Dominica offers a Citizenship by Investment

Dominica offers a Citizenship by Investment (CBI) program that allows investors to obtain citizenship through real estate investment. Here are the key details:

 Investment Options:

•  To qualify for Dominican citizenship under the real estate option of its Citizenship by Investment Programme, an applicant must purchase a unit of an Approved Project worth at least US$200,000.
•  Real estate must be held for either three years from the date citizenship is granted or, if the future purchaser is also a Citizenship by Investment applicant, five years from the date citizenship is granted.

Program that allows investors to obtain citizenship through real estate investment.

 Investment Options:

•  To qualify for Dominican citizenship under the real estate option of its Citizenship by Investment Programme, an applicant must purchase a unit of an Approved Project worth at least US$200,000.
•  Real estate must be held for either three years from the date citizenship is granted or, if the future purchaser is also a Citizenship by Investment applicant, five years from the date citizenship is granted.

 Government Fees:

 If the application for Dominica citizenship by real estate investment is approved, the following government fees also apply:

•   US$25,000 for the main applicant.
•  US$35,000 for the main applicant and up to three dependants.
•    US$50,000 for the main applicant and up to five dependants.
•    US$25,000 for any additional qualified dependant.

  Additional Fees:

 In addition to the capital required for Dominica real estate investment, the following fees are also applicable:

•    Processing fees: US$1,000 per application.
•    Due diligence fees: US$7,500 for the main applicant, US$4,000 for a spouse, and US$4,000 for any dependants aged 16 or above.
•   Enhanced due diligence fees may be required depending on current citizenship status and other personal circumstances.
•    Certificate of naturalisation fee: US$250 per person.
•   Mandatory Interview Fees: US$1,000 per interview.
   

Real Estate Payment Information:

•    The applicant is responsible for paying the full Real Estate Option fees required under the laws and regulations governing the Dominica Citizenship by Investment Programme.
•   Payments can be made in United States dollars (USD), euros (EUR), or pounds sterling (GBP).
•    Any payments in EUR or GBP must be equivalent to or greater than the minimum Real Estate Option amount in USD.

Alternative Investment Option:

 As an alternative to real estate investment, you could choose to contribute to the country’s Economic Diversification Fund.

Types of visa required and processing time

To qualify for Dominican citizenship under the real estate option of its Citizenship by Investment Programme, an applicant must purchase a unit of an Approved Project worth at least US$200,000. The real estate must be held for either three years from the date citizenship is granted or, if the future purchaser is also a Citizenship by Investment applicant, five years from the date citizenship is granted.

Here are the details regarding the visa requirements and processing time for real estate investment in Dominica:

 Visa Requirements:
   To qualify for Dominican citizenship through real estate investment, you must:

•  Purchase an approved real estate unit worth at least US$200,000.
• Hold the property for the specified period (either three or five years).

  Processing Time:

•  The application process typically takes around 60-90 days from the date the applicant’s file is submitted to Dominica’s Citizenship by Investment Unit (CIU).
• Applicants usually spend   2-6 weeks  gathering all the necessary documentation before submitting the application

What are the specific steps involved in applying for Dominica real estate citizenship program?

The Dominica Citizenship by Investment Program offers two main options for obtaining citizenship: donation and real estate investment. Let me break down the steps for the real estate option:

 Eligibility Requirements:

•  Applicants must be at least 18 years old, in good health, and have no criminal record.
•  They should officially commit to the investment and demonstrate outstanding character and repute.

 Choose Real Estate Investment:

• Select a government-approved real estate property. These properties include hotels, spas, and villas.
• The minimum investment required is US $200,000 in one of these properties.

Hold the Property for 3 Years:

To secure lifetime citizenship, the applicant must hold on to the real estate property for at least 3 years.

Government Fees:

Government fees apply to real estate investments. For a single applicant, the fee starts at $25,000 and increases for larger families (up to $70,000 for a family of 7).

Application Process:

Work with an   Authorized Agent    to prepare the necessary documents, including a passport, birth certificate, and police record

What are the benefits of Dominica citizenship?

Dominica offers several compelling benefits to individuals seeking citizenship through its Citizenship by Investment Program:

 Global Mobility:

 One of the most significant advantages of Dominica citizenship is the opportunity for visa-free travel to over 140 countries and territories worldwide.  This includes destinations in Europe, Asia, and beyond.

 Nature Island:

•   Dominica, often referred to as the “Nature Isle of the Caribbean,” provides a tranquil lifestyle within a safe, peaceful, and pristine environment.
•  The island boasts natural beauty, including hundreds of rivers, waterfalls, rugged mountains, and dramatic cliffs overlooking the turquoise sea.
• Dominica’s    Morne Trois Pitons National Park    is a UNESCO World Heritage Site, and it is home to the   Boiling Lake     and rare plant and animal species, including the national bird, the   Sisserou Parrot.

  Attractive Tax Policies:
Dominica offers minimal taxation:

•    No wealth tax, gift tax, inheritance tax, foreign income tax, or capital gains tax.
•    No personal income tax for residents.
• The country is a signatory of double taxation treaties with the USA and the CARICOM.

  Inclusion for the Whole Family:

  Dominica’s citizenship program allows for family inclusion in the application process. This means that family members can also obtain citizenship along with the main applicant.

 No Residency Requirements:

 Unlike some other programs, Dominica does not impose strict residency requirements.  You can enjoy the benefits of citizenship without having to reside in the country.