenship guarantees freedom of movement worldwide, life in an environmentally friendly and safe country that has successfully defended itself from COVID-19. As a result, Dominica is a stable future for the whole family.
The process of obtaining Dominica’s passport takes less than six months. The minimum requirements for investors are — no criminal record, a clean slate, and good health, the legality of investment funds, absence of the applicant in the sanction lists. And with the help of the Migronis company, there is no need even to participate in the procedure for obtaining citizenship — you just need to conclude an agreement with the company and collect the necessary documents. The Migronis experts will do the rest themselves.
Pay attention! In contrast with other companies, Migronis collects payment only after successfully completing the procedure for obtaining citizenship and guarantees post-immigration services.