Dominica: The Cheapest Citizenship by Investment (CBI) Program

Before discussing about Dominica CBI (citizenship by investment) and how to get Dominica citizenship, let us discuss about the country of Dominica. 

Dominica is an amusing, attractive, safe, and friendly country with a great island lifestyle. No doubt, it is considered one of the happiest places to live in. A growing ecotourism destination because of the rainforest, which is full of rare plants, animals, and birds. They also have underwater hot springs. 

Dominica gained independence from the UK in 1978. Based on English common law, they currently have a parliamentary democracy. The size of the country is almost the same as Singapore’s. The current population is about 75,000 who are actually living in the country. Most people are of African descent, but there is also an increasing number of White and Chinese inhabitants. 

Dominica is one of the most beautiful islands in the Caribbean. It is also known as the “Nature Island of the Caribbean.” This magnificent island is located between French overseas regions of Guadeloupe and Martinique. Dominica has many waterfalls, mountains waterfalls, and attractive ocean views.

The official language of Dominica is English. People also speak in French dialect and Creole.

What are the benefits of Dominica dual citizenship?

Dominica Economic Citizenship program was established in 1993. This program offers second citizenship and passport for individuals and families all around the world. There is no requirement of visiting the country or staying for a certain time. It only takes about four to six months to process the passport. Dominica has gained an excellent reputation internationally. Their passport allows visa-free or visa on arrival travel opportunity to more than 115 countries. These countries include UK, Switzerland, Singapore, European Union, Brazil, Russia, and Hong Kong. Dominica law has no restrictions on having dual nationality. Citizenship by investment will not require a person to renounce their existing citizenship. 

Dominica Economic Citizenship program was established in 1993. This program offers second citizenship and passport for individuals and families all around the world. There is no requirement of visiting the country or staying for a certain time. It only takes about four to six months to process the passport. Dominica has gained an excellent reputation internationally. Their passport allows visa-free or visa on arrival travel opportunity to more than 115 countries. These countries include UK, Switzerland, Singapore, European Union, Brazil, Russia, and Hong Kong. Dominica law has no restrictions on having dual nationality. Citizenship by investment will not require a person to renounce their existing citizenship. 

Dominica citizenship by investment has no requirement of physical residency. The program also doesn’t have any sort of language, corporate background, educational qualification requirements. Also, there is no interview to be mandatory for citizenship by investment. 

There is no system of taxes for non-residents and the crime rate of Dominica is extremely low. 

They also offer citizenship by investment program starting only at $100000 USD, which is the cheapest citizenship by investment program in the world.

What are the requirements for Dominica dual citizenship?

CBIU, also known for Dominica Citizenship by Investment Unit, is a government authority who sets up the requirements for the passport program. An applicant must fulfill all the Dominica immigration requirements in order to consider as eligible. One of the requirements is that the main applicant must be at least 18 years old.

To protect citizenship by investment program integrity, Dominica performs a due diligence process over every adult applicant. Those individuals will be granted permission to acquire the citizenship of Dominica, who has no criminal record, and derived the funds legally. The applicants must also be in good health and not suffering from any contagious diseases.

The applicants can also be eligible for citizenship by investment if they contribute a significant amount to a government fund or purchase a real state, which is approved by the government. 

How to apply for Dominica’s second passport by investment program?

If you want to apply for a Dominica passport, then the first step is to communicate with an authorized agent of the Caribbean economic citizenship program. You are not allowed directly to submit your application to the Dominica Citizenship by Investment Unit (CBIU). 

In this program, only the CBIU authorized agent has the permission to present new citizenship applications. The agent will walk you through the entire process from start to finish. The agent can also help you apply for Dominica citizenship by investment program online. The immigration professionals will take care of all the auxiliary documentation preparation and validation. 

The applicant must pay the agent’s professional service fees, Dominica government due to diligence fee, registration fee, and application fee. Government application fees are not for those who are contributing to the Economic Diversification Fund. The due diligent fee is required to perform the background check of all applicants. It will take 60-90 days to process the application, and there is no interview procedure. 

A CBIU letter of approval in principle will be issued to the applicant after all the procedures. Then the applicant has to invest either in the Government financial donation or in real estate. After the verification of the investment by CBIU and the approval by the Dominica Prime Minister, the applicant will be provided a certificate of Naturalization, and a Dominica passport will be issued in a week after.

What is the price of Dominica passport for Investment in the Government Fund?

For the purpose of increasing national development, social progress, and financial security, the Dominica Economic Diversification Fund (EDF) runs public and private projects. 

Public projects include the development of local hospitals, building sports stadium, constructing schools and improve offshore industry. Private sector includes development of information technology, agriculture and tourism. 

Dominica citizenship by investment cost on Government Fund is a non-refundable contribution to the Economic Diversification Fund.  

Individual Applicant – USD 100,000

Applicant with spouse – USD 150,000

Applicant, spouse and up to 2 Children – USD 175,000

Additional dependants include – USD 25,000 each

Eligible siblings from 18 and above – USD 50,000 each

Dominica Citizenship by Investment in Real Estate

Benefits of Dominica CBI

In the last few years there has been an increase of foreign ownership of real estate in Dominica. Businessmen all around the world are investing in Dominica luxury resorts because of the increasing number of tourists visiting. 

Applicants must buy approved real estate in Dominica for a minimum of USD 200,000 and keep the ownership for at least three years. They can resell the property if they maintain ownership for 5 years. 

For applying Citizenship by Investment in Dominica under real estate category, there are some extra government application fees:

Individual applicant -USD 25,000

Family of up to 4 people – USD 35,000

Family up to 6 people – USD 50,000

Family up to 7 people – USD 70,000

Additional dependants – USD 25,000 each

Eligible siblings from 18 and above  – USD 50,000 each

Conclusion

Dominica is already home to a wide range of people with the economy developing and gaining prominence at international level. It is definitely a place you would. want to consider for your second citizenship.

CBICaribbean immigration experts and consultants are here to assist you with any of the citizenship by investment programs offered. For any enquiries, you can reach us via the contact form or the online chat box.

 

source https://cbicaribbean.com/blog/2021/05/10/dominica-the-cheapest-citizenship-by-investment-cbi-program/

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