Dominica
The Commonwealth of Dominica developed its highly reputable Citizenship by Investment Programme in 1993, which today is run by the Citizenship by Investment Unit and celebrates more than 20 years of continued success. Dominica is proud to offer one of the world’s most affordable economic citizenship programmes, as it continues to focus on the overall quality and integrity of its applicants.
Investment Options
Applicants under the Dominica Citizenship by Investment Programme must choose one of two potential routes to citizenship.
- Making a one-time contribution to the Economic Diversification Fund (EDF); or
- Purchasing pre-approved real estate.
The Economic Diversification Fund
Dominica’s Economic Diversification Fund (EDF) is one of many projects launched by the Dominican Government to invigorate its local economy. The EDF has been used to sponsor, among other things, education, tourism, industrialisation, and agriculture. The minimum contribution amount required under this option (currently USD 100,000 for a single applicant) is the most affordable option of any citizenship by investment programme in the Caribbean.
Minimum Contribution
Main applicant: USD 100,000
Main applicant and spouse: USD 175,000
Main applicant with up to three dependants: USD 200,000
Per additional dependant: USD 25,000
Pre-approved Real Estate
Under the real estate option, applicants are required to purchase Government-approved real estate. The real estate must be held for a minimum of three years, but, if applicants wish to re-sell their property to another applicant under the Programme, then they must wait at least five years.
Minimum Investment
Per application: USD 200,000
Government Fees
Main applicant and spouse: USD 35,000
Family with up to four persons: USD 35,000
Family with up to six persons: USD 50,000
Family with up to seven or more persons: USD 70,000
The applicant is responsible for paying the full fees required under the laws and regulations that govern the Dominica Citizenship by Investment Programme.
Therefore, when paying for fees via bank transfer, the applicant must also pay any applicable bank charges, so that the fees are received by the Government in full.
Full fee amounts are expressed in United States dollars (USD).
Due Diligence Fees
Main Applicant: USD 7,500
Spouse: USD 4,000
Dependant aged 16 years or above: USD 4,000
Benefits
Citizens of Dominica can take advantage of a range of benefits, including:
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Citizenship for life, with the right to live and work in the country
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The ability to pass one’s citizenship to future generations by descent
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The opportunity to maintain dual citizenship under Dominican law
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Visa-free travel to over 115 countries and territories, including Europe’s Schengen area, the United Kingdom, Singapore, and Hong Kong
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A low tax regime, safeguarding citizens from, for example, net worth, inheritance, gift, foreign income, and capital gains tax
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The ability to include family members in the application
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Fast processing time and transparent requirements
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No interview requirement
- No previous business experience requirement
- No requirement to reside in Dominica before, during, or after the application
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