The Commonwealth of Dominica – ‘The Nature Isle of the Caribbean’
After devastated damage caused by hurricanes Erika (2015) and Maria (2017) Dominica attracts investors to become the world’s first climate-resilient nation and the country’s citizenship by investment program is the main source of funds. Along with ‘Social Housing’, the money, which foreign investors spend to obtain a second passport in Dominica, is used to expand luxury hotels & resorts infrastructure on the island of just 750 km2 and with a population of around 73 thousand.
Foreigners can attain a second passport from the Commonwealth of Dominica through the citizenship by investment program, only via the licensed authorized Agent. Applicant must be at least 18 years old, with a good repute and health. Application can be accomplished remotely, without a need of visiting the island. The whole process is quick and straightforward lasting around 2-3 months.
Investors must comply with a certain criterion, which includes contributing to the development of Dominica by donating to the special fund or investing in a real estate with specific thresholds and pass the Due Diligence checks. Investors’ family members are also eligible to apply. Citizenship is granted for the life-time and it can be inherited by further generations.
Providing false information or being convicted in criminal activities may be the reason for annulling the citizenship and the alternate passport of the investor might be revoked. Applicants, who pose potential national security risk or have been denied an entry visa to the countries with which Dominica has a visa-waiver agreement, cannot qualify for the economic citizenship scheme.
- Visa-free access to 143 countries, including EU, UK, Russia, Singapore, etc.
- No residency requirement before or after the application.
- No language tests and interviews.
- Quick and straightforward application process.
- Irrevocable citizenship for a family transferable to further generations.
- Access to alternative International financial services.
- Tax optimization and business-friendly environment.
- Dual citizenship is allowed.
All remaining fees are unchanged. Therefore, the following fees continue to apply under both arms of the Programme:
Processing Fee USD 1,000 (per application) Certificate of Naturalisation Fee USD 250 (per applicant) Due Diligence Fee for the main applicant USD 7,500 Due Diligence Fee for a dependant aged 16 or over USD 4,000
Bayat legal Services’ compliance team will conduct an internal due diligence.
Qualification assessment, KYC and background security check.
Study the application, sign the retainer agreement, prepare tailor made list of documents and application preparation.
Submission, file review, due diligence process.
Final decision, Comfort letter issuance and contribution payment.
Naturalization certificates and passports issuance.