Dominica Citizenship by Investment
Dominica Citizenship by Investment Program enables foreign investors to obtain 2nd Citizenship provided that they meet certain criteria set out by Dominican government since January 2015.
Investment Options
Dominica CIP requires investors to make an economic contribution to the Dominica. Within this context, applicants have following investment options:
1. A non refundable investment of at least $100,000 USD into the Economic Diversification Fund
2. Investment of at least $200,000 USD into the real estate projects, on the condition to hold the property within the next three years from the date of the citizenship is approved.
Apart from the abovementioned investment requirements, the main applicant must be over 21 years of age and his/her family members shall have a clean personal background, shall be in good health and of character. The citizenship is granted on swearing of the “Oath of Allegiance” following the approval by Government.
How long does the process take?
Obtaining Dominica Citizenship by Investment takes approximately 4 to 6 months.
What are the advantages of this Program?
Holders of an Dominican passport may benefit from following advantages;
- Visa free travel to over 140 countries such as Singapore, Hong Kong, the European Union and the United Kingdom.
- Full citizenship with passport for the applicant and his/her family members
- Dual citizenship
Dominica currently offers one of the most attractive citizenship programs in the world, the process is smooth and the costs are lesser.
Soner Alemdar is a leading international law firm advising on global citizenship. Please contact us for further details and queries on Dominica citizenship program.
FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO DOMINICA CITIZENSHIP BY INVESTMENT PROGRAMME
Why choose Dominica?
Dominica is Caribbean’s most beautiful island country and it also allows dual & multiple citizenships. There is no necessity of military service requirement and learning the language for application procedure. In addition to this, there is no minimum residency requirement. The country also offers high quality medical assistance.
Do I have to travel to Dominica to start the Citizenship procedures?
A trip to Dominica is not required during the whole application procedure.
Is Dominica a tax heaven?
Yes, Dominica is a country which collects petty amount of tax from investors who plan to obtain Dominican citizenship. Dominican state authorities does not ask for any wealth, inheritance, gift, capital gains or foreign income tax from its citizens, therefore creating a reliable tax haven within wonderful Caribbean environment.
Do you offer Approved Properties for Dominican Citizenship?
Yes. We work together with leading developers in Caribbean region offering high end, luxurious and goverment approved projects for Dominica CIP.
Is Dominican citizenship acquired/valid for life?
Yes, Dominican citizenship is valid for life and it can be passed on to future generations by descent. However, the passports taken after the acquisition of citizenship is valid only for 10 years which is a common thing all around the world.
Do the applicants have to reside in Dominica for a certain period of time at any stage of the application?
There is no residence requirement exist before or after acquiring the Dominican citizenship.
Can we change our names after obtaining citizenships?
Yes, however changing the name is only possible after the application is approved and the Certificate of Naturalization is issued. After the necessary transactions are completed in order to legalize the citizenship.
How many family members can apply for citizenship along with the Main Applicant?
All family members (spouse and children under 18 years old) as well as the main applicant can acquire Dominican citizenship investment application. Dominican citizenship can be extended to main applicant’s spouse, dependent children, dependent parents and grandparents, spouses of dependent parents and grandparents, and dependent siblings.
Is there any language requirement to apply for Dominican Citizenship?
No, there is no language requirement as well as interview and business experience, educational requirements.
Once Dominican citizenship is acquired, in the case that the applicant will not stay in Dominica, what will be main applicant’s tax liabilities in Dominica?
Dominica basically is a tax-free country as long as the citizens do not reside in the country regarding their investment initiative. If the citizens decides to stay more than six months, worldwide incomes will be subject to taxation. Moreover, Dominica has treaties with the CARICOM and USA. Hence, there are no economical restrictions and furthermore there are some corporate tax incentives.
Is there an official legislation for Dominican Citizenship by Investment Program?
Dominican Citizenship by Investment programme is stipulated in 8th and 20th sections of Dominican Citizenship Regulations, dated 2014. Dominican Constitution also includes regulations with regards to Citizenship by Investment Programme in its 101st section, thus creating a protection of highest order with its constitution for your investments.
Please contact with us now to have further information on Dominica Citizenship by Investment program and to get a fee quotation for your application.