- Citizenship by Investment
Dominica, as it’s also called the common wealth of Dominica is a part of the Windward Islands in the Caribbean Sea. The country has a 750 km2 and has a population of approximately 73,000 people. The country with its fantastic nature and excellent reputation welcomes investor’s and their families.
Dominica has one of the oldest and most reputable government citizenship programs in the world. The program is successfully operating since 1993 and is guaranteed by the Dominican Constitution and citizenship act. One of the biggest advantages of this program is that it is the cheapest citizenship program in the world, with no requirement to pass any language test. The Dominican citizenship act does not require the applicant to waive its primary citizenship. The citizenship by investment program aims to attract investors from all around the world. The program has two options in order the applicant to be eligible to apply:
It has to be mentioned, that Dominican government is more than welcome to potential investors who are willing to create more jobs and help economic growth. Government can give favorable investment regimes to the investors, dependent on the amount of the investment etc… At a glance, it can be said that the Dominican citizenship is granted very easily, but investment amount is one of the elements of the program. Before granting citizenship, the competent authority will check the investor background. The investor shall have an excellent health and clear criminal history. The procedure for obtaining the Dominican Citizenship needs approximately 4-6 months. Dominican Passport gives investor free access to more than 115 countries in the world (Including Schengen Zone, Singapore, Hong Kong and Switzerland).
The highly reputable Citizenship by Investment Programme in Dominica invites investors of good character to make an economic contribution to Dominica and in exchange, the applicant and their family are eligible to obtain full citizenship of the country, within the strict guidelines of the law.
The Citizenship by Investment Programme of Dominica has been operating since 1993 and is legally entrenched in the Dominican Constitution and the Citizenship Act.
Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution made into the Government fund amounting to USD100,000 depending on the number of dependents included in the application or an investment in designated Real Estate with a value of at least USD 200,000. Additional payments for any dependents included in an application, due diligence fees, government fees and other fees are also payable.
Reasons to choose Dominica?
- No physical residency requirements
- Inclusion of dependent children up to the age of 30
- No minimum level of education required
- No managerial experience required
- Visa-free travel to over 120 countries
- No taxes for non-residents
- Dominica recognizes dual citizenship, so you can retain your current nationality
- Interview not mandatory
In respect to the captioned subject, the Hon Prime Minister has approved the following changes to be made to fees charged for the citizenship by investment programme:
“For any Dominican citizen who applied before December 31st 2017 are allowed to add his/her spouse for US$50,000 instead of US$ 75,000
1. US$ 25,000 for up to two (2) qualifying dependents
2. US$ 20,000 for any additional dependent
Grateful if the regulations be amended to include to above changes and for this to take effect from 1st April 2018
Government FundsA. For a single applicant
Contribution US$100,000 Processing fee US$1,000 Contribution US$175,000 Processing fee US$1,000 Contribution US$200,000 Processing fee US$1,000 Each additional qualifying dependent US$25,000
To qualify for citizenship of Dominica under the Real Estate Option of the Citizenship by Investment Programme, an applicant must purchase authorized real estate to the minimum value of USD 200,000.
The minimum required investment for the Real Estate Option is USD 200,000The following government fees are applicable for the main applicant and any accompanying dependents:
For the main applicant US$25,000 For the main applicant applying with his or her spouse US$35,000 For a family of up to four persons, including the main applicant and up to three dependents US$35,000 For a family of up to six persons, including the main applicant and up to five dependent US$50,000; or For a family of seven persons or more, including the Main Applicant and six or more dependents US$70,000 For spouse US$4,000 Dependant aged 16 years and above US$ 4,000 Passport Application fee, per applicant US$65 Expedited passport issue fee, per applicant US$1,200 Certificate of Naturalization fee, per applicant US$250
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Entry denied: libya
Located in the continent of the Caribbean, Dominica does not share land borders with any countries.
East Caribbean dollar (XCD)
Unitary parliamentary republic
Eastern Caribbean (UTC–4)