DOMINICA

Dominica offers much more than just natural beauty.

Renown as the Caribbean’s Nature Island, this petite island nation is blessed with a rugged mountainous landscape and abundance of water. Its many waterfalls, roaring rivers and clear mountain streams pass through its picturesque green panoramas. An abundance of rare tropical plants, orchids and wildlife seek sanctuary under its dense forest canopy. This rich natural area covers around 59 per cent of the land area, while 32 per cent is for the crops. Dominica has extremely fertile soil thanks to its volcanoes. Throughout the year, Dominicans enjoy mild weather, with cool sea breezes and heavy rainfall in the mountainous areas.

All combined Dominica is described as an Eco Tourism paradise.

Dominica’s expanding financial services sector is quickly cementing Dominica’s place in the world as a major international financial hub. Second to financial services, Dominica remains well positioned with its coffee, cocoa, banana, citrus and tropical fruit exports which are generous contributors to its economy.

Dominica is a territorial tax haven, taxing only locally sourced income. Personal income taxes, dividend distributions and capital gains taxes generated from abroad by its residents are not taxed in Dominica. Dominica’s asset protection and financial privacy laws are well established and considered by top offshore experts to be highly favorable.

As former British territory Dominica is fully a part of the Commonwealth of Nations. The state maintains strong international relations by being a member of several international groups such as the United Nations, World Trade Organization, African, Caribbean and Pacific Group of States, and many more, which brings benefits to its citizens. The state recognizes the citizens’ fundamental human rights and is equipped with courts and legal bodies that ensure its human rights mechanism is well protected. This is manifested in the assurance of a set of individual rights, such as personal liberty and security, freedom of conscience, expressions, assembly and association, and privacy protection of home and properties, including deprivation from home and property without compensation. The social justice system is well respected, and the society works towards the common good, which perhaps explains why the crime rate in this country is considered as low.

There are currently around 71,000 people living in Dominica, with more than one-third population is concentrated in the capital of Dominica, Roseau, and its second biggest city, Portsmouth. Dominicans speak English and are known for their diverse and vibrant culture which is often known as Creole, influenced by a mix of European and African cultures.

As a part of the Commonwealth network, Dominicans enjoy easy travel from and to any member state that is part of this network and join its cultural or sporting activities. Citizens also can enjoy protection of doing economic cooperation and integration when moving to other Caribbean countries, as the country is a member of CARICOM (Caribbean community). Travelling to European’s Schengen area is easy, since Dominicans is allowed for visa-free entrance to the UK, Brazil, countries in Schengen Area, Hong Kong and also Singapore. All in all Dominican passport holders can travel visa free or visa on arrival to roughly 140 countries around the world. Dominica supports their citizens holding dual or multiple citizenships.

CITIZENSHIP BY INVESTMENT

Since 1993, Dominica established citizenship by investment program as a way to boost foreign direct capital to fund development of its agriculture-based economy and tourism. Esteemed foreign investors are encouraged to contribute to nations development funds, in return for Dominican citizen and Dominican passport. Processing time is around three months starting once the documents are submitted in full. A due diligence review is conducted by respected international agencies and the Ministry of Finance to ensure only quality investors gain citizenship.

Dominica’s CBI program allows applicants to do the entire process remotely, meaning that there is no physical visit required to obtain citizenship. Main applicants can also nominate their spouse, children and dependent in some circumstances (siblings, grandparents, etc), providing citizenship & passports quickly for their entire family with a single investment.

Applicants are not limited by any education, professional, time-accrued, or language requirements. Instead a clean criminal history & legally acquired funds form the foundation of Dominica’s Citizenship by Investment program.

Dominica offers two paths to citizenship by investment.

Financial Contribution

Beyond doubt the most preferred way to gain the benefits of Dominican citizenship and its passport is through a direct financial contribution to the Government Fund.
Dominica offers the lowest financial contribution in the Caribbean for single applicants. With a qualifying contribution of US$ 100,000, single applicants can obtain citizenship of

Dominica within a few months. This contribution is a non-refundable donation and will be transferred to Government Fund & used for the ongoing development of the nation.

The applicant can add their spouse for an additional contribution of US$ 75,000, while applicants with three qualifying dependents receive a discounted contribution amount of only US$ 200,000. If the applicant desires to include even more dependents, then a submission of US$ 25,000 for each additional dependent will be added to the application.

The contribution is only made following the applicants full review and pre-approval for citizenship ensuring your security.

Real Estate Investment

Investing a minimum of US$ 200,000 into a pre-approved real estate project meets the initial qualifications for this route to citizenship. While it is tempting to gain citizenship through real estate investment it requires careful consideration. Like other CBI programs in the Caribbean, Dominica grants citizenship only to buyers of specific government approved properties. This can lead to limited selection and potentially poor liquidity.

Since this route requires more up-front capital, also comes with higher opportunity cost. However, should you still want to go through the process of acquiring citizenship in Dominica through property investment, we will certainly assist.

(Investors seeking citizenship by investment in Real Estate are urged to consider investing in Turkey. In Turkey investors are free to independently seek, select & negotiate for desired properties without prejudice on the open market)

 

For a complete estimate of all costs, including contribution amount, due diligence fees, legal fees and processing fees for your situation please contact us today.

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