The Commonwealth of Dominica Citizenship by Investment program is one of the oldest and most affordable citizen programs in the world. It offers investors and their eligible family members legal citizenship in return for an investment in Dominica. It is a quick route to a second passport and visa-free travel to over 137 countries, including the EU and UK.
Citizenship is valid for life, and no physical residency is required.
Passports can be granted in 2-3 months from making a qualifying investment.
Other than the contribution or investment, applicants must pay fees relating to due diligence and the application process.
There are 2 types of investments that qualify for citizenship.
Applicants can make a donation (economic contribution) of $100,000 to the economic diversification fund. The fund was established through the citizenship by investment program and supports public and private socio-economic development initiatives in education, healthcare, sport, and tourism. Contributions are non-refundable.
The amount of the donation varies depending on how many dependents are included in the application.
The amount is specified in United States dollars (USD), but the government accepts euros (EUR) and pounds sterling (GBP).
Applicants can invest in designated real estate with a value of at least $200,000.
The investment must be in authorised property, approved by the government under the citizenship by investment program, and kept for at least 3 years from the date citizenship is granted.
Application fees for a real estate investment apply and currently varies between $25,000 for a single applicant to $70,000 for a family of up to 6 persons.
Before investing, applicants need to apply to the Dominica Citizenship by Investment Unit via an authorised agent. If the initial application is successful, applicants will receive an “approval in principle.”
Once the approval in principle is received, the applicant must complete the donation or the real estate investment. Upon receiving proof of payment, the unit will issue a certificate of registration which serves as evidence of citizenship. The applicant may then apply for a Dominica passport.
There are many advantages of having a second passport and dual citizenship. Once citizenship is received, the applicant has the same rights to live, work, and study in Dominica like any other citizen. Besides full residency status that includes working rights, Dominica offers an attractive tax regime with no tax on foreign income, wealth or inheritance, or capital gains tax. It also offers a number of incentives for entrepreneurs.
CONSULTATION FROM LONDON IMMIGRATION LAWYERS – Dominica Citizenship by Investment
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Mann’s Solutions is international immigration law firm with offices in London, Hong Kong and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).
For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at firstname.lastname@example.org or call +44 207 993 63 46.