Citizenship by Investment and Dual Citizenship
Applying for citizenship by investment in Dominica has become increasingly popular in the last few years, but this should come as no surprise. There are a huge array of benefits of having dual citizenship, and Dominica is a particularly appealing place to hold a second passport. The country offers a wealth of new opportunities and experiences, including:
- Full residence status—including working rights
- Joining a global community that transcends Dominica’s land borders
- Global mobility, including visa-free travel to over 120 territories, from Singapore and Hong Kong, to the European Union and the United Kingdom
- Minimal taxation, including no wealth, gift, inheritance, foreign income, or capital gains tax
- Full residence status, with the right to live and work in Dominica if you so choose to
- The ability to hold multiple citizenships
- Knowing that you have personally contributed to the prosperity of a peaceful, welcoming country which you can call home for life.
Lifestyle Benefits of Dual Citizenship
Time and again, Dominica has been named as one of the world’s happiest places 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 Island of the Caribbean” is a tropical paradise, and one of the most beautiful places in the world, thanks to its natural beauty. Dominica 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 our island.
Business Benefits of Dual Citizenship to Dominica
The Government of Dominica offers a number of fiscal and other incentives for entrepreneurs wanting to claim citizenship by investment to the country. These include generous tax holidays, import duty and tax waivers, and streamlined processes. A concise list of business advantages is available below, but for more information, get in touch with Invest Dominica.
- Minimal taxation – no wealth, gift, inheritance, foreign income, or capital gains tax, and no personal income tax for residents
- Dominica is a signatory of double taxation treaties with the USA and the CARICOM
- No restriction on repatriation of profits and imported capital
- Generous incentive packages include corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance
- 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
Although you will surely be reluctant to leave your island paradise, there is no requirement to reside in Dominica before or after your citizenship has been granted. In fact, one of the biggest benefits of dual citizenship is the ability to increase the number of countries you can visit without needing a visa. Holders of Dominican passports can use them to travel internationally and benefit from the many visa-free travel regimes the Dominican Government has established with its allies across the globe.
Some of the major hubs available to those travelling on a Dominican passport include the United Kingdom, with whom Dominica shares a long history, Singapore, Hong Kong and the European nations of the Schengen Area.
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 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