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Dominica Citizenship By Investment 2020 | Ultimate Guide2020-05-10T15:59:45+00:00

Dominica Citizenship By Investment 2020

Dominica Citizenship Program – The Definitive Guide

Looking to obtain the most affordable investment passport in the world? With government donations priced from only $100,000 and offering visa-free travel to over 135 countries, the Dominica passport program offers excellent value and enhanced international mobility. Find out more about the program’s benefits, or contact us now for a confidential consultation.

Examples of Government Approved Real Estate Projects in Dominica2020-05-10T16:00:27+00:00

Looking to obtain citizenship by investment in Dominica? Check out some of the latest government approved property projects in Dominica below:

  1. Bois Cotlette Estate: $250,000+

  2. Cabrits Resort Kempinski: USD 220,00+

  3. Jungle Bay Villas: $200,000+

  4. Secret Bay Residences $200,000+

  5. Silver Beach Development $200,000+

  6. Tranquility Beach $200,000+

Can I apply for a Dominica economic passport directly?2020-05-10T15:58:09+00:00

No, the Dominica CBIU does not accept direct applications. The first stop to obtaining your Dominica passport by investment is to contact Golden Visas. Working with an Authorised Agent of the Dominica economic citizenship program is essential to ensure your application is successful, as only authorised agents are allowed to represent applicants wishing to submit a second citizenship application in Dominica.

About the Dominica Passport Program

Launched in 1993, the Dominica Citizenship By Investment program offers a fast, affordable path to economic citizenship in the country. The program was created with a view to stimulate job creation and aid economic recovery in the country. In addition to being used to fund CBI hotel developments, the proceeds of the program have also been put to use for a number of medium-cost housing initiatives, after storms like Erika (2015) and Hurricane Maria (2017) displaced large number of Dominica citizens.

Carefully vetted foreign individuals have the option to either make a donation to the Dominica Economic Diversification Fund, or to invest a minimum of $200,000 in government approved real estate for a minimum period of 3 years.

Some of these projects include the Anichi Resort and Spa, Bois Cotlette, the Jungle Bay Eco Villas development, Range Developments’ Cabrits Resort Kempinski, the Sanctuary Rainforest Eco Resort and Spa, Tranquility Beach by the Sunstone group and The Residences at Secret Bay. Many of these developments offer fractional ownership schemes catering the specific needs of CBI investors focused on achieving an optimum return on investment.

The property purchase process

A 10% deposit is typically sufficient to reserve an investment unit. Once the CBIU grants you approval-in-principle, you’ll have 7 days to complete the purchase transaction and obtain an Ownership Certificate.

The latter document is used to demonstrate that you have fulfilled the requisite investment criteria to obtain second nationality by investment. Most of Dominica’s fractional ownership projects offers a fast and simple solution to meet the program’s investment requirements, with maintenance and upkeep being managed by the developer and their supply chain. Between the property’s returns and capital appreciation, it can typically be expected that both the initial capital investment and associated fees can be recovered after a period of approximately 5 years.

Once your proof of investment has been verified and your application is approved, you will be issued with a certificate of naturalization and your new passport, delivered by international courier, in under 2 weeks.

Dominica citizenship is fully entrenched in law, issued for life, and transferrable to future generations. The country’s legal system is based on British law, giving you extra peace of mind about your citizenship investment.

The Dominica CIP, now in its 27th year of existence, is one of the oldest economic citizenship programs in the world. During this time, significant program enhancements have been made, most notably in terms of the efficiency of the application process and the thoroughness of due diligence procedures.

It is administered by the Citizenship By Investment Unit (CBIU), a department of the Dominica Finance Ministry, and operates on the legal basis as outlined in Section 101 of the Constitution of Dominica, and Sections 8 and 20(1) of the Dominica Citizenship Act.

You can view the relevant legislation here:

Commonwealth of Dominica Citizenship by Investment Regulations, 2014 (S.R.&O. 37 of 2014)

Commonwealth of Dominica Citizenship by Investment (Amendment) Regulations, 2016 (S.R.&O. 38 of 2016)

Program Investment Options 2020

The Dominica CIP offers two primary options for acquiring citizenship, namely a minimum  government donation of $100,000 to the Economic Diversification Fund, or a government approved property investment of no less than $200,000, to be held for a minimum of 3 years.

1. Minimum donations to obtain a Dominica Passport By Investment in 2020

As of May 2020, the minimum government fund donations required for Dominica Economic Citizenship are a follows:

  1. Individual applicant: $100,000 excluding fees

  2. Married couple: $175,000 excluding fees

  3. Family of 4 (including 2 dependent children under 18 years): $200,000 excluding fees

  4. Additional dependents: $25,000 per additional applicant.

Once your application has been approved in principle by the Dominica CBIU, you have 30 days to complete payment for the relevant non-refundable contributions to the Dominica Economic Diversification Fund.

2. Minimum property investment required to obtain a Dominica Passport By Investment in 2020

As of May 2020, applicants must invest a minimum of $200,000 in government approved real estate for a period of at least 3 years. Examples of government approved real estate projects in Dominica can be found here. In addition, the following government application fees are applicable under the citizenship by real estate investment route:

  1. Main applicant: $25,0000

  2. Spouse: $10,000

  3. Family of 4: $35,000

  4. Family of up to 6: $50,000

  5. Family of 7 or more: $70,000.

Program eligibility and application criteria

 In order to apply for citizenship by investment in Dominica, applicants must meet the following criteria: 

  1. Age: In order to be eligible to apply for Dominica citizenship, primary applicants have to be 18 years or older at the time of starting their application.

  1. Character test: Dominica will only accept individuals of impeccable character and international standing into their economic passport program. In order to ensure this, comprehensive due diligence is conducted with a view to protect the program’s international reputation as a preferred CBI scheme in the Caribbean.

  1. Excellent health: In order to become a Dominica citizen, you’ll have to undertake a medical test and prove that you are in good health, and not suffering from any contagious diseases.

  1. Clean criminal record: A clean criminal record in your country of residence is a non-negotiable.

  1. Source of funds: Applicants must be able to provide proof that their source of funding to be used for the investment or donation was legally derived.

  2. Investment requirement: The key requirement to apply for second citizenship in Dominica is to make a minimum donation of $100,000 excluding service and government application fees, or to invest $200,000 or more in government approved property for a minimum of 3 years.

 

Why Choose St Lucia For Economic Citizenship

COMPETITIVE PRICING: Dominica offers one of the cheapest citizenship programs in the world. Similarly to St Lucia, the minimum government donation for a single applicant is only $100,000. The required donation for married couples is $175,000, and $200,000 for a family of 4.

VISA-FREE TRAVEL: Offering visa-free access, or a visa upon arrival, to over 135 countries around the world, the Dominica passport is versatile all-rounder.

FAST APPLICATION PROCESS: Offering fast-track citizenship in only 3 to 4 months, Dominica appeals to those seeking to get a Plan B in place for their families – and fast. Investors from countries such as Nigeria and Indian, whose passports are severely restricted in terms of international travel, the program also appeals as global mobility solution to facilitate easier access to international business opportunities.

FAMILY ELIGIBILITY: Dominica offers a high level of flexibility in terms of family member eligibility. The program offers exceptionally competitive pricing for bigger families, and citizenship can be passed on to future generations. Adult dependent children under the age of 30 years, and parents and grandparents over the age of 55 years are eligible to apply as well.

EXCELLENT SECOND HOME DESTINATION: Dominica is situated in paradise: The Caribbean country is fast becoming sought after as an international travel destination, which bodes well for its real estate investment program in terms of future capital appreciation.

MOST NATIONALITIES WELCOME: Dominica welcomes applications from investors around the world, with Indians, Russians, Nigerians, Egyptians, South Africans and Chinese nationals frequently applying to the program. Having said that, citizens of countries such as Afghanistan, Chechnya, Iraq, North Korea, Pakistan, Sao Tome Principe, Saudi Arabia, Somalia, Sudan, Turkmenistan, Uzbekistan and Yemen are typically considered on a case by case basis.

MINIMAL REQUIREMENTS: Given that the Dominica CIP has no minimum stay or language proficiency requirements, the program is typically popular among investors looking for a Plan B solution. In fact, you don’t even need to visit Dominica once to gain economic citizenship in the country, making it the perfect second passport program to apply for during the Covid-19 lockdowns presently in place around the world.

The Application Process At A Glance

STEP 1: Sign a client mandate with the citizenship firm representing you and settle your legal and due diligence fees. 

STEP 2: Preparation of the supporting documentation, working with your dedicated case advisor.

STEP 3: Submit your application for governmental due diligence and await approval-in-principle.

STEP 4: Upon receiving in-principle approval, your investment or government fund donation becomes payable.

STEP 5: Once your investment or contribution has been confirmed by the Dominica CBIU, you will receive your certificate of naturalisation, and your Dominican passport within 2 weeks.

Dominica Passport Visa-Free Countries 2020

Being a member of the British Commonwealth of countries, Dominica passport holders enjoy visa-free access to the UK. In addition, as of May 2020, the passport offers visa-free travel, or a visa upon arrival for more than 135 countries in the world, including the EU, Switzerland, Singapore, Russia, Hong Kong and Brazil.

Additional visa-free destinations include Andorra, Antigua and Barbuda, Austria, Bosnia and Herzegovina, Botswana, Colombia, Costa Rica, Cuba, the Czech Republic, the Dominican Republic, Ecuador, Estonia, Gabon, Gambia, Grenada, Israel, Jordan, Latvia, Lichtenstein, Madagascar, Malta, Mauritius, Moldovia, Nepal, Malaysia, Montenegro, Norway, Panama, Peru, Qatar, Saint Kitts and Nevis, Slovenia, South Korea, Singapore, Sri Lanka, Tanzania, Trinidad and Tobago, Uganda, the Ukraine, Uruguay, Vanuatu, Vatican City and Zambia.

The UK’s Crown dependency territories are also included in the list visa-free destinations for the Dominica passport.