Launched in 1993, Dominica’s Citizenship by Investment Programme has been ranked as the number one CBI initiative for five consecutive years by the CBI Index. For those who meet Dominica’s citizenship requirements, the idyllic Caribbean island offers one of the best standards of living in the region. Dominica is politically and economically stable, with a low crime rate and rich investment opportunities. Nicknamed the “Nature Isle of the Caribbean”, it is also one of the most beautiful places on earth. Dominica boasts a pristine coastline, acres of unspoiled tropical rainforest, incredible marine biodiversity and a number of natural hot springs thanks to its volcanic origin.
As well as the many advantages of living in Dominica, Dominica citizenship confers many benefits in its own right. These include:
1. Global mobility into 112 countries.
2. Ability to pass on citizenship to future generations.
3. Citizenship for life, with the right to live and work in the country.
4. Right to hold dual citizenship.
5. Tax optimisation.
6. Ten year B1/B2 US Visa.
THE ECONOMIC DIVERSIFICATION FUND
Applicants can make a substantial contribution to the Economic Diversification Fund (EDF), a government fund that supports socio-economic initiatives in Dominica. Due diligence and processing fees apply.
PRE-APPROVED REAL ESTATE
Under the real estate option applicants are required to purchase Government-approved property. This must be held for a minimum of three years.
Minimum investment: USD 200,000
The Dominica Citizenship by Investment Programme is a good value for money for both individual applicants and families looking to apply for second citizenship. The following investors are also a good fit for the program:
1. Single professionals who want to broaden their horizons
2. Families of four who would eventually like to add dependants such as grandparents or siblings
3. Individuals looking to study abroad
4. Digital nomads who want greater global mobility
For successful applicants, the Dominica citizenship by investment application process consists of seven main steps, which are:
Pre-approval by our Certified Immigration Consultants and preparation of the application
Submission of the citizenship application
Application processing by the Citizenship by Investment Unit and internal and external due diligence checks
Approval in principle
Contribution to the Economic Diversification Fund or investment in the pre-approved real estate.
Citizenship certificate issued
From submission of the application to an approval in principle, successful applicants are generally expected to wait three months.
Once an individual’s application for citizenship by investment is approved, an economic citizen can apply for a passport at the Passport Office.
The passport application process is separate from the citizenship by investment process and requires the applicant to present a number of documents, including, but not limited to, a certified copy of the applicant’s Certificate of Naturalisation – the document that is issued to an economic citizen at the end of the citizenship by investment process.
It is possible for an economic citizen to appoint a third party to apply on his or her behalf. Applications for a passport can be submitted as soon as citizenship is received.
By law, an investor cannot apply for citizenship on their own. The applicant needs to contact a licensed agent to participate in the Dominican citizenship by investment. The licensed agent is a law firm that assists applicants at every stage of obtaining citizenship.