Recently, the Government of Dominica announced that the World Bank will provide $75 million to assist in the transformation of the digital economy, improving the way business is conducted in Dominica!
Cassani Laville, the Minister of the Digital Economy of Dominica, explained that by introducing digital economic technologies, Dominica will synchronize with modern global technologies. The improvement of the digital economy will mean reduced transaction costs for citizens through the internet. "This project will bring corresponding benefits to the tourism industry, entrepreneurs, the education sector, and the private sector, as well as to e-government and digital reforms. Therefore, seeing the transformation in our way of doing business will bring tremendous benefits."
Source: PR Newswire
In fact, this year, the World Bank has provided multi-faceted support and assistance to Dominica. Previously, the World Bank also provided $16.4 million to help farmers acquire necessary equipment, support agricultural and food security, promote climate adaptation initiatives, and aid in post-pandemic economic recovery.
Currently, Dominica's Citizenship by Investment (CBI) program plays a significant role in providing funding for both the public and private sectors, and overseas investors also support the national development of Dominica through investment immigration projects. A report by PwC states that the funding from investment immigration projects has had a comprehensive and tangible impact on the lives of the people of Dominica. Prime Minister Roosevelt Skerrit stated, "Dominica funds its post-pandemic recovery through a combination of government revenue (including CBI funds) and reduced recurrent expenditures."
In recent years, Dominica has attracted increasing attention from high-net-worth investors! Located in the Caribbean south of Miami, USA, Dominica is known as "America's Second Home" and "The Pearl of the Caribbean." Since the enactment of the Dominica Citizenship by Investment Act in 1993, it has been operating smoothly. As one of the more affordable investment citizenship programs in the world, Dominica's investment immigration has maintained a good reputation, frequently ranking at the top in the global investment citizenship program rankings (CBI Index) published by the Financial Times!
Due to its low investment threshold, no interview requirements, no residency requirements, and no proof of source of funds, along with a short application processing time of about 2-3 months, the Dominica investment citizenship program is highly favored by investors. Currently, investors can apply for a Commonwealth of Dominica passport for their entire family across four generations by donating starting from $100,000 to the government fund of Dominica, along with the relevant government fees, enjoying the benefits of Commonwealth citizenship!
Advantages of the Dominica Investment Citizenship Program
1. Low investment amount, starting from $100,000, allowing the entire family across four generations to legally obtain citizenship (nationality) status in one go;
2. Short application processing time, typically approved within 8-12 weeks after submission;
3. Convenient travel, Dominica citizenship allows visa-free or visa-on-arrival access to over 140 countries and regions;
4. Children can enjoy free British-style education, and if they return to China as international students for further studies, eligible students can easily enroll in prestigious domestic universities without taking written exams. Most Commonwealth member countries recognize each other's credits and degrees, allowing for transfers to other Commonwealth countries;
5. No residency requirements, no need to land;
6. Favorable tax system, with no property tax, gift tax, foreign income tax, or capital gains tax;
7. Beautiful environment, a paradise for vacations.
Worldway Group, as an active promoter of Commonwealth passport programs, is also one of the more successful companies in promoting the Dominica investment immigration project, maintaining a good relationship of trust, interaction, and cooperation with the governments of Dominica and other Commonwealth countries for many years. Prime Minister Roosevelt Skerrit has visited senior executives of Worldway Group multiple times.
Additionally, Worldway also offers investment citizenship projects in other Commonwealth countries such as Vanuatu, Saint Lucia, Saint Kitts, Antigua, and Grenada for your selection!
2020 is the year of health planning, with health planning taking precedence! For details on processing investment citizenship projects in Commonwealth countries, please consult the Worldway service hotline: Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798
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