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 Dominica citizenship as alternative citizenship.
In this Guide for Dominica Citizenship by Investment we will cover all these topics:
Advantages of obtaining Dominica passport and citizenship by investment.
Citizenship by Investment
What is Dominica citizenship by investment program?
What is the eligibility requirement for Dominica CBI?
How much does the Dominica CBI cost?
How much time does the Dominica citizenship program take?
Important FAQs about Dominica citizenship by Investment
Benefits of obtaining citizenship of Dominica by investment
Dominica citizenship by investment provides numerous immediate and long-term benefits
Here is the complete list of Dominica passport you would love to know:
Opportunity to access the European Union, the world’s largest economic zone for business purposes.
Tax-free global income
No inheritance taxes
Good investment returns in case of real estate option
Same travel benefits as the world powerful passports
Visa-Free or Visa on arrival access to more than 130 countries including the business hubs such as the UK, Singapore, and Hong Kong.
So, what is the Dominica citizenship by investment program?
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.
Eligibility Criteria for Dominica Citizenship by Investment
For an individual to qualify for Dominica citizenship by investment program, you must meet these obligations:
Must be 16 years of age or above
Make the required monetary investment as described by the government
Must have a clean criminal background
A detailed CV
Comprehensive business background information
Dominica Citizenship by Investment Cost Requirements
Dominica Citizenship by Investment has a particular fees requirement
The cost is divided into various sections:
Due Diligence fees
Other fees including professional fees
Dominica citizenship program has two investment options:
Donation to the government for the economic development of the country
Real estate investment in government-approved projects
In the donation option, the amount starts from 100,000 USD which increases based on the number of dependents.
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:
US$ 7,500 for due diligence for main applicant
US$ 4,000 for due diligence for each dependent over 16 years
Steps to Attain Citizenship for Dominica
(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.
Eligibility check and file creation
Submission of file to the government
Receive the letter of approval from the government
Transferring the final payment
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.
Frequently Asked Questions (FAQs’)
Can an individual submit the application to the government of Dominica himself/herself?
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.
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.
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