The Commonwealth of Dominica or simply Dominica for short is an island of volcanic origin located in the Eastern Caribbean Sea. Often referred to us a tourist’s paradise, the country is known for its lush green forests, volcanic activity, and high mountain ranges. Having gained independence from the United Kingdom in 1978, the country today is a recognized member of several international organizations such as the CARICOM and OECS. Although Dominica’s economy had grown at a slower rate when compared to some of its neighbors, the country today has strengthened its position partly due to the diversification of its agricultural sector and thanks to its rapidly growing tourism industry.
About the Country in Numbers
Dominica is amongst one of the few countries in the Caribbean where the native island Caribs still reside. Furthermore, the country consists of nine volcanoes and is also home to the world’s second largest boiling lake.
About Dominica Citizenship by Investment Program
With investment plans available from USD 100,000, Dominica’s Citizenship by Investment program is one of the most economical investor immigration programs in the world. The program which operates under Article 101 of Dominica’s constitution and Article 8 and 20 of its Citizenship Act, permits high-net-worth individuals to acquire citizenship and a second passport from the country by either donating a non-refundable amount to Dominica Economy Diversification fund or by investing in local real estate.
A Dominican Citizen or Passport holder can travel to up to 152 countries across the world without a visa. The citizenship gained through their economic citizenship program has lifetime validity and can be transferred down to future generations. Perhaps, the biggest reason as to why the Dominica Citizenship by Investment program is so popular among investor is because of the reason that, the program does not have any residency requirement. It is mandatory under Dominican law that all citizenship by investment applications should be submitted through an accredited program agent. Here at DM Citizenship by Investment Consultants, we help investor obtain Dominica passport and citizenship through their investor program without any hassles. For more information, schedule a consultation with our immigration consultants.
Minimum Investment Required (Contribution to Dominica Economy Diversification Fund) is USD 100,000.
Passport Issuance Time
From initial application to passport issuance the normal timeframe is 4-6 months.
Travel without any visa restrictions to more than 150+ countries.
The applicant can add his/her spouse, children less than 30yrs of age, and parents over the age of 55 as dependents in their application.
Benefits of Dominica Citizenship by Investment
Although there was a restriction for certain nationalities in terms of applying to the program, Dominica has since then changed its policies and the program is now open to all nationalities.
- Visa-free travel of 150+ countries including the EU
- Dual Citizenship is Permitted
- Citizenship Acquired is valid for Lifetime
- The applicant is not required to reside in the country before, during, or after the application process.
- No taxes are levied from nonresidents.
- Applicants are not required to fulfill any education or managerial criterions.
Minimum Investment: $100,000
The Dominica Economic Diversification Fund has been setup to secure funds necessary to initiate and complete various public and private sector projects. A single applicant here is required to make a non-refundable donation of USD 100,000, while for a family of four, the contribution required is USD 175,000.
Real Estate Investment
Minimum Investment: $200,000
Under the real estate investment option, the investor is required to make a real estate investment worth USD 200,000 in a government-approved property within the country. Additionally, the investment made should remain in place for a minimum of three years.
Dominica Citizenship by Investment
Prior to officially submitting your application, the DM team will perform a preliminary check. This is done to understand the possible risks to your application getting approved and thereby find solutions for them.
Once, all possible risks have been identified and solved, we proceed to prepare the documents needed to officially submit the application to Dominica’s CBI Unit.
Due Diligence Check
Once we’ve checked, verified, and prepared the documents, we’ll submit your application to Dominica’s CBI Unit. The concerned department will carry out a due diligence check to verify all the information listed in the investor’s application. It is mandatory for the investor along with his/her dependents over the age of 16 to undergo such a due diligence check.
Approval of Application
In most cases, the investor will receive the notification about his/her application if it is successful within a period of 30-45 days.
Fulfillment of the Investment Criterion
Upon approval of the application, the investor is required to fulfill the investment condition.
Get the Passport
Once the investment made been made and verified, the applicant along with his/her dependents shall receive their passports within 4-6 weeks.
Get in Touch
We assists international clients in obtaining residence and citizenship under the respective programs.
Get in Touch
Congratulations you have taken first step towards a better future. Our team will contact you as soon as possible.