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 is 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.

This country 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

The capital of the state is Roseau.

The official language:

English is the official language in Dominica.

The currency is East Caribbean dollar, denoted by XCD

Every 1 USD equals 2.7 Eastern Caribbean dollars.

How to obtain citizenship by investment from Dominica?

Applicants under Dominica Citizenship by Investment Program must choose one of the two following options:

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

$100,000 for a single applicant.

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

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

Siblings are no longer considered dependents.

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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.

Siblings are no longer considered dependents.

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In addition to Government Fees, Administrative Fees, and Due Diligence Fees.

Advantages of this Program:

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

What are the benefits of obtaining dominican citizenship?

  1. Access more than 119 countries with Dominica passports without the need to apply for a visa, including Europe’s Schengen area, China, Russia, Singapore, and Hong Kong.
  2. The Dominican passport is ranked the 41st globally.
  3. Ability to study in one of the best universities in the world.
  4. Dominica is a signatory of double taxation treaties with the USA and the CARICOM.
  5. Currency is pegged to the US dollar, which provides certainty and stability in exchange.
  6. Personal tax only applies if you reside and earn income in the country.
  7. There is no restriction on the repatriation of profits and imported capital.
  8. Generous incentive packages include corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance.
  9. Investment opportunities that encourage you to unleash your entrepreneurial spirit.
  10. CARICOM Treaties that allow free trade between the Caribbean countries.

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:

Step 1: Pre-Application Assessment:

Provide us with a copy of all applicants’ passports once you have agreed on the investment routes. We will conduct a free pre-screening and application assessment, including a general due diligence check.

Step 2: Signing the Contracts:

Sign the contract with NTL and make the down payment.

Step 3: Application Preparation
We will assist you in filling out the necessary application forms and checking all the required documents.

Step 4: Submitting the Application
We will support you in paying the government and application submitting fees. Afterwards, we will apply to the Unit.

Step 5: Government Approval of the Application
The Unit will issue the approval letter.

Step 6: Payment for Donation or Investment
You will make the final payment to the government.

Step 7: Issuing Your Citizenship Certificates and Passports
The Unit will issue the certificates of citizenship, and after that, the Passport office will issue the passports.

Step 8: Closing and Transfer
We will send all your new original documents: including your citizenship certificate and your new passport to the address you provide through a courier or hand them over to you at one of our offices.

Info & useful links about Dominica

What is the CARICOM Convention? Click here to read more.

The citizenship by investment program  from Dominica is one of the best programs in the world, click here for more 

Dominica imposes conditions on three countries for its citizenship, click here for more 

The Government of Dominica has signed an agreement to build its first international airport, click here for more 

 

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