The Commonwealth of Dominica should be on your list of future investments if you are looking for a sound and reputable real estate option with guaranteed returns.
Buying into one of the award-winning government-approved properties is also a gateway to Dominica's Citizenship by Investment (CBI) Programme. CBI enables vetted investors to purchase a share of the property in exchange for second citizenship.
The real estate option offers investors the opportunity to diversify their portfolios while making a significant return on their initial outlay.
For an investment of at least USD $200,000, you can call the ‘Nature Isle of the Caribbean’ home and own your own piece of paradise. Dominica is one of the world’s most beautiful locations and has some significant international brands on its shores including Marriott, Kempinski and Hilton.
Consider Secret Bay, which was named by Condé Nast in its Travellers Readers' Choice Awards as one of the top 40 list of resorts in the Caribbean, or Jungle Bay – which offers the quintessential mindful experiences through yoga and hikes to hidden waterfalls.
Dominican Prime Minister Roosevelt Skerrit has said that investors can be assured of a generous return on their investments as these projects cannot be compared to any other in the Caribbean.
The real estate must be held for either three years from the date citizenship is granted or, if the future purchaser is also a citizenship by investment applicant, five years from the date citizenship is granted.
Applicants must apply through an Authorised Agent, who will act as a go-between for themselves and the Citizenship by Investment Unit. The transaction occurs between the investor and the real estate developer in the form of a purchase and sale agreement. The applicant must also pay a government and due diligence fees.
Dominica is also home to a growing eco-tourism sector that has seen increasing interest in environmentally conscious travellers. The island has committed itself to sustainability and has even pledged to become the world's first climate-resilient nation in the world, a feat that continues to make significant strides with help from its CBI Programme.
There is no denying that the CBI Programme has offered Dominica a much-needed injection of foreign direct investment, often in a way that can make a significant developmental difference.
Dominica conscientiously utilises funds generated by its CBI Programme to realise its ambitions towards constructing climate-resilient infrastructure that can withstand natural disasters, while creating lasting jobs in construction and tourism.
Tourism in the country continues to generate a substantial portion of the island's income and investing in the pre-approved real estate options, the CBI Programme further boosts the sector. This option causes an increase in hotel room supply, which results in greater tourism inflows and spending benefits for small businesses.
The growth of CBI funded resorts and hotels is also in line with the UN's Sustainable Development Goals, a feat taken to heart by small nations like Dominica. All the CBI built hotels on the island channel a sustainability ethos. These retreats, backed by trusted brands, offer visitors a getaway that's intertwined with nature, with locally sourced foods, climate-resilient construction, and opportunities to wind down close to nature.
Dominica has one of the most established and reputable CBI programmes in the industry. Established in 1993, the Programme has been consistently ranked as the number one CBI initiative for six consecutive years by the CBI Index - a publication by the Financial Times Professional Wealth Management (PWM) magazine.
After successfully passing its multi-tiered and robust vetting process, successful applicants gain full citizenship for life with the right to live, work and study in the nation, as well as the ability to pass down citizenship for generations to come.
