Residence by Investment: Dominica

Dominica

Dominica, island country of the Lesser Antilles in the eastern Caribbean Sea. It lies between the French islands of Guadeloupe and Marie-Galante to the north and Martinique to the south. The country has been a member of the Commonwealth since independence in 1978.
The island is 29 miles (47 km) long and has a maximum breadth of 16 miles (26 km). The capital and chief port is Roseau. Dominica’s great natural beauty, especially its spectacular mountainous topography, has impressed generations of nature lovers.
The population is mainly of African descent, with some Europeans, people from the Indian subcontinent, and Caribs. Dominica is the only island with a relatively large and distinctive group of Carib Indians, descendants of the people who inhabited the island before European colonization. Most of the remaining Caribs, a small number of whom are solely of Carib descent, live in the approximately 3,700-acre (1,500-hectare) Carib Territory in the east of the island and are among Dominica’s poorest residents.

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Citizenship by investement (CBI)

Established in 1993, the Dominica Economic Citizenship Program legally offers individuals and families worldwide an irrevocable second citizenship and passport in only four to six months with no visit to the country required. The Caribbean island nation has an excellent international reputation, and consequently, the Commonwealth of Dominica passport provides visa-free or visa on arrival access to more than 115 countries around the world including the entire European Union, Switzerland, UK, Singapore, Russia, Brazil, and Hong Kong. The Dominica citizenship through investment program is legally entrenched in law, and since local law does not contain any restrictions on holding dual nationality, obtaining second citizenship by investment in the country is a confidential process that does not require a person to renounce their existing citizenship.
To qualify for Dominica citizenship by investment under this option, the following non-refundable monetary contributions must be made to the Economic Diversification Fund:
Single applicant – USD $100,000
Main applicant and spouse – USD $150,000
Main applicant, spouse, and up to 2 children – USD $175,000
Additional dependents – USD $25,000 each
Eligible siblings 18 to 25 – USD $50,000 each

Dominica Investment Program Overview

Government aplication processing time3 MONTHS
minimun CapitalUSD 100,000
Investing Holding period5 YEARS
Key Visa-free Travel destinations
Shengen area, Hong Kong,Russia, Singapure, The Uk
The right to live,work and study without restriction in
12 CARICOM member countries
Free Public Education for CitizensYES
Dual citizenship permittedYES

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