DOMINICA

Description

Dominica-  Citizenship by investment

Dominica … is one of the most beautiful Caribbean islands, the nickname (Nature Land) derives from the pure natural beauty, while the island deemed as the smallest island among the others. It is worth saying that the island is home of the Sperm Whale (whales’ amber) along with a huge number of whales and dolphins, as a result, it bings a great economic importance.

Dominica is located in the middle of the Lesser Antilles between the French islands of Guadeloupe and Martinique. The average area is 750 km2 .It has an estimated population of 73.000 people. Roseau is the capital of the state. English is the official language, and the currency is East Caribbean dollar, denoted by XCD (every 1 USD equals 2.7 Eastern Caribbean dollars). It should be noted that Dominica follows a monarchy as Queen Elizabeth II is considered the honorary head of state.


How to obtain citizenship by investing in Dominica?

Applicants under Dominica Citizenship by Investment Program, must choose one of two potential routes of citizenship:

  • Government non-refundable Donation to Economic Diversification Fund (EDF);

The minimum investment is $100,000 for a single applicant, in addition to Government Fees, Administrative Fees, and Due Diligence Fees.

For a family of 4 members, the minimum investment is $ 200,000.

$ 25.000: Additional fees for each new member after the second child.

* In addition to Government Fees, Administrative Fees, and Due Diligence Fees.
  • Purchasing a property from one of the real estate projects approved by the government; 

The property must value $ 200.000, with a commitment not to sell for 3 years.

Government expenses for a family of 4 people are $ 35,000.

Government expenses for a family of 6 people are $ 50,000.

*In addition to Government Fees, Administrative Fees, and due Diligence Fees.


Benefits of Dominica Citizenship Program:

  • The ability to include the spouse and children under the age of 30 in the main application.
  • The ability to include the father, mother, of both the applicant and / or spouse.
  • The ability to pass one’s citizenship to future generations by descent as it is a first-class citizenship.
  • Dual Nationality: No obligation to relinquish current nationality.
  • No language requirements for residence or citizenship.
  • Qualified investment by the government is the only eligible for successful application. Unlike other investment programs.
  • Full confidentiality in carrying out the procedures.
  • Paying the minimum administrative fees for the transaction, while the large investment value is paid after the government’s approval of the citizenship application.
  • No interview, education, or management experience required.
  • No requirement to reside in Dominica before, during, or after citizenship is granted.
  • The program is considered the most economical program worldwide in obtaining citizenship by investment for one person only (donation option).

What are the advantages of obtaining citizenship from Dominica?

  • Access more than 119 countries with Dominica passport without the need to apply for a visa, including Europe’s Schengen area, the United Kingdom, Russia, Singapore, and Hong Kong.
  • Ownership of the 41rd ranked passport in the world.
  • Possibility of establishing a company in any country in the world.
  • Lowest tax rates and free trade environment.
  • Beneficial tax regime – you will not be liable to any income tax, capital gains tax or inheritance tax.
  • Ability to study in one of the most powerful universities in the world.

Required Documents for application:

  • Birth certificate for all applicants and a marriage certificate.
  • Clear criminal record.
  • A bank financial statement with proof of a legal source of income
  • Medical examination (health certificate that it is free of diseases)
  • CV and recommendation letters.

Steps to Obtain Citizenship by Investment From Dominica Island:

  • Sign the contract with NTL and make the down payment. ( START)
  • Prepare ALL the Required Documents by the investor, with the support of our office and legal teams, who will review, translate and check-up the entire file before sending it to the island’s lawyer. (Estimated Time 30-45 days)
  • Sending the documents to the Island where our lawyer will check the papers for the last time before submitting the application, and the Transfer the Government first payment to submit the Documents. (Estimated Time 15 days)
  • From now on we have 60 days processing time, As per Government announcement (60 working days). (Estimated Time 60 days)
  • Government Approval of the Application. Making the final payment to the Government. (Estimated Time 10 days).
  • Issuing the naturalization document.
  • Printing the Passport. (Estimated Time 10 days)
  • Handover or sending the “Naturalization Document” and the Passport to a convenient place. (Estimated Time 5 days).
Dominica Visa free traveling NTL

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