The Commonwealth of Dominica has reaffirmed its status as an industry leader, receiving top marks in the inaugural Citizenship by Investment (CBI) Index – a newly launched Special Report published by the Financial Times’ Professional Wealth Management (PWM) magazine.
Despite increasing competition in a growing market, Dominica placed first out of the 12 countries currently occupying the economic citizenship industry.
After receiving full marks in four of the seven factors evaluated by the Index, Dominica finished with an overall score of 90%, declared to be strongest in the following areas:
- Minimum Investment Outlay: The programme garnered a high approval rating in this segment, thanks to its affordable price-point of US$100,000 per applicant
- Ease of Processing: A perfect assessment was attained due to Dominica’s clearly outlined and streamlined procedures, which have been refined during the country’s longstanding history in the industry.
- Due Diligence Analysis: In addition to its thorough vetting procedures and extensive screening of an applicant’s source of funds, Dominica’s programme also collects fingerprints and other biometric data, and works internationally with partners and non-government organisations to perform online and on-the-ground background checks.
- Mandatory Travel Rules: Because there is no stipulation requiring an applicant to travel to the island to qualify for citizenship, the programme was adjudged to be tailor-made for time-poor applicants who travel widely for business and therefore cannot easily process their application face-to-face.
The full report can be downloaded at cbiindex.com.