Dominica Citizenship by Investment
Dominica Citizenship by Investment
Dominica is one of the Caribbean island nations. It has many natural hot springs and tropical rainforests. It is a member of the common-wealth since 1978. It has rich alluvial and volcanic soils. Dominica has many rivers and high forest clad mountain ranges. Dominica’s forests are home for many different species of plants and animals. The population in Dominica is mostly of African descent. The official language of Dominica is English although, French is also widely spoken. Its economy is dependent on Agriculture, forestry and fishing.
Citizenship by Investment within 2 months
Qualified eligible interested professionals, can apply for Dominica Citizenship by Investment Program. Such individuals should have already proved themselves in the market. Such citizenship, can be extended to the applicant’s spouse and children too. The applicants must invest in the national fund or real estate of Dominica. Citizenship is usually for life time, which can be passed on to the future generations of the applicant through naturalization. The biggest take away from this is that the applicant will not be liable to any kind of taxation either in Dominica or any other part of the world unless the applicant decides to relocate.
Taxation of New Citizens
Under this program, the Dominican citizen is not liable for any kind of tax from income earned in or outside of Dominica. New Citizens are exempted from tax on wealth, inheritance or capital gains.
Through this program, the applicant is eligible for Dominica’s Passport which allows the applicant to travel visa free to 113 countries which include, Schengen space, UK, Hong Kong and Singapore
The Dominica Citizenship Investment Program was ordained in the year 1993. It is based on the section 101 of the constitution of Dominica and section 8 and 20(1).
- The whole process gets completed in exactly 2 months’ time.
- This program is extended to your family members
- You can travel to 113+ countries Visa free
- Your citizenship with Dominica will not be revealed to your country of origin and hence you could maintain dual-citizenship
- The whole process with be confidential
- The taxes in Dominica are bare minimal
- You must be 21 years and above
- You must not have any criminal record
- You will have to either
- make a donation to the Economic Diversification Fund of US $100,000 if you are a single applicant or
- if applying along with your spouse, then you make a minimum investment of US $ 175,000
- if applying, along with your spouse and 2 children who are under the age of 18, then you need to invest US $200,000
- families with more than 2 children, must invest an extra US $25,000/- for every additional dependent
- You will need to invest in a Government approved real estate which has a minimal value of US $200,000. This said property is eligible for resale after 5 years from the date of purchase
Process and Timeline
- It takes 1 month for the preparation of the documents and online application
- The processing time is 2 months. During which the Dominican authorities review the application, check your source of funds and carry out the due diligence checks
- After which, you have to comply with the rules. You need to make your donations or purchase a real estate property
- Followed by that, you receive your Citizenship Certificate
XIPHIAS Immigration helps you and guide you in every way to fulfill your dreams to settle in Dominica. We have all the expertise to prepare your application and advice you before and after you come to Dominica on how to accomplish the conditions put forth by the Dominica Authorities. Now is the time to take advantage of great life style in Dominica. The opportunities are unlimited.Our Immigration Coordinators will reply your inquiry within 48 hours and provide you with FREE phone Consultation Service.