Last week, the Prime Minister of the Commonwealth of Dominica, Dr the Hon. Roosevelt Skerrit announced a one-million-dollar budget for the construction of a new bridge. The project aims to make vehicle access easier for the residents of Dublanc and its surroundings.

Prime Minister Skerrit signed the contract with Caribbean Construction Development Limited and said the funds would come from Dominica’s renowned Citizenship by Investment (CBI) Programme.

“In the next three or so months, you will be able to drive and walk over a brand-new bridge costing in excess of a million dollars,” said Prime Minister Skerrit.

“This bridge will be financed with resources from the Citizenship by Investment Programme because we have been managing this CBI Programme in such a prudent and responsible manner. We can see it continue to be a major source of non-tax revenue for our country, especially in these very difficult and trying times”.

Citizenship by Investment Role in Dominica’s National Development

After Hurricane Maria, which damaged 90 percent of Dominica’s infrastructure in 2017, funds from the Citizenship by Investment Programme helped the island “build back better” and reach levels of development that exceeded all expectations.

Part of this mission includes Prime Minister Skerrit’s Housing Revolution that aims to build more than 5,000 homes using climate-resilient structures designed to withstand hurricanes and earthquakes. Other Citizenship by Investment sponsored initiatives on the island include repairing healthcare centres and constructing a new, state-of-the-art hospital.

Dominica’s Citizenship by Investment Programme also funds other areas of national development that investors can benefit from. These includes tapping into the island’s geothermal potential, construction of its first international airport and further developing its eco-tourism sector by prioritising health and wellness projects.

Citizenship by Investment

Dominica’s Citizenship by Investment Programme has earned the top spot in the CBI Index for the last four years. In exchange for an investment in the country, well-vetted applicants and their eligible dependents obtain citizenship of the lush island nation in around three months. Applicants also gain access to visa-free or visa-on-arrival entry to approximately 140 destinations, alternative business prospects and the chance to pass citizenship down for generations to come.

The programme offers two routes to citizenship: applicants can directly contribute to the Economic Diversification Fund or invest in pre-approved real estate. Direct contributions are used to support Dominica’s economic development and fund projects like the Dublanc bridge.

Learn More

Click here to learn more about the two investment options and to start your citizenship by investment journey in the Caribbean paradise that is Dominica.