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Thousands of people waiting for Dominica’s passport program

Economy

Thousands of people waiting for Dominica’s passport program

Press Release

Dominica has become one of the most affordable and flexible second passport programs available. Until 1993 it was not possible to gain Dominican citizenship without residing in the country. The Dominican government changed that with the Economic Dominica Citizenship program whereby the need for residency to gain citizenship was waived. Applicants making such a contribution are granted full citizenship for themselves and their family allowing visa-free travel to over 137 countries including the UK and the EU Schengen zone.

Citizenship by investment in Dominica is available through two options. The first is by making an economic contribution (donation) to the country under the government’s investor visa program. The second option available since January 2015 is through real estate investment.

The Dominica Citizenship Investment Program is offered by the Commonwealth of Dominica, which is an island-country in the Caribbean Sea.

Dominica is known as the ‘Nature Island of the Caribbean’ due to its unspoiled natural beauty. It is covered in rainforest and mountainous peaks, and has three hundred rivers, countless waterfalls, and 148 km (91 miles) of coastline. Dominica also holds the world’s second-largest thermally active lake.

After a long history of French and British rule, the island gained independence from Great Britain in 1978. Dominica is a parliamentary democracy with a President as the Head of State. The country is a member of the Commonwealth of Nations, the United Nations (UN), the Caribbean Community (CARICOM), the Organization of Eastern Caribbean States (OECS), the Organization of American States (OAS), and the International Organization of La Francophonie.

With its easy lifestyle and friendly community, the island of Dominica has been named as one of the world’s happiest places to live. In addition, this tropical paradise has a vibrant culture, with both European and African traditions.

Dominica is located between the Caribbean Sea and the North Atlantic Ocean, approximately halfway between Puerto Rico and Trinidad and Tobago.

The island can be reached from the United States and Europe through short stopovers in Antigua (ANU), Barbados (BGI), St Maarten (SXM), Puerto Rico (SJU), Guadeloupe (PTP), and Martinique (FDF).

General Requirements

Applicants for the Dominica Citizenship Investment Program, must fulfill the following conditions:

Be at least 18 years of age

Be of good character

Have no criminal record

Pass a detailed background check

Be able to provide proof of source of funds

Be healthy

Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents or grandparents.

Benefits

Full citizenship status

No requirement to visit Dominica before, during, or after application

No interview requirement

No English language requirement

Low processing fees

Fast processing time

All nationalities are eligible

Dual citizenship is allowed

Social and political security

Visa-free travel about 120 countries (including the UK, the EU, and Brazil)

No foreign income, capital gains, gift, and inheritance tax

Life in a small, peaceful country.

Visa-free Travel

Successful applicants can benefit from visa-free travel to the countries listed below:

Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Curacao, Dominica Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Haiti, Honduras, Jamaica, Montserrat, Nicaragua, Panama, Peru, St Eustatius and Saba, St Lucia, St Maarten, St Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Isl. Venezuela, Virgin Isl. (British), Botswana, Cape Verde, Comoros, Djibouti, Egypt, Gambia, Guinea-Bissau, Jordan, Kenya, Lesotho, Madagascar, Malawi, Mauritania, Mauritius, Mozambique, Seychelles, Somalia, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe,;

Albania, Andorra, Austria, Belgium, Bosnia, Bulgaria, Croatia, Cyprus, Czech  Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland (Rep.), Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Macedonia (FYROM), Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom;

Armenia, Bangladesh, Cambodia, Hong Kong (SAR China), Iran, Israel, Laos, Lebanon, Malaysia, Maldives, Nepal, Philippines, Singapore, South Korea;

Cook Islands, Fiji, French Polynesia, Kiribati, Micronesia, Nauru, New Caledonia, Niue, Palau, Samoa, Solomon Isl., Timor-Leste, Tonga, Tuvalu, and Vanuatu.

Investment Options

Applicants and their families may gain citizenship in Dominica through the Citizenship by Investment Program by choosing between one of two options:

A one-time contribution to the Economic Diversification Fund (EDF)

An investment in pre-approved real estate

Economic Diversification Fund (EDF)

The EDF option is the most desirable alternative for citizenship by investment in Dominica. The Economic Diversification Fund (EDF) is a Government fund dedicated to the national economic development of Dominica. The minimum contribution required under the EDF option is of US$100,000. Please note that, besides USD, EUR and GBP are now also accepted currencies under the EDF option. For a full breakdown, click here.

Investment in Pre-approved Real Estate

The pre-approved real estate option requires applicants to purchase property and to maintain ownership for at least 3 years after citizenship is received. If the applicant wishes to re-sell the property to another applicant for citizenship by investment, then the property must be maintained for at least 5 years. The minimum required investment under the pre-approved real estate option is US$200,000. Please note that, besides USD, EUR and GBP are now also accepted currencies under the EDF option. For a full breakdown, click here.

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