Dominica dominates CBI Index for sixth consecutive year
The Commonwealth of Dominica remained number one in the most anticipated rankings of the best Citizenship by Investment (CBI) programmes in the world.
For six consecutive years, Dominica has kept the top spot and for the 2022 CBI Index review the island bested 12 other nations with active citizenship by investment programmes. Dominica’s CBI unit has been running since 1993, and it is one of the oldest passport programs.
The CBI Index measures the performance and appeal of the CBI programmes all over the world. This year, Dominica emerged as the the top performer in the nine pillars of the CBI Index—Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.
In those pillars, Dominica scored full marks in the areas of Minimum Outlay, Mandatory travel or residence, Ease of Processing, Due Diligence, Family and Certainty of Product.
“For the last 29 years we have ensured that our CBI programme really meets the needs of an ever-changing global investor. We’re proud to yet again be ranked as one of the best CBI offering in the world and look to increase our scores across all nine pillars next year,” said Dominica’s Prime Minister Roosevelt Skerrit in a statement.
Following Dominica in the rankings are St. Kitts and Nevis and St Lucia. The remaining nations with CBI programmes that have been included in the rankings are Antigua and Barbuda, Austria, Cambodia, Egypt, Grenada, Jordan, Malta, Montenegro, Turkey., and Vanuatu.
“St. Kitts and Nevis also took first place with perfect scores in six areas including Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product,” the report revealed. “Third place was taken by St Lucia, and even though the country’s programme is young, it managed to score full points for Minimum Investment Outlay, Mandatory Investment Outlay and Ease of Processing.”
The 2022 CBI Index highlights Dominica’s single applicant minimum outlay, which is only US$100,000, and its competence in due diligence.
“The Dominica Citizenship by Investment Unit is highly competent and adheres to strict due diligence procedures,” the report said.
Dominica is reportedly using a “multi-layered process” in due diligence, employing third-party due diligence firms from the USA and the UK.
The CBI Index is the world’s most definitive guide on citizenship by investment and is published today by PWM Magazine, a publication from the Financial Times.
Read the full report here.
Dominica CBI has been the country’s lifeline to becoming the first climate-resilient nation through sustainable infrastructures across the island.