CITIZENSHIP BY INVESTMENT
Dominica
Dominica, known as the “Nature Island,” is a stunning Caribbean nation located in the Lesser Antilles archipelago. Situated between Guadeloupe to the north and Martinique to the south, it covers an area of approximately 750 square kilometers (290 square miles). The island is characterized by its rugged terrain, which includes volcanic mountains, lush rainforests, and breathtaking coastlines. Dominica is home to the highest peak in the Eastern Caribbean, Morne Dominque, which rises to 1,447 meters (4,757 feet) above sea level. The island’s abundant natural features include numerous rivers, waterfalls, and hot springs, making it a paradise for outdoor enthusiasts and nature lovers.
More About Dominica Citizenship By Investment
Dominica’s economy is primarily driven by agriculture, tourism, and services. The agricultural sector has historically been the backbone of the economy, with bananas being the main export crop. In recent years, however, the focus has shifted to diversifying agricultural production, including citrus fruits, cocoa, and other crops. Tourism has emerged as a vital component of the economy, with the island’s pristine natural landscapes and eco-friendly activities attracting visitors from around the globe. Eco-tourism, in particular, has gained traction, allowing travelers to experience the island’s diverse ecosystems through hiking, birdwatching, and diving.
Dominica boasts a rich cultural heritage that is celebrated through various festivals and events. The island is known for its vibrant Carnival celebrations, where locals showcase elaborate costumes, traditional music, and lively dance. The cultural landscape is also enriched by the annual World Creole Music Festival, which attracts artists and music lovers from the Caribbean and beyond. Dominican cuisine is a delightful fusion of flavors influenced by African, French, and indigenous culinary traditions, featuring dishes centered around fresh seafood, root vegetables, and local spices.
The Dominica Citizenship by Investment (CBI) program offers individuals and families a pathway to acquire citizenship in exchange for qualifying investments in the country. Established in 1993, the program is one of the longest-running CBI initiatives in the world and is designed to attract foreign investment while providing investors with numerous benefits.
Minimum investment of $200,000
6-12 MONTHS
Freedom of travel and visa-free access to over 140 destinations worldwide
There is no mandatory minimum physical presence required on the island at any stage of the Dominica Citizenship by Investment application process, whether before, during, or after submitting your application.
Experience the freedom of visa-free or visa-on-arrival access to over 150 countries worldwide. With a Dominica passport, you can travel without the stress of obtaining a visa beforehand, making your journeys more convenient and enjoyable.
By spending over 183 days in the country, you become a tax resident of Dominica. As a resident in this Caribbean nation, you will benefit from lower tax rates compared to many other countries.
The first option for obtaining citizenship by investment involves a donation to the EDF of $200,000 for the main applicant. For a couple, the contribution is $150,000, while for the main applicant and up to three dependents, it is $175,000. Additionally, there is a fee of $25,000 for each extra dependent under 18 and $50,000 for those aged 18 and over.
Along with these contributions, you will need to pay processing fees of $1,000 per application. Due diligence fees amount to $7,500 for the main applicant, $4,000 for the spouse, and $4,000 for each dependent aged 16 and above. Furthermore, there are $250 fees for the Certificate of Naturalization and $1,200 for expedited passport issuance per individual.
The second option to meet the requirements for Dominica citizenship is to invest in a property worth at least $200,000 within a government-approved real estate development. You are required to maintain this investment for a minimum of three years. After five years, the property becomes eligible for resale under the citizenship program.
To qualify for the Dominica Citizenship by Investment Programme, you must first take an oath of allegiance to the Commonwealth of Dominica before a notary public, justice of the peace, or commissioner of oaths. Furthermore, while relocation to Dominica is not necessary to obtain citizenship, residents benefit from the absence of personal income, wealth, gift, inheritance, foreign income, and capital gains taxes.
The Dominica Citizenship by Investment Program allows individuals and their families to obtain citizenship in Dominica by making a qualifying investment. This program is designed to attract foreign investment and enhance the country’s economy.
There are two primary options for investment:
No, there is no minimum physical presence requirement for applicants under the Dominica CBI program. You are not required to reside in Dominica to maintain your citizenship.
The processing time for the Dominica Citizenship by Investment application can vary, but it typically takes around 3 to 6 months from the submission of the application to the issuance of citizenship.
Dominica does not impose personal income tax, wealth tax, gift tax, inheritance tax, foreign income tax, or capital gains tax on its residents, making it an attractive option for tax benefits.
Yes, the main applicant can include their spouse, children, parents, and grandparents as dependents in the application. Each family member will receive full citizenship upon approval.
After receiving your Certificate of Naturalization, you can apply for a Dominica passport. With this passport, you will have access to visa-free or visa-on-arrival travel to over 150 countries worldwide.
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