Dominica CIP remains competitive

• Posted on Jul 28, 2016
• In Dominica

During the annual Dominica Government Budget Address, the Prime Minister, Hon. Mr. Roosevelt Skerrit, announced that the investment requirements for its Citizenship by Investment Program will not be increased, despite the market expectations. The minimum threshold will remain at $100,000 for a single applicant in donation to the National Development Fund (NDF). Thus, Dominica will preserve its championed position as the most cost-efficient economic citizenship program and will remain at the top of the investors’ lists.

Hon. Mr. Skerrit was proud to reveal that the Citizenship by Investment Program has so far managed to raise more than $200 million in Foreign Direct Investment, proving the unprecedented capacity of this alternative investment vehicle to attract sustainable inflow of foreign capital. The funds channeled through the NDF have been of vital importance to the country and have to a great extent facilitated the recovery after the tropical storm Erika, which left Dominica and many of its inhabitants in a critical condition.