The Dominica citizenship golden visa program was launched in 1993 to attract foreign investment to its economy. In return for the investment, the Dominica government will grant the investor and their family citizenship.
Dominica, known as the mountainous nature island, is not be confused with the Dominican Republic more than 500 km away. With 75% of the land covered with lush tropical rainforest, Dominica is blessed with many natural wonders. Champagne Reef, Twins Waterfalls, Victoria Falls, and Boiling Lake are just a few of these natural wonders. It’s not surprising Dominica was named recently as one of the top destinations to visit.
Dominica Program Highlights:
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- Cheapest program to the Caribbean Islands;
- Easy 2nd passport for you & family without leaving your home;
- Open to every country nationals(eg North Korea, Iran, Syria, etc)
- No visit is needed;
- Access to over 140 countries visa-free
Dominica Investment Requirements
There are 2 options available:
- Invest US$200,000 in real estate for citizenship; or
- A donation of US$100,000 for a single application; US$200,000 for a family of 4.
Dominica Citizenship Program:
Applicants must buy and keep their investment property for 5 years. During that time, they may be able to rent out their property and after 5 years, they are able to liquidate the investment.
There are no age, education, work, or language requirements.
Time to Citizenship
Approval for Dominica Citizenship will take about only 4 months.
Citizenship Process
Dominica Citizenship Program Costs
Dominica Stay Requirements
There are no stay requirements.
Family
The applicant may include their spouse, dependent children under the age of 30 and they may also include their parents and parents-in-law.
Dominica Tax Benefits
There are no worldwide tax or capital gain taxes.
Summary
Besides being a tax haven, Dominica is also well known for its corporate privacy. Its government has been supportive and proactive in attracting foreign investment not only in the financial sector but in the technology sector as well. As a result, Dominica’s economy is given a boost by a huge amount of Chinese investments in the country and has established tax treaties with 13 countries.
Do
get in touch with us if you feel that Dominica might be the country you like to have your 2nd citizenship in. We can provide you with more information or arrange a call with our Caribbean partner for a short chat!
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