The Government Fund was established through the economic citizenship 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 (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 dependents 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. Applicant with up to three dependents (Applicant plus spouse and two children below the age of 18): a non-refundable contribution of USD 200,000
4. Applicant with up to four dependents or more (Applicant plus spouse and more than two children below the age of 18): a non-refundable contribution of USD 200,000 (plus USD 50,000 for each additional dependent).
In addition to the contribution made into the Government Fund, certain fees are also payable including due diligence fees and other fees. For a full breakdown of the fees applicable, please click here.