Dominica
The Dominica Citizenship Investment Programme is offered by the Commonwealth of Dominica, which is an island-country in the Caribbean Sea. Dominica is known as the ‘Nature Island of the Caribbean’ due to its unspoiled natural beauty. It is covered in rainforest and mountainous peaks, and has three hundred rivers, countless waterfalls, and 148 km (91 miles) of coastline. Dominica also holds the world’s second-largest thermally active lake.
The island gained independence from Great Britain in 1978, after a long history of French and British rule. Dominica is a parliamentary democracy with a head of state as President. The country is a member of the Commonwealth of Nations , the United Nations (UN), the Caribbean Community (CARICOM), the OECS, the Organization of American States (OAS), and the International Organization of La Francophonie.
With its simple lifestyle and friendly community, Dominica Island has been named one of the happiest places to live in the world. This tropical paradise also has a vibrant culture, with European as well as African traditions.
One of the most popular and competitive routes to acquire legal second citizenship in the Caribbean is the Dominica Citizenship through Investment programme. A Dominica passport allows its holder to travel visa-free to a total of 130 countries, including major business hubs like the UK, Hong Kong and Singapore. Also, the citizenship program of Dominica is unique in that it does not restrict application by any particular national. The country has two different investment routes in place to attain a second Dominica Passport. If you wish to obtain a Dominican passport, please contact SUN today. We are an autonomous and government approved organization for citizenship providing a quick and secure route to Dominican Citizenship.
Dominica is arguably the most beautiful island country in the Caribbean, with stunning mountain scenery, redolent colonial architecture and white sandy beaches. Officially known as the “Commonwealth of Dominica,” the country offers one of the Caribbean’s oldest and most prestigious economic citizenship programmes. The country has a mixed economic system which is primarily dependent on agriculture and the financial services sector. Dominica is governed by a unitary parliamentary democracy within the president who acts as head of state. The country is also a member of several international organizations including CARICOM, OECS, and the United Nations Commonwealth. English was a former French and British colony the official language within the country.
The citizenship by investment plan Dominica provides is the most competitive of all the other citizenship services based in the Caribbean. Dominica’s citizenship by investment system has been operating since 1991 and is constitutionally enshrined in the country’s constitution and citizenship act. The constitutional law and subsequent amendments provide the Dominican government the right to grant individuals from other countries with citizenship and passport legally.
General Requirements
Apart from the investment criterions that applicants must fulfill, there are some other specific requirements that each investor should satisfy:
- Applicant must be at least 18 years of age.
- Should hold no criminal records.
- Should undergo due diligence checks and gain approval.
- Should be able to prove the legitimate nature of their investment source.
- Should be of good health.
Dependents who can obtain a Dominica passport along with the principal applicant includes:
- Children under the age of 30 (Children older than 18 shall be considered as an adult-dependent).
- Parents above the age of 55.
Dominica Investment Options
- Contribution to Government Fund
Single Applicant
$123 810
Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)
$243 740
- Real Estate Investment
Single Applicant
$268 810
Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)
$298 740
An investor can pursue two different investment routes to acquire citizenship by investment from Dominica legally.
EDF
The Economic Diversification Fund was established by the Dominican Government to strengthen its local economy by focusing additionally on the education , agriculture, and industrial sectors. He / she is expected to make a nonrefundable donation of USD 100,000 to the EDF for one single applicant. The contribution required will increase based on the number of depends the investor hopes to bring with them.
Real Estate
Under the real estate alternative an buyer must buy within the country a government-approved real estate with a valuation of USD 220,000. In addition to the investment, it also requires applicants to pay government fees based on the number of dependents. The buyer shall hold the property in his / her possession for five years after which he / she will re-sell it.
Benefits:
Applicants are not required to speak their official language or study their culture and history to acquire citizenship from the Commonwealth of Dominica. Some of the other major benefits that come with a Dominican passport are listed here:
- Applicants are not required to reside in the country during the application process.
- Enjoy visa-free entry to 130 countries.
- Dominica does not levy any tax on global income of its non-residents.
- No nationalities are restricted from applying to the program.
- CBIU offers numerous family-friendly real investment packages that applicants can choose from.
- The country permits dual citizenship.
- Dominica passport enables its holder to enjoy life in their own country of residence.
