Embarking on the journey to attain Dominican citizenship through investment opens up a realm of benefits for applicants and their families. Here’s a glimpse of what awaits successful candidates:
- Global Mobility: Enjoy visa-free travel to over 120 countries and territories, including popular destinations like Singapore, Hong Kong, the Schengen Area, the UK, and much of South America. The freedom to traverse international borders without the hassle of visa applications provides unparalleled convenience and access to diverse cultures and experiences.
- Tax Advantages: Dominica imposes no taxes on wealth, gifts, inheritance, foreign income, or capital gains. Additionally, the country has signed treaties to avoid double taxation with several nations, ensuring financial efficiency for investors. This favorable tax regime fosters an environment conducive to wealth accumulation and preservation.
- Resident Status: Applicants can obtain resident status if they intend to reside in Dominica for most of the year. That allows individuals and their families to immerse themselves in the island’s rich culture, vibrant community, and pristine natural environment.
- Multiple Citizenship: Dominica allows its citizens to hold citizenship from multiple countries simultaneously, providing flexibility and expanded opportunities for global engagement. This unique feature enables individuals to leverage the benefits of citizenship in Dominica while maintaining ties to their home country or other nations of interest.
- Residency Flexibility: There are no residency requirements for participants in the Dominica citizenship program, allowing individuals to live abroad legally. This flexibility empowers investors to manage their affairs and pursue opportunities on a global scale without being tethered to a specific location.
- Business Incentives: Investors benefit from generous business incentive packages, including tax breaks and exemptions from import duties. These incentives stimulate entrepreneurship, attract foreign investment, and drive economic growth, contributing to the prosperity of Dominica and its citizens.
- Financial Stability: The local currency’s fixed rate peg to the US dollar ensures financial stability for investors, mitigating currency risk and preserving the value of assets. This stability fosters confidence in the economy and enhances the attractiveness of Dominica as a destination for investment and residency.
- Access to Duty-Free Markets: Investors gain access to several duty-free markets throughout the Caribbean region, facilitating trade and commerce across borders. This access opens opportunities for business expansion, market diversification, and strategic partnerships within the Caribbean community.
The Island of Nature
Dominica, often called “the Island of Nature,” is a picturesque paradise located
In the Caribbean with an area of just 751 km2 and a population of 73,500 people. Its breathtaking natural beauty encompasses 365 rivers, dense rainforests, and enchanting waterfalls, offering a paradise for nature enthusiasts. Following its independence from the United Kingdom in November 1978, Dominica has evolved into a dynamic and diverse society, blending European and African cultural elements. While English is the official language, Creole is widely spoken, further enriching the island’s cultural tapestry.
As a member of various international organizations, including CARICOM, the British Commonwealth of Nations, and the United Nations, Dominica maintains a global presence while preserving its rich local traditions. These affiliations underscore Dominica’s commitment to international cooperation, economic development, and peacekeeping efforts. Additionally, Dominica’s membership in organizations such as the Caribbean Development Bank and the Organization of American States reflects its dedication to regional integration and collaboration in areas of mutual interest.
How to Obtain Dominican Citizenship by Investment
When opting for Dominica citizenship through real estate investments, prospective applicants should take into account the associated government fees. The government fees vary depending on the composition of the applicant’s family unit:
- For the principal applicant – the fee of 25,000 USD;
- For an individual applying with a spouse the fee increases to 35,000 USD;
- Families comprising three to four members – a fee of 35,000 USD;
- Larger families of five to six members face a fee of 50,000 USD;
- Families with seven or more members – a fee of 70,000 USD.
Moreover, the application process allows for the inclusion of siblings of the main applicant and their spouses aged between 18 and 25. However, including these additional dependents calls for an extra contribution of 50,000 USD per person.
In addition to the initial real estate investment, applicants should be aware that supplementary fees may apply. You can get precise and updated information regarding the fees from our consultants familiar with Dominica’s citizenship program.
Economic Citizenship of Dominica Through Donation
Alternatively, individuals seeking economic citizenship in Dominica can contribute to the Economic Diversification Fund (EDF). An integral component of the economic citizenship program, the EDF serves as a vehicle for raising capital to foster the nation’s development.
The funds generated through the EDF are allocated to various projects, encompassing the public and private sectors. Public sector initiatives supported by the EDF include infrastructure projects such as school construction, hospital reconstruction, stadium development, and initiatives reinforcing offshore business. The EDF also extends financial support to private endeavors, especially in tourism, information technology, and agriculture.
To attain Caribbean national status through a donation to the EDF, applicants must adhere to specific contribution amounts, contingent upon the number of dependents included in the application:
- A single applicant is required to make a non-refundable contribution of 100,000 USD;
- Couples applying together must contribute 150,000 USD;
- Applicants with three dependents are mandated to contribute 175,000 USD;
- For each additional dependent besides spouses and siblings aged 18-25, a non-refundable contribution of 25,000 USD per dependent is required.
Similar to the real estate investment option, siblings of the main applicant and their spouses aged 18-25 can be included in the application, necessitating an additional contribution of 50,000 USD for each dependent.
Expert Assistance and Fees
Navigating the citizenship application process can be complex, but professional assistance ensures a smooth journey. Partner consultants offer expertise and guidance throughout the process, with service fees ranging from 25,000 USD to 30,000 USD per person or family. Government fees for processing applications are covered by the Caribbean government, streamlining the process for applicants. While unforeseen circumstances may arise, genuine information and thorough preparation pave the way for a successful citizenship acquisition journey in Dominica.
