Guide to obtain Dominica passport as your second passport through investment
If you are considering second citizenship especially for the Caribbean country then you are at the right place, in this article, we elaborate why Dominica citizenship ranked as the top citizenship-by-investment country consecutively 4 times by CBI Index.
So why Dominica should be your first choice for the second citizenship even though there are plenty of other options are available.
The reasons for buying second or alternative citizenship varies for each and every individual, in this article will provide complete information you need for obtaining Dominican citizenship as alternative citizenship.
In this Guide for Dominica Citizenship-by-Investment we will cover all these topics:
Dominica citizenship-by-investment provides numerous immediate and long-term benefits
Here is the complete list of Dominica passport you would love to know:
Checkout complete list of visa free or visa on arrival countries
As we summarized all the benefits of Dominica passport, now it is time to go deep to know more about the Dominica citizenship by investment program.
Before knowing about the Dominica citizenship program, we should know what is citizenship by investment?
Citizenship by investment is the process which allows individual to obtain citizenship of a particular country through investing in different available options.
Learn more about citizenship by investment here
Since, the year 1993, in order to attract more investment into the country and to boost the economy of the country, Dominica is inviting investors to invest and gain fast track citizenship. This program is very attractive for people who want to improve their international mobility.
This is a completely legit program regulated by the Dominica government and need deep due diligence to get approved.
For an individual to qualify for Dominica citizenship-by-investment program, you must meet these obligations:
Dominica Citizenship by Investment has a particular fees requirement
The cost is divided into various sections:
Dominica citizenship program has two investment options:
In the donation option, the amount starts from 100,000 USD which increases based on the number of dependents.
In real estate option, one needs to make a minimum investment of 200,000 USD in a government authorized real estate project which one can resale after 5 years.
Irrelevant of whether you chose to invest in real estate or donation option, one needs to pay the due diligence fees. The cost for the Due Diligence is mentioned below:
(Obtain you Dominica Passport in Just 120 days)
The complete process to attain Dominica citizenship is very simple, it takes around 120 days to get Dominica passport in hand. It begins with the submission of file with the required documents and ends with the receiving letter of naturalization.
Step 1
Eligibility check and file creation
Step 2
Submission of file to the government
Step 3
Receive the letter of approval from the government
Step 4
Transferring the final payment
Step 5
Receive the certificate of naturalization & passport
(Go through the below infographic to learn more).
So, the complete Dominica citizenship process takes up to 120 days, after which you are issued with the Dominica passport.
Can an individual submit the application to the government of Dominica himself/herself?
No, they must submit their citizenship application through Dominica government authorized agent.
How Dominica CBI program is different from other citizenship programs?
Dominica citizenship program is functional since 1993, it is a stable program with intensive due diligence.
Do one have to attend an interview for Dominica citizenship?
No, there is no need of attending an interview.
What are the tax implications of obtaining citizenship in Dominica?
Dominica has no foreign income tax, no inheritance tax or any other tax, you only will be taxed on the income earned in Dominica.
Does Dominica allow for dual citizenship?
Yes, if you attain Dominica citizenship by investment, you can hold both your new Dominica citizenship and your current nationality. According to Dominica law, you can be a dual citizen.
Conclusion
Dominica, as a Caribbean island, is attracting investors from all over the world for economic prosperity.
This investment in your future gives you and your family safety, security and freedom to travel among the best destinations of the world. You and your family will have the Dominica passport and citizenship which is citizenship for life.
If you are keen to learn more about citizenship by investment options, feel free to contact our citizenship consultant.
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