On February 25th of this year, officials from the United States met with representatives from Dominica and the other Caribbean nations that offer Citizenship by Investment programs. The meeting, led by the Deputy Assistant Secretary of the US Department of Treasury, involved discussions on the challenges faced by Caribbean CBI programs and explored opportunities to ensure their success.
One important outcome of the meeting was the unanimous agreement among all Caribbean CBI nations to implement virtual or in-person interviews with each applicant. This new requirement applies to all applicants aged 16 and over, in addition to the existing application process that involves the submission of financial statements, proof of employment, identification documents, and other relevant information.
Effective from July 17th, 2023, the Dominica citizenship by investment program will introduce mandatory interviews for all applicants aged 16 years and over.
This new requirement aims to enhance the application process. The applicable fees for these interviews will be announced in due course.
The Caribbean CBI nations are recognized for their proactive and transparent approach to due diligence, which has significantly enhanced their reputation within the international community. As a result, investors continue to have confidence in the safety of their investments, thanks to the stringent due diligence practices implemented by these nations.
