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Dominica

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Citizenship by investment programs provide families with the privilege of acquiring an alternative citizenship

Dominica offers an attractive citizenship program with a real estate option. Required contributions start from USD 100,000.

Dominica

One of the most beautiful islands in the Caribbean, the Commonwealth of Dominica established its citizenship by investment program in 1993 to boost its investment. Dominica is a former British colony and a member of the Commonwealth of Nations, the UN, the Organization of American States, CARICOM, and other international organizations.
Commonwealth of Dominica is a 751 sq.km island nation in the Eastern Caribbean. It is a sovereign island nation. The government system of Dominica is a parliamentary democracy within the Commonwealth of Nations, based on its constitution which was adopted in 1978. The population of the country is 73,500.
The currency of Dominica is EC$. Its capital is Roseau. English is the official language of Dominica; however, French and Creole are also spoken widely. Dominica is an agriculture based economy. The prime exported manufactured products are rum, timber, and soap.
Tourism is another drive for the economy. Commonwealth of Dominica is known as the ‘Nature Island of the Caribbean’. It is full of rainforests, rare plants, plants and birds and opportunities to snorkel and dive to shipwrecks and underwater hot springs.
It is home to the world’s second largest thermally active lake that offers hot and cold sulphur springs with healing characteristics. Dominica is an outdoor adventurist’s dream with over 40,000 acres of area covered with national parks and forest reserves along with 365 different rivers.

CITIZENSHIP BY INVESTMENT

Dominica’s Citizenship by Investment is one of the oldest citizenship by investment programs in existence that allows investors to migrate to Dominica. This program does not force requirements that are too difficult to fulfill. The average timeline to process Dominica citizenship is about 3-4 months, however for some cases it may take longer.
  • Citizenship is for life for the investor, spouse, children, parents and siblings
  • Applicants are not required to visit or reside in Grenada.
  • Citizenship is passed down through generations
  • Grenada's passports are issued within approximately 90 to 120 days of filing an application. ¢ A tax-efficient jurisdiction.
  • Citizens of Grenada may travel visa-free to more than 130 countries, including the United Kingdom, Russia, China, Schengen European countries and most British Commonwealth countries.
  • Citizenship includes full residency status and the right to work in Grenada.
  • Dual citizenship is permitted without any requirement to notify the applicant’s home country.
  • Exit options provide the ability to realize capital gain on the investment after a 5-year holding period.
THERE ARE TWO OPTIONS AVAILABLE WHERE AN APPLICANT CAN INVEST:
  • First option is a non-refundable contribution starting from 100,000$ to the Government’s Economic Diversification Fund (EDF)
  • Second option is investing in a preapproved real estate development with a minimum value of 200,000$

KEY ADVANTAGES

  • Minimal taxation - no wealth, gift, inheritance, foreign income or capital gains tax
  • The physical residency from new citizens does not require, that eases to hold dual citizenship.
  • The passport holders have the benefit of the country amazing tax code. The taxes are minimal and there is no wealth, gift, inheritance, foreign income or capital gain taxes. Moreover, personal tax only applies if one is residing and earning in the country
  • Generous incentive packages include corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance.
  • Currency is pegged to the US dollar, which provides certainty and stability in exchange transactions
  • Duty free trading in the Caribbean
  • Peace of mind knowing you belong to a warm and welcoming international community with steadfast governance at its core
  • Simple and efficient processes to ensure a smooth citizenship journey
  • Ideal for those seeking greater mobility and travel. A Dominican passport allows visa free travel to 190 countries including Europe’s Schengen (Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Portugal, Spain, Switzerland, and Turkey etc.) and the UK, as well as Colombia, China, South Korea, Mauritius, Hong Kong, Malaysia and Singapore and many other countries.
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      It varies depending on the country. It is difficult to say.

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      You must need to know details about versity and how much it costs. Is it possible to work when you are a university student and little more things.

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