Dominica: Citizenship by Investment program
The Caribbean is one of the most beautiful areas of the world, with the region having multiple different options to choose from when looking to enjoy a vacation, the holidays, or in the case of this article, relocate.
If you’re currently considering relocation, we encourage you to read the rest of this article where we will detail the process of relocating to Dominica via investment.
Before introducing you to all the information related to Dominica, if you are considering options for citizenship by investment, contact us!. Our specialized team can help you with all your concerns. Click here.
Technically a Commonwealth nation, Dominica was classified as an independent nation in 1978. To many, Dominica is the most beautiful island in the Caribbean, with pristine beaches, waters, and a safe and laid-back lifestyle. This vast array of beauty led the Dominican government to establish its citizenship by investment program in 1993, with the English-speaking nation quickly becoming one of the most popular to relocate to and its passport being prized for a variety of benefits.
In this article, we’ll highlight the requirements and benefits of the Dominican program so you can see for yourself why this program might be the perfect one for you.
First, it’s important to know if you qualify for the program in the first place, otherwise this would be quite a waste of time, wouldn’t it? Below you’ll find two options, although you only need to fulfill one of them.
1. A non-refundable payment to Dominica’s Economic Development Fund of $100,000
2. An approved real estate investment of at least $200,000 USD on Dominica
That’s right. You only need to fulfill one of the two options above, which is one of the reasons why the residency by investment program for Dominica is so popular for foreigners. It’s much less complicated than some surrounding nations’ programs.
Next Steps and Time Frame
Once again, obtaining residency by investment in Dominica is a relatively easy process, with only one step being a part of the process. *All the applicant must do is declare a statement of allegiance under oath by both the owner and their family in front of an authorized government official.
After the oath, the applications are processed by Dominica’s Ministry of Finance, who manages the program. Expect approximately three months of waiting time for the application process.
Now that we’ve discussed Dominica and the application process, what are the benefits to the citizenship by investment program?
- Adding dependents
- Once the primary applicant for the program is accepted, other family members can be given citizenship to the island. Spouses, children under the age of 31, parents and grandparents, and others can be granted citizenship as well.
- Citizenship by descent
- Future generations of the family can be granted citizenship after the death of the
- A free life
- Once you’ve been accepted as a citizen of Dominica, there’s no minimum stay, no dual citizenship restrictions, and an openly-accepted passport to travel wherever you may please.
So, if you are interested in finding out more about Dominica, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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