Dominica Citizenship By Investment 2023 Guide – Investment Immigration

Dominica Citizenship by Investment: Your Passport to a
World of Possibilities

Ready to unlock a world of opportunities and become a global
citizen? Look no further than Dominica’s Citizenship by Investment
Program. This streamlined process opens the door to Dominica
citizenship, giving you and your family the keys to a treasure
trove of benefits. Perks range from visa-free travel to over 140
countries including the Schengen Area, Singapore and Hong Kong,
easy access to US and Canadian long term tourist and business visas
and of course the chance to live in all of the OECS and CARICOM
countries. Not to mention zero capital gains, wealth and income tax
for those that decide to relocate to the country.

Dominica Citizenship by Investment Program

Since its debut in 1993, the Dominica Citizenship by Investment Program has
been a beacon of opportunity, drawing in investors from around the
globe. From 2017 to 2020, an impressive 4,192 individuals seized
their chance to become citizens of Dominica. But what sets this
program apart from its Caribbean peers? The answer is simple:
value. Dominica offers one of the most affordable routes to
citizenship by investment globally, with options starting from
$100,000 via the donation option or from $200,000 for real estate
investment.

And speaking of real estate, this path to citizenship is more
than just a formality—it’s an invitation to prosper.
Investors have the potential to recoup their investment within 3-5
years through property resale. Plus, with the program’s
family-friendly approach, you can bring your loved ones along for
the journey, securing a brighter future for all.

In our modern, fast-paced world, convenience is paramount.
That’s why Dominica has streamlined the citizenship process to
be completely remote, ensuring that one can embark on their new
adventure without ever leaving home. The path to global citizenship
has never been more accessible or appealing.

Program Overview

At the helm of this successful program is the Citizenship by
Investment Unit (CBIU). The Dominica government is all in,
recognizing the profound impact of private investment as a catalyst
for the nation’s prosperity. The Citizenship by Investment
Program lays the groundwork for foreign direct investment, fueling
the growth of the private sector. This strategic process is
building a robust and adaptable economic foundation, ready to take
on the challenges of today’s competitive global landscape. For
over two decades, the government has steadfastly committed to the
citizenship investment initiative, continually refining and
elevating the program to new heights. So, what are you waiting for?
Your passport to a world of opportunities awaits!

Recent Changes to Revolutionize Your Pathway to Global
Citizenship:

Key Updates as of July 17, 2023:

Get ready for some transformative changes that have taken place
to elevate the process of obtaining your Dominican citizenship!

New Mandatory Interviews:

In a game-changing move to ensure only the finest candidates
make the cut, interviews will now be an integral part of the
application process for all hopefuls aged 16 and above. This vital
addition is set to uphold the program’s esteemed reputation by
ensuring quality, genuine applicants have the opportunity to make
Dominica their new home.

Enhanced Diligence for Iranian Nationals:

Iranian nationals will now experience an enhanced due diligence
process, with a unique fee structure as follows:

• Main Applicant: $25,000 USD




• Spouse: $15,000 USD




• Each dependent aged 16 and above: $15,000 USD




• Each dependent aged 12 to 15: $10,000 USD

Rest assured, these fees include all standard due diligence
costs.

Advantages of Dominica Citizenship:

• Visa-Free Travel: Immerse yourself in a world
  of possibilities with visa-free or visa-on-arrival access to 140
  countries streamlining your global adventures for business,
  leisure, or academic pursuits.




• Wealth Diversification: Tap into the potential
  of Dominica’s robust economy and tax-friendly landscape, a
  haven for safeguarding your assets and diversifying your wealth.
  Citizens of Dominica are not required to pay taxes on capital
  gains, wealth tax or income tax.




• Top-Notch Education and Healthcare: Propel
  your life quality to new heights with access to premier educational
  institutions and healthcare facilities for you and your
  family.




• Family Inclusion: The beauty of the Dominica
  CIP lies in its family-centric approach, extending the golden
  opportunity for a brighter future to your loved ones.




• Swift Processing: Time is of the essence, and
  with the program’s efficient application procedure, your
  passport to a world of new opportunities is within reach in no
  time.

The Fine Print: Drawbacks of CBI in Dominica

The Dominica citizenship by investment program is undoubtedly a
treasure trove of investment opportunities. However, the program
has experienced a significant setback recently after the UK decided
to revoke visa-free access for Dominica passport holders. This
seems to be a temporary mood and with the program’s recent
changes we remain confident that visa-free access to the UK will
soon be restored.

Investment Options for Your Passport to Paradise

Dominica rolls out the red carpet with two fantastic investment
routes that lead you straight to your very own Dominican
passport!

Economic Diversification Fund Donation: A Vital Pulse
for Development

Step into the sphere of impact with the Economic Diversification
Fund (EDF), a powerful government initiative fueled by investments
from global citizens like you. Your financial contribution to the
EDF propels the country’s growth, touching lives and shaping
futures. From building schools and modernizing hospitals to
establishing a national sports stadium and fostering industries
like tourism, IT, and agriculture, the EDF is a testament to
Dominica’s commitment to excellence.

Here’s the deal:

• Main Applicant: $100,000 USD




• Main Applicant + Spouse: $150,000 USD




• Main Applicant + Up to Three Dependents: $175,000 USD




• Additional Dependent Under 18: $25,000 USD




• Additional Dependent 18 or Older: $50,000 USD

Don’t forget the additional fees:

• Processing Fees: $1,000 USD per application




• Due Diligence Fees: $7,500 USD for the main applicant; $4,000
  USD for the spouse and each additional dependent above 16
  years




• Certificate of Naturalization Fee: $250 USD per person




• Expedited Passport Issuance Fee: $1,200 USD per person

Real Estate Investment: Your Ticket to Citizenship and
Potential Returns

Alternatively, immerse yourself in the lucrative world of real estate. All you need to do is invest in
approved property worth at least $200,000 USD and hold on to it for
three years (or five years if the next buyer is also on the
citizenship investment journey).

Breaking down the real estate costs:

• Property Amount: $200,000 USD minimum




• Government Fees for Single Applicant: $25,000 USD




• Government Fees for Main Applicant + Up to Three Dependents:
  $35,000 USD




• Government Fees for Main Applicant + Up to Five Dependents:
  $50,000 USD




• Additional Fee for Any Additional Qualified Dependents: $25,000
  USD

And don’t forget the extras:

• Processing Fees: $1,000 USD per application




• Due Diligence Fees: $7,500 USD for a single applicant; $4,000
  USD for the spouse and any dependents aged 16 or above




• Certificate of Naturalization Fee: $250 USD per person




• Expedited Passport Issuance Fee: $1,200 USD per person

When it comes to the cost of Dominica citizenship, the ball is
in your court, with the final tally depending on the number of
dependents you choose to include. All said and done, this program
offers a passport to paradise that’s well worth the
investment!

Eligibility and Requirements for Dominica CBI

Dive into the details and discover if you’re the perfect
candidate for the Dominica Citizenship by Investment program.
What’s more, we’ve got the complete list of required
documents to guide you on your exciting journey to becoming a proud
Dominican citizen.

Key Requirements

Required Documents:

Here’s a list of documents needed to secure your Dominican
passport:

• A meticulously completed Disclosure Form (snag the latest
  version from your agent or the CBIU).




• Fingerprint and photograph form, to be filled out in the
  presence of a fingerprinting officer.




• Medical Questionnaire and Certificate, signed and sealed by a
  licensed medical examiner.




• Investment Agreement for the EDF route; or Sales and Purchase
  Agreement for the real estate enthusiasts.




• Colored passport copies for each applicant.




• Birth certificates, marriage/divorce certificates, and name
  change documents – cover all bases!




• Police records from a spectrum of places: your birth country,
  citizenship country, residence country, and any country you’ve
  graced for more than six months in the past decade.




• Copies of your driver’s license and all identity
  books/cards.




• Military identification, if applicable.




• 8 passport-sized photos for each applicant.




• Proof of residential address – show us where you call
  home!




• Diplomas from your university or college days.




• For the young scholars aged 12-18, a letter of recommendation
  from the head of school plus official transcripts.




• Notarized affidavit of support for each dependent over 18
  (spouse excluded).




• HIV test results for applicants aged 12 and above.




• Routine blood and urine test results to show you’re in
  tip-top shape.




• One professional reference, to vouch for you.




• Letter of employment or financial statements.




• A full year of bank statements, to give the complete
  picture.




• Notarized affidavit of source of funds.




• Resume/CV to showcase your journey.




• Proof of payment for all the relevant fees.

Remember: Color copies, notarized and translated into English by
a certified translator, are the golden tickets!

Banned Nationalities

Nationals from Northern Iraq, Russia, Belarus, and the Kurdistan
Region are ineligible to apply for citizenship by investment in
Dominica. The same goes for North Korean and Sudanese nationals,
excluding those who have lived in other countries for a period of
at least 10 years, hold no significant assets and do not conduct
business in these countries.

The Pathway to Your Caribbean Dream: How to Get a Dominica
Passport Step-by-Step

• Consultation: Kickstart your journey with
  Lincoln Global Partners and let our expert advisors steer you
  towards the perfect investment option.




• Document Preparation: Gather your documents,
  ensuring they’re all shipshape according to program
  requirements.




• Due Diligence: Dive deep with a background
  check to prove your eligibility and impeccable character.




• Investment and Application: Make your
  investment and send off your application via a licensed agent
  approved by the Dominica Citizenship by Investment Unit.




• Citizenship Approval: And voilà! You
  and your family are now officially Dominican citizens, with a world
  of opportunities at your fingertips.

What’s it actually like? Life in Dominica

Through the Dominica citizenship by investment program
you’re not only gaining a new passport, but a place that could
be your home. While residing in Dominica isn’t mandatory with
the Dominica CBI program, you might find yourself drawn to this
tropical Caribbean safe haven.

Imagine waking up to the soothing sounds of waves, surrounded by
lush forests and towering mountains. Dominica is a nature
lover’s dream with hidden waterfalls, hot springs, and endless
hiking trails. And let’s not forget the rich cultural tapestry,
with its vibrant festivals, lively music, and delectable Creole
cuisine.

The sense of community in Dominica is unparalleled. The locals
embody the warmth and friendliness of the Caribbean and the charm
of this island lies in its commitment to preserving its natural
beauty and cultural heritage.

Whether you’re seeking a peaceful retirement haven, an
adventure-filled lifestyle, or simply a break from the fast-paced
modern world, Dominica offers a unique and enriching experience
that’s hard to match. Let the island’s tranquil pace,
breathtaking nature, and enchanting spirit captivate your
heart.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.