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The Citizenship by Investment (CBI) program in the Commonwealth of Dominica was established in 1993 and is one of the oldest and most popular CBI programs in the world.
It offers individuals and families the opportunity to obtain citizenship in a stable and well-respected country in exchange for a financial investment. The program is designed to benefit both the country and the applicant, as the investment contributes to the development of Dominica’s economy.
To be eligible, applicants must make a contribution, have a clean record, good health, and a high personal net worth. In return, applicants receive full citizenship, including a passport that grants visa-free travel to over 130 countries, and the ability to live, work and study in Dominica. The program also provides the ability to pass citizenship onto future generations, making it a valuable investment for families.
Benefits of Dominica Citizenship by Investment program:
Acquiring Dominican citizenship through investment is advantageous due to its expedited application process, providing a quick route to citizenship compared to naturalization. Additionally, investors gain access to commercial and investment options, as well as offshore financial services, advantageous for those expanding overseas.
Finally, dual citizenship is available, providing flexibility for international business operations. Overall, it provides a fast and straightforward path to citizenship, access to financial services, and dual citizenship opportunities.
About Dominican Passport
With Dominica citizenship comes the opportunity to hold a Commonwealth of Dominica passport, which is ranked as the 37th strongest passport in the world. This passport offers visa-free access to over 130 countries in Europe, Asia, and other regions, which can be a considerable advantage for business and travel purposes.
For investors looking for a second passport, the Commonwealth of Dominica passport is a reasonable choice. It is valid for ten years and has a ten-year renewal option. The passport is more secure since it has an electronic chip embedded with the biometric data of the passport bearer. Dual citizenship is permitted, allowing bearers to keep their home country citizenship while taking advantage of visa-free travel to more nations.
Documents Collection and Submission
Due Diligence Check
Approval and Investments
Issuance of Passport and Citizenship
Investment options to obtain citizenship
Contribution to the Economic Diversification Fund (EDF)
The contributions may be made in the following quanta:
- Single Applicant : US$ 100,000
Main Applicant and Spouse : US$ 150,000
- Family of four : US$ 175,000
- Each additional dependent below 18 : US$ 25,000
- Each additional dependent 18 or above : US$ 50,000
Real Estate Investment
- Investment in government approved real estate.
- Minimum Investment: US$ 200,000
- Additional Government fees will apply.
Requirements of Dominican citizenship by investment
Applicants must fulfil standards to get Dominican citizenship through investment. To qualify, they must first invest at least $100,000 in The Economic Diversification Fund that has been approved or $200,000 in a government approved real estate project fund . Second, candidates need to be at least 18 years old and clear a background check.
Finally, they must present identification and financial standing documentation. The last step is for them to turn in a finished application and pay the required investments About 3-5 months after all prerequisites have been satisfied, the citizenship application can be processed and approved.
About the Country
The island of Dominica, located in the West Indies, is a nature lover’s paradise. Dubbed as the “Nature Island,” Dominica is home to rare plants and animals, 350 rivers, and numerous hiking trails, making it a perfect destination for adventure-seekers. With its lush mountains, active and dormant volcanoes, and the world-renowned “Boiling Lake,” Dominica is a place where nature truly reigns supreme.
Dominica is a peaceful and politically stable country, with a strong democratic government and a proud history of independence from Britain since 1978. As a member of international organisations such as the United Nations, International Monetary Fund (IMF), World Bank, and the Organization of American States, Dominica is a respected and well-regarded member of the global community.
The island also benefits from its membership in the Caribbean Basin Initiative, which grants it duty-free trade with the US for goods and services, and its development as an international financial centre. Dominica is known for its strong offshore banking and payment processing, making it an attractive destination for international investors.
Total Area: 750 Km2
Languages: English/French Patois
Currency: East Caribbean Dollars (XCD)
Exchange Rate: 1 USD = 2.7 XCD
GDP- Per Capita (2016): USD 7,144.45
GDP- Total (2016): USD 525.4 Billion
What are the eligibility requirements for the program?
When is the right time to make the investment?
How long is the validity of the passport?
What are the benefits of the program?
FAQ's About Dominican Citizenship by Investment
Here at UNO Capital, we understand that you might have many questions regarding Dominica passport by investment programs. We are here to answer any questions that you may have, and below we have answered some of the most frequent questions we are asked.
To be eligible, an individual must have a clear health record and must be of good character. Spouses, dependents under the age of 30 and parents or grandparents over 65.
Investment can only be made after completing a due diligence process and receiving board approval.
Commonwealth of Dominica passports are valid for ten years for adults and five years for minors.
Yes, Dominica allows dual citizenship, which means that individuals can hold a Commonwealth of Dominica passport while maintaining citizenship in their home country.
There is a family inclusion option available under the Dominica Citizenship by Investment program, allowing applicants to include their family members in their citizenship applications. Family members are defined as a spouse, dependent children under the age of 30, dependent parents or grandparents above the age of 65.
Depending on the size of the family, there may be additional costs associated with including family members. But, enlisting family members in the application may also provide them access to the same advantages and privileges as the main applicant, including the opportunity to keep dual citizenship, travel to over 130 countries without a visa, and access to international banking services.
It is important to remember that each family member listed on the application must go through the same background checks and due diligence as the main applicant. In order to qualify, dependent children over the age of 18 must also be unmarried and financially reliant on the main applicant. In general, the inclusion of family members in the Dominica Citizenship by Investment program gives families the chance to obtain a priceless second passport and gain access to a wealth of advantages.
The citizenship by investment program's due diligence procedure for getting Dominican citizenship involves a thorough background study of the candidate, including a review of their financial situation, criminal past, and personal and professional history. The goal of the due diligence procedure is to confirm that the applicant has no prior history of criminal behaviour, money laundering, or financing of terrorism. A Dominica government-approved independent third-party provider of due diligence is in charge of the procedure. All candidates must complete the due diligence process, which is an essential step in the application procedure.
Dominica Visa Free List
In addition to the list of countries, access is subject to variations depending on the policy of each government.
141+ VISA-FREE COUNTRIES *
Connect with us today
To assist you in navigating the application procedure and achieving your citizenship aspirations, UNO Capital provides a wide range of services. From the initial consultation to the last approval, our skilled staff will offer professional direction and support.
UNO Capital has a proven track record of success and pleased clients, so you can rely on them to deliver the outcomes you require. Call us at +971 4 393 0 393 right now to learn more and to begin the process of becoming a citizen.
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