Dominica CBI Assessment.pdf

The Commonwealth of Dominica's Citizenship by Investment Programme (CBIP) has contributed significantly to the country's recovery from natural disasters, including Tropical Storm Erika and Hurricane Maria.
Between 2017/18 and 2018/19, EC$582.6 million was spent from CBIP funds to support the recovery effort and broader economic transition.
CBIP funding has supported the rehabilitation of roads, bridges, hospitals, health centers, and schools, as well as the construction of hurricane-resilient homes for 6,680 households.
The CBIP has also funded the construction of five hotels and ecolodges, creating over 1,000 jobs during construction and providing direct employment for approximately 900 hospitality workers.
The investment in hotels and tourism is expected to generate future revenue streams for the island, estimated to be between EC$90 million and EC$140 million each year.
The fiscal benefits of the CBIP are estimated to be between EC$20 million and EC$40 million each year, which could be worth around 10% of the overall tax-take for Dominica.

Programme Overview:

The CBIP was established in 1993 and allows individuals to gain Dominican citizenship in exchange for an economic contribution to the island.
There are two routes to acquire citizenship: making a contribution to the Economic Diversification Fund (EDF) or investing in designated real estate.
The minimum investment required is US$100,000 for the EDF or US$200,000 for real estate.

Economic Impact:

The CBIP has had a substantial impact on Dominica's recovery from natural disasters and continues to support the country's long-term economic transition.
The programme accounts for approximately 41.5% of total 2018/19 expenditure and has grown from 2% in 2014/15.
The indirect impact of CBIP expenditure on Dominica's economy is estimated to increase GDP by around EC$150 million and tax receipts by around EC$30 million.