Dominica Passports Issued for Our Client- December 2021
This client had applied for Dominica Citizenship by Investment with his family. The Naturalization Certificates were issued in October and their passports in December 2021.
For smart investors looking for a safe and stable destination for themselves and their families, Dominica’s CBI Program offers a trusted route to a second citizenship. The program has been internationally known as the best in the world year after year by independent studies like the annual CBI Index. Applicants need only make an economic contribution to the country’s Economic Diversification Fund or purchase pre-approved real estate to become citizens of the island – if they pass the necessary security checks.
Dominica has managed to conduct a successful CBI despite the strikes caused by the pandemic and the global travel bans which targeted the countries tourism section. The International Monetary Fund (IMF) has predicted that Dominica will even record economic growth of five percent next year, as the island recovers from the coronavirus (COVID-19) pandemic that has had a “heavy toll” on its economy.
The investors participating in Dominica Citizenship by Investment program contributed to the economy and in return, they earned the privilege to get the passport of a democratic and peaceful country, the freedom to travel freely to 75 percent of the globe, and numerous business advantages.
Dominica government is also determined to add more diversity to its citizenship offers. Dominica Entrepreneur Visa, which will initially grant Dominica residency to applicants is one of the most recent. The scheme was first introduced in 2020, however, due to the outbreak of Covid-19, it was postponed to a later launch.
Dominica Entrepreneur Visa, which is 50 percent cheaper than the non-refundable donation to the EDF option, suites the investors who would prefer to support or establish businesses in the country. It is being said that the program may be officially launched in 2022 and offers 3 investment options to the applicants:
- A minimum investment of USD 50,000 in the government’s Investment Fund. The contribution must be made to an existing government-approved company,
- A minimum investment of USD 100,000 in a start-up project. The project must be registered in the Commonwealth of Dominica. The start-up must also employ at least three workers with full-time jobs,
- Invest in a government-approved public sector or private sector venture.
Within two years the investors are eligible to get Dominica residency and passport. They will probably earn their investment and profit back provided they have made a reasonable choice.
Once becoming citizens, investors gain access to increased travel freedom to over 140 destinations, alternative business prospects and a second home in a stable democracy with connections to major education poles like the United States and the United Kingdom.
For more detailed information on the requirements for obtaining Dominica Citizenship by Investment, please contact one of our advisers in the UAE, Denmark, or Canada, we will accompany you and your family until you obtain Dominica Passport.
If you have any questions or comments about Dominica Citizenship by Investment, you can share them with us in the comments section.