RSSDominica's Economic Citizenship Programme
Dominica is known as the Nature Island of the Caribbean. According to the saying, if Columbus ever returns to the Caribbean now, the only island he would recognize would be Dominica. The country boasts of 365 rivers, waterfalls galore, the world’s largest Boiling Lake, and National Parks to create incomparable beauty of this island, which is situated between two French territories Martinique and Guadeloupe.
Close proximity to the Caribbean Sea and perfect weather all year round make Dominica the first class offshore harbour for international business. Upon successful application, Dominica grants fast and legitimate citizenship and passports.
Why Invest in Dominica?
The following are among the many reasons to invest in Dominica..
1. An educated and skilled work force
2. A stable political climate which is socially and economically mature
3. Ideal geographic location with proximity to the US Mainland and regular air and sea access
4. Unrestricted foreign business ownership
5. Free movement of capital, dividends and profits
6. There are no Capital Gains Tax, Death Tax and Estate Duties
7. Preferential access to major international markets
8. A one stop shop investor service and information centre
9. Welcoming, friendly people in an excellent tropical climate
10. Generous and flexible tax holidays
Why To Choose Dominica’s Economic Citizenship Programme?
A number of countries offer citizenship to persons of other countries, but Dominica’s offer, known as the Economic Citizenship Programme, is uniquely attractive. This is because of the following:
No residence requirement
Under the programme a person can become a citizen of Dominica without having to reside in or even visit Dominica.
Full rights of citizenship
There are no classes of citizenship in Dominica. A person who becomes a citizen through the programme has full rights including to live and work in Dominica and to own land in the country. He cannot be deprived of citizenship except for fraud connected with his application. He cannot be deported from the country and even his children born after his acquisition of citizenship are also entitled to become citizens.
The price
Dominica has the best priced second citizenship/passport programme on the market. For more information on the price click here
Visa free entry
A person who is the holder of a Dominica passport can travel visa free to a large number of countries including England and Switzerland.
No taxes
Citizens of Dominica pay no taxes on their worldwide income. Taxes are only payable on income accruing from Dominica. Further, Dominica has no inheritance tax, wealth tax or capital gain tax.
Dual/Multiple Citizenship
An applicant is not obliged to renounce his existing citizenship to become a citizen of Dominica. A citizen of Dominica may have dual or multiple citizenships.
Ease of obtaining visas
Even for countries such as the United States and the Schengen states (in Europe) where Dominica passport holders require visas, it is relatively easy to obtain such visas.
Minimum renewal fees
A passport is issued by the Government of Dominica for a maximum of ten (10) years. Such passports can, upon expiration, be renewed for a fee of EC$100.00. Passports can be renewed or reissued at any Dominica embassy or High Commission.
English Language Not Required
An applicant for Dominica citizenship is not required to know or speak the English Language.
Confidentiality
Applications for Dominica citizenship are handled with the strictest confidentiality and with sensitivity and discretion. No person, Government or Governmental authority is informed about the applicant or the application.
Investment Options
Family Option – Cash Investment
Under this option the investor-applicant pays US$100,000 which qualifies the investor, spouse and two (2) children under eighteen for economic citizenship. An additional US$15,000 per child is required for children who have turned 18 years but are less than 21 years old (that is the child has yet to become 21 years old). Also, a cash contribution of US$25,000 will be required for any additional child under twenty-one (21).
Single Option – Cash Investment
A Single Option application is defined as one where the investor (whether single or married) is the sole applicant for economic citizenship. Under this option the "Single" investor would be required to make cash investment of US$75,000 which would be directed towards public sector financing.
Other Applicable Fees
- Application fee - US$1,000 per investor (Non-refundable)
- Processing Fee - US$200 per applicant (Non-refundable)
- Naturalization Fee - US$550 per applicant
- Stamp Fee - US$15 per applicant
Requirements
- Investors must be over 21 years of age.
- Applicants for Economic Citizenship must be of outstanding character.
- Application must be on the prescribed form and all necessary supporting documentation must be provided. PLEASE BE ADVISED THAT ALL PHOTOCOPIED DOCUMENTS MUST BE CERTIFIED AS A TRUE COPY BY A NOTARY PUBLIC. FAX COPIES WILL NOT BE ACCEPTED. ALSO ALL DOCUMENTS SUBMITTED MUST BE IN ENGLISH. DOCUMENTS WHICH HAVE BEEN ISSUED IN A FOREIGN LANGUAGE MUST BE TRANSLATED BY AN OFFICIAL TRANSLATOR WHO SHOULD NOT BE THE AGENT/PROMOTER OF THE INVESTOR.
- Included in the package also must be a letter of application for economic citizenship addressed to the Minister responsible for Citizenship stating the reason(s) for applying for economic citizenship.
- Application forms must be signed by applicant or by the parent or lawful guardian of children below eighteen (18) years old.
- Applicants must have a basic knowledge of the English language.
- Each investor/applicant under the programme shall deposit into the appropriate account at the National Commercial Bank of Dominica the amount of their investment. This amount shall not be withdrawn from the account unless the application is withdrawn, rejected or approved. In either of the first two cases the applicant will be refunded. However, if the application is rejected because of false information or declarations, forged or fraudulent documents submitted by the applicant then the investment will be forfeited to the Commonwealth of Dominica and shall not be refunded.
- If the application is refused, all sums (net of bank charges and exchange rate differential) paid into the designated account shall be refunded to the applicant within one (1) month of the rejection of the application. However, no sums paid as fees to Government on applications for economic citizenship shall be refunded. A request for refund shall be addressed to the Minister for Finance.
- Processing of applications for economic citizenship can take at least eight (8) weeks.
- All applicants for Economic Citizenship must have a promoter/agent. Overseas promoters must work with a local agent/promoter.
