Eastern Caribbean Time Zone (UTC -04:00)
VISA FREE COUNTRIES
137 Including Schengen Countries, UK, Hong Kong & Singapore
Martinique 93.7, Guadeloupe 96.4 km
East Caribbean Dollar $
The Commonwealth of Dominica , also known as the Nature Island of the Caribbean is an independent state situated near the islands of Martinique and Guadeloupe. Dominica, formerly a British colony, is a member of the British Commonwealth of Nations, the Organization of American States (OAS), Caricom and also the United Nations. The Dominica Citizenship-by-Investment Programme grants citizenship to investors and their families in exchange for an investment in a government fund or else in real estate. Citizenship obtained under this programme grants the right of full citizenship for life and can be passed on to future generations.
The Dominica Citizenship by Investment Programme has been enacted since 1993 and is legally entrenched in the Dominican Constitution. This programme is based on Section 101 of the Constitution of Dominica and Sections 8 and 20 (1) of the Dominica Citizenship Act.
TAXATION OF NEW CITIZENS
A citizen under the Dominica Citizenship by Investment Programme is not liable to taxation in Dominica on any income earned outside of Dominica unless one decides to reside there. In addition, new citizens are exempt from tax on wealth, inheritance or capital gains tax.
BENEFITS OF DOMINICA CITIZENSHIP
Family members included
137 Visa-free destinations inc. EU, UK, HK
Confidential Application Process
The main applicant for the Dominica Citizenship by Investment Programme must be at least 21 years of age. Eligible dependents include the spouse, children, parents under certain conditions.
‘FIT AND PROPER’ TEST
The Government of Dominica is committed to the highest standard of due diligence to ensure only deserving and reputable applicants are allowed to proceed for the grant of Dominica citizenship. Applicants must demonstrate a clean criminal record verified with INTERPOL and other international authorities.
In order to qualify for the Dominica Citizenship by Investment Programme, the main applicant must either:
– Invest in the Economic Diversification Fund or
– Invest in Real Estate
INVESTMENT IN REAL ESTATE
A main applicant may decide to invest in real estate in order to qualify under the Dominica Citizenship by Investment Programme. The real estate must have a minimum value of US$200,000 and is to be kept for a minimum of 3 years. This property may be eligible for re-sale after 5 years from the date of purchase. When choosing this option, a single applicant is required to pay a government fee of US$25,000. The government fees for a family application including a main applicant and spouse or including up to four persons is that of US$35,000. Additional fees apply for additional family members.
INVESTMENT IN THE ECONOMIC DIVERSIFICATION FUND (EDF)
The Investment in the EDF is considered to be the fastest route to obtain citizenship under this programme. The EDF was established with the aim of developing and strengthening the country through the diversification of its economy. The minimum contribution required under this option varies according to the number of dependants added to an application. A single applicant is required to make a non-refundable investment of US$100,000. A family application including a main applicant and a spouse requires a non-refundable investment of US$175,000. A family application including a main applicant, a spouse and two children under the age of 18 requires a nonrefundable investment of US$200,000, plus US$25,000 for any additional dependant in the family.