Dominica Citizenship by Investment program
Dominica: A Biodiversity Haven and Caribbean Gem of Unspoiled Natural Beauty
Dominica, known as the “Nature Island of the Caribbean,” is a tropical paradise renowned for its unspoiled natural beauty, lush rainforests, and diverse wildlife. Located in the Lesser Antilles, the island features volcanic mountains, numerous waterfalls, and the world’s second-largest boiling lake.
Dominica is a biodiversity hotspot, home to unique species like the Sisserou parrot. Its culture blends indigenous, African, French, and British influences, celebrated through vibrant festivals.
The economy is driven by agriculture, eco-tourism, and offshore financial services, with the Citizenship by Investment Program boosting foreign investment. With a focus on sustainable tourism, Dominica offers a haven for nature lovers and adventurers.
Where Borders Fade, Opportunities Rise
Dominica Citizenship by Investment Program: Driving Economic Growth and Global Mobility through Strategic Investments
Dominica Citizenship by Investment Program
The Dominica Citizenship by Investment Program, established in 1993 under the Citizenship Act, aims to attract foreign investment and stimulate economic growth. It offers investment options such as contributions to the Economic Diversification Fund (EDF) and investments in approved real estate projects.
The program has gained international recognition, providing visa-free or visa-on-arrival access to many countries, making it attractive for global mobility. Revisions have enhanced its efficiency and integrity, including adjustments to investment thresholds and due diligence improvements. Economically, the program has funded significant infrastructure and development projects.
International partnerships ensure rigorous due diligence, maintaining the program’s credibility. Continuous evaluation ensures alignment with international standards and national interests.
Benefits of Obtaining Dominica Citizenship
Affordability
One of the most cost-effective citizenship programs
Speed and Efficiency
Citizenship approval within a few months
Dual Citizenship
Allow investors to retain their original citizenship
Visa-Free Travel
Access to over 140 countries, including the Schengen Area, the United Kingdom, Singapore, China and more.
Tax Benefits
No taxes on worldwide income, wealth, gift, inheritance, or capital gains.
Family Inclusion:
Spouse, children, and dependent parents.
Stable Environment:
Political stability, safety,
and security.
Investment Options
Dominica: A Biodiversity Haven and Caribbean Gem of Unspoiled Natural Beauty
Real Estate
Investment
A minimum amount of $US200,000
in approved real estate projects.
Economic Diversification Fund
(EDF) Contribution:
Non-Refundable contribution
starts from US$100,000.
Requirements & Eligibility
1- Minimum Investment: Make a qualifying investment in one of the approved options.
2- Background Check: Undergo thorough checks for criminal records, financial history, and reputation.
3 – Health Check: Complete a medical examination to ensure no health risk to the country.
4 – Application Process: Submit a formal application with all required documentation, proof of investment, and fees.
5- Financial Capability: Demonstrate financial means to make the investment and cover fees.
6- Dependent Inclusion: Include qualifying family members (spouses, children, and sometimes parents) in the application, with additional fees for each dependent.
Specific requirements may vary based on individual circumstances and chosen investment options. Overseas’ Advisors can provide up-to-date guidance throughout the process.
Process Timeline
The timeline for processing a citizenship application through Dominica’s Citizenship by Investment Program (CIP) can vary depending on several factors, including the efficiency of the application process, the completeness of the applicant’s documentation, and the workload of government authorities responsible for processing applications. However, here’s a general outline of the typical process timeline:
01
Preparation and Documentation Gathering
(1-2 weeks)
02
Preparation and Documentation Gathering
(1-2 weeks)
03
Due Diligence and Background Checks
(1-2 months)
04
Mandatory Interview
(1 week)
05
Approval and Investment
(1 month)
06
Citizenship Certificate and Passport
(1-2 weeks)Overall, the entire process typically takes around 4 to 6 months, although it can vary based on individual circumstances and the efficiency of the application process. Overseas’ Legal Team works closely with the citizenship unit to ensure that all requirements are met and to expedite the process.
List of Banned Nationalities
The following nationalities are banned outright from the Dominica Citizenship by Investment Program
WITH NO EXCEPTIONS
- Belarus
- Russia
- Yemen
- Northern Iraq; This includes specific nationals from the Kurdistan region of Iraq, namely nationals from the cities of Erbil, Amedi, Dahuk, Kirkuk, Lalish, Raniya, Soran, Sulaymaniyah and Zakho.
The following nationalities are ineligible UNLESS the applicant has not lived in these countries for at least ten years; has no substantial assets there and has not performed any business or similar activity, in whole or in part, in or with the countries. Eligible applicants may be subject to enhanced due diligence, which comes at a significantly higher cost to the applicant.
- North Korea
- Sudan
IRANIAN NATIONALS, while fully eligible, are subject to enhanced due diligence.
