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Dominica


Minimum USD 200,000

OVERVIEW

 

The Dominica Citizenship by Investment Program was introduced in 1993 by the Government of the Commonwealth of Dominica, allowing foreign investors to acquire citizenship under certain conditions. This is now one of the world’s longest-running economic citizenship schemes and one of the most reputable. Applicants obtain an irrevocable citizenship and passport without having to reside in the country or renounce their current nationality.

 

iconProcessing time - 4 months

 

iconVisa free travel - Instant visa-free to 144 countries including the Schengen States, UK, Singapore, Hong Kong, and China

 

iconInvestment type - Donation to Dominica’s Government Fund or Real Estate Investment in Dominica

 

iconInvestment cost - USD 100,000 for single applicant or USD 175,000 for a family of 4

 

iconFamily dependents - Spouse, children up to 30 years old, parents/grandparents above the age 65 years.

 

iconPassport validity - For persons above 16 years of age it will be valid for 10 years, for children under 16 it is valid for five years

 

 

 

COUNTRY INFO

 

Named as “Nature Isle of the Caribbean” for its natural environment with lush mountainous forest, natural hot springs and diving spots Commonwealth of Dominica is an attractive ecotourism destination. The country has been independent since 1979 and is a member of the United Nations (UN), the British Commonwealth, the Organization of American States (OAS), CARICOM and various other international organizations.
Dominica is a politically and economically stable state with the lowest crime rate in the region. In addition Dominica recognizes dual citizenship.

 

 CAPITAL  Roseau
 POPULATION  73,757
 LANGUAGE  English (official), French patois
 CURRENCY  East Caribbean dollars (XCD), tied to USD
 EXCHANGE RATE  1 USD = 2.7 XCD
 GOVERNMENT TYPE  Parliamentary republic

 

 

BENEFITS

 

 

 

SIGNIFICANT ADVANTAGES

 

SIGNIFICANT ADVANTAGES

Irrevocable Dominica Citizenship for your lifetime and your generations to come

You make your investment after your application is approved, not before

No need to renounce your current citizenship(s)

No notification to your home country on your new citizenship

No physical residency requirements, you are entitled to apply instantly

No interview, education or management experience required

 

 

GLOBAL MOBILITY

 

GLOBAL MOBILITY

 

Visa-free access over 143 countries including the United Kingdom & Schengen states

Allowed to stay in United Kingdom for 6 months at a time

Dominica second passport is reputable and easy to obtain visas when required

The right to take up residence in Dominica and in most of the CARICOM member countries at any time and for any length of time.

 

 

WEALTH PROTECTION

 

WEALTH PROTECTION

 

No taxes on capital gains, gift, wealth and inheritance; No taxes for non-residents

Open bank accounts in reliable banking institutions worldwide when you obtain Dominica’s Citizenship

Duty-Free trading in the Caribbean.

No restriction on the repatriation of profits and imported capital

Generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance

 

 

 

COSTS

 

 

To be eligible for Dominica Citizenship under its Citizenship by Investment Programme, there are two options to choose from.

 

1.  DONATION – ECONOMIC DIVERSIFICATION FUND (EDF)

 

Non-refundable financial contribution to a Government fund. The cost varies depending on the number of applicants and their ages. *Family Dependent: Spouse, children up to 30 years old, parents/grandparents above the age 65 years.

Single Application - USD 100,000

Main Applicant plus spouse - USD 150,000

Main Applicant plus three (3) dependents - USD 175,000

Any additional dependent aged 18 years or older - USD 50,000

Any additional dependents below the age of 18 years - USD 25,000

 

2. REAL ESTATE INVESTMENT

 

Real Estate Investment through one of the Government approved real estate projects which could be freehold property with title deed; hotel shares; fractional ownership or land. The investment and Government Fees are payable once Dominica’s citizenship is approved.

Minimum Investment - USD 200,000

 

 

GOVERNMENT FEES

 

In addition to the purchase of real estate, there are Government fees to be paid:

 

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 Dependents - USD 25,000

 

 

DUE DILIGENCE & BACKGROUND CHECKS

 

Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.

Main applicant - USD 7,500

Spouse - USD 4,000

Dependents over 16 years - USD 4,000

Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.