A volcanically active island located in the Lesser Antilles, Dominica is known as the “Nature Island of the Carribean”. This island is one of the most beautiful in the world and is largely covered by thick rainforests and dotted with hot sulphur springs. Averaging only 50,000 visitors a year, tourism is still in its infancy in Dominica, where the key economic generator continues to be in the agricultural sector. If you enjoy adventure and an active lifestyle, then Dominica may be for you.
In 1993, the Government of the Commonwealth of Dominica introduced the Citizenship by Investment Programme, one of the longest running economic citizenship programmes in the world. Throughout more than 20 years, the Government has remained firmly committed to the program and has made consistent and substantive improvements to the quality of its offerings.
Benefits of Dominica Citizenship Program :
Investment Criteria’s :
The applicant may choose from the below mentioned criteria:
1. The Economic Diversification Fund (EDF)
EDF is a Dominican Government program supporting socio-economic initiatives with the aim of driving national development. All money generated for the EDF fund goes towards improving projects in the public and private sectors which are in need of financial support. These include building schools, renovating hospitals, and the creation of a national sports stadium, as well as variety of other undertakings across numerous industries such as tourism, information technology and agriculture.
Applicants can acquire economic citizenship to Dominica by making a financial contribution to its EDF.
|Single applicant||USD 100,000|
|Sibling aged 18-25||USD 50,000|
|Additional dependents other than sibling and spouse aged 18-25||USD 25,000 (each)|
2. Real Estate
Tourism is a fuel for the country’s economy. In a move to increase tourism-related development, the Citizenship by Investment programme allows for real estate purchase in approved developments. To qualify, the investor (or investors) must enter into a contract to purchase real estate worth US$ 200,000 or more. Real estate holding period would be 3 years.
Additionally, the following Government Fees apply:
|Single applicant||USD 25,000|
|Main applicant and up to three dependants other than a dependant sibling||USD 35,000|
|Dependant sibling aged 18-25||USD 50,000|
|Dependant sibling aged under 18||USD 25,000|
Required Documents for Application :
The timeframe for the completion of the process is approximately 3 to 4 months from submission of the application to issuance of the passport, assuming there are no areas of concern with the application.
The following basic fees apply to both investment options and shall be quoted at the time of application:
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions. We also suggest that independent legal, tax, professional advice be obtained by the user of this information before proceeding with the application.