This tropical Caribbean island is home to lakes heated by volcanoes, wonderful waterfalls, and lush mountains. Located in the far east of the Caribbean, this isolated island is perfect to get away from it all and establish a new summer getaway or home.
Dominica, a stunning Caribbean island renowned for its breathtaking natural beauty and unique volcanic lakes, presents an enticing opportunity for investors looking to enhance economic diversity. Through the Economic Diversification Fund and real estate investments, individuals can contribute to the island's growth while reaping significant rewards. In return for their investment, they receive citizenship, which offers numerous advantages, including attractive tax benefits and enhanced travel opportunities across the globe.
The Dominica unlocks visa-free travel to over 146 countries which includes, the Schengen Area, China, and even Hong Kong. Dominica citizens can fly to these countries at any time without having to fill out any prior paperwork. It also opens up opportunities like the B1/B2 work visa in the United States of America. With Dominica citizenship, you can apply for this 10 year work visa and have the opportunity to live and work in the USA for 10 years then even apply for citizenship there.
Put simply, Dominica does not tax capital gains or inheritance. However, if you spend more than 183 days a year in Dominica, you become a tax resident and have to pay taxes on your income.
The entire Dominica citizenship by investment process can be done completely overseas. There are no language tests or obligations to ever visit the country to keep your citizenship. Once you have your Dominica passport, it is yours for life, there are no other requirements to fulfill other than renewing your passport.
Research on Country
Consultation
Due Diligence and Preparing Paperwork
Submitting Paperwork
Government Processing + Pre Approval
Making Investment
Receive Passport
Selecting the right agency will lead to a successful Dominica citizenship by investment journey. Investing time in preparation with the right experts will prevent setbacks as well as the headache of having to go back and forth with government agencies.
Together, we will plan the perfect roadmap for your citizenship journey.
Proper documentation plays an important role in your Dominica citizenship by investment application. It's helpful to gather all the necessary documents, like financial statements, identification papers, and other required forms beforehand. Working with a qualified consultancy will ensure all documents are in order to prevent any setbacks.
Once your Dominica citizen application is prepared, submit it through your chosen partner firm to the Citizenship by Investment Unit. The sooner your application is submitted the faster it can be processed and the sooner you and your family can receive your Dominica passports.
During the application process, stay in touch with your partner agency for updates on pre-approval. At this stage, you will be making your investment to move on closer to receiving your Dominica passport. The Dominica government will be conducting their due diligence to ensure that you and your family qualify for citizenship.
Whether you will be purchasing property or investing in the Economic Diversification Fund, you need to make your investment and then show proof of the transaction. Your partnered agency will assist you in the process to make sure everything runs smoothly.
With everything done, all that is needed is one last interaction with the Dominica government to ensure that everything is in order to finish the process. Upon completing the process, your Dominica passports will be mailed to an official receiving point where you and your family will be collecting yours as Dominica citizens.
A minimum $200,000 investment is needed to qualify for the Dominica citizenship by investment program. Depending on how many other family members are going to be included in the application, there are various fees that are to be paid from due diligence to other government fees. These can amount to up to over $5,000 an applicant. Do get in touch with an experienced consulting agency, such as Mirabello Consultancy, that can calculate all the costs for your application.
Yes, Dominica allows for dual citizenship with all countries. You will never be at risk of losing your citizenship by acquiring new ones.
With all required documentation in order thanks to the help of a consulting agency, a Dominica citizenship by investment program should take about three to six months. However, depending on which citizenship you already hold it may take more time for due diligence to be conducted.