Dominica Citizenship by Investment
Dominica Citizenship by Investment Program enables foreign investors to obtain 2nd Citizenship provided that they meet certain criteria set out by the Dominican government since January 2015.
Language
English
Currency
Eastern Caribbean Dollar
Total Area
750 km2
Capital
Roseau
Government
Republic
Population
73,500
Investment Options
Dominica CIP requires investors to make an economic contribution to Dominica. Within this context, applicants have the following investment options:
1.Non-refundable investment of at least $100,000 USD into the Economic Diversification Fund
2. Investment of at least $200,000 USD into the real estate projects, on the condition to hold the property within the next three years from the date of the citizenship is approved.
Apart from the abovementioned investment requirements, the main applicant must be over 21 years of age and his/her family members shall have a clean personal background and shall be in good health and of character. Citizenship is granted on swearing the “Oath of Allegiance” following the approval by Government.
How long does the process take?
Obtaining Dominica Citizenship by Investment takes approximately 4 to 6 months.
What are the advantages of this Program?
Holders of a Dominican passport may benefit from the following advantages;
Visa-free travel to 144 countries such as Singapore, Hong Kong, the European Union, and the United Kingdom
Full citizenship with a passport for the applicant and his/her family members
Dual citizenship
Dominica currently offers one of the most attractive citizenship programs in the world, the process is smooth and the costs are lesser.
Ketenci&Ketenci is a leading international law firm advising on global citizenship. Please contact us for further details and queries on the Dominica citizenship program.
FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO DOMINICA CITIZENSHIP BY INVESTMENT PROGRAMME
Why choose Dominica?
Dominica is the Caribbean’s most beautiful island country and it also allows dual & multiple citizenships. There is no necessity of military service requirement and learning the language for the application procedure. In addition to this, there is no minimum residency requirement. The country also offers high-quality medical assistance.
Do I have to travel to Dominica to start the Citizenship procedures?
A trip to Dominica is not required during the whole application procedure.
Is Dominica a tax heaven?
Yes, Dominica is a country that collects a petty amount of tax from investors who plan to obtain Dominican citizenship. Dominican state authorities do not ask for any wealth, inheritance, gift, capital gains or foreign income tax from its citizens, therefore creating a reliable tax haven within a wonderful Caribbean environment.
Do you offer Approved Properties for Dominican Citizenship?
Yes. We work together with leading developers in the Caribbean region offering high-end, luxurious, and government-approved projects for Dominica CIP.
Is Dominican citizenship acquired/valid for life?
Yes, Dominican citizenship is valid for life and it can be passed on to future generations by descent. However, the passports taken after the acquisition of citizenship is valid only for 10 years which is a common thing all around the world.
Do the applicants have to reside in Dominica for a certain period of time at any stage of the application?
There is no residence requirement before or after acquiring Dominican citizenship.
Can we change our names after obtaining citizenship?
Yes, however changing the name is only possible after the application is approved and the Certificate of Naturalization is issued. After the necessary transactions are completed in order to legalize citizenship.
How many family members can apply for citizenship along with the Main Applicant?
All family members (spouse and children under 18 years old) as well as the main applicant can acquire Dominican citizenship investment application. Dominican citizenship can be extended to the main applicant’s spouse, dependent children, dependent parents, and grandparents.
Is there any language requirement to apply for Dominican Citizenship?
No, there is no language requirement as well as interview and business experience, or educational requirements.
Once Dominican citizenship is acquired, in the case that the applicant will not stay in Dominica, what will be the main applicant’s tax liabilities in Dominica?
Dominica basically is a tax-free country as long as the citizens do not reside in the country regarding their investment initiative. If the citizens decide to stay more than six months, worldwide incomes will be subject to taxation. Moreover, Dominica has treaties with the CARICOM and USA. Hence, there are no economical restrictions and furthermore, there are some corporate tax incentives.
Is there official legislation for Dominican Citizenship by Investment Program?
Dominican Citizenship by Investment program is stipulated in the 8th and 20th sections of the Dominican Citizenship Regulations dated 2014. Dominican Constitution also includes regulations with regards to Citizenship by Investment Programme in its 101st section, thus creating protection of the highest order with its constitution for your investments.
Please contact us now to have further information on Dominica Citizenship by Investment program and to get a fee quotation for your application.