Dominica Citizenship by Investment Program (CIP)
Overview: The Dominica Citizenship by Investment Program is one of the most affordable and efficient ways to acquire second citizenship. Established in 1993, the program aims to enhance Dominica's economic development through foreign investment. It offers investors increased global mobility, favorable tax benefits, and the opportunity to reside in a peaceful Caribbean nation known for its natural beauty and stability.
Investment Options
- Economic Diversification Fund (EDF) Contribution:
- Minimum Investment: $100,000 for a single applicant.
- Additional Costs:
- $150,000 for a main applicant and spouse.
- $175,000 for a family of four (main applicant, spouse, and two dependents).
- Details: This is a non-refundable donation to the EDF, which finances public and private sector projects in Dominica, including education, healthcare, and infrastructure.
- Real Estate Investment:
- Minimum Investment: $200,000 in a government-approved real estate project.
- Details: The investment must be maintained for at least three years. Real estate options include luxury resorts, boutique hotels, and villas.
- Additional Costs: Due diligence and processing fees apply.
Processing Time:
- Typically 3 to 6 months from submission of the complete application.
Benefits:
- Visa-Free Travel: Enjoy visa-free or visa-on-arrival access to over 140 countries, including the Schengen Area, UK, Hong Kong, and Singapore.
- No Residency Requirement: No need to reside in Dominica before or after citizenship is granted.
- Attractive Tax Regime: No wealth, gift, inheritance, foreign income, or capital gains tax.
- Dual Citizenship: Dominica allows dual citizenship, enabling you to maintain your original citizenship.
- Family-Friendly: Citizenship can be extended to your spouse, dependent children, and dependent parents.
Application Process:
For a Single Applicant:
- Choose an Investment Option: Decide between the EDF contribution or real estate investment.
- Engage an Authorized Agent: The Dominica Citizenship by Investment Unit (CBIU) requires applicants to use authorized agents to handle the application process.
- Prepare Documentation:
- Valid passport
- Birth certificate
- Police clearance certificate
- Medical certificate
- Proof of funds and source of investment
- Submit Application: The authorized agent submits the application to the CBIU along with the required fees.
- Due Diligence: The CBIU conducts thorough background checks on all applicants.
- Approval in Principle: If the application passes due diligence, an approval in principle is issued.
- Make the Investment: Complete the chosen investment (donation or real estate purchase).
- Receive Citizenship: Once the investment is verified, the CBIU issues a Certificate of Naturalization, which can be used to apply for a passport.
For a Family:
- Choose an Investment Option: Decide between the EDF contribution or real estate investment.
- Engage an Authorized Agent: Required by the CBIU to handle the application process.
- Prepare Documentation for Each Family Member:
- Valid passports
- Birth certificates
- Police clearance certificates
- Medical certificates
- Proof of funds and source of investment
- Submit Application: The authorized agent submits the application to the CBIU along with the required fees.
- Due Diligence: The CBIU conducts thorough background checks on all applicants.
- Approval in Principle: If the application passes due diligence, an approval in principle is issued.
- Make the Investment: Complete the chosen investment.
- Receive Citizenship: Once the investment is verified, the CBIU issues Certificates of Naturalization for all family members, which can be used to apply for passports.
Professional Assistance:
GH Legal s.r.o Contact Information:
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Excluded Nationalities:
Applicants from these countries may still apply if they have not resided in these nations for the past ten years and do not have significant economic ties to them.
