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How Dominican Citizenship Empowered Naznin’s Personal and Business Growth: A Success Story
||Names and photos have been changed due to privacy||
Naznin A. is an Iranian living in the UAE for the past 23 years. She runs a successful marketing firm with a vision to expand internationally. As an Iranian national, it was important for her to choose a second citizenship that would enhance her personal and professional life.
Naznin was seeking a permanent solution to achieve greater autonomy in her business operations. To ease her travel limitations, she sought a second citizenship that would facilitate the growth of her business operations.
We will review the key aspects of how Naznin chose Dominica’s citizenship program, the investment options available, the process for obtaining Dominican citizenship, and the impact this decision made on Naznin’s business.
Reasons For Seeking a Second Citizenship
One of the primary reasons for Naznin to pursue a second citizenship was to improve her business operations. Her original passport restricted her ability to travel freely, which in turn limited her international business opportunities.
In addition to her professional reasons, she was seeking a second citizenship to ensure safety and stability in her personal life. The political and social instability in her home country caused her concern regarding her family’s future.
Naznin was exploring several options to enhance her business opportunities as well as provide her family with a high standard of living and ensure their well-being.
Why did Naznin Choose Dominican Citizenship?
Being an Iranian national, Naznin was aware that her options were limited. After exploring several Citizenship and Residency programs with our team, Naznin decided to pursue Dominica’s Citizenship by Investment program as it best fit her business and personal requirements.
The Dominican Citizenship by Investment program stands out as the only exceptional program that welcomes Iranian nationals to apply for citizenship. Upon successful completion of an enhanced due diligence process, Iranians are eligible to qualify for the program.
Ranked as the 32nd strongest passport in the world, the Dominican passport facilitates visa-free access to over 140 destinations.
As global mobility was one of Naznin’s main objectives, she decided to pursue Dominica’s Citizenship by Investment program for her needs.
Impact on Naznin’s Business
After receiving her passport, Naznin was pleased with her decision to obtain a Dominican passport, which opened up new opportunities for her business. Through her original passport, she faced challenges in both her personal and professional lifestyle.
By acquiring Dominican citizenship, she has achieved more freedom to travel, live, or work anywhere globally. This decision turned out to be successful for her aspirations and contributed to her business optimization.
Given below is a comparison of her limitations in business with the original passport to that of Dominica’s passport-
| Naznin’s Iranian Passport | After Naznin Chose a Dominican Passport |
| No Visa free access to Europe, China, Singapore, and Hong Kong. Visa-free access to over 140 countries including Europe, China, Singapore, Hong Kong, and more. | No Visa free access to Europe, China, Singapore, and Hong Kong. Visa-free access to over 140 countries including Europe, China, Singapore, Hong Kong, and more. |
| High rate of income, salary, and real estate taxes. A tax-friendly environment with no taxes on wealth, inheritance, or capital gains. | High rate of income, salary, and real estate taxes. A tax-friendly environment with no taxes on wealth, inheritance, or capital gains. |
| Limited investment opportunities due to economic sanctions. High global investment opportunities. | Limited investment opportunities due to economic sanctions. High global investment opportunities. |
| Limited access to international banking services. Wide network of international banking services. | Limited access to international banking services. Wide network of international banking services. |
Impact on Naznin’s Personal Life
Naznin was able to attain freedom and security in her personal life which assured her of her family’s future stability. Her decision assured her of a relaxed and elevated lifestyle with leading amenities.
Given below is a comparison of the limitations in her personal with the original passport to that of Dominica’s passport-
| Naznin’s Iranian Passport | After Naznin Chose a Dominican Passport |
| Basic standard of living. | A high quality of life with increased freedom. |
| Lack of healthcare, education, and public infrastructure services. | World-class healthcare, education, and public infrastructure services. |
| A homogenous society. | Open and heterogenous society. |
| Environmental-induced psychological stress. | Relaxed and peaceful lifestyle. |
Key Highlights of Dominica’s Citizenship
Dominica’s Citizenship by Investment stands out as a top choice for individuals and families seeking a second citizenship through a fast, easy, cost-effective procedure. Renowned for its efficiency and accessibility, this program opens doors to a world of new opportunities. Its wide range of benefits makes it an exceptional program for expanding your future opportunities.
Following our comprehensive discussion with Naznin, we concluded that Dominican Citizenship’s distinctive features align well with her requirements.
Here are the key reasons why one should consider Dominica’s Citizenship by Investment program-
- Prestigious and Reputed Citizenship of a British Commonwealth Country: Hailing as a British colony, Dominica’s passport is recognized globally for its significance and status. This provides investors and families with an elevated standard of life and a range of advantages.
- Global Mobility: Dominica’s passport is ranked as the world’s 32nd strongest passport facilitating visa-free access to over 140 destinations. This allows investors the freedom to travel, work, and live anywhere without strict visa requirements.
- Favourable Tax Policies: Dominica does not levy taxes on wealth, gifts, inheritances, foreign income, or capital gains, positioning it as a favourable choice for tax planning and wealth management. Furthermore, your global income will not be subject to local taxation if you are not physically present in the country making it enhancing for investors.
- World-Class Healthcare and Education Facilities: Obtaining Dominican citizenship provides individuals and families with the assurance of access to the country’s high-quality healthcare and education services. This enables them to safeguard the future of their families and the coming generations.
- Growing Economy: Dominica’s economy is robust and thriving with open access to international markets. This presents a valuable opportunity for investors to strategize their business expansion aspirations.
- Including Family as Dependents: Dominica’s Citizenship by Investment program allows the inclusion of family members under the main applicant’s application helping you secure the future of your family and provide them with a premium lifestyle.
- No Residency Requirement: The process of obtaining Dominica’s Citizenship by Investment can be fulfilled from the comfort of your home. There is no residency requirement to acquire citizenship making the process easy and hassle-free.
- Fast Processing Time: Dominica’s Citizenship by Investment process can be completed within the time frame of 7-8 months. This makes the process appealing and streamlined for investors.
- Increased Quality of Life: Due to its scenic location, Dominica is undoubtedly an excellent location for the well-being and security of your family’s future. It offers top-notch amenities that assure both reliability and a high quality of life.
- Lifelong Citizenship Status: Dominica’s Citizenship by Investment program offers individuals a permanent status, providing an opportunity for a lasting legacy and additional advantages for future generations.
Investment Options for Dominica
Dominica’s Citizenship by Investment program offers several investment structures to obtain citizenship status in the country. These options are recognized for their credibility ensuring individuals of a sound investment. The investment options for Dominica are as follows –
Donation
Economic Diversification Fund (EDF) – This investment route fosters public and private projects within the nation, enhancing sectors such as education, healthcare, sport, and tourism. It presents an opportunity for individuals to contribute to the nation’s growth and development.
Minimum Investment Amount
Single Applicant: US $200,000
Family of up to 4 members: US $250,000
Real Estate Investment
Real Estate- Government-approved Investment in real estate
Minimum Investment Amount: US $200,000
Naznin opted for the investment option of the Economic Diversification Fund and included her mother as a dependent under her application.
Naznin’s Future with Dominican Passport
Naznin continues to reside in the UAE and run her business smoothly. She has elevated her business prospects through the Dominican passport allowing her to enter international markets.
This strategic move not only enhanced her global mobility but also opened doors to business optimization across the world. Naznin is well-positioned to diversify her portfolio, explore emerging markets, and contribute to the growth of her firm.
She attributes a portion of her achievements to obtaining Dominican citizenship, recognizing that it provided opportunities that may have been complicated and limited with her original passport.
As she leverages this valuable asset, Naznin’s future as an international investor looks exceptionally promising in an increasingly interconnected world.
Get in Touch
Considering embarking on the journey towards a second citizenship through investment? We’re here to guide you every step of the way. Our team of experts is just a call or an email away, ready to provide you with bespoke advice tailored to your unique needs. Reach out to us on +971 4 393 0 393 or drop us an email at info@uno-capital.com.
For your convenience, our contact form is also available for any inquiries or to schedule a consultation. Let us help you navigate the path to your new citizenship, ensuring a seamless and secure investment process.
