Fees

from 100 000 USD

Acquire the citizenship of Dominica by investment

Having Dominican citizenship has the following benefits for successful applicants and their families:

  • Living in a peaceful and hospitable jurisdiction.
  • Global mobility, including visa-free travel to more than 120 countries and territories including Singapore and Hong Kong, the Schengen Area in the European Union, the UK and most of South America.
  • No taxes on wealth, gift, inheritance, foreign income and capital gains. Dominica has signed treaties to avoid double taxation with the United States, CARICOM and many other states
  • The possibility of obtaining resident status if you will live in a new homeland for most of the year.
  • The possibility of having the status of a citizen of several states.
  • The freedom to live abroad legally, in accordance with the law of the host party, as there are no requirements for the participants of the Dominica citizenship program for investments to reside in the Caribbean jurisdiction before/after obtaining Dominica citizenship for investment.
  • There are no restrictions on the repatriation of profits and the import of capital.
  • Generous business incentive packages, including corporate tax breaks, complete exemption from import duties.
  • The peg of the local currency to the US dollar at a fixed rate guarantees financial stability.
  • Investors have access to several duty-free markets through the Caribbean.
Citizenship of Dominica
Fill in the form below of second citizenship

The Island of Nature

Dominica is located just a few kilometres from Martinique to the south and Guadeloupe to the north. With an area of just 751 km2 (290 square miles), the island boasts a coastline of 148 km (91 miles). It has 365 rivers – one for each day of the year along with many waterfalls and is mostly covered with rainforest, thus its name as the Island of Nature. The population is at 73,500 including 20,000 residents of the capital city of Rozo and the second largest local town of Portsmouth.

The Commonwealth of Dominica gained its independence from the United Kingdom of Great Britain and Northern Ireland in November 1978, offers a vibrant mix of European and African cultures and serves as home to many descendants of the Caribbean pre-Columbian population: the Caribbean Indians. The official language is English (Creole is additionally common among locals), and Catholicism is the dominant religion.

It is a member of the following organizations:

  • Caribbean Community (CARICOM) and the British Commonwealth of Nations
  • Organization of Eastern Caribbean States (OEC)
  • Caribbean Development Bank (CBI)
  • United Nations
  • International Monetary Fund
  • World Bank and the Organization of American States (OAS).

How to obtain Dominica’s economic citizenship for investment/grant

Foreigners from age of 18 are allowed to apply for Economic Citizenship of Dominica for investments /grant fee (the requirement for the main applicant is allowed to include younger dependents in the collective application). It can be done in 1 of 2 ways:

  • A contribution of USD $100,000 (or equivalent amount in pounds/euro to the Economic Diversification Fund (EDF), additional fees apply for a collective application 
  • A real estate investment in approved properties from $200,000

The Government invites foreigners willing to invest in the local economy, ensuring sustainable economic growth and prosperity, creating jobs for the sake of local residents and stimulating business growth.

NOTE: Payments are settled in United States Dollars (USD). Applicants paying in GBP, EUR, XCD must include the exchange fee in the payment.

The purchased real estate must be held for a period of 3 years from the date of citizenship before it can be sold.

Dominica citizenship through real estate investments

The following government fees apply for the purchase of real estate:

  • $25,000 – principal applicant;
  • $35,000 – applicant with Spouse;
  • $35,000 – a family of three to four members;
  • $50,000 – a family of five to six members;
  • $70,000 – a family of seven or more members.

The siblings of the main applicant and their spouses from the age of 18-25 are included in the application for an additional contribution of $50,000 (for one additional dependent).

In addition to the purchase of real estate, the following fees are applied:

Processing fee (per application)1 000 $
Due diligence feesPrincipal applicant – $7,500
Spouse – $4,000
Dependent person aged 16 and over – $4,000
Naturalization Certificate$250 per person
The fee for the accelerated registration of the second passport after obtaining Dominica citizenship for investment1200 $ per person

Economic citizenship of Dominica for donation

The Economic Diversification Fund (EDF) was established as part of Dominica’s economic citizenship programme as part of a national capital raising strategy for national jurisdiction development. Funds generated through a local investment migration scheme are used for public and private sector projects.

Public sector projects cover, among other things: 

  1. school construction
  2.  hospital reconstruction,
  3.  stadium construction
  4.  promoting the development of the offshore sector.

 For private sector projects, the focus is on financial support for tourism, information technology and agriculture.

In order to obtain Caribbean national status through a grant from EDF, grants are required for the following amounts, depending on the number of dependents included in the application:

  • One applicant: non-refundable contribution of $100,000
  • Applicant and spouse: a non-refundable contribution of $150,000
  • Applicant with three dependents: a non-refundable contribution of $175,000
  • additional dependent, except spouse, siblings aged 18-25: non-refundable contribution of $25,000 per dependent

Siblings of the main candidate/spouses aged 18-25 are included in the application for an additional contribution of $50,000 (for one additional dependent).

In addition to the grant, EDF is additionally subject to payment of some other fees:

Processing fee (per application)1 000 $
Security checks fees Principal applicant – $7,500
Spouse – $4,000
Dependent person aged 16 and over – $4,000
Naturalization Certificate$250 per person
Expedited fee$1200 per person

Adding dependents to Dominica’s economic citizenship for investment/grant after approval of application

It is possible to add dependents to the approved application. The following fees apply:

Newborns/ adopted children

  • Processing fee: $500
  • Naturalization certificate fee: $250

Spouses who married the main applicant after obtaining Dominica economic citizenship for investment/donation

  • Processing fee: $1,000
  • The fee for the proper legal verification of the original applicant (if the application for the status of a Caribbean citizen to such a spouse is sent more than a year from the date of the initial application for economic citizenship of Dominica through investment / grant): $7,500
  • Legal check of the spouse: $4,000
  • Naturalization certificate fee: $250
  • Non-returnable grant: $75,000

Existing dependents

  • $75,000 – spouse;
  • $75,000 – brother/sister of the main candidate / spouse at the age of 18-25 years
  • $50,000 – not the spouse/sister of the main applicant/spouse at the age of 18-25

The following administrative fees are applied:

  • Processing fee: $1,000;
  • Legal verification of the original applicant (if the application for Caribbean national status to such a dependent is sent more than 1 year from the date of the initial application: $7,500;
  • Payment of a proper legal review of each pre-existing 16-year-old dependent: $4,000;
  • Issuance of a naturalization certificate for each pre-existing dependent: $250;

If an application for the addition of a pre-existing dependent is submitted before the expiration of the annual period from the date of granting economic citizenship of Dominica for investment / grant to the main applicant, the amount of additional grant to the state fund is reduced:

  • 50 000 $ — супруга;
  • $50,000 – brother/sister of the applicant / spouse from the age of 18-25 years;
  • $25,000  – dependent who is not a spouse/brother/sister of the main applicant/spouse at the age of 18-25.

The addition of dependents is possible for both options. It must be made by the main applicant.

The process

The process of issuing a second passport/passport through the Dominica Citizenship Program through investment/donation is as follows:

1. Choose an agent 

The first step is to select an agent from a list of authorized and licensed agents. Only agents approved by government are authorized to submit applications 

2. Preparation of documents 

The second step is to contact your chosen authorized agent to help you fill out forms/prepare documentation before it is sent to the CBIU. It is necessary to fill out official forms,  undergo a medical examination,  get certain supporting documents in English with the appropriate notary assurance / legalization. If you apply for Dominica citizenship through an investment in the purchase of real estate,  a pre-sale contract is needed 

3. Preliminary check 

The application and supporting documentation are checked by the agent and the authorities. CBIU functionaries will review and make recommendations to the government on approving/rejecting the application. The candidate will receive a letter through an authorized agent stating the successful approval of the application (“Principled Approval”) / the need for further processing/rejection..

4. In-depth check

When all forms are completed and the documents are collected, the authorized agent will submit an application to the CBIU, liaising with the agency on behalf of the client. The authorized agent will conduct correspondence, respond in due course to requests / questions of CBIU functionaries (when they occur). There are currently no mandatory interview requirements under Dominica’s investment citizenship programme. However, the interview may be at the discretion of the Government.

5. Making a subsidy / buying real estate 

If the application is approved, the letter from the CBIU will contain an order to make a grant payment (for the option of a grant to the Economic Diversification Fund) / complete the payment of real estate (when applying for Dominica’s economic citizenship through investments in the development project).

After receiving proof of payment, THE CBIU issues a registration certificate proving the status of a Caribbean citizen and used by a candidate/authorized agent when applying for a Caribbean passport.

The Pledge of Allegiance to the Commonwealth of Dominica should be signed after final approval. The oath is signed in front of a notary/ magistrate/official authorized to perform notary actions.

The application process is confidential, except where the necessary checks are carried out by international authorities and partners.

Dominica passports issued to investors are generally valid for a 10-year period. Passports of children under the age of 16 are issued for a five-year period. Overdue passports/documents without blank pages are easily renewed/updated for an additional fee in the Department of Passports and Immigration in the territory of the new homeland / through any consulate of the Caribbean country (without the need to personally travel to this jurisdiction).

Documents required

To successfully obtain a second passport and Citizenship of Dominica through investment / subsidized deposit will require the following documents:

  • D1 – Disclosure Form;
  • D2 – Fingerprint and photo verification form (filled in front of the fingerprint specialist);
  • D3 – Medical questionnaire and certificate (filled out by a licensed doctor);
  • D4 – Investment agreement (only a grant option in EDF; must be filled);
  • Purchase and sale contract (only the option of purchasing real estate);
  • Application form number 12 (two (2) completed and notarized copies);
  • Color copies of all passports;
  • Birth certificate;
  • Marriage certificate/dissolution of marriage, if applicable;
  • A certificate from the police state of birth, citizenship, residency/residence (if different) and any jurisdiction in which the applicant resided in the context of the last decade. Every 16-year-old or older needs this. In the case of 12- to 15-year-olds, affidavits are required, according to which the child has no criminal record;
  • Color copy of the driver’s license;
  • Coloured copies of all identity documents;
  • Coloured copies of all documents on military service and demobilization, if applicable;
  • Colour copies of all documents showing a name change (except marriage) if applicable;
  • Eight (8) passport-size photos;
  • Confirmation of the address of residence (lease agreement / utility bill);
  • Color copies of university/college diplomas;
  • Letter of recommendation to the head of the school/university for 12-18-year-old children;
  • Notarized affidavit of financial support for 18-30-year-old children;
  • HIV test results (for all aged 12);
  • The results of blood and urine tests;
  • One (1) professional recommendation;
  • Employment certificate / financial document;
  • Bank statements for a 12-month period;
  • Notarized affidavit about the source of funds;
  • Detailed business reports/ resumes;
  • Letter to the Minister;
  • Confirmation of payment of the relevant fees.

All color copies must be certified and legalized before filing. All documents not in English should be translated, notarized, legalized.

Please note that from May 1, 2017, applicants do not need to submit the following documents:

  • Bank recommendation
  • Personal characterization
  • Immunization schedule
  • Audited financial statements

However, agents must inform clients of the following: the bank’s recommendation and audited financial statements for the last two years are necessary for the bank to process payments.

Expert help to applicants for Dominica citizenship for investments

Dear readers and customers! The team of the portal InternationalWealth has prepared a sought-after product “Dominika Citizenship for Investments – from 100 000 USD” to obtain the status of a citizen of a fabulous island state, making a profitable investment.

Applying for Dominica’s economic citizenship through investment is a time-consuming process and requires legal analysis and paperwork. Consultants of the partner company have a lot of experience in the field of investment migration.

Naturally, all resources and connections are involved in the process of processing a package of documents. Yes, unforeseen circumstances (force majeure) are possible. But we assure you 100%: if all the documents are properly prepared and contain reliable information, and financial issues are settled, no problems will arise – you will safely issue the citizenship of Dominica for investments.

Rates for professional services of partner consultants range from USD $25,000 per person to USD $30,000 per family. The amount of remuneration is divided into two tranches of 50% each. The first payment must be made after signing the contract with the agent. The second and final payment follows the approval of the applicant by the authorities.

The professional services fee is refunded at 50 per cent if the applicant is denied the right to obtain Dominica citizenship for investment. An important condition: questionnaires and information for a comprehensive security analysis provided by the investor-applicant must be genuine.

Payment for professional services is not refunded if the information provided by the applicant in the questionnaires/documents before conducting a comprehensive security analysis is considered to be fake/false/misleading.

An immigration agent from the partner company will cooperate with a licensed Commonwealth government agent. The payment of consulting services is made directly to the account of the partner company, conducting further settlements with the registration government agent.

Government fees for processing an application/security check are paid at the expense of the Caribbean government. This significantly reduces time costs 

Timelines

StageDuration
A company with the status of a licensed agent conducts a preliminary review of the applicant using international databases and a customer’s survey on critical issues.2-3 days.
Preparation of documents for submission to a specialized state agency, which includes filling out state forms, translating and certifying accompanying documents4-5 weeks, depends on the speed of receipt of the certificate of non-conviction
Submitting documents to the relevant agency, paying state fees for processing the application and checking the reliability of the investor/family members. The government is reviewing the application and the veracity of the data and documents submitted3-5 months.
If the decision is positive, the applicant makes an investment. The government then issues a naturalization certificate, the agent receives passports for the client’s family1-2 months.

Please fill out the questionnaire below to help us help you select the best citizenship by investment opportunity.

Tags:

Please read other interesting articles at InternationalWealth.info portal:

Please help us make the portal even more informative, up-to-date, and valuable for you and your business.

Your email address will not be published.