The Commonwealth of Dominica and the People's Republic of China celebrate a significant milestone in their 17-year diplomatic relationship. This was demonstrated in a monumental visa-free agreement signed in Dominica's capital Roseau on November 22nd. The move will enable citizens of both countries to travel back and forth without requiring a pre-departure visa, encouraging more significant business and trade cooperation.
Dominica and China have enjoyed a long-standing relationship since establishing diplomatic ties in 2004. This has notably included China's investment in Dominica's health sector with the inauguration of the Dominica-China Friendship Hospital, which has already revolutionised the island's healthcare infrastructure. The hospital is the only one to offer MRI services in the Eastern Caribbean region, an achievement made possible by the strong relationship between the two countries.
The last year has seen the small island of Dominica extend its international reach. The agreement on the exemption of visas will enable Dominicans to access one of the world's economic giants, bolstering travel opportunities for business and leisure. Dominican citizens can now travel visa-free or visa-on-arrival to over 160 countries, accounting for over 75% of global destinations, making conducting business in various countries infinitely easier.
Comparatively, China's passport only allows visa-free access to 79 countries and territories. Its limited offering makes it an obstacle for its citizens to access global hubs like the United Kingdom or the United States. This means that Chinese citizens must go through the bureaucratic hassle of obtaining visas, wasting valuable time, money, and resources.
The same can be said for those hoping to do business in China. For example, entrepreneurs and investors from countries like India, South Africa, Nigeria, or Singapore must jump through similar hoops, as they do not have a visa agreement with China. This requires filling out lengthy paperwork, which could lead to missed opportunities that negatively impact business.
"China does not allow visa-free [access] for many passport holders, and they have given that privilege to the Dominican passport of all categories. So, it's a major plus," said Prime Minister Roosevelt Skerrit. "[Dominican citizens] will be able to travel to many of the business hubs across the world," he added.
Dominica's expansive visa offering is one of the reasons why the island has become an attractive destination for investors looking for greater travel freedom. Dominica's Citizenship by Investment (CBI) Programme has become a popular route to achieving this.
Established in 1993, the programme empowers global investors by offering them second citizenship and all the associated benefits once they contribute to the nation's government fund or real estate. As an internationally renowned programme, Dominica ensures that those who become citizens pass a multi-tiered due diligence process to protect its stellar reputation.
Over the last few decades, Dominica's programme has welcomed scores of Chinese investors who are interested in acquiring second citizenship as a means of protecting their wealth, family and future.
Aside from the travel opportunities, Dominica's citizenship helps families access the world's top educational institutions, identify alternative business prospects and financial opportunities in a nation with ties to other superpowers like the United Kingdom and the United States.
More Great Dubai Route Stories
Prime Minister Harris Connects With Dubai Business Community
UAE-Born Scientist Show How Satellites Can Monitor Spread of Viruses by Animals
A Craftsman Built a Chainless Bicycle Prototype
2022 World Cup: Who Will Be in Qatar and Who Did Not Make It
Chinese Scientists 'Strike Gold' In a Nuclear Fusion Breakthrough
Should You Pack Your COVID-19 Vaccine Card for Your Next Trip?
Source: OPM Office
Stay Ahead of the Curve
Unlock the GCC's Leading Source of Business and Analysis
Dubairoute.com provides innovative marketing and advertising solutions to support an advertiser's specific campaign objectives. Customised programs leverage the best of Dubairoute.com. Contact our sales team today and see what our team can do for your custom advertising solutions. Please include a contact number if you are willing to speak to our sales team. You can also get in touch in the following ways:
Disclaimer
Global Business, Financial News, Market Data, and Analysis published here are delayed 24 hours. All the published information, analyses, and conclusions are based (unless sourced otherwise) on external information and Dubai Route Group's experts' judgment. They are intended as guides only and should not be construed as definitive forecasts or guarantees of future performance or results. No responsibility or liability is accepted by any person, including Dubai Route Group or its affiliates and their respective officers, employees, or agents, for any errors or omissions.
For all the latest lifestyle news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and follow us on Instagram, which is updated daily.
Comments