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Sunday, December 10, 2023

Dominica Citizenship By Investment Benefits And Requirements

The weather in Dominica is pleasant, especially during the colder months of December through March.

Because of the essentially nonexistent crime rate in the nation, visitors have referred to Dominicans as the kindest people in the Caribbean.

A mere 25% of the island is farmed due to its hilly topography; yet, the abundant soil yields high-quality crops for both local and foreign markets.

Organic farming is highly recommended and holds significant economic advantages.

In order to strengthen the nation’s economy, which is mostly focused on agricultural, the citizenship by investment program was started in 1993.

The country’s economy currently mostly depends on tourism as a result of recent developments and rising real estate investments.

Approximately 3,000 of the 74,000 individuals who call the 750 km2 island home are the only remaining native Carib people in the Caribbean.

Dominica uses the Eastern Caribbean dollar, which is fixed to the US dollar, and claims an essentially nonexistent crime rate.

Operating under sections 8 and 20 of the Citizenship Act, as well as section 101 of the national constitution, is the Dominica Citizenship by Investment Program.

The program encourages economic investment in Dominica while enabling the government to award citizenship to those who meet specific requirements and policy standards.

Benefits of the Dominica Citizenship by Investment Program

  • Visa-free or visa-on-arrival travel to over 140 destinations worldwide
  • Ability to include a spouse, unmarried children under 31 who are substantially dependent on the main applicant, and parents and grandparents aged 65 and older, as well as to add dependents after citizenship has been granted to the main applicant
  • Citizenship by descent available for future generations
  • Right to live, work, and study in Dominica
  • No restrictions on dual citizenship in Dominica
  • No minimum stay required

Requirements of Dominican citizenship by investment

To qualify for citizenship under the current regulations, single applicants may choose from one of two options:

  • A non-refundable contribution to the Economic Development Fund of USD 100,000
  • An investment in an approved real estate development with a minimum value of USD 200,000

Procedure & Time Frame

A secure platform will be used for the necessary virtual interviews, which applicants and dependent family members 16 years of age and older must attend.

It is also necessary for them to swear loyalty in front of a commissioner of oaths, justice of the peace, or authorized notary.

Pledges of allegiance are followed by additional processing of the citizenship application and the proper issuance of citizenship certificates.

There is no need for a physical address. Nonetheless, the government actively encourages newcomers to engage in the economy more, and significant incentives are provided to make doing so a desirable choice.

The chosen candidate is free to move to Dominica whenever they want and for whatever long they want.

To be eligible to apply, a candidate who has been refused a visa to a nation with which Dominica has a visa-free travel agreement must thereafter successfully obtain a visa from that nation.

The Ministry of Finance’s citizenship by investment unit, a specialized government agency in charge of program administration, handles application processing.

Currently, applications must be processed within three months of the whole application being received.



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