The new Dominica Entrepreneur Visa Program will require $50,000 investment and spending at least 3 months a year in the country. The Entrepreneur visa program will start working from the beginning of 2021, and according to Prime Minister of Dominica will eventually help the economic growth of Dominica.
Roseau, September 7, 2020 – On Sunday, the Commonwealth of Dominica announced that it will be launching in the coming months the Entrepreneur Visa, which is a unique platform. This one of a kind visa recognizes the government’s interest in providing a unique status to applicants who make a significant financial investment in the country. It will add valuable foreign direct investment into the private sector. Moreover, it clearly defines the requirements for the grant of a residency permit via investment in an effort to encourage further investment into the island. Finally, this program represents additional avenues for engagement with investors who are looking for options beyond the Citizenship by Investment Program.
The client applying for the Dominica Entrepreneur Visa receives a 2-year residency permit, which will be issued within 45 days of approval, and can apply for naturalization after said 2 years, provided he meets all the criteria.
Managing Director of Mann’s Solutions Evgeny Pavlov commented:
“This is a great opportunity for our Entrepreneur clients to obtain a Dominican Passport with only $50,000 investment amount, which will also eventually help the economic growth of Dominica.”
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