Dominica is a mountainous island located in the Eastern Caribbean. Its rain forests, its mesmerizing natural sceneries, and its lush national parks make it an exotic ecotourism destination like no other.
For investors, Dominica is more than just a touristy country. According to the Citizenship by Investment Index, Dominica has the world’s best citizenship by investment program, combining extensive due diligence with speed, affordability, and reliability.
Requirements of Dominica Citizenship by Investment Program
When considering getting the Dominican Citizenship, an investor has two investment options.
- A contribution to the Government Economic Diversification Fund. The contribution amount starts at $100,000 and depends on the size of the family applying. This is a one-time, non-refundable investment.
- A real estate investment of at least $200,000 in a government approved project. The property should be maintained for at least 3 years.
Benefits of Dominica Citizenship by Investment Program
Dominica permits dual citizenship which means that an investor doesn’t have to denounce their current nationality in order to get the Dominican one. Investing in a Dominican passport will grant the investor countless benefits including:
- Visa-Free travel to 139 countries including the United Kingdome and Schengen countries.
- Affordability in comparison to other Citizenship by investment programs.
- No taxes on capital gains or inheritance.
- Access to British education and healthcare since Dominica is a member country in the Commonwealth of Nations.
- Lifetime citizenship which can be passed on to future generations by descent.
To get Dominica Citizenship and enjoy its benefits, an investor doesn’t need to reside in or visit Dominica.
Procedure of applying for Dominica Citizenship by Investment Program
Before an investor submits their citizenship by investment file, they must first contact a specialized firm, such as Bluemina, in order to perform a preliminary background check and collect all the required documents.
Afterwards, Dominica’s Citizenship-by-Investment Unit (CIU) issues the “Approval in Principal” letter. This is the time when the applicant makes the investment in the chosen investment path.
The Dominica second passport is usually obtained within 4-6 months.
If Dominica Citizenship by Investment program sounds like the right fit for your citizenships needs, contact any of Bluemina’s offices today to get started with your application. Also, feel free to explore your options by letting one of our expert consultants guide you through our 15 different Citizenship by Investment or Residency by Investment programs.
