A sovereign island state in the East of the Caribbean, the Commonwealth of Dominica offers a trusted and reputable citizenship by investment program since 1993. The Caribbean island nation boasts striking mountainous terrain, rainforests, and the second largest natural hot spring in the world, surrounded by a stunning and unspoilt coastline. Applicants can obtain lifetime citizenship by making a donation of minimum $100,000 to the Government’s Economic Diversification Fund (EDF), or by way of real estate investment at a minimum $200,000 in a Government approved real estate project. Dominica has become popular with foreign investors, leading to the recent opening of Royal Bank of Canada and Scotiabank branches.
Citizenship Benefits:
- No travel or residency requirement during application process or after obtaining citizenship.
- Visa-Free Travel to over 140 countries including the UK, EU, Hong Kong, Singapore and others.
- Full Residence Status including the right to live and work
- Dual Citizenship is permitted and no requirement to renounce existing citizenship
- Democratic Government offering political stability
- Direct airlift from key international destinations including Miami, New York and London
- No Taxation on wealth, capital gains, gifts and inheritance
Time to Citizenship – 4 to 5 months
Option 1: Donation to the Economic Diversification Fund (EDF)
Investment Requirement:
Donation requirement is a minimum contribution of $100,000 to the Government’s Economic Diversification Fund (EDF).
Investment breakdown:
Minimum Investment payable upon approval in principle of application:
- $100,000 – Single Applicant
- $50,000 – Spouse
- $175,000 – Family of 4 persons, including the Principal Applicant, the Spouse and two other dependants other than a dependant sibling.
- $50,000 – Sibling of the Principal Applicant or Spouse, aged between 18-25 years
- $25,000 – Any Dependent other than the Spouse or Sibling of Spouse or Principal Applicant, aged between 18-25 years
Additional fees apply, such as Due Diligence, Application and Processing fees.
Option 2: Real Estate Investment in a Government Approved Project
An applicant may qualify for citizenship through a minimum investment of $200,000 in a Government approved real estate project, irrespective of the number of dependents included in the application. Property acquired under this option may also be resold after 5 years following the grant of citizenship to the applicant
Investment Requirement:
Payable upon approval in principle of application – $200,000
Government Real Estate Fees:
Payable upon approval in principle of application – $200,000
- $25,000 – Principal Applicant
- $35,000 – Family of up to 4, including the Principal Applicant and up to 3 dependants other than a dependant sibling
- $50,000 – Family of up to 6, including the Principal Applicant and up to 5 dependants other than a dependant sibling
- $70,000 – Family of up to 7 persons or more, including the Principal Applicant and at least six dependants other than a dependant sibling
- $25,000 – Dependent Sibling below 18 years
- $50,000 – Dependent Sibling between 18 – 25 years
Additional fees apply, such as Due Diligence, Application and Processing fees.