On 26 July 2016, PM Roosevelt Skerrit presented Budget 2016- 2017 in which states the benefits of Citizenship by Investment Programme to the Economy of the Commonwealth of Dominica and future development of Citizenship by Investment Programme.
PM Roosevelt also ensured to the future applicant of the Dominica Citizenship by Investment Programme that there is no increase in the investment amount or cost to get Dominica Citizenship through investment.
As before, one can attain the Dominica Citizenship through Investment either by contributing to the Government fund or by investment in Real Estate.
For Dominica citizenship by investment in Government Fund costing as follows:
- A single applicant for citizenship is US$100,000;
- An applicant with a spouse is US$175,000;
- An applicant with a spouse and 2 children under 18 years is US$200,000.
On top of these fees are such things as a background check from any countries you have lived in and an application fee.
To qualify for citizenship in Dominica under the Real Estate Option under the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000.
After this budget we can say that Dominica Citizenship by Investment programme is impacting greatly in the development of the country and government is taking special care to maintain transparency and its value by maintaining strong due diligence.