Dominica Citizenship by Investment

Antoine Saliba Haig | 02 Feb 2017

Dominica Citizenship By Investement

Dominica Citizenship by Investment Programme has been in existence since 1993 and is legally entrenched in the Dominican Constitution. The Citizenship by Investment Programme requires an applicant to make an economic contribution to the country and, in exchange, the applicant and his or her family obtain full Dominican citizenship

Dominica, officially the Commonwealth of Dominica is an island known as "The Nature Island of the Caribbean" due to its spectacular, lush, and varied flora and fauna, which are protected by an extensive natural park system. One can find large tropical forests, including one which is on the UNESCO list of World Heritage sites, hundreds of streams, coastlines and coral reefs. English is the official language of Dominica and is universally spoken and understood. However, because of historic French occupation during different times in history, and the island's location. French is also spoken by many people on the island. 

Legal Basis for Dominica Citizenship by Investment 

Citizenship by Investment is based on Section 101 of the Constitution of Dominica and Sections 8 and 20 (1) of the Dominica Citizenship Act. 

Eligibility for Dominica Citizenship by Investment 

Applicants for citizenship must be at least 21 years of age, of good character, without criminal records and who are willing to make the required investment in Dominica. There are two investment options which qualify under this programme mainly:

  1. A donation to the Economic Diversification Fund (EDF) or;
  2. An investment in Government-approved real estate.

For single applicants, the minimum EDF donation is of USD 100,000, while the minimum real estate investment is of USD 200,000.

Benefits of Dominica Citizenship by Investment 

  • Quick route to citizenship, with a processing time of about 3 months  
  • Ability to include family members in the application
  • The right to live and work in Dominica, without the obligation to reside there
  • The right to live in any CARICOM member state
  • Visa-free travel to more than 115 countries and territories, including the United Kingdom and the Schengen Area, access to which was granted on 28 May 2015. Other countries include Ireland, Hong Kong, and Singapore.
  • Minimal taxation – no wealth, gift, inheritance, foreign income, or capital gains tax
  •  Dual citizenship is allowed
  • Citizenship is not reported anywhere, ensuring privacy

Taxation of New Citizens

  • No wealth tax
  • No inheritance tax
  • No capital gains tax
  • Personal tax to be paid only if one resides in Dominica

Our Citizenship Services

We are able to advise you on the requirements and tax and legal implications of the Dominca citizenship by investment programme and indicate expected time frames based on the specific circumstances and nature of your application.

 

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