Dominica Citizenship by Investment

Dominica citizenship by investment program

The Caribbean passport attracts foreigners who prefer the freedom of travelling and favorable taxation for minimal investment. This citizenship helps the investor to be welcomed almost worldwide: visa-free or simplified entry to 140 countries, including Hong Kong, Singapore, the UK and the Schengen area; the ability to issue long-term visas in the US and Canada (up to 10 years); the ability to transfer your business offshore with minimal taxation. Visiting the islands is not required, and membership in the British Commonwealth and CARICOM promises Caribbean citizens the freedom to travelling in Latin America and territories ruled by the Queen of the United Kingdom.

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Program's details

$100,000 of the minimum capital to participate in the program
Passports for the whole family including the spouse, children, parents and siblings
Second passport in 2-3 months without giving up the first one
Return on investment in real estate after 3 years
No need to live in Dominica and come to get the passport
Visa-free travelling to 140 countries including the UK, Hong Kong, Singapore and the Schengen area
Tax optimization for businesses and individuals
Privacy your new passport is not reported anywhere

About the Program

The program exists for more than 20 years, since 1993. Early on, the conditions were not so attractive. For instance, the investor had to live on the island for at least 5 years and the list of relatives was much shorter.

Today the Commonwealth of Dominica is one of the cheapest and fastest programs in the world: the entry threshold is $100,000 and the registration period can take only 2-3 months, while the newly-made citizen has the right to return the investment in 3 years.

The citizenship via investment program offers two options to choose from, which are donations to the The Economic Diversification Fund (EDF) or a returnable investment in real estate in Dominica. In the first case, the entry threshold is at $100,000 (if there is only one applicant), in the second case it is $200,000. Investments in real estate can be returned in 3 years. Under similar Caribbean programs, the term of return of capital starts from five years).

Both children and the wife/husband of the main applicant, as well as parents and young childless siblings on both sides, apply for a passport. Each additional applicant significantly increases the cost of the procedure. But for large families, the program is profitable, because, for example, when investing in real estate (can be a hotel or a private villa), families of 7 or more people pay a fixed state fee, and not an additional fee for each relative, as other Caribbean programs offer.

The Dominica passport gives you the right to transfer your tax residence to an offshore zone and not pay taxes on wealth, dividends, world income, gifts, inheritance. You can live and work in this tax regime not only in Dominica, but also in  one of the CARICOM member states.

Citizenship is valid for life and can be inherited. The registration procedure can only be completed through government authorized agents of Dominica.

Investment Options

$ 100 000+

Non-refundable fee

A donation to the The Economic Diversification Fund (EDF).

This investment is non-refundable.

State fees are paid for including family members:

  • $50,000 for a spouse, a brother or sister of 18-25 years of age;
  • $75,000 for a family of 4 (an investor, their spouse, children, parents);
  • $25,000 for each additional applicant, who is not included in other categories.
$ 200 000+

Real estate investments

Invest to the approved list of projects.

The investment is refundable: it can be resold 3 years after receiving the passport, or 5 years later, if the buyer also participates in the economic citizenship program.

State fees are paid for including family members:

  • $25,000 per applicant;
  • $35,000 for a family of up to 4 people (with the exception of brothers and sisters);
  • $50,000 for a family of up to 6 people (excluding siblings);
  • $70,000 for a family of 7 or more (excluding siblings);
  • $25,000 for a brother or sister under 18;
  • $50,000 for a brother or sister of 18-25 years of age.

Family Members

The government of Dominica offers an expanded immigration program. The investor has the right to include in the application not only the spouse and children, but also parents and siblings.

A spouse

With official marriage certificate. 

Children

Financially dependant, under 30 years of age. No restrictions for children with meical disabilities. 

Parents

Financially dependant, over 55 years of age.

Siblings

Under 25 years of age, unmarried, without children. Can be siblings of the investor or their spouse. 

Requirements for Applicants

There are no requirements for knowledge of the language, history or culture of the country. The most important thing is to successfully pass a security check and confirm the legal origin of the capital.

Requirements for the main applicant

  • At least 18 years old
  • No criminal record
  • Passed the security check
  • The origin of capital is legal
  • Health in a good condition

The application can declined, if you:
– violated the visa regime of the EU, the US, the UK and Canada;
– are under investigation or has committed criminal offences;
– cannot confirm the legal source of funds;
– pose a threat to the reputation and national security of Dominica.

Requirements for other applicants

  • Good health (does not suffer from socially dangerous diseases)
  • No criminal record
  • Proved financial dependency
  • A security check (all family members over the age of 16)

Documents

All documents must be translated into English by a licensed professional, notarized and have an apostille stamp.

Personal documents

  • Application (form D1)
  • Fingerprints (form D2)
  • The medical certificate and questionnaire (form D3)
  • Investment agreement (form D4)
  • Colored copies of all available passports
  • Copies of birth certificates, marriage or divorce certificates, driver's licenses, and military ID cards
  • Certificate of non-criminal record (for all applicants over the age of 16)
  • 8 photos
  • Confirmation of your current residential address
  • Copy of your diploma
  • Recommendation letter from the school Director / University rector for children of the age 12-18
  • Summary of the main applicant
  • Certificate of employment

Financial documents

  • Confirmation of all fee payments
  • Account statements for  the past 12 months
  • Notarized written evidence of the source of funding
  • Purchase and sale agreement (for real estate investment)

Additional expenses

Verification of trustworthiness

- The main applicant – $7,500 
-  Their spouse – $4,000 
-  Dependants 16+ years – $4,000

Administrative fee

- Application processing – $1,000
- Issuance of a certificate of naturalization – $250 per person
- Fee for accelerated passport issuance procedure - $1,200 per person

Lawyer's fee

The fee of an accredited agent for supporting the procedure of obtaining citizenship is $15,000-50,000, depending on the family composition and the prices of a particular company.

Rights and Obligations

Foreigners with investment citizenship have the same rights as any other resident of Dominica.

  • Living, working and making business in Dominica and the CARICOM member countries.
  • Travelling without a visa to 140 countries, including Britain, Hong Kong, Singapore, and the Schengen area.
  • Living in the country without time restrictions. There are no minimum stay requirements.
  • The right to a second, third, and subsequent passport.
  • The right to transfer citizenship by inheritance.
  • The right to issue a local driver's license.
  • The right to open a local bank account and register a company in Dominica.
  • The obligation to pay taxes regularly, if you spend more than 183 days a year on the Islands. There are no requirements for a mandatory change of tax residence.
  • Obligation to maintain investment in real estate for 3-5 years.

The procedure for obtaining

1
Consultation with an advisory agent
1-3 days
An accredited agent advises the investor and performs a preliminary security check. If there are any issues that may negatively affect the final decision on the application, all risks are also discussed with the client at that moment.
2
Submission of documents
1 week
All documents must be translated into English and apostilled. The finished package is sent to the government of Dominica.
3
Request confirmation
1-3 months
The government of Dominica receives a package of documents and conducts due diligence. A positive decision is made on the application during that time, and the applicant receives a letter with further instructions on how to transfer the necessary amounts for the selected option. The certificate of naturalization is sent to the applicant after receiving the fee.
4
Getting a passport
1 week
The agent passes the passports to the investor and their family. No need to fly to Dominica to obtain passports or take the oath of office.

Companies working with this program

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