Dominica’s CIB and Tourism led its GDP Grow 9%: UN ECLAC

Dominica’s CIB and Tourism led its GDP Grow 9%: UN ECLAC

A recent report released by the United Nations’ Economic Commission of Latin America (ECLAC) announced Dominica’s GDP rose by 9% in 2019. The reason for this jump is its burgeoning Tourism and Citizenship by Investment Program, declaring Dominica to be the fastest growing Economy in all of Latin America and the Caribbean Region.

A growing trend of global citizenship is leading many high net worth applicants gravitating towards a Caribbean Passport. Compared to all other Caribbean countries, Dominica allows a minimum contribution of just $100,000 to Govt’s Economic Diversification Fund (EDF) or investment in approved real estate i.e. luxury hotels and boutique resorts. This investment is crucial in fuelling the constructive developmental projects in public sector, which in turn, is integral in propelling the ecotourism in the country. Owing to the ongoing construction activities, stress on resilient natural resources and ecotourism, the nation is competing with the international market. Cruise ship arrivals and stopovers in Dominica have increased 7 and 3 times respectively. Considering the devastation in Hurricane in September 2017, achieving this growth in a short span becomes even more stellar!

The foreign exchange accumulated through Citizenship by Investment fund is utilized to sponsor major nationwide developmental projects including sustainable housing, roads, civic amenities, international airports, geothermal plant etc. Investors’ contribution through Dominica’s CBI is leading to an overall long term sustainable growth which has contributed in stabilizing the economy promising a great future for the country.

ECLAC also reports that the notable growth in Eastern Caribbean Currency Union (ECCU) activities, primarily in Dominica has a very robust effect on the economy of the Caribbean region leading to a GDP growth across ECCU driven areas. The reports further says that the “robust performance of the tourism sector, as well as the Citizenship by Investment (CBI) programs and public sector-fuelled construction activity, were primary drivers of ECCU-wide GDP growth in 2019,".

Dominica’s Citizenship by Investment Program (CBI) is considered to be the world’s best with reliable due diligence and a good number of visa-free travel, which attracts individual and families of high net worth individuals.

 To know further about Dominica Citizenship by Investment Program click here.

January 16, 2021
St. Kitts & Nevis Citizenship Program: Limited Time $45k Discount Offer Expired

A limited time 45K USD discount offer stipulated by Saint Kitts & Nevis citizenship by investment program for up to a family of four has expired on 15 January 2021. Offered since July 2020, the discount allows families up to 4 members (husband, wife, and two children’s of age less than 16 years) to obtain […]

December 26, 2020
St. Lucia Extends Covid-19 Relief Bond Until 31st December 2021

The government of St. Lucia initially launched the ‘’Covid-19 Relief Bond’’ under its citizenship by investment program on May 12th, which was previously set to expire on 31st December 2020. Cabinet of Ministers of Saint Lucia has now extended the offering of the special COVID-19 relief bond for one more year until 31st December, 2021. The CIP […]

November 21, 2020
The Ultimate Guide to Dominica Passport/Citizenship by Investment

Guide to obtain Dominica passport as your second passport through investment If you are considering second citizenship especially for the Caribbean country then you are at the right place, in this article, we elaborate why Dominica citizenship ranked as the top citizenship by investment country consecutively 4 times by CBI Index.   So why Dominica […]

November 15, 2020
Top 10 Reasons Saint Kitts Citizenship is the Ideal Solution for Your Second Citizenship Need

If you want to create more options, secure your freedom, and create more prosperity in your life by acquiring a second passport, you don’t want to put all your eggs into one country’s basket. Caribbean Citizenship by Investment programs is your savior. And one of the best — and fastest — ways to obtain a second passport for you […]


Copyright 2020 CTrustGlobal Ltd. | All Rights Reserved | Working under the umbrella of Trust Group

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram