Dominica – Citizenship by Investment Programme Info
The Commonwealth of Dominica is an independent English-speaking island, a former British colony and a moment of the British Commonwealth. The island lies between the French islands of Martinique and Guadeloupe. It is also a member of the UN. The island attracts tourists from countries all across the world, enticing individuals with its beautiful and unspoilt oceans and beaches, lush greenery and warm temperatures. With a population of just 71,000, the island of Dominica offers a quiet escape.
In 1993, Dominica started its citizenship by investment programme in an attempt to boost the country’s economy. The country’s economy relies heavily on toursim. Amongst its other achievements, Dominica boasts an extremely low crime rate and a currency which is pegged to the US dollar.
English is the official language, but a French patois is commonly spoken, and the original Carib language is evidenced in a number of place-names. The majority of the population is Roman Catholic, but there are also Methodists, Pentecostals, and Seventh-day Adventists.
Dominica has long run a program that offers citizenship and residency through investment in the country. Participation in the programme means that individuals will be able to benefit from citizenship in Dominica in exchange for a set monetary investment. The investment amounts which individuals can choose between in order to qualify are either:
- A non-refundable contribution to the Economic Development Fund of USD 100,000
- An investment in an approved real estate development with a minimum value of USD 200,000
If you are interested in taking up this opportunity in Dominica, our specialist lawyers can assist from our Mayfair offices. We will guide you through the investment process and help you to ensure that you have the necessary documentation and funds in place.
The Citizenship by investment Program of Dominica is administered by a Dominican Government department called the FSU (the Financial Services Unit).
The program commenced in 1993, and is well respected.
What does Dominica Citizenship by Investment program guarantee ?
Citizenship of Dominica is guaranteed for life. The Dominica passport is valid for ten years in the case of adults and five years for children. At this point, the passport can be renewed.
Holders of the Dominica Citizenship by Investment status enjoy a number of benefits:
- Visa-free or visa-on-arrival travel to 141 destinations including Europe’s Schengen Area, Hong Kong, and Singapore
- Ability to include a spouse, children under 30, unmarried siblings under 26, parents, and grandparents aged 55 and over, as well as to add dependents after citizenship has been granted to the main applicant
- Citizenship-by-descent available for future generations
- Full residence status, with the right to live, work, and study in Dominica
- No restrictions on dual citizenship in Dominica
- No minimum stay required
- pay no tax on foreign income
- pay no capital gains
- pay no gift, wealth and inheritance taxes
What kind of Investments can you make?
Direct Cash Investment:
The main applicant pays $200,000 (US Dollars) which qualifies the main applicant, spouse and two (2) children under eighteen for citizenship by investment.
Additional members of the family are charged as follows:
(a) An additional $15,000 (US Dollars) per child for children who have turned 18 years but are less than 21 years old.
(b) An additional $25,000 (US dollars) is required for any additional child over twenty-one years of age.
If the applicant is a single applicant, seeking a Dominica passport by investment they would only be required to make cash investment of US$100,000.
Other Fees, including processing fees and stamp fees apply.
Please contact our specialist Dominica lawyers for more guidance.
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