DOMINICA

CITIZENSHIP BY INVESTMENT PROGRAM

DOMINICA MAINTAINS CURRENT PROGRAM FEES

The Citizenship by Investment Program, running since 1993 and recently improved, offers the applicant and their family the most affordable route to full, legal citizenship through making an economic contribution to the country. Once granted citizenship an applicant and family members will be able to travel visa free to 91 countries including the UK, Switzerland, Singapore, Hong Kong and Ireland.  On Thursday 28th May 2015 Dominicans were granted visa- free entry to Schengen states, allowing nationals of Dominica unrestricted access and stay in EU Member states up to 6 months per entry. 

Please note that nationals Iran, Iraq, Chechnya, Somalia, Sudan, Yemen, North Korea, Pakistan and Saudi Arabia are currently not eligible for applying under the program, unless they hold permanent residence outside of their country of birth. 

CURRENT PROGRAM REQUIREMENTS

To qualify for citizenship by investment in the Commonwealth of Dominica the applicants are required to make a contribution via either of the following four options:

• A non-refundable donation of USD $100,000 into a Government Fund for a single applicant
• A non-refundable donation of USD $175,000 for a family application consisting of one applicant and their spouse
• A non-refundable donation of USD $200,000 for a family application consisting of one applicant, one spouse and two children under the age of 18 years
• A non-refundable investment of USD $200,000 for a family application consisting of applicant, one spouse and more than two children under the age of 18 years, and US$50,000 for every additional child dependent aged 18 years and below
• Further Additional members of the family are charged as follows:

(a) An additional $15,000 (US Dollars) per child for children who have turned 18 years but are less than 21 years old.
(b) An additional $25,000 (US dollars) is required for any additional child over twenty-one years of age.

ADDITIONAL PROCESSING FEES

• Certificate of Naturalisation fees – USD750 per applicant
• Cost of expedited process for passport – USD1,200 per applicant 

Please note that these figures may change without notice, are exclusive of professional fees and are used for a guidance only.  Please contact us for an accurate quote.

APPLICATION PROCESS

Currently the estimated processing time for a Citizenship by Investment in Dominica is around 5-14 months. An application is submitted to the Financial Services Unit (FSU) department of the Dominican Government department who review all submitted forms and supporting documents.  There is a mandatory interview which an applicant must attend to fulfil the application process. As the interview commission meets only ONCE a month it can often lead to difficulties with allocating an interview slot and this can prolong the application process. 

Typically the following documents are requested from each applicant including child dependents:

• Photographs
• Certified copy of passport(s)
• Certified copy of national identity cards
• Medical Insurance certificate
• Certified birth certificate
• Proof of residential addresses via utility bills where required
• CV
• Business background information
• Impeccable references

Please note that Regency Elite will provide and prepare these application forms and will assist clients with the right choice of supporting evidence.  For further information on how the application process works, please contact us.

ABOUT

A peaceful, tropical paradise covered by rainforest with hundreds of waterfalls, rivers and lakes a wide variety of fauna and flora and remarkably unspoiled natural beauty earns the Commonwealth Of Dominica the title of the ‘Nature Island of the Caribbean’. Its tropical climate is a fertiliser for coconut trees, banana plantations, citrus and tropical fruits and coffee making agricultural export one of the main drivers of the economy.  Tourism is, of course, another sector that generates large income for the country. 

It is has also been named as one of the world’s happiest places to live.  It offers a relaxed lifestyle within a safe, peaceful and unspoiled environment that is culturally vibrant and home to a warm, friendly community. Additionally, there is no wealth, gift, inheritance, foreign income or capital gains tax. A foreign investor is only liable to pay income tax if he resides and earns in the country. Furthermore, since Dominica is a member of double taxation treaties with the USA and CARICOM (an international organisation consisting of 15 member states in Caribbean promoting economic co-operation in the region) it allows for generous tax relief benefits and export allowance in the Caribbean.

BENEFITS OF THE PROGRAM

• No age restriction on elderly adult dependents
• Swift processing time
• No restrictions on dual nationality
• Citizenship for life
• No tax on foreign income
• No charge on capital gains
• No charge on gift, wealth and inheritance taxes
• Visa free access to 91 countries

  For a list of Visa Free Travel for holders of a Dominica passport please scroll down: