Dominica
Citizenship by Investment
Second Passport Through Business and Real Estate Investment
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Dominica Citizenship by Investment
At Fast Passport Boutique, we offer citizenship by investment solutions in Dominica to individuals who want to gain the right to travel and work. Our range of citizenship for sale options includes golden visas and second passport opportunities through investment. The citizenship by investment programs in Dominica are tailored to meet clients’ financial needs, enabling them to reap maximum benefits from the new citizenship that they acquire. We have years of experience in helping people achieve their citizenship goals; evaluating each customer’s unique situation is our priority. Our dedicated team is on hand to make sure that applicants attain reliable results with flexible requirements, belonging to one of the most recognized program available in the market today.
Dominica Overview
The Dominica Citizenship-by-Investment program was established in 1993, offering individuals and their families irrevocable second citizenship and passport in just four to six months. It is one of the most extended, fastest and most affordable programs in the world.
The Citizenship by Investment Dominica program aims at attracting foreign investors to help boost economic growth in Dominica. Applicants can choose between two programs: donate to a significant development project or invest in real estate projects approved by the Government.
The Citizenship-by-Investment program allows Visa-Free Travel to over 160 countries.
Investment
Minimum investment of USD 100,000
Processing Time
Processing time of 2 to 6 months.
Key Benefit
Visa free travel to over 112 countries
Citizenship by Investment Dominica
- Economic contribution via Dominica’s Economic Diversification Fund (EDF)
- Real Estate Investment
- EDF Contribution (USD 175,000) plus additional fees for a family of 4
- Real Estate Investment in government-approved projects (USD 200,000, must be held for a minimum of three years. Plus government and processing fees).
- Spouse
- Dependent children up to 30 years old
- Dependent Parents or Grandparents over 55 years old
- Unmarried dependent siblings under 25 years of age
- 10 years validity for adults
- 5 years validity for children under 16
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Benefits of Dominica Passport
Process
- Dominica allows dual citizenship. No need to renounce your current citizenship.
- No physical residency is required.
- Education, language, and interview evaluations are not required.
Global Mobility
- A second passport allows applicants to receive visas a lot more seamlessly.
- Allows for more accessible and more private international travel to over 160 countries, from Singapore and Hong Kong to the European Union and the UK
- Holding citizenship in a Commonwealth country such as Dominica can help obtain a business visa or residence permit in many other Commonwealth countries such as Canada or Australia.
- Obtaining citizenship allows applicants to receive a digital passport, increasing their security and significantly reducing possible forgery.
Wealth Protection
- Applicants can open bank accounts with reputable banking institutions globally with the newly obtained passport.
- Nominal taxation, with no wealth, gift, estate, foreign income, or capital gains tax
- There are no constraints over the repatriations of profits, as well as imported capital.
- Protection packages combine exemption from import duties, tax relief benefits, corporate tax incentives and export allowances.
Country Information
Officially known as the Commonwealth of Dominica, Dominica is a small Island Country in the Caribbean, located between Martinique and Guadeloupe.
It is named the Nature Island of the Caribbean for its pristine, unspoiled natural environment. The island is known for its breathtaking beaches, lush scenery, marine biodiversity and varied botany and wildlife.
Primarily covered by tropical forests, and is home to the world’s second-largest hot spring.
Dominica is a politically and economically secure country with one of the highest living standards and the lowest crime rates in the Caribbean.
The capital of the country is Roseau, and its official currency is the XCD. The exchange rate is 1 USD = 2.7 XCD. The population is 71,624, and the government operates under a Federal Parliamentary Democracy system. The primary languages spoken are English and French Patua.
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Faqs About Dominica
At a first glance, the fund option does look less costly, but bear in mind that the whole amount of $193,300 is not refundable. If, however, you choose to invest in a government approved project, you will be able to recover your money after three years by selling your property and getting at least $200,000 out of $253,300 back. Besides, you might be able to cover part of your application expenses with income from renting your property.
To sum it up, if you have money to spare and are ready to work with a property management company, go for the real estate option of investing in Dominica citizenship – in the best-case scenario you will end up paying only $53,300. If you worry about finding a reliable property manager, be sure that Imperial & Legal team will recommend you one.
As of early 2021, Dominica has signed visa waiver agreements with 143 countries and territories. It is ranked 34th in the annual passport index. But it is not all about the number of countries.
What also matters is which countries you can visit without a visa and how long you can stay there. Dominica national scan fly to any Schengen state and stay there for up to 90 days. They can also spend up to 180 days in the UK, the former metropole. Since Great Britain is no longer part of the EU, Caribbean citizens can spend the best part of the year in the UK and continental Europe.
Here are top five advantages of Dominica citizenship by investment program:
Affordability: a single investor need sonly$100,000 to donate in the Economic Diversification Fund or $200,000 to buy an approved property on the island.
Your investment in a share in a hotel or another property can be recovered in 3 years of ownership as prescribed by law.
Apart from your spouse, kids and parents, you can now include in a Dominica citizenship application your unmarried siblings and spouses of financially dependent children.
You are granted citizenship for life subject to passport extension every 10 years.
The whole application process is done through an agent which minimises your personal involvement and presence.
In order to apply for the Dominica citizenship, you need to fulfill the following criteria:
- Age must be 18 years above
- Health should be excellent
- No criminal record
- Dependent kids must be under 30
- Must clear all due diligence checks
