Dominica is one of the most breathtaking islands in the Caribbean, boasting one of the best standards of living in the region.
Why Choose Dominica?
Officially the Commonwealth of Dominica, this beautiful island boasts pristine, sandy beaches, lush green mountains, acres of unspoiled tropical rainforests and some of the best diving and hiking in the Caribbean. A diverse blend of English, French, African and Carib peoples and cultures, Dominica is a politically and economically stable state with the lowest crime rate in the region. In addition, Dominica recognizes dual citizenship.
Dominica's Economic Citizenship Program Offers Applicants a Wealth of Benefits and Privileges:
- The freedom to live abroad if you are legally able to under the laws of your host nation, as there is no requirement to reside in Dominica before or after citizenship is granted;
- Inclusion of dependent children under 28;
- Inclusion of unmarried daughters under 28 living with and fully supported by the main applicant;
- Inclusion of dependent parents and grandparents over 55;
- No education or managerial experience required;
- Global mobility, including visa-free travel to over 120 countries and territories, from Singapore and Hong Kong, to the European Union and the United Kingdom; and
- Minimal taxation – no wealth, gift, inheritance, foreign income, or capital gains tax;
To qualify for citizenship in Dominica applicants must fulfill the following criteria, as well as one of the investment options below:
- Be of outstanding character;
- Hold no criminal record;
- Have excellent health; and
- Have a basic knowledge of English.
1. The Economic Diversification Fund (EDF) and Requirements
To qualify for citizenship under the EDF option, the following contribution amounts are required, depending on the number of dependents included in the application:
- Single applicant: a non-refundable contribution of USD 100,000;
- Main applicant and spouse: a non-refundable contribution of USD 175,000;
- Main applicant with up to three qualifying dependants: a non-refundable contribution of USD 200,000;
- Any qualifying dependant of the main applicant, other than a spouse: a non-refundable contribution of USD 25,000 per dependant.
In addition to the contribution made into the EDF, certain fees are also payable including, but not limited to, due diligence fees.
2. Real Estate Investments
To qualify for citizenship of Dominica under the real estate option of the Citizenship by Investment Program, you must purchase authorized real estate at the minimum value of USD 200,000.
Nationals of the following countries and territories will be treated on a case-by-case basis: Afghanistan, Chechnya, Iraq, North Korea, Pakistan, Sao Tome Principe, Saudi Arabia, Somalia, Sudan, Turkmenistan, Uzbekistan and Yemen.
Upon approval of an application through a real estate investment or other approved project, the following government fees also apply:
- USD 25,000 for a single applicant;
- USD 35,000 for the main applicant applying with his or her spouse;
- USD 35,000 for a family of up to four persons, including the main applicant and up to three dependants;
- USD 50,000 for a family of up to six persons, including the main applicant and up to five dependents; or
- USD 70,000 for a family of seven persons or more, including the main applicant and six or more dependants.
In order to qualify for citizenship, you must hold authorized real estate for 3 years from the grant of citizenship. Furthermore, you may only re-sell that real estate under the Citizenship by Investment Program after 5 years of holding citizenship.