“For us, foreign investors who become our citizens through CBI are truly valuable partners. We are proud to call them our own and to offer them a truly spectacular place to call home.” Prime Minister Roosevelt Skerrit
Program's overview and key advantages
Dominica government requires investment of either a minimum donation of $100,000 to the Economic Diversification Fund (EDF) or investment of $200,000 in approved real estate.
Dominica passport holders enjoy visa-free or visa-on-arrival travel to 140 countries, including the United Kingdom, the Schengen area, Hong Kong, and Russia.
There is no wealth, gift, inheritance, foreign income, or capital gains tax in Dominica. As a citizen, you would be liable to pay personal tax if you reside in Dominica.
Membership in the Commonwealth of Nations entitles citizens of its member-state to certain privileges in the UK and other member-states.
Application’s processing time takes around 4-6 months, though in some cases delays are possible.
Applicant is entitled to include his/her spouse, children under 30, parents, and grandparents aged 55 and over, unmarried siblings under 26, as well as to add dependents after citizenship has been granted.
In accordance with the laws of Dominica there are not any restrictions on dual nationality. Government keeps all information about its citizens strictly confidential.
Lifetime citizenship is being granted, meaning citizenship may be passed to your future generations.
There is not any prescribed obligation for citizens to visit or reside in the country.
There are not any English language, education or interview requirements.
Roseau Cathedral in Dominica
Aside from boasting a pleasant year-round climate and low cost of living, Dominica has spent great efforts to rebuild its economy following the infrastructural devastation from Hurricane Maria in 2017. Much hard work has been put into rebuilding the nation’s robust economy, particularly in the tourism sector. Today, Dominica has one of the fastest-growing economies in the region, thanks to the country’s CBI Programme which allows well-vetted investors and their families contribute to a government fund or pre-approved real estate on the island in exchange for citizenship.
Families around the globe are looking to Dominica to expand their international fiscal footprint. The country’s promise of safety, security, good healthcare, and a trustworthy government has proved a firm favorite among high net worth individuals. Dominica has not only established itself as a holiday destination but as a reliable investment option and a future safety net for their families.
Dominica’s three main sectors are agriculture, tourism and manufacturing. Over 20% of the island’s land is arable and under cultivation, with bananas traditionally serving as Dominica’s largest export. However, there has been a shift in recent years towards producing other fruits, as well as vegetables and coffee.
Dominica is a parliamentary democratic republic. The executive branch consists of the president and the prime minister, where the former is nominated by the latter, in consultation with the leader of the opposition party.
about dominica's CITIZENSHIP BY INVESTMENT PROGRAM
The Dominica Citizenship by Investment Program was introduced in 1993 by the Government of the Commonwealth of Dominica and is now one of the world’s longest-running economic citizenship schemes, allowing foreign investors to acquire citizenship, move, work, and even set up a business in Dominica.
The Citizenship by Investment Program requires a person to make a significant economic contribution to the Country. In exchange and subject to stringent application procedures, including thorough background checks, the applicants and their families are granted citizenship.
Having been rated the best CBI Program for four years in a row, Dominica, the mountainous Caribbean island nation, with natural hot springs and tropical rainforests, is fastly becoming one of the most popular CBI destinations in the world.
“Emerging for the fourth consecutive year as the world’s best CBI Programme, Dominica balances an excellent reputation for meeting the needs of investors with strong due diligence, a low minimum investment outlay, efficient processing, and a renewed focus on family reunification,” the 2020 Index read.
In the fourth edition of the Citizenship by Investment (CBI) Index published recently, the Commonwealth of Dominica once again topped the list as one of the most attractive CBI programs on offer. The CBI Index, published by the Financial Times’ Professional Wealth Management magazine, is a comprehensive ranking system that compares active CBI programs.
There are two investment options available:
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 in sectors like tourism and agriculture. The minimum investment is US $100,000 for the main applicant. Additional fees will apply to any dependent applications. Government fees are not applicable to the donation option, making this the most cost effective way for individual applicants to apply.
- Real Estate Investment
Government-approved real estate includes hotels, spas, and villas. A minimum investment of US $200,000 must be made in one of these properties to qualify for this program. Furthermore, the applicant must hold on to the property for at least 3 years to secure lifetime citizenship.
Both investment options are subject to government processing and due diligence fees.
Legal System: English Common Law
Currency: Eastern Caribbean Dollar (EC$)
Dominica is a member-state of the Commonwealth and many other international organizations