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Dominica passport

 

About the Commonwealth of Dominica

 

The Dominica Citizenship Investment Programme is offered by the Commonwealth of Dominica, which is an island-country in the Caribbean Sea

 

Dominica is known as the ‘Nature Island of the Caribbean’ due to its unspoiled natural beauty. It is covered in rainforest and mountainous peaks, and has three hundred rivers, countless waterfalls, and 148 km (91 miles) of coastline. Dominica also holds the world’s second-largest thermally active lake.

After a long history of French and British rule, the island gained independence from Great Britain in 1978. Dominica is a parliamentary democracy with a President as the Head of State. The country is a member of the Commonwealth of Nations, the United Nations (UN), the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), the Organisation of American States (OAS), and the International Organisation of La Francophonie.

With its easy lifestyle and friendly community, the island of Dominica has been named as one of the world’s happiest places to live. In addition, this tropical paradise has a vibrant culture, with both European and African traditions.

Location

Dominica is located between the Caribbean Sea and the North Atlantic Ocean, approximately halfway between Puerto Rico and Trinidad and Tobago

 

The island can be reached from the United States and Europe through short stopovers in Antigua (ANU), Barbados (BGI), St Maarten (SXM), Puerto Rico (SJU), Guadeloupe (PTP), and Martinique (FDF)

 

Dominica Citizenship Investment Programme

The Dominica Citizenship Investment Programme has been operating since 1993. It is a highly reputable programme, and one of the oldest in the Caribbean. The Programme offers investors and their families full citizenship in exchange for an economic contribution to the country. Successful applicants will be are able to travel visa-free to around 120 countries including the European Union, the United Kingdom (UK), Brazil, Singapore, and Hong Kong

 

General Requirements

Applicants for the Dominica Citizenship Investment Programme, must fulfill the following conditions:

  • Be at least 18 years of age
  • Be of good character
  • Have no criminal record
  • Pass a detailed background check
  • Be able to provide proof of source of funds
  • Be healthy

Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents or grandparents

Benefits

  • Full citizenship status
  • No requirement to visit Dominica before, during, or after application
  • No interview requirement
  • No English language requirement
  • Low processing fees
  • Fast processing time
  • All nationalities are eligible
  • Dual citizenship is allowed
  • Social and political security
  • Visa-free travel about 120 countries (including the UK, the EU, and Brazil)
  • No foreign income, capital gains, gift, and inheritance tax
  • Life in a small, peaceful country

Financial Investment

To be eligible for Dominican citizenship by investment, a candidate must either make a significant economic contribution to a Government Fund or purchase approved real estate on the island. In both cases, the applicant must officially commit to making the investment before applying to the investor program, but does not actually have to pay in full until after approval in principle

 

Government Fund
The Dominica Government Fund finances public and private sector projects in the country in an effort to increase national development and support the islands social progress and financial security. Public sector projects identified for financing by the fund include renovating the local hospital, building new schools, constructing a national sports stadium, and promoting the Island of Dominica offshore industry. Private sector projects financed by the fund primarily focus on advancing the nation's information technology, tourism, and agricultural sectors

 

To qualify for Commonwealth of Dominica economic citizenship under this option, the following non-refundable monetary contributions must be made to the Government fund


Single applicant - USD $100,000
Main applicant and spouse - USD $175,000
Main applicant, spouse, and up to 2 children under 18 years of age - USD $200,000
Additional dependents - USD $25,000 each

 

These contribution amounts are significantly lower than other citizenship by investment countries in the region with comparable passports. The Dominican Economic Citizenship Program offers astounding value to its participants, and no other reputable investor citizenship program has such affordable investment criteria making Dominica the cheapest citizenship by investment program in the world. The cost to become a Dominica citizen will likely increase substantially in 2019 or 2020, bringing the country's prices more in line with other Caribbean citizenship programs

 

Candidates applying under the Government donation option must agree to pay the total amount specified by the program within 30 days of receiving an Approval in Principle letter from the CBIU. Until the applicant has passed the due diligence phase and is officially approved in principle, however, they are not required to actually make the contribution. Upon formally receiving conditional CBIU approval, donations are deposited by wire transfer into a designated governmental escrow account at the National Commercial Bank of Dominica. If an application is rejected or withdrawn, the candidate will be refunded the entire deposit amount minus a small application fee within one month of the rejection or withdrawal. If the application is successful, the money will be removed from the escrow account by the Government only after an Oath of Allegiance has been signed before a Notary Public and naturalization certificates as well as passports have been issued to the principal applicant and their family

 

 

Real Estate option 


Dominica is one of the most beautiful islands in the Caribbean with perfectly unspoiled nature - emerald green mountain sides cascade down to sensational coastlines and the mild Caribbean ocean. The island has 365 rivers, one of the largest thermally active "boiling lakes" in the world, an abundance of exceptional hot springs, and a wealth of coconut trees and bright tropical flowers. As people discover the amazing hiking, diving, bird watching, and other ecotourism activities offered on the volcanically active island, the number of tourists visiting Dominica each year continues to rise. Growing alongside the tourism industry, foreign ownership of real estate in Dominica has increased rapidly over the past few years. Americans are retiring to the country in record numbers, drawn to the islands natural beauty and peaceful way of life, and businessmen and businesswomen from around the globe are strategically investing in Dominica luxury resorts, particularly individuals from China, Russia, and the Middle East.

To qualify for Dominican citizenship under the real estate investment option, an applicant must buy approved real estate in the country for at least USD $200,000 and maintain ownership for a minimum of three years. If the applicant maintains ownership for five years, they are eligible to re-sell the property under the citizenship by investment program. The following Government application fees are due when applying to the Dominica Economic Citizenship Program under the real estate category:


Main applicant - USD $25,000
Spouse - USD $10,000
Family of up to 4 - $35,000
Family of up to 6 - $50,000
Family of 7 or more - $70,000

 

There are several Commonwealth of Dominica citizenship program authorized real estate projects currently under development in the country. One of the most promising is the secluded Cabrits Resort Kempinski by Range Developments, which will be a sensational luxury hotel with astonishing panoramic views of both the ocean and mountains. Another notable Dominica real estate development is the prestigious Tranquility Beach by Sunstone Incorporated, which will be an environmentally-sensitive resort with a world-class spa, wellness center, pool, and restaurant, all located on a gorgeous 4-acre plot of coastal land

 

 

Both of these CBIU approved real estate projects offer fractional ownership optimized specifically for citizenship by investment candidates. To officially secure an interest in a Dominican resort project in accordance with CBIU regulations, economic citizenship candidates simply make a 10% deposit towards the property and execute a sale & purchase agreement. Once approved in principle for Dominica citizenship, the investor then has seven days to pay the remaining balance of the investment, at which time he or she will be issued an Ownership Certificate. This certificate is then presented to Dominica authorities to formally demonstrate that the approved real estate investment criteria has been met in full. Purchasing fractional ownership in a Dominica resort project accredited by the citizenship program is fast and easy, requires no maintenance or upkeep on behalf of the investor, and based on the developer's income and capital gain projections will typically be expected to return enough money after five years to cover both the capital invested as well as all fees originally paid

 

Upon prudently fulfilling all of the above requirements, a foreign national is eligible to gain full, legal citizenship in the Commonwealth of Dominica for themselves and their family. Once approved by the Dominica Citizenship by Investment Unit, applicants are issued a Certificate of Naturalization and will receive their new passport within a week via courier. Once an investor has become a Dominica citizen, they can pass their nationality on to future generations by descent

 

 

Interested in learning more about Dominica investment citizenship?

 

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