There are quite a few countries that have implemented programmes allowing the attainment of citizenship, in return for direct contributions to the government in the interest of developing and uplifting the country. Another option is to invest in a state approved, real estate venture. Which you opt for, is entirely based on your personal goals, requirements and capabilities.
Bluemina has a list of such countries on offer, who have various citizenship and permanent residency opportunities. Here, we’ll be looking at what it means to be a citizen of and live in Dominica, both for you and your family. As per their Citizenship Act, anyone who qualifies under the criteria stipulated by the government’s policy guidelines, will be eligible to apply and receive citizenship here.
WHAT YOU NEED TO DO
As the applicant, there are two ways you can look at securing citizenship via citizenship through investment in Dominica. One, as stated above, is through making a contribution to the country’s state, or investing in a government authorised real estate project. If a direct economic contribution is made, the total amount due would vary based on your family structure. In other words, if you are a single applicant, then you would need to invest a lesser amount than if you are applying as a family with 2 kids below 18 years of age. All contributions are non-refundable. Refer the list below for more information:
– Sole applicant: USD 100,000
– Applicant + Spouse: USD 175,000
– Applicant + 2 children below 18 years: USD 175,000
– Applicant + spouse + 2 children below 18 years: USD 200,000
– Applicant + spouse + more than 2 children below 18 years: USD 200,000 and USD 50,000 for every additional child below 18 years
If you’re considering a real estate investment, then you need to make a minimum investment of USD 200,000 for main applicant.
Dominica poses no restriction on applicants with regards to dual citizenship which they can easily secure via citizenship through investment which means they’re able to enjoy the benefits of two countries. Hence, if one needs to transition between countries for either personal or political reasons, they may do so. Additionally, they will also be protected under the jurisdiction of two governments, which is incredibly valuable.
One of the biggest advantages of acquiring citizenship in Dominica, is that taxation is quite minimal. There are no taxes applicable on wealth, gift, inheritance, foreign income or capital gains, which means that citizens are able to use that money for more pressing causes if need be. If you’re looking for a country that offers much needed respite from high taxation, this is it!