Secure Your Dominica Citizenship By Investment – CBF Is Here To Help!

دریافت شهروندی دومینیکا از طریق سرمایه‌ گذاری
  • Real Estate Investment220,000 USD
  • Non Refundable Donation100,000 USD
  • Mix Investment-
  • Time to get the Residency-
  • Time to get the Passport4 - 6 Months
  • Visa Free Countries140 Countries

Dominica is located in Caribbean islands, founded by Christopher Columbus in 1493 and its capital is Roseau. The island faces the Caribbean Sea in the west and the Atlantic Ocean in its east. It is neighbored by the French island of Guadeloupe to the north and Martinique to the South.

Dominica in recent years is becoming a major international financial center with the large sectors such as offshore banking, payment processing companies and general corporate activities.

Dominica’s citizenship by investment program has a long and distinguished history which was established in 1993 and is enshrined in statute. Subject to fulfilling due diligence requirements, investors in approved real estate projects are offered the opportunity to become citizens of the Commonwealth of Dominica.

 

Requirements to be Eligible to Apply for Dominica Citizenship (Passport)

  • Investor must have a minimum age of 18,
  • Dependent Children below 30,
  • Investor can include the parents and parents-in-law disregarding age,
  • The main applicant and dependents must have worldwide clean criminal record.

 

Dominica rewards the investors in 2020

Foreign investors are invited to apply for Dominica’s Citizenship by Investment Program with their families. The process is fast and the citizenship will be rewarded to the applicants within four months.

In return, economic citizens can live, work, and study in Dominica and accessing its healthcare and education systems. Extensive visa-free travel by Dominican passport is another benefit of this program.

 

Investment Options for Dominica Citizenship and Dominica Passport

Option 1 – Non Refundable Economic Diversification Fund (EDF)

  • 100,000 USD – Single Applicant,
  • 150,000 USD – Main Applicant and Spouse,
  • 175,000 USD – A family of 4 (except siblings),
  • 50,000 USD – Each sibling (aged 18-25),
  • 25,000 USD –Any additional dependent, and also each sibling under 18.

Additional Governmental Expenses:

Due Diligence

  • 7,500 USD – Main Applicant,
  • 4,000 USD – Spouse,
  • 4,000 USD – Dependent above 16.

1,000 USD – Processing Fee.

250 USD – Certificate of Naturalisation Fee per Person.

1200 USD – Passport Fee per Person.

 

Option 2 – Real Estate Investment:

Purchasing an authorized real estate to the minimum value of USD 220,000 and keeping it for 4 years.

Additional Governmental Expenses:

Government Fee

  • 25,000 USD – Main applicant,
  • 35,000 USD – Family up to 4 (except siblings),
  • 50,000 USD – Family up to 6 (except siblings),
  • 70,000 USD – A family up to 7 or more (except siblings),
  • 50,000 USD – Each sibling (aged 18-25),
  • 25,000 USD – Any additional dependent, and also each sibling under 18.

Due Diligence

  • 7,500 USD – Main Applicant,
  • 4,000 USD – Spouse,
  • 4,000 USD – Dependent above 16.

1,000 USD – Processing Fee.

250 USD – Certificate of Naturalization Fee per Person.

1200 USD – Passport Fee per Person.

 

Option 3 – Entrepreneur Visa Program:

  • Invest a minimum of 50,000 USD in an existing government-approved company through the Investment Fund.
  • Invest a minimum of 100,000 USD in a new startup business locally registered in the Commonwealth of Dominica employing at least 3 full-time employees.
  • Invest in a government-approved public sector or private sector venture as an equity investor. (The minimum investment, required will be announced soon).

 

Requirements:

  • Make of a deposit of a minimum amount of USD 100,000 in a local financial institution (please note that the funds may be used from Dominica and depleted during the residency period);
  • Spend a minimum of 90 days out of 365 days per year in the country.

 

*** The client applying for the Entrepreneur Visa receives a 2-year residency permit, which will be issued within 45 days of approval, and can apply for naturalization after 2 years, if met all the criteria.

 

“The latest updates of Dominica citizenship through entrepreneur visa will be announced subsequently.”

 

Dominica’s Citizenship in 2020

Dominica Citizenship by Investment Program enters its 27th year of operation in 2020. The framework of the program has been re-evaluated and the Citizenship by Investment Unit has adopted the following policies since 3rd February 2020.

  • All agents must submit with both the electronic and hard copy application a world check/pre-screen due diligence of their applicant(s) from a reputable due diligence company.
  • Applicants who have been denied a visa from jurisdictions with whom the Commonwealth of Dominica has a visa waiver agreement (such as the Schengen Region and the United Kingdom) should refrain from applying to the program.
  • The Citizenship by Investment Unit will only accept clients of Iranian, Sudanese or North Korean nationality, if they have met the following conditions:
    • They have lived and resided out of the jurisdiction for a Period of 10 years,
    • They have no substantial assets in the indicated countries,
    • They have not performed any business or similar activity in the stated jurisdictions.
  • The applicant is mandated to use the escrow accounts established at the National Bank of Dominica of which the Government is a signatory, as well as to provide the proof of payment for transfers made to the Escrow Account and the Economic Diversification Fund Account (as applicable).
  • The investor is required to provide the proof of the receipt of funds for the full investment and remitter details to match him. In the event of a third party remitting for the applicant, explanation must be provided and the KYC procedures must be performed.
  • All family members qualify for Dominica Citizenship :

The Government of Dominica has widened the definition of ‘dependent’ under Citizenship by Investment Program. Family Reunification has been facilitated through new Changes to Dominica Citizenship by Investment Program. The changes allow unqualifying dependents to be added to the application of the main applicant.

According to the new rules, it is enough to show that the main applicant or their spouse supports the child. Similarly, parents and grandparents of the main applicant or their spouse no longer are obliged to show they live with the main applicant. To qualify the parent or grandparent as an eligible dependent, it is enough to demonstrate the support they receive from the applicant or their spouse.

  • Sibling Category of Dominica CBI :

Notably, the Government introduced an outstanding ‘sibling’ category. The siblings who are 18 or older, single, and childless can now qualify for citizenship. They can be related either to the main applicant or their spouse. The new changes also allow new-born children and newly-married spouses to become citizens of Dominica – even after the main applicant receives citizenship.

 

According to the CBI Index, published by a well-known magazine, Dominica is ranked the best country to obtain citizenship by investment for three consecutive years.

 

Benefits of Applying for A Dominica Passport

  • Fast Processing time between 4-6 months,
  • Visa – free travel to over 140 countries, including United Kingdom, Russia, Hong Kong, the European Schengen States and newly added Brazil and Azerbaijan,
  • Non-mandatory business, source of Income, education, English language proficiency proof and interview,
  • Non-mandatory minimum reside,
  • Permitted dual citizenship,
  • Rewarding second citizenship to the adult children, parents, grandparents and siblings,
  • Life-time citizenship,
  • Minimal taxation _ no wealth, gift, inheritance, foreign income or capital gains tax,
  • Secrecy of bank’s system,
  • Non-mandatory conscription.
  • No force to conscription.

 

CBF’s high experienced specialists offer you professional help on different Investments and how to obtain Dominica Citizenship and Passport by Investment. We customize the best solution for you and your family based on your specific situation and requirement. To get started please contact one of our consultants in U.A.E, Denmark or Canada, and we will do our outmost to guide you through your Investment and your Dominica CBI process.

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