Are you eager to know how to get citizenship in the Commonwealth of Dominica? Dominica’s Citizenship by Investment program offers a straightforward path to citizenship through accessible investment options, such as real estate or contributions to the Economic Diversification Fund.
Dominica offers compelling opportunities for global investors with its fast processing time, favorable tax environment, and visa-free access to over 140 countries. Let’s explore Dominica's citizenship requirements in more detail.
Key Takeaways
- Dominica’s Citizenship by Investment (CBI) program offers multiple pathways, including real estate investment and donations to the Economic Diversification Fund (EDF).
- The CBI program is accessible, with minimum investments starting at $200,000 and processing times typically taking 3 to 4 months.
- Dominican citizenship provides visa-free or visa-on-arrival access to over 140 countries, enhancing travel freedom for citizens.
- Dominica has a favorable tax environment with no wealth or inheritance taxes making it an attractive option for investors.
4 Ways to Get Dominican Citizenship
Dominica offers several pathways to citizenship, each catering to different circumstances. Here are the four primary ways to obtain Dominican citizenship:
1. Citizenship by birth and descent
If born in Dominica, you automatically acquire Dominican citizenship, regardless of your parents' nationality.
If you were born outside of Dominica but have at least one parent who is a Dominican citizen, you may be eligible for citizenship by descent. This applies even if your Dominican parent was not born in Dominica but acquired citizenship through their parents.
2. Citizenship by naturalisation
Foreign nationals who have legally resided in Dominica for a certain period, usually 7 years, may apply for citizenship by naturalization. The process involves demonstrating good character, integrating into Dominican society, and often passing a language or citizenship test. Long-term residents typically use this pathway, including those who have worked, studied, or lived in Dominica for an extended period.
3. Citizenship by marriage
Foreign nationals married to a Dominican citizen may be eligible for citizenship through marriage. After being married for at least 2 years and living together in Dominica, the foreign spouse can apply for citizenship.
The process usually requires proof of a genuine marriage and residence in Dominica, as well as meeting other standard requirements such as good character and integration into society.
4. Citizenship by investment
Dominica's Citizenship by Investment (CBI) program allows individuals to obtain citizenship by making a significant financial contribution to the country's economy. Applicants can choose between donating to the Economic Diversification Fund (EDF), investing in government-approved real estate, or other approved enterprises. This pathway is particularly attractive to investors looking for the benefits of dual citizenship, such as increased global mobility and tax advantages.
What is a Citizenship by Investment Program and How Does it Work in Dominica?
A Citizenship by Investment (CBI) program allows high-net-worth individuals to obtain citizenship in any country by investing in its economy. These programs aim to attract foreign capital and stimulate economic growth. In return, countries offer investors and their families the benefits of dual citizenship, global mobility, tax advantages, and personal security.
The CBI program in Dominica, established in 1993, is one of the oldest and most respected in the world. Let’s see how citizenship by investment works for Dominica.
How It Works in Dominica
- Select an investment option: Investors choose from several options:some text
- Economic Diversification Fund (EDF): A non-refundable donation starting at $100,000.
- Real Estate Investment: Purchase government-approved real estate with a minimum investment of $200,000.
- Engage an Industry expert: Applications must be submitted through an agent who will guide you in the process. Mirabello Consultancy is highly skilled and experienced in this process.
- Prepare and submit the application: Gather the required documents, such as passport copies, police clearance, and proof of funds, and submit them through your agent.
- Undergo due diligence: The Citizenship by Investment Unit (CBIU) conducts thorough background checks.
- Receive approval in principle: If successful, make the chosen investment.
- Obtain citizenship: Upon confirmation of the investment, receive a Certificate of Naturalization.
- Apply for the passport: With citizenship granted, apply for a Dominican passport and it will be couriered to your home worldwide.
6 Benefits of Getting Citizenship in Dominica as an Investor
Dominican citizenship offers numerous advantages, particularly for investors looking to diversify their portfolios and secure their futures. Here are some of the key benefits:
- Global mobility: Dominican passport holders enjoy visa-free or visa-on-arrival access to 140 countries, including major global hubs like the Schengen Area, Hong Kong, and Singapore.
- Tax efficiency: Dominica is known for its investor-friendly tax policies. The country has no wealth, gift, inheritance, foreign income, or capital gains taxes. This makes it an attractive destination for investors who are to protect their assets and optimize their tax planning.
- Political and economic stability: Dominica is a member of the Commonwealth of Nations, which provides political stability. The country also has a growing economy, with significant investments in infrastructure and tourism. This stability is a key factor for investors seeking a secure environment for their investments.
- Family inclusion: One of the most attractive features of Dominica’s CBI program is the ability to include family members in the application. This includes spouses, children under 30, parents, and grandparents over 55, allowing investors to secure a future for their entire family.
- Cultural attractions: Dominica offers a rich cultural heritage, with vibrant festivals, historical sites, and a deep connection to indigenous traditions. Citizenship provides the opportunity to immerse yourself in the unique culture of the island.
- Dual Citizenship: Dominica allows dual citizenship, so you can retain your original nationality while enjoying the benefits of Dominican citizenship.
2 Investment Opportunities: How Can You Become an Investor in Dominica
Dominica offers several attractive investment opportunities for those interested in obtaining citizenship through the Citizenship by Investment (CBI) program. Here are two primary investment options:
- Real estate investment:
One of the most popular ways to become an investor in Dominica is through the purchase of government-approved real estate. This option involves investing in luxury resorts, eco-friendly developments, or other approved real estate projects on the island.
- Minimum investment: $200,000
- General fees: $75,000 for the main applicant, $40,000 per additional applicant (18+ years old). If the additional applicants are under 18, the pay is $25,000 per applicant.
- Processing fees: $1,000 per applicant
- Due diligence fees: $7,500
- Certificate of naturalization fee: $500 per person
- Mandatory interview fees: $1,000 per applicant
- Holding period: The property must be held for at least three years. The holding period extends to five years if you wish to sell to another CBI applicant.
- Economic Diversification Fund (EDF) Donation
Another option is to donate non-refundable to Dominica's Economic Diversification Fund (EDF). This fund supports various public and private sector projects, including education, healthcare, and infrastructure development.
- Minimum donation: $200,000 for the main applicant and $40,000 per any additional applicant (18+ years old). If the additional applicants are under 18, the pay is $25,000 per applicant.
- Processing fees: $1000 per applicant
- Due diligence fees: $7,500
- Certificate of naturalization fee: $500 per person
- Holding period: The property must be held for at least three years. The holding period extends to five years if you wish to sell to another CBI applicant.
Required document
- Application form
- 8 passport sized photo
- Medical proof/ health certificate issued by a licensed practitioner
- Investment or donation agreement
- Sale and purchase agreement
- Color copies of passports
- Birth certificate and marriage certificate (if any)
- Police records from the country of birth, citizenship, and residence
- Colour copy of driver’s license
- Military service and discharge documents, if any
- Proof of address
- Copies of diplomas
- Notarised affidavit for each dependant aged 18 or over
- HIV test results
- Routine blood and urine test results
- Employment certificate
How to Get Dominica Citizenship by Investment Program?
The process of obtaining Dominican citizenship through investment is well-structured and efficient. Here’s a step-by-step guide to help you navigate the process:
- Choose your investment option
Decide whether you want to make a donation to the Economic Diversification Fund or invest in real estate
- Engage a licensed agent
Dominica requires applicants to go through an agent. Mirabello offers a free consultation service to help you choose the right investment and navigate the application process.
- Submit your application
Prepare all the necessary documentation, including proof of funds, police clearance, and medical reports. Your agent will submit your application to the Citizenship by Investment Unit (CBIU) on your behalf.
- Due diligence process
The CBIU will conduct a thorough due diligence check on all applicants. This process typically takes 3-4 months.
- Approval in principle
Once your application is approved in principle, you will be required to complete your chosen investment (e.g., transfer funds to the EDF, and complete the real estate purchase).
- Receive your certificate of naturalization
Upon completion of your investment, you will receive your Certificate of Naturalization, allowing you to apply for a Dominican passport.
- Apply for your passport
With your Certificate of Naturalization, you can apply for your passport, which will be issued within a few weeks and couriered to your home worldwide.
Mirabello’s team of experts will guide you through each step of the process, ensuring a smooth experience from start to finish.
Conclusion
Dominica’s Citizenship by Investment program offers a unique opportunity for investors to gain a second citizenship in a stable, economically vibrant country with global reach. Whether you’re looking to secure your family’s future, optimize your tax planning, or simply enjoy the freedom of visa-free travel, Dominica’s CBI program is a worthy consideration.
Mirabello offers a free consultation service to help you explore your options, understand the process, and make informed decisions about your investment. With expert guidance, you can navigate the hurdles of the Citizenship by Investment program, securing a brighter future for yourself and your family.
FAQ
How long does it take to get Dominican citizenship?
The process of obtaining Dominican citizenship through the Citizenship by Investment (CBI) program typically takes 3 to 4 months. This includes the time needed for due diligence checks, application processing, and the completion of the investment.
Is Dominica cheap to live in?
Yes, Dominica is generally considered affordable compared to many other Caribbean islands. The cost of living is lower, with reasonably priced housing, food, and services. However, the cost can vary depending on lifestyle choices and specific locations within the island.
How easy is it to get Dominican citizenship?
Obtaining Dominican citizenship through the CBI program is relatively straightforward and accessible. As long as applicants meet the financial and due diligence requirements, the process is efficient and well-structured.
