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Dominica changes Citizenship by Investment Programme.

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BANKING AND CREDIT NEWS-July 6, 2020-Dominica changes Citizenship by Investment Programme

(C)2020 M2 COMMUNICATIONS http://www.m2.com

Government of the Commonwealth of Dominica has announced changes to its Citizenship by Investment CBI) Program that expands the definition of dependant, the Commonwealth said.

The changes allow main applicants to add previously unqualifying adult children, parents, grandparents, and siblings. All dependants aged 16 or over must still pass due diligence checks to qualify.

A main applicant can now include a child aged 18 to 30 who does not need to be attending a higher learning institution or living with them. Under the new rules, demonstrating that the main applicant or their spouse supports the child is sufficient. Similarly, parents and grandparents of the main applicant or their spouse no longer need to show they live with the main applicant. Their support is enough to qualify the parent or grandparent as an eligible dependant.

The Government introduced a new sibling category. Biological or legally adopted siblings who are 18 or older, single, and childless can qualify for citizenship. They can be related either to the main applicant or their spouse.

The Government now also allows children born -- and spouses married -- after...

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