Dominica has announced new amendments regarding its Citizenship by Investment program in line with other Caribbean islands that signed the MOA cooperation agreement.
New Fees for Obtaining Citizenship in Dominica:
Economic Diversification Fund (EDF): Applicants can obtain CBI in Dominica by a non-refundable financial contribution to the Economic Diversification Fund.
Investment Fees for the EDF in Dominica:
- For the principal applicant: 200. 000 $.
- For the principal applicant and up to three dependents: 250.000 $.
- For each additional dependent under 18: 25. 000 $.
- For each additional dependent aged 18 or older: 40. 000 $.
Additional Fees:
- Criminal background check fee per application: 1. 000 $.
- Due diligence fee for the principal applicant: 7. 500 $. and for each dependent aged 16 or older: 4. 000 $.
- Naturalization certificate fee per person: 500 $.
- Mandatory interview fee per interview: 1. 000 $.
Real Estate Investment in Dominica:
The value of obtaining citizenship by purchasing approved real estate remains unchanged. Starting at no less than 200. 000 $. The property must be held for at least three years from the date citizenship is granted—or five years if the future buyer also applies for the citizenship by investment program.
Additional Fees:
- For the principal applicant: 75. 000 $.
- For the principal applicant and up to three dependents: 100. 000 $.
- For each additional dependent under 18: 25. 000 $.
- For each additional dependent aged 18 or older: 40. 000 $.
In conclusion. the fees for obtaining citizenship by invest in real estate remain unchanged after the new decision, Unlike Grenada which has increased donation and real-estate investment fees.
We also remind you that Antigua and Barbuda is the only island that postponed the activation of the decision until 7/30/2024. For complete details on all Caribbean citizenship by investment programs, contact us at NTL directly.
Grenada Government Simplifies Citizenship Procedures
In an effort to simplify the process of obtaining citizenship, the Government of Grenada, one of the Caribbean islands, is seeking to make the application and follow-up process in two phases instead of one stage only. Therefore, the new procedure will significantly reduce the time taken for transactions.
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