DOMINICA
The Commonwealth of Dominica is an English-speaking Island country in the eastern part of the Caribbean Sea, and it is one of the happiest and safest places to live on earth. The Citizenship by Investment (CBI) Program was commence d in 1993 by the Government of Dominica. Applicants and their dependent family members are granted irrevocable citizenship and a powerful passport without the obligation of residing in the country or renouncing their current nationality.
Capital : Roseau
Language : English
Population : 72,000
Currency : East Caribbean dollars (XCD)
PROCESSING TIME
• Currently 3-4 months
• No minimum physical residence requirement
VISA FREE COUNTRIES
• Visa free access to 140+ countries including Schengen area, Singapore
INVESTMENT TYPE
• Contribution to the government fund
• Purchase an approved real estate
INVESTMENT AMOUNT
• Minimum donation of USD 100,000
• Real estate investment of USD 200,000
DEPENDENTS FAMILY
• Spouse, unmarried children under 31*, parents of age 65 or more
*Male children between 18-30 and female children between 25-30 must be studying
KEY BENEFITS
• Right to live, work and study in Dominica
• Dual citizenship acceptance
KEY FACTS
Relatively fast application process and secure investment after approval.
No need of physical presence within and/or after citizenship granting procedure.
No need for language, education, managerial or business experience.
Dual citizenship is allowed without renouncing the current nationality.
Option to register future newborn generations for citizenship at any time.
GLOBAL MOBILITY
Visa-free access to 140+ countries including the UK, Schengen area, Singapore and Hong Kong.
Strong passport that covers mobility to almost 75 percent of the world.
The right to stay in the UK for up to 180 consecutive days.
The right to live, work and study in Dominica or in any other OECS countries at any time for any period.
ASSET PROTECTION
Offshore holding advantages for non-residents entities.
Return on investment after three years in the real estate purchase option.
No individual taxes on all foreign income, capital gains, inheritance, dividends, wealth, or gifts.
No corporation tax on foreign profits for Dominica registered companies.
Facilitate trading with China having visa waiver to China.
INVESTMENT TYPE AND AMOUNT
TIMELINE
The first step is to get the pre-approval on applicant’s passport history administered by MICS professional legal team and Dominica government after having MICS initial professional fee payment.
The MICS processing team will provide the applicant with a precise list of civil and financial documents required by the government.
Once all documents are collected and the file is prepared to be submitted, the government processing fees, due diligence fees and MICS second professional fee will be due.
The completed application will be evaluated for conformity with the Dominica CBI program and the due diligence procedure will be reported.
If the result was positive, the applicant will be invited to make the investment either by making the donation to the government or by purchasing any government approved real estate project.
The Certificates of Naturalization will be issued for all family members in the file and the passport applications will be finalized.
Once the passports are issued, they can be collected in one of the MICS offices, or they can be delivered to the applicants.
This is when the payment of MICS professional fee balance will be due.
