Dominica Citizenship By Investment
Dominica
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Dominica Country Overview
Dominica is a member of the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), the Commonwealth of Nations, and PetroCaribe, highlighting its activity on the global stage.
Although small in size, with a population of just over 70,000 people, the country’s economic impact within the region is significant. Dominica’s GDP per capita is $7,600, and its economy heavily relies on tourism, agriculture, offshore financial services, and – most importantly – its illustrious Citizenship by Investment Program.
Dominica's Citizenship by Investment Program
The Government of Dominica launched its Citizenship by Investment Program in 1993, making it the second program of this nature to grace the globe after the neighboring country of St Kitts & Nevis launched its program in 1984.
The Dominican Government introduced the program as a way to bolster the country’s economy and attract the world’s elite by allowing them to become full-fledged Dominican citizens by contributing to the nation’s developing economy.
Since its launch, Dominica’s Citizenship by Investment Program has become one of the most popular in the world, and the Government’s initial plan of bolstering the economy worked as a charm, as most recently, it announced that it has started constructing the nation’s first international airport, completely funded by the Citizenship by investment program.
The premise of Dominica’s Citizenship by Investment Program is simple; those who meet the required criteria and make a qualifying investment to the economy can obtain citizenship and passports for themselves and their family members. Applicants do not need to travel or reside in Dominica to apply for the program, as the entire process can be done remotely.
The Dominica Citizenship by Investment program allows individuals to obtain citizenship in Dominica by making a significant investment in the country. This investment can be a donation to the government or an investment in a government-approved real estate project. In return, investors and their families can obtain citizenship and all the benefits that come with it, including visa-free travel to over 140 countries and access to a stable and attractive tax regime. This program has become increasingly popular in recent years as more and more people look for ways to expand their global mobility and secure their financial future.
Our firm specializes in helping clients navigate the complex process of obtaining Dominica citizenship by investment. Our team of experts provides personalized guidance and support throughout the entire process, ensuring a smooth and successful outcome. With our assistance, you can take advantage of all the benefits of being a citizen of Dominica.
Dominica’s Citizenship by Investment Program offers prospective applicants two investment options to choose from:
- A non-refundable contribution to the country's Economic Diversification Fund starting at $100,000, OR
- A real estate investment with a minimum value of $200,000
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Qualification Criteria
- Be over 18 years of age
- Have a clean criminal record
- Have the sufficient means to make an eligible investment
- Not have a visa rejected by one of the countries that Dominica has a visa-free treaty with
- Not be a national of any restricted nationalities (Syrians, Northern Iraqis, and Kurds)
Eligible Family Members
Dominica’s Citizenship by Investment Program allows applicants to add a wide array of financially dependent family members to their applications. These members are:
Investment Options
| Certificate of naturalisation | $250 per person | $250 per person | $250 per person | $250 per person |
| Due Diligence Fee | $7,500 | $7,500 for the main applicant and an additional $4,000 per dependent aged 16 or above | $7,500 for the main applicant and an additional $4,000 per dependent aged 16 or above | $7,500 for the main applicant and an additional $4,000 per dependent aged 16 or above |
| Processing Fee | $1,000 | $1,000 | $1,000 | $1,000 |
| Expedited passport issuance fee | $1,200 per person | $1,200 per person | $1,200 per person | $1,200 per person |
1) Non-refundable contribution to the Economic Diversification Fund (EDF)
Applicants can pay a one-time contribution to Dominica’s EDF in exchange for citizenship. The contribution option starts at $100,000 for a single applicant and increases as more family members are added to the application.
| Economic Diversification Fund Costs | Individual Applicant | Main Applicant + Spouse | Family of four family members | Family over four family members |
| Required Contribution Amount | $100,000 | $150,000 | $175,000 | $175,000 pl $ 25,000 per additional dependant below 18 years or $50,000 for each dependent above 18 years after the third dependant |
2) Real Estate
Applicants can choose to invest in real estate, either in the form of actual property or shares in luxury resorts. The investment amount is set at $200,000 and remains constant throughout, no matter how many family members are added to the application.
Investors can rent or profit from their real estate investment throughout the holding period of five years, and after five years they are free to sell the property. Investors mt also pay a government fee under the real estate program.
| Real Estate Option costs | Single Applicant | Main Applicant + Spouse | Family of four family members | Family over four family members |
| Investment Amount | $200,000 | $200,000 | $200,000 | $200,000 |
| Government Fee | $25,000 | $35,000 | $35,000 | $ 50,000 and $ 25,000 per additional dependant after the fifth dependant |
The Process
Dominica’s Citizenship by Investment Program has a streamlined process consisting of a very short list of steps:
The Benefits
Dominica’s Citizenship by Investment Program has a plethora of benefits associated with it, including:
- Enhanced visa free travel: Dominica's passport allows its holder to access over 140 destinations worldwide, including the UK, EU, Singapore, and many more.
- Better tax structuring: Dominica does not levy global income, wealth, capital gains, or inheritance tax. This allows investors to structure their tax liabilities favorably.
- Formidable contingency plan: Having a second passport is the best way to hedge against political and economic instability and safeguard one's family and wealth.
- Evolved wealth management: Dominica's bustling financial sector allows investors to protect their assets through offshore banking and offshore trust creation.
- Remote and simple process: Dominica's Citizenship by Investment program does not require applicants to reside or travel to qualify for citizenship, and the entire process takes 3-6 months on average.