Dominica Citizenship by Investment Program

Dominica Citizenship by Investment Program

The Dominica Citizenship by Investment Program is among the most popular and competitive routes to acquire legal second citizenship in the Caribbean. Dominica passport holders are eligible to travel visa-free to a total of 130 countries, including major business hubs such as the UK, Hong Kong, and Singapore. Also, Dominica’s economic citizenship program has restricted only a few nationalities from applying. Currently, applicants have a choice between two different investment routes if they wish to acquire a second citizenship and passport from Dominica. If you are hoping to invest in Dominica and become a Dominican national, get in touch with PassPro Immigration Services today. We are an independent and government authorized citizenship agency that offers a fast, cost-effective, and efficient route to Dominican Citizenship.

Country Profile

Visa free countries

130

Population

73,000

Currency

East Caribbean dollars (XCD), tied to USD

Time Zone

UTC-4

With stunning mountain scenery, redolent colonial architecture, and white sandy beaches, Dominica is arguably the Caribbean’s most beautiful island country. Officially termed as the “Commonwealth of Dominica,” the country offers one of the oldest and most prestigious economic citizenship programs in the Caribbean. The country has a mixed economic system that is dependent mainly on agriculture and the financial service sector. A unitary parliamentary democracy governs Dominica within the president, acting as the head of the state. The country is also a member of several international organizations, including CARICOM, OECS, and Commonwealth of Nations. Having been a former French and British colony, English is the official language within the country.

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Legal Basis

The Dominica citizenship by investment program is the most affordable among all the other Caribbean-based citizenship programs. Operational since 1991, Dominica’s economic citizenship program is legally entrenched in the country’s constitution and citizenship act. The constitutional law and subsequent amendments provide the Dominican government the right to legally grant individuals from other countries with secondary citizenship and passport.

General Requirements to Obtain a Commonwealth of Dominica Passport

Apart from the investment criterions that applicants must fulfill, there are certain other requirements that each investor should satisfy to obtain citizenship from the Commonwealth of Dominica:

  • Applicant must be at least 18 years of age.
  • Should hold no criminal records.
  • Should undergo due diligence checks and gain approval.
  • Should be able to prove the legitimate nature of their investment source.
  • Should be of good health.

Dependents who are eligible to obtain a Dominica passport along with the principal applicant includes:

  • Spouse.
  • Children under the age of 30 (Children older than 18 shall be considered as an adult-dependent).
  • Parents and Grandparents (if financially dependable on the main applicant).
  • Unmarried siblings up to age 25.

Timeline

In an ideal scenario, one can get citizenship and passport from Dominica through their investment program in approximately 3-6 months. For details on advisory fees or to receive a personalized quote based on the age and number of dependents, contact our team today!

Month 01

  • Applicants are required to undergo a prequalification check.
  • All the necessary documents are prepared.
  • Payment of due diligence and associated fees and reserving the selected property investment within the country.

Month 02-03

  • The citizenship application is submitted to Dominica’s Citizenship by Investment Unit (CBIU) for approval.
  • The concerned authority conducts due diligence checks through a trusted third-party service provider.
  • Dominica citizenship is granted to the applicant.

Month 04-05

  • The necessary donation or investment is to be made to the Government of Dominica or the real estate developer, respectively.
  • Citizenship certificate and second Passport is provided to the applicant.

Month 06

  • All the remaining fees are to be made upon the delivery of the Dominica passport.

Dominica Investment Options

 

Contribution to Government Fund*

Single Applicant

$123 810

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$218 740

Real Estate Investment*

Single Applicant

$278 810

Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)

$293 740

 

An investor can pursue two different investment routes to acquire citizenship through the country’s economic citizenship program legally.

EDF = The Economic Diversification Fund was set up by the Government of Dominica to strengthen its local economy by putting added focus on the education, agriculture, and industrial sectors. For a single applicant, he/she is required to make a non-refundable donation of USD 100,000 to the EDF. The required contribution will increase based on the number of dependents that the investor hopes to bring with him.

Real Estate = Under the real estate option, an investor must purchase a government-approved real estate property within the country, having a minimum value of USD 220,000. In addition to the investment, applicants are also required to pay government fees based on the number of dependents. The investor must keep the property in his/her possession for five years, after which it can be sold. Same buyer can be eligible to apply for his second citizenship and passport of Dominicia.

*The governing body of the Dominica citizenship program, the CBIU (Citizenship by Investment Unit) clearly states that applications to the program must be submitted only through a government-authorized agent such as PassPro.

Benefits of Obtaining a Dominica Passport by Investment

To acquire citizenship from the commonwealth of Dominica, applicants are not required to speak its official language or study its culture and history. Listed are some of the other significant benefits that come with a Dominican passport include:

  • Applicants are not required to reside in Dominica during the application process.
  • Enjoy visa-free entry to 130 countries.
  • Dominica does not levy any tax on the global income of its non-residents.
  • Only a few nationalities are restricted from applying to the program.
  • CBIU offers numerous family-friendly real investment packages that applicants can choose from.
  • The Commonwealth of Dominica does permit dual citizenship.
  • Dominica island passport enables its holder to enjoy life in their own country of residence.

Frequently Asked Questions

Do I need to submit a separate Dominica Citizenship by Investment application for each family member?

No, this is not necessary. Spouses and dependent children up to 30 years can be included within the same application to obtain Dominica citizenship and a Dominica passport through investment. You can also add your dependent parents and grandparents who are eligible.

What makes investing in a Dominica second citizenship legal?

What makes the Dominica citizenship by investment program legal, is the presence of a Constitutional Act that prescribes how an individual can become a Dominican citizen through investment, and ensures the citizenship granted is for life – meaning no one can revoke your Dominica citizenship even if government changes in the future. The Constitutional Act explains precisely how the applicant can invest in Dominica citizenship by investment. The Dominica second citizenship program requires the investor to apply through an authorized agent and invest in government funds or approved real estate projects, business ventures, or government bonds. The applicant also has to undergo a due diligence check and prove that he has a legitimate source of funds.

How can I be sure of my investment in Dominica real estate?

Investments can only be made in a Government Approved Real Estate Project. At PassPro Immigration Services, we regularly visit the island and vet projects first-hand so that we can give you sound and current advice on the best projects and reputable developers. We will help check the investment contracts on your behalf, pick the best units that can be rented or sold after the holding period, and negotiate the best package for your needs.

After I obtain my Dominica passport and citizenship, what resources are available to me for the next steps?

Acquiring second citizenship is not a transaction; we believe it is a lifelong relationship. Our ‘My PassPro’ portal is your online portal for enjoying life as a citizen of a new country. Just sign in and receive access to a host of specialized services, including Dominica immigration and visa updates, consular guidance, assistance opening bank accounts, and lots more.

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  • 4-5 months to complete.
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