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Dominica was the fastest growing economy in the entire Latin America and the Caribbean region

Dominica was the fastest growing economy in the entire Latin America and the Caribbean region

Photo: Simon Dannhauer

A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) from the United Nations indicates that the Commonwealth of Dominica was the fastest growing economy in the entire Latin America and the Caribbean region in 2019.

The island’s GDP is said to have jumped up by 9%, attributed to Citizenship by Investment (CBI), soaring tourism numbers and public sector construction.

Foreign investors sought to obtain second citizenship from Dominica through the CBI Programme, choosing to either make a minimum US$100,000 contribution to a government fund or invest in pre-approved real estate, such as luxury resorts and boutique hotels.

Some reasons driving investors’ trust are linked to them seeking to belong to a stable democracy with great diplomatic relations, a trustworthy business environment and a promising economic future.

Importantly, Dominica’s CBI Programme is considered the best in the world, employing reliable due diligence that particularly attracts global individuals and families with indisputable integrity.

Source: PRNewswire

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