The Dominican Citizen by Investment Programme is one of the longest-running citizenship by investment (CBI) programmes in the world. Established in 1993, it is also one of the fastest and most affordable available in the Caribbean, providing Dominican citizenship in exchange for significant financial investment to the country’s infrastructure.
The programme aims to boost foreign economic contributions to Dominica in order to expand the economy to meet the demands of the modern competitive global market. Applicants can make a donation towards major developments projects in both the public and private sectors, or invest in government-approved real estate.
In return, investors are granted a Dominican passport, which allows visa-free travel to 137 countries around the world, including the United Kingdom, Singapore, and every nation in the EU. This document will identify an individual as a Dominican citizen, enabling free travel to all nations with which Dominica shares an agreement. Gaining citizenship also ensures that an individual has access to all the rights, responsibilities, and privileges defined by Dominican law. Citizens are able to call upon Dominica for assistance and protection, and access any diplomatic establishments abroad. There are no minimum stay requirements, meaning that CBI applicants are able to become Dominican citizens even if they have never visited the nation.
How Do You Become a Dominican Citizen
The Government of Dominica introduced the Economic Diversity Fund (EDF) to fund national development in the country. A non-refundable donation could be used to fund anything from building schools and hospitals to specific projects focusing on sectors like tourism and agriculture. A single applicant must contribute at least $100,000, though this amount will increase if they wish to obtain additional citizenship for a spouse or any qualifying dependents. This is considered a more cost-effective option for single applicants as government fees are not applied to an EDF donation.
Real Estate Investment
Government-approved real estate could include hotels, spas, and villas. To qualify for the Dominican CBI programme, a minimum of $200,000 must be invested in property and the applicant must hold any real estate for at least three years to secure lifetime citizenship. Government fees apply to any real estate investment, starting at $25,000 for a single applicant, and increasing to $70,000 for a family of seven. Though this is a more expensive option, investing in Dominican real estate could prove to be a lucrative financial endeavour thanks to the nation’s impressive tourism industry.
Applicants to the Dominica Citizenship by Investment Program must be at least 18 years old, in good health, and have no criminal record. They are also required to officially commit to the investment and be able to demonstrate outstanding character and repute. The Government of Dominica will perform a comprehensive due diligence procedure on all applicants. Click here to learn how to apply.
The Benefits of Dual Citizenship
Successful applicants will enjoy numerous benefits of Dominican citizenship. In addition to the luxury of visa-free travel to over 130 countries, dual citizenship brings significant advantages for those who want to use their passport for both business and pleasure.
As well as having the right to live and work in Dominica, citizens can also do the same in any other CARICOM member state. They may enjoy minimal taxation which frees them from taxes on wealth, gift, foreign income, inheritance, and capital gains. Furthermore, they can engage in duty-free trading across the Caribbean, and are fully exempt from import duties. The East Caribbean dollar currency is also pegged to the US dollar at a fixed rate.
Dominica is frequently named one of the happiest places in the world to live, and its citizens are lucky to experience a particularly high quality of life. In addition to its breathtaking tropical setting, the environment is safe and peaceful, with a rich mix of European and African culture. The nation is home to a welcoming and friendly population, and obtaining citizenship allows future generations to enjoy these same benefits.
The Role of Authorised Agents
Citizenship applications cannot be submitted directly to the Citizenship by Investment Unit (CBIU). Instead, they must be handled by an Authorised Agent licensed by the CBIU. They will have paid the Authorised Agent’s fee in accordance with paragraph 1(1) of the Schedule of the Commonwealth of Dominica Citizenship by Investment Regulations, 2014, and are equipped to assist applicants throughout the process.
Before a prospective client can be accepted, basic due diligence checks must be performed and the breadth of the application process explained. If no issues arise, the Authorised Agent will prepare and submit a Citizenship by Investment application on their client’s behalf. In addition to ensuring all paperwork is organised and validated, any foreign language documents may be professionally translated into English.
Fees for an Authorised Agent’s services vary depending on the complexity of the application and the number of people seeking Dominican citizenship. Potential applicants must not conduct Citizenship by Investment business with any person or entity absent from this official list.
Requirements, Procedures, and Fees for Dominica Citizenship
The Authorised Agent will aid the applicant in preparing the forms and documentation to be submitted to the CBIU. All required documents, including a passport, birth certificate, and police record, must be notarised and legalised prior to submission. Applicants will also have to attend a medical examination and reserve a property through a sales and purchase agreement if they are investing in real estate.
Following a due diligence check to verify all information provided in the application, the CBIU will make a recommendation to the Government provided they are satisfied. The Authorised Agent will be informed whether the application has been successful, needs to be delayed for further processing, or rejected.
Successful applicants will be instructed to either donate to the EDF or make the payment to invest in the relevant real estate property. After the CIBU receives proof of payment, they will issue a certificate of registration. This is evidence of citizenship which can be used to apply for a Dominican passport.
The Citizenship by Investment Programme is detailed in the regulations published in accordance with Section 101 of the Constitution and Sections 8 and 20 (1) of the Citizenship Act. Read our guide for more information on all relevant legislation regarding the Dominica Citizenship by Investment Programme.
Please be advised that applications from citizens of Iran, North Korea, and Sudan will only be accepted where such persons (1) have not lived in these countries for the last 10 years, (2) have no substantial assets there, and (3) are not performing and have not performed any business or similar activity, in whole or in part, in or with these countries.
All applications from citizens of Iran, North Korea, and Sudan who meet the above requirement will be subjected to enhanced due diligence, the cost of such enhanced due diligence to fall on the applicant as part of his or her Due Diligence Fees.
Please also be advised that all applications from citizens of Syria will be subjected to enhanced due diligence, the cost of such enhanced due diligence to fall on the applicant as part of his or her Due Diligence Fees.