Dominica Citizenship

Dominica Citizenship by Investment Program

Dominica’s Citizenship by Investment Program (CIP) remains one of the most affordable and attractive options for individuals and families seeking a second passport. The program, in place since 1993, has undergone several updates, including new pricing regulations as of July 2024. These changes impact the required investment amounts for both donation and real estate options, as well as the associated government fees.

Benefits of Dominica Citizenship:

- Visa-Free Travel: Access to over 153 countries and territories, including the UK, the Schengen Area, Hong Kong, and Singapore.

- No Residency Requirement: Applicants do not need to reside in Dominica before or after receiving citizenship.

- Dual Citizenship: Dominica allows dual citizenship, making it easier for individuals to retain their original nationality.

- Tax Benefits: No taxes on foreign income, capital gains, or inheritance for non-residents.

Investment Options

Dominica offers two main routes to citizenship: donations to the Economic Diversification Fund (EDF) or investment in real estate. Both options provide a straightforward path to obtaining citizenship but differ in cost and commitments.

1. Economic Diversification Fund (EDF) Contribution

The EDF option involves making a one-time, non-refundable donation to the government, which is used for various national projects such as healthcare, education, and infrastructure.

- Single Applicant: $200,000 (previously $100,000)

- Main Applicant + Spouse: $250,000

- Family of Four: $250,000 (Main applicant, spouse, and two dependents)

- Additional Dependents:

- Under 18: $25,000 each

- Over 18: $40,000 each

2. Real Estate Investment

Applicants can also qualify by investing in government-approved real estate projects, such as luxury resorts or hotels. The updated requirements are:

- Minimum Investment: $200,000 in a government-approved real estate project.

- Holding Period: The property must be held for at least five years, after which it can be resold to another CBI applicant.

In addition to the real estate investment, applicants must pay the following government fees:

- Main Applicant: $75,000

- Family of Four: $100,000

- Additional Dependents:

- Under 18: $25,000 each

- Over 18: $40,000 each

Government Fees

All applicants must also cover due diligence, processing, and naturalization fees:

- Due Diligence Fees:

- Main Applicant: $7,500

- Spouse and Dependents (16 years and older): $4,000 each

- Processing Fee: $1,000 per application

- Interview Fee: $1,000 per interview

- Naturalization Certificate Fee: $500 per applicant

Eligibility Requirements

- Age: Applicants must be at least 18 years old.

- Good Character: Applicants must have a clean criminal record and pass due diligence checks.

- Health: All applicants must be in good health.

Processing Time

The Dominica CIP offers a relatively quick route to citizenship. The typical processing time ranges from three to six months, making it an efficient option for those seeking to obtain a second passport swiftly.

Conclusion

Dominica’s updated Citizenship by Investment Program continues to offer a robust and affordable option for investors and families seeking global mobility and enhanced citizenship benefits. With a new minimum donation of $200,000 and a competitive real estate investment option, Dominica remains one of the most cost-effective programs in the Caribbean, even after the recent changes in 2024.