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Economic Diversification Fund

About the Economic Diversification Fund

The Economic Diversification Fund (EDF) is a Dominican Government fund supporting socio-economic initiatives with the aim of driving national development. This was established through the country’s Citizenship by Investment Programme, as one component of a national capital mobilisation portfolio. Applicants can acquire citizenship of Dominica by making a financial contribution to the EDF.

All money generated for the EDF fund goes towards improving projects in the public and private sector which are in need of financial support. These include building schools, renovating hospitals, and the creation of a national sports stadium, as well as a variety of other undertakings across numerous industries such as tourism, information technology and agriculture.

Minimum EDF Contribution Requirements

To qualify for Dominican citizenship through the Citizenship by Investment Programme, applicants who choose the EDF option must make a non-refundable contribution to the EDF.

The cost of your contribution will be determined by the number of dependants included in the application,

  1. Single applicant: USD 100,000
  2. Spouse of the main applicant: USD 50,000 
  3. Sibling of the main applicant or of the spouse of the main applicant aged 18-25: USD 50,000
  4. Any dependant other than the spouse of the main applicant or a sibling of the main applicant or of the spouse of the main applicant aged 18-25: USD 25,000 each
  5. Family of four including the main applicant, the spouse of the main applicant, and two other dependants other than a dependent sibling: USD 175,000

Additional EDF Fee

The following fees must be paid in addition to the minimum EDF contribution:

PROCESSING FEES

Per application – USD 1,000

DUE DILIGENCE FEES*

Main applicant – USD 7,500

Spouse – USD 4,000

Dependant aged 16 years or above – USD 4,000

*Enhanced due diligence checks and fees may sometimes be required, depending on the applicant’s current citizenship status, and other personal circumstances.

OTHER FEES

Certificate of Naturalisation fee – USD 250 per person

Expedited passport issuance fee – USD 1,200 per person

NOTE: ADDITIONAL ‘GOVERNMENT FEES’ ARE NOT REQUIRED BY THOSE APPLYING FOR DOMINICAN CITIZENSHIP WITH AN EDF CONTRIBUTION. THESE FEES ARE ONLY RELEVANT TO APPLICANTS WHO INVEST IN REAL ESTATE.

 

Economic Diversification Fund Payment Information

The applicant is responsible for paying the full minimum EDF contribution under the laws and regulations that govern the Dominica CBI Programme. Payments will be made via bank transfer, and any applicable bank charges must also be paid to ensure the Government receives the full EDF contribution amount.

Full minimum EDF contribution amounts are expressed in United States dollars (USD). However, the Government will also accept payments in euros (EUR) and pound sterling (GBP).

IMPORTANT: Any payments in EUR or GBP must be equivalent to or greater than the minimum EDF contribution amount in USD. Any payment that falls below this on the day the payment is processed will be rejected as insufficient.