The Government of the Commonwealth of Dominica has suspended all the applications from Russian and Belarusian investors who have recently applied to Dominica’s citizenship by investment program.
The decision was taken due to the armed conflict in Ukraine and came into effect immediately to safeguard the Global Community and the integrity of Dominica’s citizenship by investment program.
Dominica’s CBI scheme is one of the most reputable and fastest CBI schemes in the world that allows foreign investors to obtain Dominican citizenship with minimal requirements in only 3 or 4 months.
Dominica’s CBI program has been active since 1993, offering investment in government-approved real estate (including spas, villas, hotels, etc.) with a minimum value of USD 200,000, or a minimum financial contribution of USD 100,000 to Dominica’s national development fund, called the Economic Diversification Fund (EDF), which was created to support projects in both the private and public sectors.
Dominica is not the only country that has banned Russian and Belarusian nationals from its CBI program. Malta has also recently announced that it would stop processing applications from Russian and Belarusian nationals due to its inability to carry out proper due diligence background checks in the context of the armed conflict with Ukraine.