Citizenship by Investment program has two different routes of investment. One is by making a nonrefundable contribution to Economic Diversification Fund (EDF) and the other is by making an Investment of at least $200,000 in government-approved real estate project.
The cost of the contribution is based-on the number of dependents included in the application
Who can apply?
Eligibility
- ⦁ Main applicant must be above 18 years of age
- ⦁ Provide source of funds
- ⦁ Clean criminal record
- ⦁ No health issue
- ⦁ Legal spouse & dependent children upto 30 years of age.
- ⦁ Dependent parents & grandparents above 55 years of age.
- ⦁ Dependent siblings age between 18 – 25 years
Investment Requirements
1. Economic Diversification Fund (EDF) (Nonrefundable contribution)
- ⦁ Single applicant: USD 100,000
- ⦁ MA + Spouse: USD 150,000
- ⦁ MA + Spouse + 2 children: USD 175,000 (family of 4)
- ⦁ Additional dependent: USD 25,000 each
- ⦁ Dependent siblings: USD 50,000 each
2. Real Estate (Government approved projects)
- ⦁ Investment in Real Estate : USD 200,000
- ⦁ Government fees:
- Single applicant: USD 25,000
- MA + Spouse + 2 children: USD 35,000 (family of 4)
- Family of 6 (excluding siblings): USD 50,000
- Dependent siblings: USD 25,000 under age 18
- Dependent siblings.: USD 50,000 over 18 years of age
Please note, Due diligence fee, application fee, processing fee, legal fee, government fee, Guardian professional fee, etc. is applicable.
Citizenship application process: 3-5 months
⦁ Signup engagement agreement with Guardian.
⦁ Guardian operation team will conduct initial assessments on client’s profile.
⦁ Guardian professional team will assist & advise you the collection of the documents according to the Government checklist.
⦁ File preparation & submission for citizenship application.
⦁ Upon receiving “Letter of Approval in principle” from citizenship unit, applicant will make full investments & other associated government fees.
⦁ Receives approval from Citizenship commission.
⦁ Received Certificate of Naturalization.
⦁ Submission of passport application.
⦁ Receiving of passport.
Benefits
⦁ Enjoy full residency status — including working rights.
⦁ Joining a global community that transcends Dominica’s land borders
⦁ Global mobility, including visa-free travel to over 140 territories, from Singapore and Hong Kong to the European Union and the United Kingdom
⦁ Minimal taxation, with no wealth, gift, inheritance, foreign income, or capital gains tax
⦁ The ability to hold multiple citizenships
⦁ Knowing that you have personally contributed to the prosperity of a peaceful, welcoming country, which you can call home for life.
Business Benefits of Dual Citizenship in Dominica
⦁ Minimal taxation – no wealth, gift, inheritance, foreign income, or capital gains tax, and no personal income tax for residents
⦁ Dominica is a signatory of double taxation treaties with the USA and the CARICOM
⦁ No restriction on repatriation of profits and imported capital
⦁ Great incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance
⦁ Dominica’s currency, the East Caribbean dollar (XCD), is pegged to the US dollar (USD) at a fixed rate
⦁ Duty-free access to several markets across the Caribbean
