Dominica, also known as the mountainous nature island, is not be confused with Dominican Republic, which is more than 500 km away. With 75% of the land covered with lush tropical rainforest, Dominica is blessed with many natural wonders such as, Champagne Reef, Twins Waterfalls, Victoria Falls and the Boiling Lake just to name a few. It’s not surprising it was named recently as a top destination to visit.
Dominica citizenship golden visa program was launched in 1993 to attract foreign investment to its economy. In return, the Dominica government will grant the investor and their family citizenship.
There are 2 options available:
Applicants must buy and keep their investment property for 5 years. They may be able to rent out their property. After the 5 years, they are able to sell the investment.
There are no age, education, work or language requirements.
Approval for Dominica Citizenship will take about only 4 months.
There are no stay requirements.
Applicant may include their spouse, dependent children under the age of 30. May also include their parents and parents in law.
There are no worldwide tax or capital gain tax.
Besides being a tax haven, Grenada government has been supportive and proactive to attract foreign investment not only in the financial sector but in the technology sector as well. Grenada’s economy has been given a boost by a huge amount of Chinese investments in the country. Grenada does have tax treaties with 13 countries. However, Grenada is well known for its corporate privacy.
Do get in touch with us if you feel that Dominica might be the country you like to have your 2nd citizenship with. We can provide you with more information or arrange a call with our Caribbean partner for a short chat to find out more!
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