Dominica is the cheapest, flexible, and affordable second citizenship program in the market. Since 1993, the Dominica citizenship program allows investors to gain citizenship of the Commonwealth island even without residing for even a short time. Dominica passport provides enormous benefits to the passport holders, such as visa-free travel to more than 130 countries, No inheritance tax, no global income tax, and dual citizenship.
Due to the enormous benefits offered by the Dominica passport, many high net worth investors and business owners are considering it as their first choice for second citizenship by investment. The process of obtaining Dominica citizenship by investment is straight forward.
Getting citizenship of Dominica
To safeguard the Citizen of Dominica and its international standing, the government only grant citizenship to the applicants who are deserving of the honor. This is the reason the Government of Dominica will reject the application of any applicant who failed to adhere to these requirements:
- Provide correct information on his or her application form.
- Never subjected to a criminal investigation.
- Never considered as the potential security risk to Dominica or any other country in the world.
- Not involved in any activity which likely to cause disrepute to Dominica.
- Never received visa application rejection from countries where Dominica has a visa-free waiver agreement.
- Must be 18 years of age or more.
- Must be healthy
- Must have funds earned through legal ways to make the required investment.
To make sure that the requirements mentioned above strictly adhere, the Government of Dominica carries out strict due diligence procedures on each applicant. Each applicant needs to provide the required documentation to support their application, applicants who failed to do so, are rejected. Some of the major documents are:
- A good health certificate by a medical practitioner.
- A police clearance certificate
Investment Options for Citizenship
Apart from the above requirements, an applicant needs to choose from two available investment options for citizenship of Dominica.
- A contribution to the Economic Diversification Fund
- An investment in an approved real estate project in Dominica
The Economic Diversification Fund
The Economic Diversification Fund (EDF) is a Government fund through which different government and private projects are financed to boost the economy of Dominica.
An individual who opts for this option needs to make a one-time donation to the EDF. An applicant can only contribute through the Authorized local agent.
You can contact a local authorized agent for more information on the EDF option.
Approved Real Estate Project in Dominica
Currently, Dominica has several resorts and hotel projects approved by the government for real estate investment options.
After investing in a real estate project, one needs to hold the investment for three years. An applicant can choose from available approved real estate projects through government authorized agents only.
Under both the NTF route and the approved project (real estate) route, the contribution or investment must be accompanied by application, due diligence, processing, and – in the case of approved projects only – government fees.
In both the options, the Economic Diversification fund, and the real estate option, an applicant needs to pay processing, application, due diligence, and in the case of the real estate option, also the government fees.
Through both the options, you will get citizenship in 3 to 4 months.