The Dominica Citizenship by Investment Program is offered by the Government of the Commonwealth of Dominica. It allows foreign individuals and their families to make a qualifying investment in the country to obtain citizenship.
The Dominica Citizenship by Investment program was established in 1993 and is one of the longest-running and most reputable citizenship-by-investment programs in the world. The Citizenship by Investment Unit (CBIU) is responsible for processing the applications.
Dominica is an island nation located in the Caribbean Sea. It is renowned for its natural beauty, including lush rainforests, stunning waterfalls, and pristine beaches. The island offers a relaxed and laid-back lifestyle, making it an appealing destination for those seeking a peaceful and serene environment.
Dominica Citizenship Benefits
Being a citizen of Dominica, you can enjoy numerous advantages.
- Visa-free or visa-on-arrival travel to around 120 countries and territories worldwide while holding a Dominica passport
- Minimal taxation, with no wealth, gift, inheritance, foreign income, or capital gains taxes
- No requirement to live in Dominica before or after getting the citizenship
- Allow dual citizenship: individuals can retain their current citizenship while also becoming citizens of Dominica
- A stable political system, low crime rates, and a peaceful environment
Dominica Citizenship by Investment Overview
The following family members of the main applicant can be included in the application for Dominica citizenship:
- Children under the age of 18
- Children aged between 18 to 30, who are in attendance at a recognized institution of higher learning and substantially supported
- An unmarried daughter aged under 25, who is living with and fully supported by the main applicant
- Parents and grandparents over the age of 65
Dominica Citizenship by Investment Options
To qualify for the Dominica Citizenship by Investment Program, applicants must meet certain eligibility criteria and make a significant financial contribution to the country. There are 2 investment options available, including:
- Economic Diversification Fund (EDF)
- Real Estate
Economic Diversification Fund (EDF)
The Economic Diversification Fund (EDF) is a program initiated by the Dominican Government to promote national development by supporting socio-economic initiatives. It allows individuals to obtain economic citizenship in Dominica through a financial contribution to the EDF.
The funds raised through the EDF are dedicated to enhancing various projects in both the public and private sectors that require financial assistance. These projects include the construction of schools, the renovation of hospitals, the establishment of a national sports stadium, and developments across industries such as tourism, information technology, and agriculture.
In order to be eligible for Dominican citizenship under the Citizenship by Investment program, individuals are required to make a contribution to the EDF, which is non-refundable.
- USD$100,000 for the main applicant;
- USD$150,000 for the main applicant and spouse;
- USD$175,000 for the main applicant and up to 3 dependants;
- USD$25,000 for any additional dependant under the age of 18;
- USD$50,000 for any additional dependant 18 years of age or older;
In order to meet the requirements for Dominican citizenship through the real estate option, individuals need to acquire approved property with a minimum value of USD$200,000. The purchased real estate must be held for a period of 3 years from the date of citizenship approval, or 5 years if the property is intended for future resale to another citizenship by an investment applicant.
- USD$25,000 for the main applicant;
- USD$35,000 for the main applicant and up to three dependants;
- USD$50,000 for the main applicant and up to five dependants;
- USD$25,000 for any additional qualified dependant;
Why Choose TWA?
We highly recommend interested applicants use representatives or agents to apply for the Citizenship by Investment Program.
These professionals have expertise and knowledge in the application process, ensuring that applicants meet all requirements and submit accurate applications. They can help streamline the process, provide access to networks, and facilitate communication with relevant authorities. Agents also offer support during the due diligence process, ensuring compliance with legal regulations. Moreover, they can bridge language and cultural gaps for applicants unfamiliar with the country’s official language or culture.
However, it’s crucial to choose reputable professionals authorized by the government to ensure a successful and smooth application process.