The Commonwealth of Dominica is an island nation in the Caribbean with an excellent reputation worldwide, a stable economy, and one of the highest standards of living in the Caribbean. Famous for its stunning landscapes, Dominica has a pleasant tropical climate, unspoiled beaches, lush mountains, and crystal-clear rivers and waterfalls. However, for affluent individuals, gaining citizenship rather than simply permanent residency is even more appealing. The government’s current program allows one to get a Dominica passport through economic investment in an exceptionally short time.
Benefits of Dominica citizenship
Dominica currently offers the most cost-effective and appealing citizenship-by-investment program available today. Active since 1993, this program does not require applicants to reside in Dominica or meet any language, age, or educational requirements.
Citizenship through Dominica’s investment program is lifelong, allows dual citizenship, does not require island residency, and is fully confidential. Not only can the investor become a citizen, but their family members can as well. The entire application process, from submission to receiving a passport, typically takes about three months.
Key benefits of obtaining Dominica citizenship as a second nationality include:
- the ability to diversify investments across multiple markets and minimize political risks by securing a backup jurisdiction with a stable political system;
- the freedom to travel is a major benefit that adds to one’s quality of life. The Commonwealth of Dominica passport grants visa-free or visa-on-arrival access to 119 countries, including those in the EU, the UK, South America, Singapore, and Hong Kong;
- a favorable tax regime for business operations within the country, no taxes on income sourced outside Dominica for non-resident citizens, and no capital gains, wealth, or inheritance taxes;
- duty-free trade within the Caribbean region and exemption from import duties.
Dominica citizenship is permanent and can be inherited by future generations.
How to obtain Commonwealth of Dominica citizenship by investment
To participate in the government’s economic citizenship program and obtain Dominica citizenship through investment, the primary applicant must:
- be over 18 years of age;
- be in good health;
- possess sufficient financial means to make the required investment and cover all fees and expenses;
- have a spotless reputation and clean personal record;
- verify the legality of their income sources;
- undergo a background check by a due diligence agency.
There are two main pathways to acquiring Dominica citizenship:
- Make a non-refundable investment starting from $222,500 (or $175,000 for the investor and spouse, or $200,000 if the applicant and three family members seek citizenship).
- Purchase government-approved property for at least $200,000, with the option to sell it after a minimum of three years.
For assistance with the process of obtaining Dominica citizenship, contact our Company, “Dynasty Business Adviser.”
