The Government Fund was established through the Citizenship by Investment Programme as one component of a national capital mobilization portfolio towards an ultimate goal of national development for Dominica.
Generated funds are utilised for public and private sector projects where a need is identified. Public sector projects identified for financing under the Programme include, but are not limited to, (1) building of schools, (2) renovation of the hospital, (3) building of a national sports stadium, and (4) towards the promotion of the offshore sector. With respect to private sector projects, Government emphasis is on the tourism, information technology and agricultural sectors and therefore public sector projects to be financed under the Programme will fall within one of these sectors.
To qualify for citizenship under this investment option, there are four investment categories with different contribution amounts, based on the number of dependants included in the application, which are as follows:
1. Single Applicant: a non-refundable contribution of USD 100,000 is required
2. Main Applicant and Spouse: a non-refundable contribution of USD 175,000 is required
3. Main Applicant with up to three qualifying dependants : a non-refundable contribution of USD 200,000 is required.
4. For an additional qualifying dependant, other than a spouse, a non-refundable contribution of USD 25,000 per dependant is required .
In addition to the contribution made into the Government Fund, certain fees are also payable including, but not limited to, due diligence fees. For a full breakdown of the fees applicable, please click here.