Unitary parliamentary republic
Eastern Caribbean Dollar (XCD)
Officially known as Commonwealth of Dominica, Dominica is a Caribbean Island that has been gaining increased interest over the years. This is partly because of its parks and emerald green mountains, as well as its highly-reputable Dual Citizenship Program.
Dominica Citizenship by Investment Program was established in 1993 making it one of the longest-running and successful citizenship programs. Over the years, Dominica has been committed to consistently and substantially improve its economic citizenship program to ensure a swift process, notable standards of due diligence, and high return on investment.
Investors and wealthy families can legally receive Dominica Alternative Citizenship and second passport within four to six months without renouncing their current nationality. Benefits of obtaining Dominica Passport include visa-free travel to more than one-hundred and forty-five countries, such as the UK, China, all of Europe and Schengen Area, as well as access to some of the best international education and health institutes around the world. This is a lifetime citizenship that will be passed on to future generations by descent. There are no language or physical residence requirements. However, the applicant has the right to reside in Dominica at any time and for any duration.
As for entrepreneurs and high-net-worth individuals looking for smarter financial and tax planning options, Dominica offers an attractive excise environment with no taxes on worldwide income, capital gains, or inheritance. Moreover, investors can open offshore companies and bank accounts which will in return give them access to international markets.
Dominica Citizenship Program offers two investment schemes; investors, individuals and families can either make a onetime, non-refundable contribution to the Economic Diversification Fund, or invest in a government-approved real estate development. The investor can include family members in the same citizenship application, namely a spouse, children and parents.
The applicant makes a non-refundable monetary contribution to the Economic Diversification Fund of Dominica. The contribution will depend on the size of family as follows:
(EDF) Contribution Amount
Due Diligence, Applicant and Registration Fees
USD 100,000 for main applicant
USD 7,500 for main applicant
USD 150,000 for main applicant and spouse
USD 4,000 for spouse
USD 175,000 for a family of up to 4 members
USD 25,000 is applicable to each additional dependent below the age of 18
USD 50,000 is applicable to each additional Dependent above the age of 18
USD 4,000 for spouse and each dependent over 16 Years
The applicant purchases a government-approved real estate in Dominica with a value of at least USD 200,000 and maintains it for three years following granting of citizenship.
Real Estate or Business Investment Amount
USD 35,000 for a main applicant applying with spouse or a family up to 4 members
USD 50,000 for a family of up to 6 members including the main applicant
USD 25,000 for any additional qualified dependent
Based on Chapter VII, Section 101 of the Constitution and Citizenship Act sections 8 and 20, the citizenship program stipulates that persons who have been a continuous resident in Dominica for five (5) years can apply for naturalization and may be eligible for citizenship. After an amendment to the Commonwealth of Dominica Citizenship Act in 1993, Economic Citizenship by Investment was introduced, and the residency requirement was removed to allow investors to make an investment in Dominica in the form of a government-approved real estate investment or donation to the government. Once approved, citizenship is for a lifetime and cannot be revoked.
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