On the 24 November 2020, the Caribbean nation of Dominica established diplomatic relations with Bangladesh. This agreement is set to benefit both nations in various fields of mutual interest.

Signed in New York by the Ambassador and Permanent Representative of Bangladesh to the United Nations Rabab Fatima and Permanent Representative of Dominica to the United Nations Loreen Ruth Bannis-Roberts, these friendly relations are set to propel both countries towards greater prosperity. Not only will this agreement facilitate the expansion of the export market and increase employment opportunities, but it will also address various political, economic, social, cultural, scientific and humanitarian issues.

Leading Climate Resilience Together

Adding to the harmony of this union is the fact that both nations are leading the way in terms of climate change resilience.

Bangladesh has the vision to eliminate poverty and in turn, attain economic and social well-being for its citizens. This goal is set to be realised through the country’s Climate Change Strategy. This strategy favours the impoverished and centres around six core pillars:

  1. Food security, social protection and health
  2. Comprehensive disaster management
  3. Infrastructure
  4. Research and knowledge management
  5. Mitigation and low carbon development
  6. Capacity building and institutional strengthening.

Similarly, with a focus on climate resilience, Dominica has made great strides in recent years. Following a devastating hurricane in 2017, the country implemented an action plan to ensure the country was well-prepared should another such disaster strike.

In March 2018, the Climate Resilience Execution Agency for Dominica (CREAD), funded by the governments of the United Kingdom, Canada and Dominica, was launched. The four-year mandate was aimed at driving the country towards becoming the world’s first climate-resilient nation, by developing and implementing a full Climate Resilience and Recovery Plan (CRRP) entailing large complex reconstruction efforts.

CRRP’s Six Result Areas for a Climate-Resilient Dominica:

  1. Strong Communities
  2. Robust Economy
  3. Well-planned and Durable Infrastructure
  4. Enhanced Collective Consciousness
  5. Strengthened Institutional Systems

Investing in Dominica

Dominica is becoming an increasingly popular destination for foreign investment as the country continues on its path of industrialisation and development in crucial areas such as housing, healthcare, education and infrastructure. Investors find the Caribbean territory particularly attractive as a second citizenship option as a direct result of the visa-free access afforded to Dominican passport holders.

Also read: Real Estate Options with Citizenship by Investment in Dominica

The Importance of Visa-Free Travel?

Visa-free travel is the ability to visit a country without having to complete lengthy visa procedures. Nationals of a country can travel visa-free to another country if the governments of the two countries signed an agreement to that effect, or if the receiving country unilaterally opened its borders.

Depending on the country where citizenship is granted, one can have the right to travel visa-free to a number of nations across the world.

This access opens doors not only to travel but also for business and investment. Depending on which country the second passport is being applied for, Dominican citizenship provides access to developed countries including the entirety of the Schengen region of Europe and Asian business hubs like Singapore and Hong Kong, as well as the UK and Canada. Currently, a second passport from Dominica affords travellers visa-free access to over 140 different countries, opening further channels for international trade and industry.

Also Read: Living as an Economic Citizen in Dominica

How to Acquire a Citizenship in Dominica?

There are many benefits to having dual citizenship, including greater global mobility, new economic opportunity, a better quality of life, and improved personal security.

One of the most expedient ways to acquire Dominican citizenship is through the country’s Citizenship by Investment Programme. Dominica offers well-vetted investors the opportunity to obtain second citizenship in exchange for an investment in a real-estate project, or by way of a contribution to a government fund.

Dominica’s Citizenship by Investment Programme has topped year upon year as the most well-respected and integral programme in the world, known for their stringent due diligence, quick turnaround times and affordability.