Dominica continues to attract investors, particularly from China, the Middle East, and now possibly India, as it positions itself as a safe, eco-friendly haven for global citizens
Dominica, a Caribbean nation, has launched a unique initiative to rebuild after the devastation caused by Hurricane Maria, offering citizenship in exchange for investment, reported businesstoday.in.
Through its citizenship-by-investment program, Dominica aims to create a climate-resilient future without relying heavily on external aid or accumulating debt. For a minimum investment of $200,000 (around Rs 1.7 crore), wealthy individuals, including Indians, can obtain citizenship and contribute to Dominica’s ongoing recovery efforts.
Despite its benefits, the program has faced scrutiny over the vetting process for new citizens, raising concerns about transparency. Nonetheless, demand remains high, driven by the appeal of greater mobility and visa-free travel to over 140 countries.
Originally launched in the 1990s, the program gained momentum post-Hurricane Maria as it became the island’s primary revenue source. The funds have been used to build resilient infrastructure, including housing and medical facilities, to protect against future climate disasters. Finance Minister Irving McIntyre emphasized the importance of self-reliance in addressing climate change, with around 2,000 disaster-resistant homes already constructed.
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