CTrustGlobal - Citizenship by Investment Government Authorized Agent

CTrustGlobal

How Egyptian Nationals can acquire a Dominican citizenship by Investment

How Egyptian Nationals can acquire a Dominican citizenship by Investment

Since the fall of Hosni Mubarak in 2011, there has been a marked increase in the number of Egyptian Nationals seeking to migrate to other countries. This trend can be largely attributed to the political and economic instability that has beset Egypt in the years since Mubarak's ouster. As a result, many Egyptians are seeking to escape the high levels of poverty and unemployment that have become commonplace in their home country. Additionally, many Egyptians are seeking to take advantage of the opportunities available in other countries, particularly in Europe and North America.

But however, as a holder of an Egyptian passport, moving to these countries requires a visa or a passport that will grant you and your family permanent residence. How can you break free from this hassle? The answer is acquiring a second passport and dual citizenship in a country with a better passport ranking that will enable you to travel the world however you want.

Here at CTrust Global, an authorized Citizenship-by-investment agent for the Caribbean countries, we will share all the details on how Egyptians can acquire a Dominica passport and citizenship.

Table of Content:

Where is Dominica Located?

With a population of over 73,000, Dominica is a small island located in the eastern Caribbean Sea country. It is not to be confused with its neighboring country, the Dominican Republic. The country is also located in the Lesser Antilles, near the French overseas territories of Martinique and Guadeloupe. To say the least, Dominica boasts of its lush rainforests, sandy beaches, and hot springs. Over the years, Dominica’s tourism industry has recorded a huge surge, often attracted by holidaymakers, retirees, and business investors that foresees a future in the country.

Dominica Passport Vs Egyptian Passport

Dominica’s passport is one of the strongest passports and currently ranks the 33rd position on the passport ranking index. With the current position, holders of Dominican passports can now travel to 144 countries visa-free and visa-on-arrival. This includes EU and Schengen countries, the United Kingdom, Israel, Singapore, China, and more.

In comparison, however, the Dominica passport gives its holders more traveling freedom than the Egyptian passport which currently ranks in the 92nd place with access to only 52 visa-free countries.

Why should Egyptian Nationals consider Dominican Citizenship by Investment?

The question of why Egyptians should consider a Dominica passport isn’t a complex one that does not have clear reasons. Starting with the passport, holders of Egyptian passports have a limit to the countries with which they can visit visa-free. While the Egyptian passport can allow you to stay in Dominica for 21 days freely, acquiring the passport of the Caribbean country will add more edge to your traveling freedom. Below are more reasons why you should get a Dominica passport if you are a citizen of Egypt.

  • Visa-free travel to over 144 countries

The world has a lot to discover and learn. And for Egyptians looking to explore more of the world, acquiring a Dominica passport is a great opportunity. No more queuing at the embassies to submit visa applications. With a Dominica passport, you can visit Schengen countries such as Germany, Switzerland, Sweden, and many more.

  • Enjoy tax freedom in the Caribbean country

With the Dominica passport, it’s time to say goodbye to your tax burden. You can set up a business in Dominica and enjoy tax freedom

  • Fly the world with family members

The opportunity you’ve all been looking for is now in your hands. Whether with family or solo, discover and enjoy the world.

  • Breakout from the incessant political and economic instability

Nobody likes a political system or economic instability that does not favor the common man. Acquiring a Dominica passport is certainly an opportunity to escape from the shells of political and economic burden.

  • Low crime rate

With a low crime rate, you can enjoy the Caribbean country without worrying about security for yourself and your children. 

  • Strong and stable economy

Dominica has a good and stable economy, so you won’t worry about your investment.

  • A better opportunity for your children

Dual citizenship has many perks. You can receive the benefits and privileges offered by each country you are a citizen and if the law permits, access to two social services systems, be able to vote in either country, as well as run for office. And your children are not exempted.

Different ways Egyptians can acquire a Dominica passport and citizenship

There are two different routes by which Egyptians can secure a Dominican passport. There are:

  • Donation to the Economic Diversification Fund (EDF)

In an effort to enhance its national development, the Dominican government offers foreign nationals a form of Citizenship-by-Investment program by which investors can contribute to the financing of the country’s public sector projects such as building and renovating hospitals, and schools, national sports stadiums, etc.

In this case, Egyptians with good income can also embrace this opportunity and donate money to the Dominica Economic Diversification Funding program to secure their dual citizenship for the future.

To apply, you must make a non-refundable sum of $100,000. Details of the amount payable below:

Single ApplicantUSD $100,000
Applicant + SpouseUSD $150,000
Applicant + Spouse + 2 ChildrenUSD $175,000
Additional DependentUSD $25,000 each
Eligible Siblings (18 to 25 years)USD $50,000 each
  • Dominica Real Estate Investment

Egyptians interested in acquiring a Dominican passport and citizenship can invest in the Dominican government-approved real estate with a minimum investment of $200,000. See the extra fees for the applicant with family members below.

Main applicantUSD $25,000
SpouseUSD $10,000
Family of up to 4USD $35,000
Family of up to 6USD $50,000
Family of 7 or moreUSD $70,000
Additional dependentsUSD $25,000 each
Eligible siblings 18 to 25USD $50,000 each

How long can it take a citizen of Egypt to acquire a Dominican passport?

It takes just about 3 to 4 months to obtain a Dominican passport but depending on unforeseeable cases, the process can take up to 6 months.

What is the Validity of a Dominica passport?

The Dominica passport is valid for 10 years and the passport is renewable. However, a Dominican passport issued for children under 16 years old is valid for 5 years.

For an Egyptian to be eligible for the Dominican Citizenship-by-investment program, you must:

  • Hold no criminal record
  • Have excellent health
  • Be of outstanding character
  • Must invest or donate to the Dominican government

Can I recover my money after investing in Dominica?

The answer is YES! For the Egyptians investing in Dominica real estate, the program is completely a win-win situation, with more benefits for the investor as you can sell the real estate after 5-years while still maintaining your citizenship status. But the investment must be held for 5-years before resale.

Steps to take in order to apply for a Dominica passport

  • Contact us or fill out our form and we will get in touch with you.
  • To move forward, we will set up a meeting with you to discuss further.
June 24, 2022
Why the Caribbean is the Ideal Place to Obtain Citizenship-by-Investment

The Caribbean is a region with a rich history and diverse culture. It is also a region that is increasingly becoming a popular destination for those seeking citizenship by investment. There are several reasons why the Caribbean is the ideal place to obtain citizenship by investment, this includes the region’s political stability, diverse economy, attractive […]

June 23, 2022
Mistakes That Can Get Your Second Passport and Dual Citizenship Revoked

The need for getting a second passport and dual citizenship cannot be overemphasized. Nowadays, more and more people are interested in the benefits of having multiple citizenships. From securing a backup plan for the future uncertainties to becoming a global citizen, the world is becoming a polygamous ground and dual citizenship is the key. But […]

June 1, 2022
Why Egyptians Should Choose Grenada Citizenship by Investment

Since the fall of Hosni Mubarak in 2011, there has been a marked increase in the number of Egyptians seeking to migrate to other countries. This trend can be largely attributed to the political and economic instability that has beset Egypt in the years since Mubarak's ouster. As a result, many Egyptians are seeking to […]

May 29, 2022
Turkey Government Raises the Price for its Foreign Citizenship Investment Program

For foreign investors who are on the edge of subscribing to the Turkey citizenship investment program, you may need to brace up. The country is raising its price tag for real estate investment and it’s starting sooner than expected. From June 2022, there’s an increment of about 62% of the price in the Turkish real […]

DUBAI OFFICE

Copyright 2020 CTrustGlobal Ltd. | All Rights Reserved | Working under the umbrella of Trust Group

CHECK ELIGIBILITY
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram