AN UPDATE ON THE DOMINICA CBI PROGRAM

The Commonwealth of Dominica, famed for its incredible natural beauty, is a Caribbean Island that offers a peaceful and secure lifestyle.

The Citizenship by Investment (CBI) Program of Dominica has been the best CBI program for the sixth consecutive year by CBI Index published in the Financial Time’s Professional Wealth Management magazine.

This scheme offers citizenship and a powerful passport to the applicants and their families through a streamlined application process.

There are two investment types including contribution to the government and purchasing approved real estate that applicants can choose either option. However, there are some recent changes in the CBI program rules by the Government of Dominica you can see below:

1) Siblings of the main applicant or the spouse are no longer allowed to apply as dependents.

2) The minimum age for the parents of the main applicant and spouse is now 65 years old.

3) Dependent male children between the ages of 18-30 years must be enrolled in a recognized institution of higher learning, and dependent female children between 25-30 must be enrolled in a recognized institution of higher learning. Note that all dependents must be unmarried and substantially dependent on the main applicant. 

4) Name changes will only be allowed to the applicant residing in Dominica not less than two years, during which the witness has known the applicant.

5) The amount of government contribution for both investment options is changed.

These modifications will be effective for application submission starting from September 14, 2022.

The professional team of MICS GLOBAL is ready to discuss the renewed CBI program in detail with you and guide you through the process of getting your second citizenship.

For more information please visit our website https://mics.global/dominica/ and contact us.

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