Five Benefits of Dominica Citizenship by Investment
Dominica’s Citizenship by Investment Programme has been enhancing investors lives since 1993. The long-standing programme grants citizenship and a second passport to applicants investing in either Government-approved real estate projects or by making a non-refundable contribution to a Government fund. The Commonwealth nation of Dominica has proven to be a very popular choice for investors globally. Below are some of the main reasons why:
CosT-Effective Citizenship by Investment
Dominica’s CBI programme offers one of the most cost-effective options for single applicants requiring a donation of $100,000 + fees to the Government’s National Development fund. The programme is also extremely feasible for families alike, particularly the real estate route where investors can purchase a share in a Government approved hotel project from $212,000 plus fees.
Passport Power
Dominican passport holders get visa-free access to 153 countries and territories worldwide. This represents 58.3% of the world’s wealth measured by GDP and 72.4% of worldwide travel popularity based on international visitors. The 153 total destinations include 132 countries and 21 overseas territories. Dominica most recently signed a visa-waiver agreement with China giving Dominican Passport holders access to four of the world’s largest economies, alongside Germany, UK and France.
Nature Island
Dominica is often referred to as the ”Nature Island” of the Caribbean. With three national parks, this stunning island is immersed in nature, abundant with waterfalls, mountains, tropical forests, hot springs, glorious beaches and 365 rivers. Dominica is one of the world’s most unspoilt islands making it the perfect paradise for the eco-tourism industry with several speciality resorts to choose from on the Island.
Accessibility
Whilst Dominica’s CBI programme has no residency requirement and the entire application can be applied for remotely, many investors may still want to visit once they have obtained their citizenship to experience the beautiful country they have invested in. American Airlines recently announced they will be expanding their bi-weekly direct flights from Miami to Dominica to a daily service from April 2022. This is excellent news for the Island as it will no doubt help to attract even more tourists, especially those residing in the USA. It is also possible to catch a connecting flight to Dominica from some of the neighbouring islands such as Barbados and St Lucia.
Tax Efficient
There is no wealth, gift, inheritance, foreign income, or capital gains tax in Dominica. As a citizen, you would only be liable to pay personal tax if you reside in Dominica, and this becomes your main tax residency.
To find out more about Dominica and their Citizenship by Investment programme, please contact our advisors who will be able to provide you with a personalised quotation.
