A luxury resort in Dominica has reported that 27 percent of its Citizenship by Investment (CBI) contracts came from African nationals. Industry experts forecast the number to rise to 35 percent in 2021.
Investments worth at least USD 200,000 into pre-approved real estate like Secret Bay is a popular option for applicants under the Dominican Citizenship by Investment Programme. This route is highly attractive to African buyers who not only get visa-free travel access to over 140 destinations worldwide, but their ownership of estate elsewhere can result in a place to escape with family in times of turmoil.