Dominica Citizenship by Investment
Starting in 1993, the Dominica Citizenship by Investment (CBI) program welcomes investors who help the country economically by giving them full citizenship. Thanks to its low cost, speed, and many advantages for investors, people are familiar with this program.
Details on the Dominica Citizenship by Investment Program
The Dominica CBI program motivates foreigners to invest in the country to stimulate its economy. Becoming a citizen of the Dominican Republic is possible by meeting the main investment criteria of either the Economic Diversification Fund or by banking on approved real estate ventures. The Program is managed transparently and efficiently under the Commonwealth of Dominica Citizenship by Investment Unit (CBIU).
Reasons to Get Dominica Citizenship by Investment:
Here are some benefits of getting Dominica Citizenship by investment:
- Dominica passport owners can visit more than 140 countries worldwide without needing a visa, including those in the European Union, China, Hong Kong, and Singapore.
- The Program allows the whole family to become citizens, with spouses and children under 30 and parents or grandparents over 65 allowed.
- Investors from Dominica can have both their original citizenship and Dominican citizenship at the same time.
- People in these countries do not pay tax on their wealth, gifts, inheritance, or capital gains. Only income earned in Dominica by non-residents is subject to tax.
- Applying for citizenship is easy, and the procedure usually lasts 6 to 9 months.
- People can invest in the EDF by making a non-refundable contribution or selecting from pre-determined real estate projects that need at least $200,000.
What does the Program Involve?
Investment Options
The Economic Diversification Fund (EDF) helps different sectors, such as healthcare, education, and infrastructure. By law, a non-refundable EDF contribution is required. Therefore, an applicant must invest $200,000; investment amounts for additional families are also required.
Furthermore, investors can purchase government-endorsed real estate worth at least $200,000 under this program. The investment must be kept for 3 years, and then it can be sold to another CBI applicant after 5 years.
Eligibility Criteria
People who wish to apply for citizenship by investment in Dominica must:
- You must be 18 years old to participate.
- Be free from any criminal offense.
- Ensure a complete background check is carried out.
- Show the lawful connection between your funds and your assets.
- See your doctor and have a checkup.
- Go to an interview, whether in person or online.
Expenses and Charges
Besides agreeing to invest the stated amount, applicants for this program must pay other government and arrangement fees. The costs you pay are required for all applicants, and you will not receive your money back if you are not accepted.
Due Diligence Charges:
- Principal applicant: $7,500
- Spouse: $4,000
- Dependents over 16: $4,000 each
The fees are for background checks run by international bodies to verify the applicant’s eligibility as a safety and legal requirement.
Processing Fee:
- A fee of $1,000 applies to every application.
Interview Fee:
- Every person applying will pay $1,000.
Applicants will need to take part in interviews based on what their profiles show.
Passport Fee:
- The average cost per person is $361.
Certificate of Citizenship:
- Every person has to pay $250.
Bank Charges:
- You need to pay $270 per item of personal possession.
Remember that when you do a Dominica real estate investment, you need to pay additional government fees of at least $75,000.
How to Apply For Dominica Citizenship Program?
What Makes Us a Good Choice?
Here’s how to get Dominican citizenship:
- Share your expectations and learn about your chances of selection.
- Collect your papers and complete all the required application forms after deciding.
- You must pass background checks and reveal your financial situation to the agency.
- Place the necessary money into an EDF or legitimate real estate.
- To apply, send your complete application to the CBIU.
- Participate in a required interview, which can be done online or physically.
At VIPnomads.com, we want your trip to be flexible, safe, and comfortable. If you’re thinking about retiring in Dominica, purchasing a home there, or simply taking advantage of Dominica’s dual citizenship, we can help you along the way. Thanks to our highly knowledgeable team, your Dominica citizenship application is done correctly, and you feel secure from start to end.
The Dominica Citizenship by Investment program is about much more than a second passport; it’s about obtaining new opportunities. Dominica provides genuine advantages for expats due to its Caribbean location, good governance, and simple taxes.
At our website, VIPnomads.com, we help clients get Dominica citizenship through investment carefully and with in-depth experience. Our services cover:
- Recommendations: By asking questions about your current situation, we can help you make the right investment choice for your needs.
- Preparation of Documents: Support for gathering and delivering the required papers.
- Application Management: Working as the representative for you throughout the application process.
After you become a citizen, we are here to help you renew your passport, handle real estate matters, and address various other issues.
Is Dominica Suitable for You?
Earning the nickname “Nature Isle of the Caribbean,” Dominique island is one of the most peaceful and loved islands chosen by expats. Like many other Caribbean islands, English is the official language here. Appreciators of the quiet, natural beauty of the island, along with its steady economy and cheerful locals, see it as a great site to retire in Dominica or move to the Caribbean. It is one of the best Caribbean islands for expats.
To know more about us
Frequently Asked Questions
How much does it cost to get Dominican citizenship?
To use the EDF option, you must have at least $100,000 and more than $210,000 in total fees.
Can I have Dominica dual citizenship?
You may hold Dominican and your original nationality at the same time. Receive a Golden Visa and enjoy the lifestyle you dream of.
What does one need to become a Dominican citizen?
Dominica citizenship requirements are a clean criminal history, a legitimate source of money, a health exam, and an interview. Fulfill these requirements and relocate to Caribbean region with Dominica passport by investment.
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