Dominica's Citizenship by Investment Program:
A Decades-Long Legacy.
Since its establishment in 1993, Dominica's Citizenship by Investment (CBI) program has been a beacon for investors worldwide. The period from 2017 to 2020 witnessed an impressive 4,192 individuals acquiring Dominica passports, a testament to the program's enduring appeal.
Dominica's Distinct Appeal
What sets Dominica apart from its Caribbean counterparts and other global citizenship schemes? Beyond the natural allure of this Caribbean gem, Dominica stands out as one of the most cost-effective options in the region. Recent adjustments include a modest $100,000 contribution to the state fund or a real estate investment starting at just $200,000.
Opting for real estate not only secures citizenship but also opens a unique avenue. With the potential to recoup your investment in 3-5 years through property resale, the program seamlessly combines citizenship benefits with financial returns.
A Program for Families: Building a Brighter Future Together
Dominica's CBI program embraces family values, allowing applicants to include beloved spouses, children, and parents in their citizenship applications. It's an opportunity to forge a united path towards a brighter future.
Convenience at Its Core: Remote Application Process
Recognizing the importance of convenience in today's fast-paced world, obtaining Dominica citizenship is entirely attainable from the comfort of your home. The entire process is remote, ensuring a hassle-free and efficient journey.
Recent Changes in Dominica's CBI Program (Effective July 17, 2023)
1. New Mandatory Interviews
As a measure to enhance applicant verification, the Dominica CBI unit introduces mandatory interviews for all applicants aged 16 and older. This step aims to ensure the quality and authenticity of the applicants.
2. Enhanced Diligence for Iranian Nationals
A specific change targets Iranian nationals, irrespective of their residence. Enhanced due diligence fees are now applicable, with varying amounts for the main applicant, spouse, and dependents of different age groups.
Advantages of Dominica's CBI Program
1. Visa-Free Travel to 142 Countries
Dominican citizenship offers hassle-free international travel, with visa-free or visa-on-arrival access to 142 countries.
2. Full Residence Status in Dominica and CARICOM
Enjoy the rights to live, work, and invest not only in Dominica but also in any other member nation of CARICOM.
3. No Physical Residency Requirements
Dominican citizenship doesn't demand physical residency, making it a flexible and accessible option.
4. Tax Benefits
As a Dominican passport holder, enjoy zero tax on worldwide income. Residing in Dominica comes with additional benefits like no capital gains, inheritance, or wealth tax.
5. Inclusive Family Application
Extend the advantages of Dominica's CBI program to eligible family members, securing a better future for your loved ones.
6. Education and Healthcare
Access top-notch education and healthcare facilities, ensuring a high quality of life for you and your family.
7. Diversify Your Investment Portfolio
Leverage Dominica's stable economy and tax-friendly environment for wealth diversification and asset protection.
Investment Options in Dominica's CBI Program
1. Economic Diversification Fund Donation
Contribute to the Economic Diversification Fund (EDF) and support various projects enhancing Dominica's development. This fund aids initiatives in education, healthcare, tourism, information technology, and agriculture.
2. Real Estate Investment
Secure Dominican citizenship through the real estate option by investing a minimum of $200,000. Hold the property for either three or five years, depending on the buyer's citizenship acquisition route.
Eligibility and Requirements
Eligibility Criteria
To qualify for Dominica's CBI program, applicants must:
- Be 18 years of age
- Pass a clean background check
- Demonstrate good health
- Make the required financial investment
Banned Nationalities
Unfortunately, nationals from Northern Iraq, Russia, Belarus, the Kurdistan Region, North Korea, and Sudan face restrictions. However, specific conditions may apply to exceptions.
Required Documents
Prepare a comprehensive set of documents, including disclosure forms, fingerprint and photograph forms, medical questionnaires and certificates, investment agreements, passport copies, birth certificates, marriage/divorce certificates, police records, driver's licenses, military identification (if applicable), and several other supporting documents.
Certification
All non-English documents must have certified English translations, and all documents must be authenticated according to the jurisdiction's laws of origin.
Embark on a transformative journey with the Dominica Citizenship by Investment program. From unlocking global travel opportunities to securing tax benefits and building a prosperous future for your family, Dominica welcomes you to explore a world of possibilities. Contact CREIMERMAN Immigration | Investments to initiate your Dominica CBI adventure today!
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