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The Citizenship by Investment Program of the Commonwealth of Dominica

The highly reputable Citizenship by Investment Programme in Dominica invites prudent investors to make an economic contribution to Dominica and in exchange, the applicant and their family are eligible to obtain full citizenship of the country, within the strict guidelines of the law.

 

The Citizenship by Investment Programme allows foreign investors to obtain full legal citizenship and passports for an investor and their family where that investor has made a significant investment in Dominica which qualifies under the Citizenship by Investment Regulations. Previously, citizenship of the Commonwealth of Dominica could only be granted to the persons who had been continuously resident there for five (5) years.
In 1991, the Program of Economic Citizenship was introduced whereby the residency requirement was waived. Applicant and their family obtain an irrevocable citizenship for life with no need to reside in the country and most importantly no need to give up their current nationality. This amendment to the Naturalization and Citizenship Act meant that subject to a stipulated investment, persons could be granted a Dominica citizenship.

 

 

The recent evolution is that the European Union abolished the visa requirement for Dominica nationals. Visa-free travel is for the citizens of the European Union and for the citizens of Dominica when travelling to the territory of the other Contracting Party for a maximum period of 90 days in any 180-day period. The visa waiver covers all categories of persons (ordinary, diplomatic, service/official and special passport holders) travelling for all kinds of purposes, except for the purpose of carrying out a paid activity. For this latter category, each Member State and also Dominica remains free to impose the visa requirement on the citizens of the other Party in accordance with the applicable Union or national law.

Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution to the Government Fund of a minimum amount of USD $100,000 or an investment in designated Real Estate property with a value of at least USD $200,000.
The Ministry of Finance is responsible for processing all applications through the Dominica Financial Services Unit (FSU).

Introduction

Government views the economic citizenship programme as one component of its national capital mobilization portfolio towards its ultimate goal of national development and as such intends to channel capital from the economic citizenship programme towards public and private sector projects where a need is identified. Public sector projects identified for financing under the programme include (1) building of schools, (2) renovation of the hospital, (3) building of a national Sports stadium and (4) towards the promotion of the Offshore Sector. With respect to private sector projects, government emphasis is on the tourism, information technology and agricultural sectors and therefore public sector projects to be financed under the programme will fall within one of these sectors.

Benefits of Dominica Citizenship Programme

  1. Becoming a citizen of this peaceful and welcoming country for life through one of the oldest and most trusted citizenship by investment programmes
  2. Instant and irrevocable citizenship
  3. Instant visa-free travel to more than 120 countries and territories, including:
    • EU countries
    • Schengen Area countries
    • UK
    • Hong Kong
    • Singapore
  4. Dual citizenship is allowed
  5. There is no requirement to reside in Dominica before or after citizenship is granted
  6. Full residence status, with the right to live and work in Dominica
  7. Minimal taxation – no wealth, gift, inheritance, foreign income or capital gains tax
  8. Second Passport Validity (All Dominican passports are valid for ten (10) years (child’s passport – five (5) years); after that it may easily be renewed
  9. The application process is confidential

Investment Options

Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution made into the Government Fund amounting to USD 100,000 depending on the number of dependents included in the application or an investment in designated Real Estate with a value of at least USD 200,000. Additional payments for any dependents included in an application, due diligence fees, government fees and other fees are also payable.

I. Economic Contribution
To qualify for citizenship under this investment option, there are four investment categories with different contribution amounts, based on the number of dependents included in the application, which are as follows:

Government Fund Required Contribution Amount Due Diligence Fee
Package A:
Single Applicant
A non-refundable Investment of USD  $ 100,000.00 USD 7,500*
Package B:
Family Application One (Applicant and Spouse)
A non-refundable Investment of USD $175,000.00 USD 7,500 Main Applicant
USD 4,000 Spouse
Package C:
Family Application Two (Applicant plus Spouse and two children below the age of 18)
A non-refundable investment of USD $200,000.00 USD 7,500 Main Applicant
USD 4,000 each dependant aged 16 and over
Package D:
Family Application Three (Applicant plus spouse and more than two children below the age of 18)
A non-refundable Investment of USD$200,000.00 plus
USD 20,000 for each additional dependent under the age of 18 years and USD 50,000 for each additional dependent aged 18 and over** )
USD 7,500 Main Applicant
USD 4,000 each dependant aged 16 and over

 

*In some cases, an enhanced due diligence may be required depending on the citizenship applicant holds.

**Effective from 1st September 2017, the Government is implementing an adjusted Government Fee payable which further reduces the additional dependent fee from USD 50,000 to USD 25,000 and applies to any qualifying dependent other than the Spouse, regardless of age.

***Due Diligence Fees for Spouse reduced to USD $ 4,000 for applications submitted effective immediately until March 31, 2018.

****Kindly contact us for any further clarification on who qualifies as a dependent over the age of 18.

To qualify for citizenship of Dominica under the Real Estate Option under the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000.

Real Estate Option Minimum Required Investment Due Diligence Fee
Package A:
Single Applicant
USD $ 200,000.00 USD 7,500*
Package B:
Family Application One (Applicant and Spouse)
USD $ 200,000.00 USD 7,500 Main Applicant
USD 4,000 Spouse
Package C:
Family Application Two (Applicant plus Spouse and two children below the age of 18)
USD $ 200,000.00 USD 7,500 Main Applicant
USD 4,000 each dependant aged 16 and over
Package D:
Family Application Three (Applicant plus spouse and more than two children below the age of 18)
USD $ 200,000.00 USD 7,500 Main Applicant
USD 4,000 each dependant aged 16 and over

*In some cases, an enhanced due diligence may be required depending on the citizenship the applicant holds.

The following government fees are applicable for the main applicant and any accompanying dependents:

*For a period of 12 months, effective from 1st September 2017, the Government is implementing an adjusted Government Fee payable by applicants opting for the pre-approved real estate option.

Approved Real Estate Projects

Other Applicable Fees

Eligible Applicants
Investors (or applicants) must:

  1. Be at least (18) years of age
  2. Be of outstanding character
  3. Have at least a basic knowledge of English
  4. Have made an investment of the prescribed amount

The whole family (Dependents) of the Main Applicant can be included in one application. There is no numerical limit on the number of Dependents provided they are the following persons fully supported by the Main Applicant:

A ‘’Dependent’’ means:

  1. A spouse of the main applicant;
  2. A child under eighteen (18) years of age of the main applicant or his or her spouse;
  3. A child of the main applicant or his or her spouse between eighteen (18) and thirty (30) who is in full-time attendance at a recognized institution of higher learning after his or her eighteenth birthday and fully supported by the main applicant;
  4. An unmarried daughter of the main applicant who is up to thirty (30) years of age and is living with and fully supported by the main applicant;
  5. A child of the main applicant or spouse of the main applicant who is above the age of eighteen (18) years and physically or mentally challenged and who is fully supported by the applicant;
  6. Parents or grandparents of the main applicant or his or her spouse above the age of fifty-five (55) years living with and fully supported by the main applicant.
    Where a parent or grandparent is fifty-five (55) years old, but his or her spouse is aged less than fifty-five (55), both the parent or grandparent will qualify as dependents.

A ‘child’ means a biological or legally adopted child of a main applicant, or of the spouse of the main applicant.
Please note that Dominica does not recognize same sex marriage.
For more information, kindly contact us for questions relating to which of your family members may be included in your application.

Requirements

  1. Investors must be over 18 years of age.

How to Apply

Complete List of the Required Forms

Application Forms

This highly reputable programme invites investors of good character to make an economic contribution to the country and in exchange, the applicant and their family can obtain full citizenship of Dominica.

For any further clarifications / assistance kindly contact us at:

 info@dominicaconsulategreece.com or

consul@dominicaconsulategreece.com

 

The Commonwealth of Dominica’s citizenship by investment program was featured in Dubai-based newspaper Kahleej Times on 11 April 2015.

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