Dominica citizenship by investment. How to get and what a foreign investor needs to know
Dominica has a pleasant climate, especially during the cooler period from December to March. Travelers describe Dominicans as the friendliest people in the Caribbean. Because of the mountainous terrain only about a quarter of the island is cultivated but the rich soil produces good domestic and export crops. Organic farming is encouraged and has great economic potential.
In recent years thanks to increased investment in real estate the country's economy are now heavily dependent on tourism. Dominica boasts a virtually non-existent crime rate and the currency is the East Caribbean dollar pegged to the US dollar.
Benefits of the Dominica Citizenship by Investment Program
• Visa-free or visa-on-arrival at 145 destinations worldwide;
• Ability to include spouse children under 31, unmarried siblings under 26, parents and grandparents of any age, and add dependents after citizenship is granted to the main applicant;
• Citizenship by descent is available to future generations;
• The right to live, work and study in Dominica;
• There are no restrictions on dual citizenship in Dominica;
• No minimum stay required.
Dominica Citizenship by Investment Requirements
To qualify for citizenship under current law applicants can choose one of two options:
• Non-refundable contribution to the Economic Development Fund in the amount of 100,000 US dollars;
• Investment in an approved real estate project with a minimum value of $200,000.
Background checking of personality
Dominica's Economic Citizenship Program only accepts individuals of outstanding character and reputation. To ensure that only credible people with impeccable reputations obtain citizenship, the Government of Dominica has established an outstanding private investigative agency that conducts a comprehensive due diligence procedure for all applicants over 18 years of age. Dominica is committed to an exemplary standard of due diligence to protect the integrity of its citizenship investment program and only persons without criminal records and whose funds were obtained legally can obtain citizenship in the country.
To obtain permission to obtain citizenship in Dominica applicants must have excellent health and show that they do not suffer from any contagious diseases.
Procedures and terms of the Dominica Citizenship by Investment Program
The applicant and his family must take an oath before an authorized notary, justice of the peace, or oath commissioner. Once the oath of office has been taken the application for citizenship is further processed and certificates of citizenship are issued properly. There are no physical residency requirements. However, the government is encouraging the continued participation of new citizens in the economy and substantial incentives are being offered to make greater participation an attractive option.
The successful applicant has the right to settle in Dominica at any time and for any length of time. Any applicant who has been denied a visa to a country with which Dominica has a visa waiver agreement must subsequently successfully obtain a visa from that country to be eligible to apply.
Applications are processed by the Citizenship by Investment Unit, a dedicated government agency within the Ministry of Finance that is responsible for administering the program. Application processing time is currently three months from receipt of a fully completed application.
The Commonwealth of Dominica Citizenship by Investment Program does not require language, age, business experience, or education, nor does it require a mandatory interview. An economically secure country with a parliamentary democracy it has one of the highest standards of living in the Caribbean, has no taxes for non-residents, has the lowest crime rate in the entire region, and is arguably one of the most beautiful places on earth with lush green mountains countless untouched rivers and waterfalls and stunning white and black sandy beaches. Best of all, the Commonwealth of Dominica offers the cheapest citizenship by investment program in the world with a reliable second passport for as little as $100,000.
4 minResidence permit
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Persons can visit hotels and stay there (outside hotel room) only if they wear respirator or face mask (including homemade mask), so that the nose and mouth are covered.
Hotel guests are obliged to keep the 1.5 meters distance.
Online check-in making in advance is recommended to avoid queues at check-in to hotel.
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