Published on: October 15, 2024
Dominica offers a unique Citizenship by Investment (CBI) program, allowing individuals and families to obtain citizenship through qualifying investments. This guide outlines the entire process, from eligibility requirements to application submission, ensuring you have all the information needed to make an informed decision about your future.
Understanding the Dominica Citizenship by Investment Program
The Dominica CBI program was established to attract foreign investment to the country while providing individuals with the opportunity to gain a second citizenship. Essentially, this citizenship grants you visa-free access to over 140 countries, including the Schengen Area, the UK, and many others, enhancing your global mobility.
Benefits of Dominica Citizenship
Visa-Free Travel: Unlock hassle-free global mobility with access to 140+ countries, including top destinations in Europe, Asia, and the Americas. No visa paperwork, no waiting—seamless travel awaits you with Dominica citizenship.
Dual Citizenship: Keep your roots while expanding your horizons. With Dominica’s dual citizenship, you can enjoy the best of both worlds—maintain your original nationality while benefiting from the perks of Caribbean citizenship.
Quality of Life: Live the life you’ve always imagined—luxurious island living surrounded by turquoise waters, pristine beaches, and a warm, welcoming community. obtain Dominica citizenship and experience a high standard of living paired with a stable political environment for total peace of mind.
Tax Advantages: Become a Dominican citizen and maximize your wealth with zero estate, wealth, or inheritance taxes. Dominica offers a financial safe haven, where your money works harder, and your legacy is secure.
Eligibility Criteria for Dominica Citizenship by Investment
To qualify for this exclusive programme you must meet these eligibility requirements:
- Age: Firstly, you must be at least 18 years old to apply. This ensures you’re legally ready to make an investment and take the next step toward securing a second citizenship.
- Health: Secondly, applicants are required to have a clean bill of health, meaning no serious communicable diseases. This helps ensure the well-being of both the applicant and the nation’s residents.
- Criminal Record: Additionally, a clean criminal record is mandatory. Applicants will undergo a thorough background check to ensure they meet the program’s high standards of integrity.
- Dependents: Moreover, you can include your spouse, dependent children (under 30), and dependent parents or grandparents (over 55) in the application. This offers the opportunity for your entire family to benefit from dual citizenship.
- Residency Requirement: Furthermore, while there’s no need to physically reside in Dominica to maintain citizenship, you must visit the country for at least five days within the first five years of gaining citizenship.
- Source of Funds: Lastly, you must prove that the funds used for the investment were obtained legally. This includes providing financial documentation verifying the legal source of income used for the qualifying investment.
Investment Options for Dominica CBI
Dominica offers several investment pathways for obtaining citizenship:
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Real Estate Investment
Minimum Investment: $200,000 in approved real estate projects.
Conditions: The property must be held for a minimum of three years.
-
Economic Diversification Fund (EDF)
Minimum Contribution: $100,000 for a single applicant.
Conditions: This non-refundable contribution supports national development projects.
Application Process for Dominica Citizenship by Investment
Step 1: Consult with Endevio's Citizenship by Investment Experts
To apply for Dominica citizenship by investment, begin by consulting with Endevio’s experts, who will evaluate your personal circumstances and recommend the most suitable investment options. Our team ensures that your choices align with your financial goals and meet all program criteria, setting you up for a successful application.
Your entire family can be included in a single application:
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Main Applicant
- Must be at least 18 years old
- Must have a clean criminal record
- Children, including dependent children up to 28 years old
- Spouse
- Dependent parents and grandparents over 58 years old
Applicants must fulfill a minimum 5-day residency requirement in Dominica over 5 years.
Step 2: Prepare Your Documents
We will provide you with a comprehensive checklist to ensure all required documents are gathered. Our team of experts will assist you in compiling the documents, ensuring they meet compliance standards. Documents typically include:
- Copy of Passport
- Birth and marriage certificates (if applicable)
- Health and Medical Certificate
- Police clearance (required for all above 18 years must not be older than 3 months)
- Proof of investment funds
- Employment references (if required)
All documents must have an apostille seal for use in Dominica. Police documents are required for each country in which the person lived for 6 consecutive months or longer since reaching the age of 18.
Step 3: Submit Your Application
Once your documents are fully prepared and checked for accuracy, our specialists will submit your application to the Government of Dominica via an authorized local agent, as per legal requirements.
Step 4: Government Review & Due Diligence
The Government will thoroughly review your application and perform due diligence checks, verifying the accuracy of the submitted information. There is currently no interview requirement.
Step 5: Pre-Approval Notification
After the Government completes the due diligence process, a decision letter will be issued. Endevio will forward this pre-approval notice to you, outlining the next steps.
Step 6: Complete Your Investment
Once you receive pre-approval, you will be required to complete your investment and settle any remaining fees.
Step 7: Citizenship in 3-4 Months
Upon the completion of your investment, your citizenship certificate will be issued, and your passport application will be submitted on your behalf. You do not need to visit Dominica to receive your citizenship; your passport will be sent to your preferred address by courier.
Residency Requirement: A minimum of 5 days in Dominica is required within 5 years of obtaining citizenship. However, as of December 2023, waivers are available under certain circumstances, including for elderly applicants (aged 80 or above), minors, and individuals with severe disabilities.
Fundamentally, these exceptions allow flexibility for those who are unable to fulfill the residency obligation due to health or other significant factors.
With Endevio's expert guidance, you can navigate the citizenship process with confidence and ease, knowing that every detail is handled professionally from start to finish.
Timeline and Costs of Dominica CBI
The entire process of applying for and obtaining Dominica Citizenship by Investment can take approximately 3-6 months, depending on the complexity of your application and the efficiency of the due diligence checks. Moreover, the costs involved may vary based on your chosen investment option and family size. Below is an estimated breakdown:
- Real Estate Investment: $200,000 (minimum) + associated fees
- EDF Contribution: $100,000 for a single applicant up to a family of four
- Due Diligence Fees: $7,500 for a single applicant (may vary depending on additional dependents)
- Processing Fees: $2,000 for a single applicant (varies based on family size)
Conclusion
In conclusion, the Dominica Citizenship by Investment program presents an excellent opportunity for those seeking a second citizenship in a beautiful and welcoming environment. By understanding the process and requirements, you can make informed decisions for a prosperous future.
If you're ready to explore your options and learn more about the opportunities available in Dominica, contact us and we will guide you on this exciting journey.
