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Dominica

Citizenship by Investment Program

Dominica

Citizenship by Investment Program

Nestled in the Windward Islands, Dominica, once a British colony,spans 750 square kilometres of unspoiled beauty. Since 1993, its citizenship-by-investment Program has welcomed high-net-Worth individuals and families. This program grants citizenship in exchange for a government contribution. Dominica boasts pristine beaches, tropical rainforests,and top-notch diving and hiking opportunities. Preserving its unparalleled beauty is central ,evident in landmarks like Morne Trois Pitons National Park andongoing sustainable development, including a geothermal plant

Requirements

The Dominica Citizenship-by-Investment Program mandates a significant financial investment in to the country in exchange for citizenship for the applicant and their family. To qualify, the mainapplicant must

  • Being over 18 years of age
  • Satisfy due diligence requirements
  • Opt for one of the following two investment options:
    five years of obtaining citizenship.
  1. A non-refundable donation to the Economic Diversification
    Fund (EDF), starting at USD 100,000.
  2. The purchase of qualifying real estate with a minimum value of USD 200,000 in a government – approved project

Investment Options

Donation

The EDF stands as a pivotal component of Dominica’s nationalmobilization portfolio, dedicated to the country’s development.Funds generated are employed in various public and private sector projects, such as the construction of schools and renovations of hospitals. The primary applicant can include their spouse,dependent children under 31 years of age, and parents orgrandparents who rely on financial support from the primaryapplicant or their spouse

Realestate

Alternatively, applicants can invest in real estate with a minimum value of USD 200,000 in a government-approved real estate project. The same government processing fees and duediligence charges apply to both scenarios

Other Requirements

In addition to fulfilling one of the two investment options mentioned above, the main applicant and their dependents must maintain clean personal backgrounds devoid of criminal records. The Citizenship-by-Investment Unit (CIU) functions as the governmental authority overseeing application processing and conducting rigorous due diligence assessments. An applicant may face citizenship denial if they have been denied a visa to a country with visa-free travel arrangements with Dominica, are considered a potential national security or reputational risk, or are the subject of a criminal investigation.

Process Overview

The government will approve citizenship within three to four months of an application submission, assuming the application has no areas of concern.

Taxation

Resident individuals, defined as those residing in Dominica for at least 183 days per year, are exempt from taxes on their global income.

The individual income tax rates follow a progressive structure: 15% on the first XCD 20,000, 25% on the next XCD 30,000, and 35% on any excess.Dominica does not levy capital gains, net worth, or inheritance taxes.

A 2.5% stamp duty is imposed on real estate transfers,paid by the seller, while the buyer is responsible for a 4% stamp duty.

MILESTONES

Month 1

Commence the initial due diligence.

Execute the client agreement, complete government forms, and furnish supporting documentation.

Months 2 – 3

Submit the application.

Undergo government processing and complete the due diligence procedure.

Month 4

Following approval, fulfill the government contribution or complete real estate acquisition.

Interested & want to know more details?


Dominica citizenship by investment plan expenditure table
Dominica citizenship by investment plan expenditure table

Summary of Key Advantages

  • Visa-free access to 144 countries, including the EU, Singapore, and Hong Kong.
  • Full citizenship with passports extended to the main applicant, spouse, children, and parents.

  • Siblings of the main applicant or spouse aged 18 to 25, unmarried, and childless, can be considered as dependents. Unmarried siblings may also be included

  • Applicants receive additional identification documents, including a National ID, Tax ID, and Driver’s License, each incorporating biometric features.

  • Dominica offers the most competitively priced program in the Caribbean for single applicants.

  • No obligatory physical presence.
  • Parents or grandparents can qualify as dependents regardless of their age, as long as they receive substantial financial support from the main applicant or spouse

  • Citizenship by marriage and descent is a feasible avenue.

Dual Citizenship

Dominica has no restrictions on dual citizenship.

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