The International Monetary Fund predicts that Dominica’s annual GDP growth rate will reach 5% in the next five years
As Dominica recovers from the economic impact of the global new crown epidemic,International Monetary Fund (IMF)The country is expected to increase its gross domestic product (GDP) by 5% per year between 2022 and 2026. In a statement released last month, the organization praised the island nation’s “prestigious reputation”Citizenship by InvestmentPlan, which provides complete and distinguished Commonwealth citizenship,Dominica nationalityandDominica Citizenship by Investment, To qualified applicants; the success of this program will bring Dominica’s "hopeful" growth prospects in the next few years. As larger and more powerful countries continue to work hard to deal with travel restrictions and face strong opposition from companies and the economy caused by the blockade, small countries such as Dominica are adoptingInvestment citizenship programExpand its economy at an exponential rate. since2017 Hurricane MariaAfter devastating its economy, Dominica rebuilt from the ground up and insisted on usingInvestment citizenship programThe funds to build climate-resilient infrastructure that can withstand natural disasters, while building three hotels that integrate with the natural environment-Kabritz Kempinski Resort, Secret Bay, and Hilton Tranquil Beach Resort (article:The current construction status of the three major hotels in Dominica) To create lasting employment opportunities.
What is the citizenship by investment plan
Citizenship by Investment (CBI)Originated in the CaribbeanCommonwealth countries, Began to develop intoSaint Kitts and NevisIn 1984, a law was enacted to allow foreigners to obtain citizenship through naturalization by investment, and provide one-step access to passports.Citizenship by Investment (CBI)In 1993 byCommonwealth of DominicaIt has developed into the world's most complete and mature rapid investment naturalization program. Individuals and families from Asia, the Middle East, and high-end individuals from Russia can complete naturalization in only three months without having to log in to Dominica in person. Use the Saint-Queen Passport andDominica Citizenship by InvestmentIt can be visa-free from the European Union, Switzerland, Russia, Singapore and Hong Kong, and dual citizenship is allowed. Applicants can maintain their original nationality and enjoy all the rights of citizens of the second nationality. Dominica has been published by the experts of PWM magazine in the British "Financial Times" for five consecutive years. The annual CBI index report is rated asThe world's first,existImmigration Supervisor (Mandatory travel or residence),Minimum investment outlay (Minimum investment outlay),The process is simple (Ease of processing),Due diligence,Family friendly (Family),Plan stability (Certainty of Product)Six out of ten.
Economic Growth
Dominica’s income from the citizenship by investment citizenship program is allocated to the island’s national development projects, such as Nu SkinInternational airport, Climate-adapted housing, road improvements, hospitals and geothermal power plants. The International Monetary Fund stated: "These projects will accelerate growth in the short term during the construction phase, and will also increase potential output in the long term, including spillover effects from the tourism industry and reducing dependence on fossil fuels, all of which will increase Nick’s external sustainability and competitiveness".
Country/economic growth ratio | 2018 | 2019 | 2020 |
|---|---|---|---|
Commonwealth of Dominica | 2.214% | 7.571% | -16.605% |
St Kitts and Nevis | 2.700% | 4.800% | -14.400% |
Saint Lucia | 2.926% | -0.064 | -20.374 |
Antigua | 6.884% | 4.862% | -20.192 |
Dominica, St. Kitts, St. Lucia, and Antigua, the four most popular countries in the Caribbean, in 2019, Dominica’s GDP still maintained a high growth rate of 7.5711 TP1T, the highest among these four countries, in 2020 , Saint Lucia has the largest negative growth of -20.374%. Project ranking in the most recent issueCommonwealth of DominicaFirst for five consecutive years.
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Dominica citizenship by investment (CBI) program
- The Dominica citizenship program was established in 1993 and is one of the oldest naturalization programs in the world.
- Second PassportApplicants are not required to attend the interview
- Can handle immigrants quickly: the time is about 2-3 months
- For single applicants, this is the most cost-effective plan
- Identity can be passed on permanently to the next generation
- Click here for consultationreservation
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