Dominica Citizenship by Investment
Advantages of Acquiring Dominica Citizenship by Investment
The Dominica Citizenship by Investment Program is governed by § 101 of the nation’s constitution and §§ 8 and 20 of the Citizenship Act. This program enables the government to grant citizenship to qualifying individuals who meet specific criteria and policy guidelines, while also fostering economic growth in Dominica.
Advantages of Acquiring Dominica Citizenship by Investment Program
- Visa-Free or Visa-on-Arrival Access: Travel to over 140 destinations worldwide.
- Family Inclusion: Include a spouse, unmarried children under 31 who are financially dependent, and parents and grandparents aged 65 and older. Additional dependents can be added after the main applicant has obtained citizenship.
- Citizenship by Descent: Can be extended to future generations.
- Rights: Live, work, and study in Dominica.
- Dual Citizenship: There is no restrictions to hold dual citizenship.
- No Minimum Stay: No physical residency requirement.
Requirements for Obtaining Dominica Citizenship by Investment
Applicants can choose from two options to qualify:
- Economic Development Fund Contribution:
- USD 200,000 for one applicant.
- USD 250,000 for main applicant and up to three eligible dependents.
- USD 25,000 for each additional dependent under 18.
- USD 40,000 for each additional dependent 18 or older.
- Real Estate Investment:
- Purchase property with a minimum value of USD 200,000.
- The property can be sold after three years on the open market, and after five years to another citizenship by investment applicant.
Procedures and Time Frame
- Interviews and Oaths: Applicants and dependent family members aged 16 and older must attend mandatory virtual interviews via a secure platform and take an oath of allegiance before an authorized notary, justice of the peace, or commissioner of oaths.
- No Physical Residency Requirement: While there is no requirement to reside in Dominica, the government encourages new citizens to engage with the economy and offers substantial incentives for increased involvement.
- Visa Requirements: If an applicant has been denied a visa to a country with which Dominica has a visa-free agreement, they must obtain a visa from that country to be eligible to apply for Dominica citizenship.
Applications are managed by a dedicated citizenship by investment unit within the Ministry of Finance. The processing time for a fully completed application is currently three months.
- Investment: Minimum contribution of EUR 250,000
- Processing time: Approximately over 18 months from submission of the application to approval
- Key benefits: The right to live, work, and study in Dominica.
Dominica enjoys a pleasant climate, especially from December to March when the weather is cooler.
Real Estate
Prime properties, prime returns real estate is a solid investment for the future.
Frequently Asked Questions (FAQ)
What is the Dominica Citizenship by Investment Program?
The Dominica Citizenship by Investment Program offers citizenship to individuals and their families through significant economic contributions to the country.
What types of investment options available for the Dominica Citizenship by Investment Program?
Investment options include:
- A contribution to the Economic Diversification Fund.
- Investment in real estate.
What are the advantages of acquiring Dominica citizenship through investment?
Benefits include:
- Access to a tropical climate and stunning natural beauty.
- Visa-free travel or entry to over 140 countries.
- The right to live, work, and study in Dominica upon obtaining citizenship.
What is the investment requirement for the Dominica Citizenship by Investment Program?
The minimum investment starts at USD 200,000, either through real estate purchase or a contribution to the Economic Diversification Fund.
How long does the application process take?
It takes approximately three months to process the application.
Is it possible to include family members in the application?
Yes, that’s correct. Under the Dominica Citizenship by Investment Program, the main applicant can include:
- Dependent Parents: Parents who are financially dependent on the main applicant.
- Spouse: The applicant’s partner.
- Dependent Children: Children who are financially dependent on the main applicant and are in full-time education.
What are the residency requirements?
There are no mandatory residence requirements; however, applicants are encouraged to visit Dominica and actively engage in the economy. Substantial incentives are available to promote greater involvement.
What documents are required to apply?
Documents required include:
- A valid passport
- Proof of investment
- Health insurance.
- Proof of health insurance
- Additional supporting documents as specified.
How to apply to the Dominica Citizenship by Investment Program?
Applicants must select a qualifying investment, submit their application with the necessary documents, and undergo a due diligence process.