Citizenship by Investment and Dual Citizenship
Citizenship by investment of Dominica comes with a wide array of benefits. It is these benefits that attract investors to our shores, and ultimately help them seize fresh opportunities, live new adventures, and experience life like never before.
Economic citizens of Dominica:
- Have the right to live and work in Dominica
- Can call one of the world’s most beautiful and eco-friendly countries their home for life
- Can take advantage of robust healthcare and education systems
- Join a global community that transcends Dominica’s land borders
- Can hold multiple citizenships under Dominica’s laws
- Have significant mobility rights, including travel without a visa to approximately 140 countries and territories, including major business hubs
- Have personally contributed to the prosperity of a peaceful, welcoming country
- May reside in Dominica, but become tax residents after 183 days of physical presence
- Are not overburdened by tax. For example, there is no net wealth tax or inheritance tax
Living in Dominica: Nature and Sustainability
Time and again, Dominica has been named as one of the world’s happiest places in which to live. Boasting a high number of citizens who have lived to be older than 100, the island offers a tranquil lifestyle within a safe, peaceful, and pristine environment – and a culturally vibrant and friendly community.
The ‘Nature Isle of the Caribbean’ is a tropical paradise with, as the name suggests, unparalleled natural beauty. It is blessed with hundreds of rivers and waterfalls, rugged mountains covered in green, and dramatic cliffs overlooking the turquoise sea.
Dominica hosts the world’s second-largest hot spring, Boiling Lake, and is home to many rare plant and animal species, including its national bird and symbol, the Sisserou Parrot. The country’s calm, clear sea offers spectacular sites for diving and snorkelling, including shipwrecks and even underwater hot springs. In 1998, Dominica’s Morne Trois Pitons National Park was designated a World Heritage Site by UNESCO.
Since 1997, Dominica has actively participated in the work of Green Globe to develop a model for ecotourism within the island. In 2017, it pledged to become the world’s first climate-resilient nation, and has since been at the forefront of the fight against climate change. It is building eco-friendly resorts and infrastructure, and educates citizens on the importance of living sustainably with initiatives such as ‘Go Green Dominica,’ under which Dominicans were given reusable shopping baskets in preparation for the entire country going plastic bag free.
Doing Business in Dominica
The Government of Dominica offers a number of fiscal and other incentives for investors and entrepreneurs. These include generous tax holidays, import duty and tax waivers (including from VAT on certain capital investments), and streamlined processes. A concise list of business advantages is available below, but for more information, get in touch with Invest Dominica, which provides support and direction to those wanting to do business in Dominica.
- Minimal taxation – no capital gains tax, no payroll tax, no withholding tax due on dividends and interest payments, non-resident individuals are taxed only on income sourced in Dominica
- Dominica is a signatory of double taxation treaties with the USA, the UK, and the CARICOM
- No restriction on repatriation of profits and imported capital
- Dominica’s currency, the East Caribbean dollar (XCD), is pegged to the US dollar (USD) at a fixed rate
- Duty-free access to several markets across the Caribbean
Dominica encourages economic citizens to visit Dominica and live on the island. However, there is no formal requirement to reside in Dominica before or after citizenship has been granted.
Travellers can benefit from Dominica’s assiduous work in solidifying its international relations. Indeed, holders of Dominican passports can use them to travel internationally and benefit from the many visa-free and visa-on arrival regimes that the Dominican Government has established with its allies across the globe.
Successful applicants for citizenship by investment who then apply for a Dominican passport can benefit from visa-free travel or visa-on-arrival (*) to the countries listed below. It must be noted that this list is subject to change. We strongly advise you to contact the relevant government authorities and agencies prior to making travel arrangements.
ANTIGUA & BARBUDA
BRITISH VIRGIN ISLANDS
CAPE VERDE ISLANDS
GRENADA & THE GRENADINES
NORTHERN MARIANA ISLANDS*
SAO TOME AND PRINCIPE*
ST. KITTS & NEVIS
ST. VINCENT & THE GRENADINES
TRINIDAD & TOBAGO
TURKS & CAICOS