Dominica residency by investment

While there, I made a rather important decision: after months of working toward Dominica citizenship by investment, I was no longer going to become a Dominican citizen. When my life settled down a bit, I ultimately decided to go through the process to become a citizen of Saint Lucia. As always, it is worth getting a holistic review of your situation and the options available to you. While this will give you unrestricted claim to the entire property, you will not have an exclusive claim to any single part of the resort. Jungle Bay Villas is currently under construction and on schedule to open in February of Your email address will not be published.

Dominica Citizenship by Investment

Our team of professionals helps qualified individuals and families obtain second citizenship in Dominica! Established dominica residency by investmentthe Dominica Economic Citizenship Program legally offers individuals and families worldwide an irrevocable second citizenship and passport in only four to six months with no visit to the country required. The Caribbean island nation has an excellent international reputation, and consequently, the Commonwealth of Dominica passport provides visa-free or visa on arrival access to more than countries around the world including the entire European Union, Switzerland, UK, Singapore, Russia, Brazil, and Hong Kong. The Dominica citizenship through investment program is legally entrenched in law, jnvestment since local law does not contain any restrictions on invdstment dual nationality, obtaining second citizenship by investment in the country is a confidential process that does not require a person to renounce their existing citizenship. In addition dominica residency by investment having no physical residency requirement, the Commonwealth of Dominica citizenship by investment program has no language, age, business experience, or educational requirements, and there is no mandatory interview.

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Parents 55 and older and children up to 30 can obtain citizenship together with an investor. Information on obtaining citizenship is not disclosed to third parties. The total cost of obtaining citizenship depends on the investment option, number and age of applicants, as well as the selected package of services. Our expert who has worked with more than CBI cases in the Caribbean will consult you. The following steps are described for reference purpose only.

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Our team of professionals helps qualified individuals and families obtain second citizenship in Dominica! Established inthe Dominica Economic Citizenship Program legally offers individuals and families worldwide an irrevocable second citizenship and passport in only four to six months with no visit to the country required. The Caribbean island nation has an excellent international reputation, and consequently, the Commonwealth of Dominica passport provides visa-free or visa on arrival access to more than countries around the world including the entire European Union, Switzerland, UK, Singapore, Russia, Brazil, and Hong Kong.

The Dominica citizenship through investment program is legally entrenched in law, and since local law does not contain any restrictions on holding dual nationality, obtaining second citizenship by investment in the country is a confidential process that does not require a person to renounce their existing citizenship.

In addition to having no physical residency requirement, the Commonwealth of Dominica citizenship by investment program has no language, age, business experience, or educational requirements, and there is no mandatory interview.

The economically secure country with a parliamentary democracy enjoys one of the highest standards of living in the Caribbean, has no taxes for non-residents, boasts the lowest crime rate in the entire region, and is arguably one of the most naturally beautiful places on earth with lush green mountains, countless pristine rivers and waterfalls, and stunning white and black sandy beaches. This major cost increase has now been put on hold indefinitely, so if you are interested in becoming a Dominica citizen, we encourage you to act fast.

Section of the Dominica Constitution and Section 8 and Amendment 20 1 of the Citizenship Act define the investor program in law, legally granting eligible persons instant citizenship in the country by a Certificate of Naturalization. The Dominica Citizenship by Investment Unit CBIUa recently established Government authority within the Ministry of Finance, enforces all regulations under the passport program and is the regulatory body that ensures only worthy applicants are accepted.

In order to be considered eligible, the main applicant must be at least 18 years of age and must meet all the Dominica immigration requirements outlined. The Dominica Economic Citizenship Program will only accept individuals of outstanding character and repute. To ensure only credible persons of impeccable standing are given citizenship, the Government of Dominica has a preeminent private investigative agency perform a comprehensive due diligence procedure on all applicants older than 18 years of age.

Dominica is committed to an exemplary standard of due diligence to protect the integrity of its citizenship investment program, and only individuals with no criminal record and whose funds have been legally derived will be permitted to acquire citizenship in the country. In order to be approved for Dominica nationality, applicants should have excellent health and must show that they do not suffer from any contagious diseases.

To be eligible for Dominican citizenship by investment, a candidate must either make a significant economic contribution to a Government Fund or purchase approved real estate on the island. In both cases, the applicant must officially commit to making the investment before applying to the investor program, but does not actually have to pay in full until after approval in principle. Government Fund The Dominica Government Fund finances public and private sector projects in the country in an effort to increase national development and support the islands social progress and financial security.

Public sector projects identified for financing by the fund include renovating the local hospital, building new schools, constructing a national sports stadium, and promoting the Island of Dominica offshore industry. Private sector projects financed by the fund primarily focus on advancing the nation’s information technology, tourism, and agricultural sectors.

These contribution amounts are significantly lower than other citizenship by investment countries in the region with comparable passports. The Dominican Economic Citizenship Program offers astounding value to its participants, and no other reputable investor citizenship program has such affordable investment criteria making Dominica the cheapest citizenship by investment program in the world.

The cost to become a Dominica citizen will likely increase substantially in orbringing the country’s prices more in line with other Caribbean citizenship programs.

Candidates applying under the Government donation option must agree to pay the total amount specified by the program within 30 days of receiving an Approval in Principle letter from the CBIU. Until the applicant has passed the due diligence phase and is officially approved in principle, however, they are not required to actually make the contribution.

Upon formally receiving conditional CBIU approval, donations are deposited by wire transfer into a designated governmental escrow account at the National Commercial Bank of Dominica. If an application is rejected or withdrawn, the candidate will be refunded the entire deposit amount minus a small application fee within one month of the rejection or withdrawal. If the application is successful, the money will be removed from the escrow account by the Government only after an Oath of Allegiance has been signed before a Notary Public and naturalization certificates as well as passports have been issued to the principal applicant and their family.

Real Estate Dominica is one of the most beautiful islands in the Caribbean with perfectly unspoiled nature — emerald green mountain sides cascade down to sensational coastlines and the mild Caribbean ocean. The island has rivers, one of the largest thermally active «boiling lakes» in the world, an abundance of exceptional hot springs, and a wealth of coconut trees and bright tropical flowers.

As people discover the amazing hiking, diving, bird watching, and other ecotourism activities offered on the volcanically active island, the number of tourists visiting Dominica each year continues to rise. Growing alongside the tourism industry, foreign ownership of real estate in Dominica has increased rapidly over the past few years.

Americans are retiring to the country in record numbers, drawn to the islands natural beauty and peaceful way of life, and businessmen and businesswomen from around the globe are strategically investing in Dominica luxury resorts, particularly individuals from China, Russia, and the Middle East.

If the applicant maintains ownership for five years, they are eligible to re-sell the property under the citizenship by investment program. There are several Commonwealth of Dominica citizenship program authorized real estate projects currently under development in the country.

One of the most promising is the secluded Cabrits Resort Kempinski by Range Developments, which will be a sensational luxury hotel with astonishing panoramic views of both the ocean and mountains. Another notable Dominica real estate development is the prestigious Tranquility Beach by Sunstone Incorporated, which will be an environmentally-sensitive resort with a world-class spa, wellness center, pool, and restaurant, all located on a gorgeous 4-acre plot of coastal land.

Both of these CBIU approved real estate projects offer fractional ownership optimized specifically for citizenship by investment candidates. Once approved in principle for Dominica citizenship, the investor then has seven days to pay the remaining balance of the investment, at which time he or she will be issued an Ownership Certificate. This certificate is then presented to Dominica authorities to formally demonstrate that the approved real estate investment criteria has been met in.

Purchasing fractional ownership in a Dominica resort project accredited by the citizenship program is fast and easy, requires no maintenance or upkeep on behalf of the investor, and based on the developer’s income and capital gain projections will typically be expected to return enough money after five years to cover both the capital invested as well as all fees originally paid.

Upon prudently fulfilling all of the above requirements, a foreign national is eligible to gain full, legal citizenship in the Commonwealth of Dominica for themselves and their family. Once approved by the Dominica Citizenship by Investment Unit, applicants are issued a Certificate of Naturalization and will receive their new passport within a week via courier. Once an investor has become a Dominica citizen, they can pass their nationality on to future generations by descent.

Interested in learning more about Dominica investment citizenship? Contact us for a confidential consultation. Dominica has a special government agency within the Department of Finance that handles all matters regarding economic citizenship including management and adjudication of applications, enforcement of regulations, and marketing of the program abroad. The first step towards procuring a Commonwealth of Dominica passport is to contact an Authorized Agent of the Caribbean economic citizenship program.

Before an accredited individual or company will accept a new investor client, he or she will customarily perform some basic due diligence on the potential client and will walk them through the entire process from start to finish.

If no issues surface during initial due diligence, the investor can retain the services of the agent who will then prepare and submit a citizenship of Dominica by investment application on their behalf.

As part of this process, the immigration professional will also handle all auxiliary documentation preparation and validation, and can even arrange the professional translation of foreign language documents into English. To begin the application process for Dominica citizenship by investment, a foreign national must sign a retainer agreement with their authorized representative initiating a client-professional relationship and ensuring the confidentiality of their private documents and information.

Due at this time are the agent’s professional service fees, as well as Government due diligence, registration, and application fees. The professional fees charged by the Authorized Agent vary in amount depending on the complexity of the file, with family applications costing more than single applications. Additional Government application fees are only required of candidates applying for Dominica economic citizenship under the real estate option — people making a qualifying contribution to the Government fund do not need to pay any additional Government application fees.

The citizenship by investment due diligence fees pay for an independent regulatory risk mitigation firm to perform a thorough background check on all applicants on behalf of the Dominican Government. Persons found to have made false statements in their citizenship Dominica application forms or supporting documents, or who are identified as being involved in criminal activities or under investigation in relation to criminal activities, will be firmly denied.

Additionally, any applicant who is found to have engaged in other nefarious conduct that could potentially bring disrepute to the country will be denied. By thoroughly vetting all applicants to ensure individuals involved in organized crime, money laundering, or terrorism are not able to buy Dominica citizenship, the country is protecting the value of their nationality which is in the best interest of all current and future Dominica passport holders.

Upon receiving a new citizenship by investment Dominica file, it takes the Government approximately 60 to 90 days to fully process the application and complete the necessary due diligence procedures. Dominica does not require foreign nationals applying for citizenship to attend an interviewand during this time all correspondence with the Government will be managed by the licensed broker on the client’s behalf. After clearing due diligence, the client will be issued a CBIU Letter of Approval in Principle and must now make the prescribed investment by either completing the purchase of approved real estate or wiring the relevant financial donation to the Government.

If any issues arise during the application process, the local agent will liaise with Dominica immigration officials on behalf of the client in an effort to overcome the dilemma. Once the CBIU verifies that the appropriate investment has been actualized in its entirety, a signed and notarized Oath of Allegiance will be submitted to the Ministry of Foreign Affairs, Immigration and Labour.

Upon approval by the Prime Minister of Dominica, the client will be promptly issued a Certificate of Naturalization and will receive a Dominica passport within seven days. Of all the reputable countries that sell citizenship, Dominica is the least expensive. Compared to other Caribbean citizenship programs, the financial requirements to obtain a Dominica passport by investment are abnormally low.

The cost to become a Dominican citizen via Government donation was scheduled to rise considerably on August 1,but the increase has been put on hold temporarily until at least If implemented, this will be the new cost of Dominica citizenship when making a monetary Government Fund contribution.

Although not originally scheduled to go up, prices for Dominica citizenship by real estate investment could also increase. The minimum price for a single applicant to buy citizenship in Dominica, including all fees, is broken down. The minimum price for a family of four to buy citizenship in Dominica, including all fees, is broken down. Please note: the above calculations are for a family of 4 consisting of the main applicant, spouse, and two children below the age of Contact us today for assistance determining the total cost of Dominica nationality for your family.

One of the primary reasons why people buy a second passport is to free themselves from absolute dependence on a single country. It is common advice to diversify financial investments across a variety of markets, asset categories, and industries, yet many people do not spread their political risk beyond their current jurisdiction. A second passport offers economic as well as political diversification and is the ultimate emergency backup plan.

Another popular reason to buy a second passport is to make international travel easier and more private. Even if you are a trustworthy and wealthy business professional or important Government official, it can be extremely difficult to travel internationality if you hold a passport from a country with domestic security issues, a substantial number of low-income residents, or foreign policy challenges.

Traveling with a Dominica second passport empowers a person to visit most developed countries without the hassle of first applying for a visitor visa, and this increased international mobility can really improve a person’s quality of life. Whether a person wants to attend a business meeting in Hong Kong, take a vacation in Switzerland, visit a child going to university in the UK, or go to a medical hospital in Singapore, a Dominica passport can facilitate fast and effortless travel all over the world including the entire European Union EU and Europe Schengen Area.

Even when visiting a jurisdiction that requires Dominica citizens to first attain a tourist visa, Dominica passport holders may be in an advantageous position compared to people of other nationalities as they may face less stringent visa application conditions. Holding citizenship in a Commonwealth country such as Dominica can also make it easier to procure a business visa or residence permit in many other Commonwealth countries such as Canada or Australia.

There is no residency requirement whatsoever to obtain Dominica citizenship through investment, and applicants are not even required to visit the country a single time. Once a person has acquired Dominica nationality, there is also no obligation to ever visit the island in order to maintain citizenship, and Dominica passport renewals are unconditionally available to all citizens at all times.

Dominica is a fantastic country, however, and new citizens are encouraged to visit and are of course very welcome to live, work, or study on the island. In most cases, it is possible for Dominica economic citizenship participants to keep their newly acquired second passport a secret since the process is completely confidential and there is absolutely no disclosure of information unless required for due diligence purposes. The country fully recognizes dual citizenship, which means the Government of Dominica will never force a person to renounce their existing citizenship in order to be granted a new nationality, and will never exchange information with foreign governments.

The names of successful citizenship by investment candidates in Dominica will also never be published publicly. The Government of Dominica even allows people to legally change their surname via a Deed Poll procedure once they have been a citizen for more than one year. Please note: although Dominica dual citizenship is permitted, a person’s current country of citizenship may have restrictions prohibiting them from possessing a 2nd passport.

A citizenship by investment Dominica passport is valid for ten years at a time, and can be renewed for life since citizenship in the country is never revocable under any circumstances.

Dominica passports issued to children under 16 years old are valid for a duration of 5 years. Even if the Caribbean economic citizenship programme eventually closes, anyone granted citizenship under the scheme will forever retain their second nationality and passport providing free international travel to countries and territories around the globe. An expired or expiring Commonwealth of Dominica passport can be easily renewed for a small fee at any Dominica consulate, embassy, high commission office, or at the Dominica passport office in Roseau, the nation’s capital.

Dominica residency by investment or stolen passports, or passports with no free visa pages left, can also be replaced by any consulate, or by the passport office. The licensed local promoting agent of the Dominica Economic Citizenship Program that originally guided you through the application process can also help facilitate the renewal of your passport. There is no need to have a Dominica address in order to renew your passport — you can use your primary residence elsewhere without a problem.

Dominica offers global entrepreneurs a favorable business development environment and generous tax regime. Citizens of Dominica that do not reside in the country enjoy a tax-free status on all foreign income and capital gains and are not liable for any gift, wealth or inheritance taxes in the country.

Dominica on the world map 👉 Tourism, attractions, how to get there, infrastructure

Dominica Citizenship – FAQs

From Wikipedia, the free encyclopedia. The applicant must follow the invesrment mandated by the Dominica residency by investment Convention or, where this does not apply, the Foreign Ministry of the jurisdiction in which the copy was. Retrieved At this stage, the applicant must provide a bank reference letter and audited financial reports for the last two years, as well as any other document that the bank, at its discretion, may residehcy. Once funds are cleared, the Government of Dominica approves the applicant for citizenship. While this will give you unrestricted claim to the entire property, you will not have an exclusive claim to any single part of the resort. How exactly does the application process work and how long does it take? For anyone whose every dollar has a potential opportunity cost — crypto investors, Amazon FBA sellers, e-commerce folks, business people who have a quick turnover. The Investment In Dominicaapplicants have two investment choices: a contribution to a Government fund known as the Economic Development Fund EDFor the purchase of real estate pre-approved by the Government. Author Recent Posts. The passport office has its own set of documentary requirements, including a completed passport form and the economic citizen’s birth certificate, Certificate of Naturalisation, passport photo, marriage certificate, and name change records.