When you think of dual citizenship and Citizenship by Investment (CBI) programs you always think the person getting the second passport is the only one benefiting. The truth is, countries benefit tremendously from foreign investments from CBI programs.
In Dominica, through the Skerrit administration’s “Housing Revolution”, the plan is to build 5,000 affordable homes around the Caribbean island for low-income households. The project designs low-cost homes to withstand the harshest hurricanes and seismic events. It is part of Dominica’s long-term goal to become the ‘world’s first climate-resilient nation’.
Now, another thirty-three affordable homes will be built featuring reinforced concrete, stable roof structures, and impact-resistant windows with solar water heating structures. Prime Minister Roosevelt Skerrit, who is also the Minister for Housing and Lands, stated that each resident will receive a strata title (meaning they will own the property) and can use it as collateral to get a loan to help pay for other living expenses if needed.
The ‘Housing Revolution’ is funded entirely by Dominica’s Citizenship by Investment Program. These contributions are helping reshape Dominica’s economic landscape and achieve the goals it has set to benefit its local residents.
This is just one example of how these types of investment programs can impact a country and change lives. Economic contributions by applicants interested in a second passport can be infused into different sectors like healthcare, education, ecotourism, infrastructure and much more.
This ‘Housing Revolution’ project is not the only program using CBI to completely or partially sustain itself: A geothermal plant is also estimated to begin construction in the third quarter of 2019 and will be funded partially by the country’s CBI program.
Dominica has been successfully offering citizenship programs since 1993. It continues to be one of the most attractive islands to get second citizenship from due to its lucrative and unique business and investment opportunities.
Read more about the second citizenship by investment program process and benefits. If you are interested in learning more about Citizenship programs, contact one of our certified agents today and get started on your path to freedom.
Contact us and meet with a consultant today to discuss your options for second citizenship by investment
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