DominicaCitizenship By Investment
- Investment starts from USD 100,000
- Processing time 4-6 months
- Visa-free travel 140+ countries
- Remote application process
- Virtual Interview Required
Overview
The Dominica Citizenship by Investment (CBI) Program, officially known as the Dominica Economic Citizenship Program, allows individuals and their families to obtain citizenship and a passport of Dominica by making a qualifying investment or contribution to the country.
Investment Options
- Contribution to the Economic Diversification Fund (EDF)
- Investment in a real estate project approved by the government
Family Inclusion
Applicants can include spouses, children under 18, student children between 18 and 30 years of age, unmarried daughters under 25 years of age, as well as financially dependent parents over 65 years of age in the CBI application.Eligibility Criteria
Main applicants must be of at least 18 years old and meet a minimum qualifying investment in one of the investment option. All adult applicants must successfully undergo a due diligence review, including a mandatory interview either in person or online. They have to openly and honestly disclose all relevant information related to the CBI application and cover processing, due diligence, and administrative fees.Benefits
Fast & Cost-effective
Dominica offers one of the most cost-effective CBI programs in the Caribbean, enabling a single applicant to acquire citizenship for just US$100,000 in short period.
Visa-free travel
Dominica passport holders enjoy visa-free or visa on arrival access (plus ETAs) to 143 jurisdictions, including the EU, UAE, Russia, China, Hong Kong, etc.
Post Approval Investment
Applicants have to invest only after receiving conditional approval for their CBI application. A real estate investment becomes eligible for resale after three (3) years.
Favorable Taxation
Dominica does not impose personal income tax, wealth tax, or inheritance tax.
No Residency Requirement
Applicants can apply immediately without any specific physical residency prerequisites.
Dual Citizenship allowed
Applicants are not required to renounce their current citizenship(s). All advantages and privileges of holding citizenships in multiple countries are available.
Investment Options
The Commonwealth of Dominica offers two investment options in its Citizenship by investment Program: a non-refundable contribution to the Economic Diversification Fund (EDF) and Investment in an approved real estate project.
Economic Diversification Fund (EDF)
| Main applicant | USD 100,000 |
| Main applicant and Spouse | USD 150,000 |
| Main applicant and up to three (3) dependents | USD 175,000 |
| For any additional dependent over 18 years of age | USD 50,000 |
| For any additional dependent below 18 years of age | USD 25,000 |
Real Estate Investment
The qualified investment required for the Real Estate investment option is set at US$ 200,000. This investment must be maintained for either a three-year period starting from the date of citizenship approval or, in the event that the future buyer is also a CBI applicant, for a duration of five years following the date of citizenship approval.
Government Fees:
| Main applicant | USD 25,000 |
| Main applicant and up to three (3) dependents | USD 35,000 |
| Main applicant and up to five (5) dependents | USD 50,000 |
| Any additional qualified dependent USD | USD 25,000 |
Government fees are applicable only for the Real Estate investment option.
Other Applicable Fees
The following fees apply under both investment options of the CBI program:
| Processing fee per application | USD 1,000 |
| Certificate of Naturalisation fee per applicant | USD 250 |
| Due Diligence fee for the main applicant | USD 7,500 |
| Due Diligence fee for a dependent aged 16 or over | USD 4,000 |
| Expedited passport issuance fee per person | USD 1,200 |
Enhanced Due Diligence Fees
Enhanced due diligence fees may be required depending on current citizenship status, and other personal circumstances. Effective from July 17th, 2023, all Iranian applicants are required to pay the following enhanced due diligence fees:
| Main applicant | USD 25,000 |
| Spouse | USD 15,000 |
| Each dependent 16 years of age or over | USD 15,000 |
| Each dependent 12 to 15 years of age | USD 10,000 |
Application Process
Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.
Preparation of the tailored list of documents. The client signs a retainer agreement with Bayat Group. Gathering documents required for the application.
Applicants need to meet the eligibility criteria, including financial requirements and a clean background.
After gathering all of required original documents and sending them to Bayat Group team, our citizenship experts will assess the file and make it ready for submission to Dominica CBI Unit. The unit will review the application and conduct due diligence checks. Applicants need to go through the mandatory interview, either in person or online.
After the application has been processed and a decision has been reached, the applicant will receive a letter informing them of the outcome. If the application is approved, applicants will be required to proceed with making the qualified investment, covering the associated fees for the investment option.
Upon completion of the required contribution or investment, applicants will receive a No Objection Certificate (NOC), which confirms the granting of citizenship in the Commonwealth of Dominica. Subsequently, Bayat Group will proceed to apply for the passport on clients’ behalf.