Citizenship by Investment - Dominica
|COUNTRY NAME||COUNTRY CODE||CONTINENT||POLITICAL ENTITY|
Parliamentary Representative Democratic Republic
|REAL ESTATE||CURRENCY||TYPE OF PROGRAM||INVESTMENT OPTION / AMOUNT|
Citizenship by Investment
100K-200K (single applicant)
|TIME TO RESIDENCY||TIME TO CITIZENSHIP||PHYSICAL RESIDENCY||RECOVERY TIME|
Real Estate in 5 years
Dominica is an island located in between the French overseas territories of Martinique and Guadeloupe and it is along the Caribbean Basin. Dominica has a parliamentary democracy within the Commonwealth of Nations. The Prime Minister heads the cabinet while the head of state is the president. It’s the last island to be colonized by Europe. It became independent in 1978 but it is part of the British Commonwealth. Dominica is also an associated member of the Organization of Easter Caribbean States (OECS). The island country is touted as “The Nature Island of the Caribbean” because of its abundant variety of flora and fauna, which are protected by an expansive natural park system. The country enjoys tropical weather most of the time even if it is vulnerable to hurricanes.
Citizenship by Investment
Dominica’s citizenship by investment program started in 1993. This is run today by the citizenship by investment unit which celebrates success for more than 20 years. Its program is considered as one of the world’s most affordable economic citizenship programs.
An applicant will be able to enjoy multiple benefits from a Dominica citizenship. The citizenship is for life and you have the right to live and work within the country. It also enables the citizenship holder to travel visa-free to 115 countries and territories which include Singapore, Hong Kong, the UK, and the Schengen area. The citizenship can also be passed on to the future generations. There is no interview, business experience, and residency requirement when applying for a Dominica citizenship.
There are three investment options offered by Dominica to aspiring Dominican citizens. A single applicant is required to make a nonrefundable donation worth US$100,000 to the country’s government fund. It also offers two types of family application. The first one is with the spouse in which a nonrefundable contribution worth US$175,000 is required from the main applicant and the spouse. The family application 2 includes up to 3 qualifying dependents. An amount of US$200,000 non-refundable contribution is required of the applicant and up to three dependents and the spouse. Every additional dependent is asked to contribute $25,000 which is non-refundable. An applicant may also purchase a real estate property in Dominica worth US$200,000. This real estate property must be government approved. And maintained for a minimum of three years. If the property is maintained and sold after five years, the next buyer will qualify for citizenship too. The citizenship applicant must have no criminal records. All applicants must be 21 years and of good character standing and must be willing to make the necessary investment. Citizenship application usually takes 4 to 6 months to complete.