The Dominica Citizenship by Investment program was established in 1993, making it one of the oldest and most reputable Citizenship by Investment programs in the world and one of the top ten best CBI programs as listed in the Citizenship by Investment rankings of 2020.
The low investment level, fast processing time and economic security make this a popular choice for investors seeking a 2nd passport. Other benefits of the Dominica Citizenship by Investment program include visa-free travel to 139 countries including the EU, Hong Kong, Singapore, Russia and Brazil as well as tax benefits and low government fees for families.
In order to apply for the Dominica Citizenship by Investment program you have to either;
- make a government donation of at least $100,000 for a single applicant or $200,000 for a family of 4 (+ fees)
- make an investment of at least $200,000 in a government approved project. The property must also be held for a minimum of 3 years. Government fees and Due Diligence fees apply for the real estate option
Please note that the investment level was expected to rise substantially by 75% in 2016, however this was put on hold until at least 2020.
Dominica, or the Commonwealth of Dominica as it is officially known, is nicknamed Nature Island and is located in the Lesser Antilles region of the Caribbean Sea. The country obtained independence from the UK in 1978. The capital city is Roseau and the population is 73,286 (Jan 2020). The official language is English and British common law is the nation’s legal system.
The country is only small in size at 290 square miles (29 miles long and 16 miles wide).
Dominica is economically secure, offers one of the highest standards of living in the Caribbean and has the lowest crime rate in the entire region. It has also been named as one of the world’s happiest places to live and Morne Trois Pitons National Park has been designated a UNESCO World Heritage Site.
The staggering coastline, numerous immaculate waterfalls, natural hot springs and rivers, lush green mountains with unspoiled rainforest and gorgeous white and black sandy beaches provide beautiful and picturesque settings.
Though there are 2 airports on the island, flying into Dominica from an international destination requires travelling via airport hubs in Puerto Rico or San Juan or nearby islands in the Caribbean such as Barbados, Martinique, Antigua, St. Maarten or Guadeloupe.
Before you consider applying for the Dominica Citizenship by Investment program, there are a few things to be aware of. Applicants must;
- be of outstanding character
- be in good health
- have no criminal record
- have basic English
- use an authorized CBIU agent (see note below)
- maintain property for 3 years (real estate option)
And the benefits;
- Fast processing time
- Visa-free travel
- Low investment required
- All nationalites can apply
- No requirement to visit for interview
- Family can be covered by application
- No residency requirements
- Tax benefits
- No education or managerial experience required
The Overseas Investor has partnered with an Authorised Agent who is based in Dominica and specialised in the Dominica Citizenship by Investment program and have the necessary skills and experience needed to assist you every step of the way through the program.
They are required by the Commonwealth of Dominica to provide professional advice, assist you with the application process and help with the preparation and submission of your application for Citizenship by Investment.
For more information on the Dominica Citizenship by Investment program, please click on the enquiry form button and complete the short enquiry form and one of our specialist advisors will be in contact.