Dominica instance of country
Economic immigrants
The Commonwealth of Dominica offers an official and legally mandated economic citizenship to those seeking a valid second citizenship. The nationality law of Dominica authorises the government to waive the normal requirement of seven years of legal residence to acquire citizenship in exchange for an investment into their country's economy. The required contribution for a main applicant starts at US$100,000 through the Economic Diversification Fund. Alternatively, since 2014, applicants can make a US$200,000 minimum investment in pre-approved real estate from island exclusive resorts or global brands like Marriott, Kempinski or Hilton. According to officials, the citizenship by investment (CBI) programme was an economic and fiscal "lifeline" in the aftermath of Tropical Storm Erika in 2015 and Hurricane Maria in 2017, and its new investment option had become the main source of Foreign Direct Investment into Dominica by early 2016. Dominican citizens can travel without a visa, or obtain a visa upon entry, to nearly 140 countries and territories, including the United Kingdom and the Schengen Zone. Applying for Dominica citizenship requires interacting with official Government Approved Economic Citizenship Agents as the first step in the application process. This programme is valued at 16% of the government's total revenue as of 2018.The government's management of the economic citizenship programme and an initial perceived lack of transparency in the use of the revenues generated are a frequent topic of heated domestic political controversy. Referring to the opposition, Prime Minister Skerrit in 2016 stated that "If they can discredit the Citizenship by Investment Program and make Dominica an unattractive place to obtain citizenship, then revenues would fall and the government would not be able to rebuild the country. Or, the government would then have to increase taxes on the people; making itself unpopular in their sight." Since then, the Government of Dominica has improved transparency of CBI funds. According to Prime Minister Skerrit's 2018–2019 Budget Address, the island's CBI Programme has helped develop a National Health Insurance pilot that provides Dominican children in critical medical conditions with overseas treatment. Because many residents were displaced by Hurricane Maria's impact on the small Caribbean island, the government pledged to build 5,000 hurricane-proof homes, of which the first batch of 125 houses were scheduled for occupancy in February 2019. The CBI Programme has also significantly helped to develop and create jobs in the island's ecotourism sector. Furthermore, the Skerrit administration set aside EC$5m every month for the construction of a new airport.The Financial Times' Professional Wealth Management publication ranked Dominica as the world's best citizenship by investment programme in its annual CBI Index. According to the report, investors choose Dominica's citizenship because it has the most affordable investment threshold, the application process is straightforward and streamlined, while the security checks each applicant is subjected to remain very strict.
type of example of manifestation of representation of