DOMINICA CITIZENSHIP BY INVESTMENT
Dominica is a land known for its lush green forests, its diverse range of flora & fauna and an abundant number of rivers flowing through it, supporting ecosystem and human life together all at once.
Officially the Commonwealth of Dominica, it is an island country in the West Indies and is a part of the Windward Islands in the Lesser Antilles archipelago in the Caribbean Sea. The island is located near Guadeloupe to the northwest and Martinique to the south-southeast. The country offers one of the most economical and flexible second passport programmes in the world.
DOMINICA – QUICK FACTS
- Capital: Roseau
- Passport Rank: 37
- Population: 71982
- Language: English
DOMINICA CITIZENSHIP BY INVESTMENT PROGRAM
Dominica Citizenship by Investment Program, which was started by the Dominican Government in the year 1993, is one of the best & affordable economic citizenship programs which aim to improve the Dominican economy and the standards of its applicants.
INVESTMENT OPTIONS
Commonwealth of Dominica offers Citizenships to foreign nationals under 2 main investment schemes.
OPTION 1: ECONOMIC DIVERSIFICATION FUNDS (NON -REFUNDABLE)
Non refundable contribution (Economic Diversification Funds)
Applicant can obtain life time citizenship by donating below mentioned amount in Economic Diversification Funds.
Family Size | Contribution (Non refundable) | Application and Passport Fee | Due Diligence
|
Single Applicant | $ 100,000 | Application Fee: $1000 Passport Fee: $750
| Main applicant: $7,500 |
Main Applicant + Spouse | $ 175,000 | Application Fee: $1000 Passport Fee: $750 each
| Main applicant: $7,500 Spouse: $4,000 |
Main Applicant + Spouse + 2 Dependents | $ 200,000 | Application Fee: $1000 Passport Fee: $750
| Main applicant: $7,500 Spouse: $4,000 Dependents over 16 yrs: $4,000 |
Main Applicant + Spouse+ more than 2 Dependents | $ 200,000 (Plus Additional $25,000 for each dependent irrespective of age) | Application Fee: $1000 Passport Fee: $750
| Main applicant: $7,500 Spouse: $4,000 Dependents over 16 yrs: $4,000 |
OPTION 2: REAL ESTATE INVESTMENT
Real Estate Investment ($200,000 investment in govt. approved projects)
The applicant is required to purchase $ 200,000 shares in a govt. approved project. Shares can be sold after 5 years. During the holding period applicant can also earn return on investment without any ongoing project cost.
Family Size | Investment | Due Diligence | Government Fees | Application & passport fee |
Single Applicant | $200,000 (5 yrs Holding Period) | Main applicant: $7,500 | $ 25,000 | Application Fee: $1000 Passport Fee: $750 |
Main Applicant + Spouse | $200,000 (5 yrs Holding Period) | Main applicant: $7,500 Spouse: $4,000 | $ 35,000
| Application Fee: $1000 Passport Fee: $750 each |
Main Applicant + Spouse + 2 Dependents | $200,000 (5 yrs Holding Period) | Main applicant: $7,500 Spouse: $4,000 Dependents over 16 yrs: $4,000 | $ 35,000
| Application Fee: $1000 Passport Fee: $750 each |
Main Applicant + Spouse+ more than 2 Dependents | $200,000 (5 yrs Holding Period) | Main applicant: $7,500 Spouse: $4,000 Dependents over 16 yrs: $4,000 | Family of 6: $50,000 Family of 7 & Above: $70,000 | Application Fee: $1000 Passport Fee: $750 each |
** Legal and Professional fee applicable
BENEFITS OF INVESTING UNDER DOMINICA CITIZENSHIP BY INVESTMENT PROGRAM
As a citizen of Dominica, you can partake in a wealth of opportunities and experiences, including:
- Global mobility, including visa-free travel to over 125 countries and territories including the European Union and the United Kingdom
- Minimal taxation – no wealth, gift, inheritance, foreign income, or capital gains tax
- Citizenship can be passed to future generation by Decent
- Dependent children up to 28, as well as dependent parents and grandparents over the age of 55 can be included in the application.
WWICS: THE MOST PREFERRED CHOICE FOR THOSE SEEKING TO OBTAIN CITIZENSHIP OF DOMINICA
STEP 1: The Client will sign the official Contract with WWICS. Initial Payment needs to be paid at this step.
STEP 2: A preliminary check on Applicant’s profile is processed and an initial Due Diligence Report is provided along with a checklist of necessary documents and application forms.
STEP 3: Client needs to complete the Application forms with the assistance of WWICS. The second payment according to the issued invoice needs to be paid at this step.
STEP 4: Once the forms are completed, the Client’s File will be submitted to the Citizenship by Investment Unit (CIU) for approval.
STEP 5: After submission, we wait to receive the “Approved in Principal” Letter from the Citizenship by Investment Unit.
STEP 6: Once we receive the Approval letter, the Client needs to make the final payment as per the invoice issued.
STEP 7: In case of Real Estate Investment, the Client will receive “Certificate of Naturalization” and “Share Certificate”
STEP 8: Passport Applications will be submitted after the Approvals and Certificates and the Passport will then be issued.
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