How to Obtain Dominican Citizenship through Investment
Dominica’s Citizenship by Investment programme is one of most cost-effective CBI offerings in the Caribbean. There are two main investment routes that applicants can apply through. The first is by making an economic contribution (donation) to Dominica’s National Development Fund. The second option is available by investing in various Government approved real estate projects. The programme requires a minimum investment of $100,000, plus fees.
Overview of Dominica’s Citizenship by Investment Programme
Dominica first launched their Citizenship by Investment programme in 1993 as a way for the Government to raise foreign investment to help support the countries economy and develop the Islands infrastructure. The real estate investment option was later introduced in January 2015.
Until 1993 it was not possible to gain Dominican citizenship without residing in the country. The Dominican government changed that with the Economic Dominica Citizenship programme whereby the need for residency to gain citizenship was waived. Applicants making such a contribution are granted full citizenship for themselves and their family. A Dominican passport allows visa-free travel to over 153 countries worldwide.
Dominica Citizenship by Investment Requirements
In addition to making the necessary investment or donation there are several requirements that applicants must meet for Dominica.
Family members can be included in the application for citizenship. The main investor can include:
- Children up to age 30 years
- Dependent parents over 65 years
Due Diligence Requirements
All applicants will need to be of good character and undergo the Governments due diligence formalities: Investors must provide
- Police Reports – evidence of a clean criminal record
- Have no outstanding visa refusals
- Various documentation, including financial documents, employment/ business documents, ID, proof of address
Minimum Stay Requirements
One of the many attractions of gaining second citizenship in Dominica is that the Citizenship by Investment programme does not have any minimum stay requirements. Citizens of Dominica have the right to live, work or study in the country, if they wish to, but this is not a pre-requisite of the programme. There is also no interview or language test required.
How Much Does Dominica’s Citizenship by Investment Programme Cost?
The most affordable way to Citizenship in Dominica is through the contribution option. The minimum investment required for Dominican Citizenship through donation is $100,000 for a single applicant plus fees, or $200,000 for a family of four, plus fees. It is also possible to invest via government approved real estate options. The required real estate investment of $200,000 is one of the most affordable in the Caribbean. Government, professional and due diligence fees apply (Obtain Full Quote).
How Long Does It take to Get Citizenship by Investment in Dominica?
Processing time is around 60-90 days from the date the applicant’s file is submitted to Dominica’s Citizenship by Investment Unit (CIU). Typically, it takes most applicants between 2-6 weeks prior to this to gather all their documentation. La Vida’s in-house processing team will assist applicants with this entire process.
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Benefits of Dominica’s Citizenship by Investment Programme
The Dominica citizenship program is ideal for investors needing a second passport for travel and ease of access to many countries including China. Holders of a Dominica passport enjoy visa free access to 153 countries and territories worldwide. That represents 58.3% of the world’s wealth measured by GDP and 72.4% of worldwide travel popularity based on international visitors. Read more in our Dominica Passport Investment Report.
- Security of a Plan B Passport
- Visa-Free Travel to 153 countries and territories worldwide
- Diversify your assets outside of your current region
- Live, Work and Study in Dominica and other CARICOM nations
- Tax-free incentives for residency
Advantages of Adding a Dominica Passport
When investing for a second citizenship and passport it is important to understand exactly how your existing passport combines to provide visa free access worldwide. Not only measuring the number of visa free destinations but giving weight to the importance and popularity of those destinations. Only La Vida provides such comprehensive analysis for the Dominica Passport and for passports through other citizenship investment programs by using sophisticated measures developed for business and leisure travel. Contact us and speak to one of our advisors for your free report tailored to your existing citizenship and passport.
Buying Real Estate Dominica
Dominica offers some of the most spectacular landscapes in the Caribbean. Invest in your own slice of paradise on this fantastic island which is abundant with luscious rain forest, waterfalls, crystal-clear sea, and picture-perfect beaches. Dominica is also home to several luxury resorts which qualify for the country’s Citizenship by Real Estate Investment Programme.
How Can La Vida Help You?
Only certain international agents are authorised to promote the Dominica program although many operate as sub agents. La Vida is approved by the Dominican government to promote the Dominica Citizenship by Investment program directly as we are for the other four Caribbean countries offering citizenship through investment. La Vida has extensive global reach with our expert team having helped clients in over 120 countries worldwide.
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