Introduction
According to the regulations published in accordance with Section 101 of the Constitution and Sections 8 and 20 (1) of the Citizenship Act, Dominica Citizenship by Investment is a highly regarded citizenship program in the Commonwealth of Dominica that invites prudent investors to invest in Dominica and obtain full and unconditional citizenship for themselves and their family members through the Economic Citizenship program.
Citizenship in the Commonwealth of Dominica was previously limited to individuals who have lived there for five (5) years in a row.
Dominica Citizenship Programs Investment Options
Candidates can choose between two investment methods to obtain Dominican citizenship:
- Amount Contributed to the Economic Diversification Fund (EDF):
- One applicant: $100,000 USD.
- USD 150,000 for the applicant and their spouse.
- USD 200,000 for a family of up to four.
Goal: Provides funding for initiatives in the public and private sectors, such as infrastructure, healthcare, and education.
- Real Estate Investment Requirements
- The minimum investment required for real estate is USD 200,000.
Invest in real estate developments that have been approved by the government.
Property must be retained for a minimum of three years.
However, It should be noted that the minimum amount of real estate investment is $200,000.
Some of the Caribbean’s most breathtaking scenery may be found in Dominica. Invest in your own little piece of paradise on this amazing island, which is full with picture-perfect beaches, waterfalls, a rich rain forest, and a crystal-clear sea. A number of upscale resorts in Dominica are eligible for the Citizenship by Real Estate Investment Program.
Expenses for Dominica Citizenship by Investment Program
Processing Time of Dominica Citizenship Program
After the applicant’s paperwork is submitted to Dominica’s Citizenship by Investment Unit (CIU), processing takes around three to four months. Most applicants usually need two to six weeks before this to collect all of their supporting papers. Applicants will receive assistance throughout this procedure fromThe Virmani Group processing team where our team of experts assist you every step of the way to ensure a smooth and hassle free transition for you and your loved ones.
Benefits of Dominica Passport
For investors who require a second passport for travel and convenient access to numerous nations, including China, the Dominica citizenship program is perfect. Passport holders from Dominica are granted visa-free entry into 152 nations and territories across the globe. That amounts to 72.4% of global travel popularity based on foreign visitors and 58.3% of global wealth as determined by GDP. See our Dominica Passport Investment Report for additional information.
- The safety of a backup passport
- Travel to 152 countries and territories worldwide without a visa
- Diversify your holdings beyond your immediate area.
- Dominica and neighboring CARICOM countries are places to live, work, and study.
- Tax-free residency advantages
Conclusion
The Citizenship by Investment Program in Dominica is one of the most economical and effective programs in the world. You can obtain second citizenship and open up a world of potential by collaborating with an authorized agent and following the instructions.