Highlights
- Dominica Citizenship by Investment
- Requirements for Dominica Citizenship by Investment Program
- Cost of Due Diligence
- Who is Eligible to get Dominica CBI
- Benefits to Investors Through Dominica Citizenship
Right now, Dominica is one of the cheapest countries in the world to apply for the investment program. By investing $ 100,000 in the state fund or $200,000 in real state, Dominica citizenship can be obtained. There are some additional charges, which depend on how many family members are there in the application. Within 3 to 7 months, Dominica issues a passport for the applicants who apply for citizenship investment.
Requirement for Dominica Citizenship by investment Program
It is based on two options to choose between:
- $100,000 worth- contribution to Dominica’s economic diversification fund
- $200,000- can be in the purchase of apartments, villas, shares, and hotels (approved by the government of Dominica)
There are other charges, which include the processing fee of the application, government fee for real estate investment bank commission/charges, delivery cost, and translation fee. The amount can vary, depending on the composition of total family members and their required documents for the process. Government associations can help an investor to calculate the exact cost of participation in the program. In recent records, the government has cleared more than 5,800 investors’ citizens from 2017 to 2020. This also benefits the state earned an income of $1.2 billion.
Cost of Due Diligence
The applicant should be over the age of 16 for the approval of application of an investor and his/her family members. In this regard, the government of Dominica takes responsibility for future citizens that they do not have any issues in the country, that they will be well aware of rules and regulations, and that the money they are putting in should be legitimate.
The legal department, in this process,, also ensures that an investor record is criminal-free. The fee of Due diligence for an investor is $ 7,500 and for the participant is $ 4,000 for each over the age of 16.
Who is Eligible to Get Dominica Citizenship by Investment?
The investor can easily obtain the Dominica citizenship if at least 18 years old. It includes the investor’s family members, spouses, children, and parents. They can obtain Dominica nationality as well.
Benefits to Investors Through Dominica Citizenship
- Traveling access to 1450 countries without having a visa.
- For your business or amusement purposes, a B-1/B-2 visa allows you to travel globally, and it is valid for ten years
- Having a Dominica investment citizenship make it easier to use the banking services.
- No taxes are applied on assets, giveaways, and provisions.
- If an individual is interested in working with international companies, Dominica makes it easier to register with foreign partners.
Procedure for Dominica Citizenship by Investment
- Contact our authorized department for the process
- Our Licensed agency provides this facility to sign an agreement for this program
- All the necessary documents need to be prepared
- Appearance in an interview is mandatory
- Within a few months, you will get an answer from the government
- After this, you will get a passport on your provided address.
