Dominica Citizenship by Investment

Dominica Citizenship by Investment

What is the Citizenship Program for Dominica?

Dominica Citizenship Program operated under Section 101 of the Constitution and Sections 8 and 20 of the Citizenship Act. This program requires investors to make an economic contribution to the Dominica. Since January 2015 it is possible through real estate investment in Dominica.

What are the conditions of application for the Citizenship Program?

Investors may apply for the Citizenship Program under the conditions;

  • the main applicant must be over 21 years of age,
  • a non refundable minimum investment of $100,000 USD or minimum real estate purchase of $200,000 USD
  • absence of criminal record
  • on swearing of the “Oath of Allegiance” following the approval by Government

How long does the process take?

Application process for Citizenship Program takes approximately 6 to 8 months.

What are the advantages of this Program?

Key advantages of this citizenship program are;

  • There is no physical residence requirement
  • The applicant receive full citizenship, it can be passed on to future generations by descent
  • Dual citizenship
  • Visa free travel to 90 countries
  • Dominica currently offers one of the most attractive citizenship programs in the world, the process is smooth and the costs are lesser.

Ketenci&Ketenci is a leading international law firm advising on global citizenship. Please contact us for further details and queries on Dominica Citizenship Program.

FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO DOMINICA CITIZENSHIP BY INVESTMENT PROGRAMME

Why choose Dominica?

Dominica is Caribbean’s most beautiful island country and it also allows dual & multiple citizenships. There is no necessity of military service requirement and learning the language for application procedure. In addition to this, there is no minimum residency requirement. The country also offers high quality medical assistance.

Do I have to travel to Dominica to start the Citizenship procedures?

A trip to Dominica is not required during the whole application procedure.

What are the visa-free travel opportunities for citizens of Dominica?

Holders of the Dominican passport have visa free travel opportunities to approximately 115 countries, including the whole European Union, the UK, Brazil, Singapore and Hong Kong.

Is Dominica a tax haven?

Yes, Dominica is a country which collects petty amount of tax from investors who plan to obtain Dominican citizenship. Dominican state authorities does not ask for any wealth, inheritance, gift, capital gains or foreign income tax from its citizens, therefore creating a reliable tax haven within wonderful Caribbean environment.

Is it possible for different investors to apply for Dominican Citizenship based on a single property?

Yes, this is possible. Minimum property investment for main applicants must be at least USD 200.000, in such a case two or more citizenship applicants are able to make real estate investments together, so long as each main applicant invests USD 200.000 into a property with assistance of a licensed and domestically approved agent.

Is there an official legislation for Dominican Citizenship by Investment Program?

Surely. Dominican Citizenship by Investment programme is stipulated in 8th and 20th sections of Dominican Citizenship Regulations, dated 2014. More importantly, Dominican Constitution also includes regulations with regards to Citizenship by Investment Programme in its 101st section, thus creating a protection of highest order with its constitution for your investments.

Do you offer Approved Properties for Dominican Citizenship?

Absolutely! We can introduce you to first quality specialist real estate agencies which would duly assist you throughout all processes related to obtainment of property for Dominican CBI application, by presenting you state approved, lucrative property options from Dominica.

Is Dominican citizenship acquired/valid for life?

Yes, Dominican citizenship is valid for life. However, the passports taken after the acquisition of citizenship is valid only for 10 years which is a common thing all around the world.

Can we change our names after obtaining citizenships?

Yes, however changing the name is only possible after the application is approved and the Certificate of Naturalization is issued. After the necessary transactions are completed in order to legalize the citizenship, the citizen may go to Deed Poll and apply for the change of name.

Do the applicants have to reside in Dominica for a certain period of time at any stage of the application?

There is no residence requirement exist before or after acquiring the Dominican citizenship.

How many family members can apply for citizenship along with the Main Applicant?

There are different types of investment amounts regarding the number of families. If the main applicant chooses the Option (A): Economic Diversification Fund (Government Fund Donation), then, along with the USD $25,000 for the Main applicant, USD $10,000 shall be paid for Spouse, USD $35,000 shall be paid for a Family of up to 4, USD $50,000 shall be paid for a Family of up to 6, USD $70,000 shall be paid for a Family of 7 or more etc. More information can be found under “the investment options” above.

Is there any language requirement to apply for Dominican Citizenship?

No, there is no language requirement as well as interview and business experience, educational requirements.

Once Dominican citizenship is acquired, in the case that the applicant will not stay in Dominica, what will be main applicant’s tax liabilities in Dominica?

Dominica basically is a tax-free country as long as the citizens do not reside in the country regarding their investment initiative. If the citizens decides to stay more than six months, worldwide incomes will be subject to taxation. Moreover, Dominica has treaties with the CARICORM and US. Hence, there are no economical restrictions and furthermore there are some corporate tax incentives.

Please contact with us now to have further information on Dominica Citizenship by Investment program and to get a fee quotation for your application.