Dominica, an emerald-green Caribbean island, is characterized by its mountainous landscape, diverse exotic national parks, and the world’s second-largest boiling lake. Its tropical climate offers pleasant weather throughout the year. Since gaining independence in 1978, Dominica has been a steadfast member of the Commonwealth.
Dominica Investment Program
Dominica launched its Citizenship by Investment Program back in 1991 as part of its Economic Citizenship Program. It’s now recognized as one of the most beneficial and longest-standing programs of its kind for those desiring a second passport. One can obtain Dominican citizenship by investing in the country’s real estate sector or by contributing to the National Transformation Fund of Dominica. Trust CBF to assess your ambitions and provide the best investment strategies to secure your Dominica citizenship.
The allure of Dominica’s citizenship lies in the nation’s warm reception of investors through various incentives that promote investment. Becoming a citizen of Dominica presents the opportunity to work, study, or conduct business in this paradise. The Dominica citizenship by investment program stands out for its simplicity and expedience, offering a viable option for those considering citizenship pathways.
Prime Minister Roosevelt Skerrit’s words embody the sense of unity and shared prosperity that forms the bedrock of the Dominica community. In his words, “When you become a citizen of Dominica, you become part of our family. Your participation in the citizenship program enables the construction of our roads, hospitals, and schools through your capital investment.” This statement not only resonates with the values of societal development but also throws light on the vital role that investors play in the holistic growth of the island nation.
As an investor, you aren’t just attaining a valuable second passport or expanding your global mobility. You’re becoming an integral part of a growing community, a ‘family’, contributing to the country’s socio-economic development.
Criteria to Qualify for Dominica Citizenship (Passport)
- Applicants should be a minimum of 18 years old,
- Dependent children aged between 18 to 30, who are primarily reliant on the Main Applicant or their spouse for financial support,
- Unmarried daughters under the age of 25 of the Main Applicant, mainly dependent on the Main Applicant or their spouse,
- Physically or mentally challenged children over the age of 18, dependent on the Main Applicant or their spouse,
- Parents and parents-in-law aged above 65 may be included in the application, provided they are financially supported by the Main Applicant or Spouse,
- The Main Applicant and all dependents must maintain a globally clean criminal record.
Explore Unrivaled Investment Opportunities to obtain Dominica Passport
The Dominica Citizenship by Investment Program offers two primary investment routes for individuals seeking to acquire Dominica citizenship.
- Economic Diversification Fund (EDF): This is a non-refundable donation made to the government, the amount of which depends on the number of applicants:
- Single applicant: USD 200,000
- Main applicant and spouse: USD 250,000
- Family of four (main applicant, spouse, and two dependents): USD 250,000
- Each additional dependent: USD 25,000
- Real Estate Investment: This route requires an investment in government-approved real estate to a minimum value of USD 220,000, which must be maintained for at least three years. Additionally, the following government fees apply:
- Single applicant: USD 75,000
- Main applicant and spouse: USD 100,000
- Family of four (main applicant, spouse, and two dependents): USD 100,000
- Each additional dependent: USD 25,000
Both options also require payment of due diligence and processing fees. Successful applicants gain access to numerous benefits, including the ability to live, work, and study in Dominica, visa-free or visa-on-arrival travel, and no taxation on non-resident income.
Why do investors choose Dominica CIP?
- Efficient Processing: Obtain your passport within a short span of 4 to 6 months,
- Travel Freedom: Enjoy visa-free travel to over 140 countries, inclusive of the United Kingdom, Russia, Hong Kong, the European Schengen States, and the newly included Brazil and Azerbaijan,
- Minimal Requirements: There’s no need to demonstrate business acumen, source of income, educational qualifications, English language proficiency, or to undergo an interview,
- Residency Flexibility: No mandatory residency period,
- Dual Citizenship: Retain your existing nationality while enjoying the benefits of Dominica citizenship,
- Inclusive Citizenship: Extended citizenship benefits to adult children, parents, grandparents, and siblings,
- Lifetime Citizenship: The citizenship is lifelong and can be passed on to future generations,
- Tax Efficiency: No taxation on wealth, gifts, inheritance, foreign income or capital gains,
- Banking Privacy: Enjoy the privacy and security offered by the country’s banking system,
- No Compulsory Military Service: There is no mandatory conscription to the armed forces.
Furthermore, Dominica offers numerous benefits to various demographics, including investors, young immigrants, entrepreneurs, and retirees. Notably, the cost of living is surprisingly low, allowing you to enjoy a culturally rich, and uniquely Caribbean lifestyle at a fraction of the cost compared to your home country. This holds true even for those on a retirement budget. Recent advancements in infrastructure have simplified real estate purchases for retirees and foreign investors, bolstering their confidence in making a home in Dominica.
Living Expenses in Dominica
Dominica is a Caribbean gem where the real estate market presents excellent value for money compared to other regional destinations. The overall cost of living on this tropical island is surprisingly affordable. Regular flights to numerous global destinations are reasonably priced, making it convenient for frequent travel.
With a monthly income of just $1,355, you can enjoy a comfortable lifestyle in Dominica, complete with luxurious amenities that might be unattainable in your home country. Weekly grocery expenses for a couple amount to approximately $120, encompassing supermarket items, seafood, and fresh fruits and vegetables.
If you opt to invest in personal property, you’ll significantly reduce your monthly expenditures. This choice is particularly appealing given that real estate in Dominica is far more reasonably priced than in other Caribbean nations. When compared to Iran, the average living cost in Dominica is only about 4.9% higher, while property rental is 41.36% cheaper.
Process of Acquiring a Dominica Passport
Our CBF citizenship consultant team will guide you meticulously through each step involved in obtaining your second passport. Put all your concerns to rest! We value your trust as our prime asset. Our group of experts will thoroughly evaluate your circumstances, providing optimal support throughout your journey toward acquiring Dominica citizenship.
Stage 1:
With guidance from Cross Border Freedom Company experts, you’ll select the most suitable investment option and will submit your application.
Stage 2:
You will receive an acceptance letter once you have fulfilled all the required conditions. This is your initial official document, marking the approval of your application.
Stage 3:
The Government of Dominica will thoroughly review your application, background, and supporting documents.
Stage 4:
Once the background verification is concluded and all essential documents from the investor have been received, the next step involves transferring the investment amount.
Stage 5:
Subsequently, a citizenship certificate will be issued in your name.
Stage 6:
In the final stage, you’ll receive your passport, officially marking you as a citizen of Dominica.
Some common questions about Dominica’s Citizenship by Investment Program:
- How to Renew Your Dominica Passport?
For assistance in renewing your Dominica passport, Cross Border Freedom Company, with its wealth of experience in this area, is ready to guide you. Alternatively, you can approach the nearest Dominica embassy and file your passport renewal application.
- How much is the Minimum Fee for Dominica Passport?
Excluding the processing costs, the minimum non-refundable donation required for a Dominica passport is USD 200,000.
- What is the easiest way to Obtain Dominica Citizenship?
Both investment options follow identical procedures and regulations. Investment in government-approved projects is often preferable for families, while for single applicants, the non-refundable donation option is usually more affordable.
- For how long can you Stay in England with Dominica Passport?
With a Dominica passport, you can stay in England for up to six consecutive months.
- What is the Residency Requirement for Dominica’s Passport?
There is no obligation to reside in or travel to Dominica to acquire citizenship.
