Dominica Citizenship by Investment
Embracing its reputation as one of the Caribbean’s most pristine and untouched destinations, Dominica beckons nature enthusiasts with its abundant natural hot springs, captivating coastal vistas, and vibrant rainforests. For those enchanted by its allure, the Dominica Citizenship by Investment Program offers a seamless pathway to calling this idyllic island home.
Renowned for its affordability, the Dominica Citizenship by Investment Program stands as one of the most cost-effective options in the Caribbean. With entry starting at just $200,000, applicants need not compromise on quality or benefits. Established since 1993, this program grants holders of the Dominica passport visa-free access to 145 countries, alongside an array of additional advantages.
Since its inception, the program has played a pivotal role in financing essential healthcare initiatives, critical infrastructure projects, and the enhancement of the island’s tourism sector. As tourism serves as a cornerstone of Dominica’s economy, facilitating its continued growth remains paramount for the nation’s future prosperity.
Benefits of Dominica Citizenship by Investment:
Securing a second passport brings forth a multitude of benefits beyond just visa-free travel, and Dominica stands as a prime example of a nation dedicated to offering comprehensive advantages to its passport holders. From taxation benefits to business advantages, Dominica’s Citizenship by Investment Program has been meticulously designed to provide a myriad of perks for its beneficiaries. Moreover, it serves as a beacon of hope for individuals hailing from countries grappling with safety concerns, financial instability, and precarious environments. Below are some of the prominent benefits of Dominica’s Citizenship by Investment Program:
- Ease of Travel:
The Dominica passport holds global recognition, granting visa-free access to 145 countries, including all EU Schengen countries, Singapore, and Hong Kong, among others. Notably, citizens of Dominica can obtain a 10-year visa for travel to the United States, a privilege that can often be challenging to secure.
- Dual Citizenship
Applicants granted citizenship in Dominica need not worry about their home country being notified of their new citizenship, ensuring discretion and privacy. This feature is especially appealing to individuals seeking a secure haven discreetly.
- Tax Benefits:
Citizens of Dominica, including those acquired through investment, enjoy exemptions from international dividends, interest, or royalties taxation. The country also boasts freedom from income tax, capital gains tax, and inheritance tax, presenting a lucrative financial opportunity for program applicants with revenue streams from other nations.
Forward-Looking Investment
The benefits of Dominica’s Citizenship by Investment Program extend beyond immediate gains, as approved applicants can add future dependents and retain their citizenship indefinitely, even if the program were to cease. This forward-thinking approach underscores the enduring value of Dominica citizenship as a long-term investment for applicants and their families.
Qualifying for Dominica Citizenship
To be eligible for Dominica citizenship, the main applicant must meet the following criteria:
The main applicant must be at least 18 years old.
Applicants must have a clean criminal record.
Evidence of the source of funds for the investment must be provided.
Dependent children under the age of 30 can be included in the application.
Dependent parents above the age of 65 are eligible for inclusion.
All applicants aged sixteen years and over must undergo virtual interviews.
Why Choose Dominica?
Robust Economy
Dominica boasts a remarkably strong economy, with its currency pegged to the US dollar. This stability provides investors with confidence in their financial future, making Dominica an attractive destination for investment and residency.
Visa-Free Travel with Dominica Passport:
The Dominica passport is recognized as a powerful travel document, offering visa-free access to 145 countries worldwide.
United States Visa
Dominica citizens can obtain a 10-year visa to the United States (B1/B2 visa required), facilitating ease of travel and business opportunities in one of the world’s largest economies.
Dominica Citizenship by Investment Program
The government of Dominica established the Dominica Citizenship by Investment program in 1993 to attract foreign economic contributions aimed at developing the country’s infrastructure, fostering job creation, and stimulating sustained economic growth and prosperity. In exchange, foreign investors can obtain permanent legal citizenship and a second passport within the remarkably short period of 3 to 4 months, making it the fastest citizenship program in the Caribbean.
Dominica Citizenship by Investment Options
Option 1: Economic Diversification Fund (Dominica Citizenship by Donation)
The Economic Diversification Fund (EDF) was established to raise funds to support economic growth and development initiatives, including the construction of schools, hospital renovations, national sports stadiums, agricultural projects, and tourism promotion.
Non-refundable Contribution:
Single applicant: US $200,000
Main applicant and spouse: US $250,000
Family of four: US $275,000
Additional Dependents:
Below the age of 18: US $25,000 per applicant
Age 18 or over: US $50,000 per applicant
Option 2: Real Estate (Dominica Citizenship by Investment)
Applicants must invest in a government-approved real estate project within Dominica, with a minimum value of US $200,000. The investor must retain ownership of the property for a minimum of three (3) years from the grant of citizenship. Additionally, real estate may only be resold under the Dominica Citizenship by Investment Program after a period of five (5) years from acquiring citizenship.
Government Fees:
Single applicant: US $75,000
Family up to four: US $100,000
Additional Dependents: US $25,000 for each additional dependant under the age of 18.
US$40,000 for each additional qualified dependant aged 18 years of age or older.
