Regal Assets Analytics

Saturday, May 25, 2024
More

    Dominica Citizenship By Investment Benefits & Procedures

    Sections 8 and 20 of the Citizenship Act, as well as Section 101 of the national constitution, govern the operation of 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 fully 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.

    Procedures and time frame

    Applicants and dependent family members aged 16 and older are required to attend mandatory virtual interviews, via a secure platform.

    They are also required to take an oath of allegiance before an authorized notary, justice of the peace, or commissioner of oaths.

    After pledging allegiance, the application for citizenship is processed further and the citizenship certificates are duly issued.

    There is no physical residence requirement. However, the government encourages new citizens to become further involved in the economy, and substantial incentives are on offer to make increased involvement an attractive option.

    The successful applicant has the right to take up residence in Dominica at any time and for any length of time.

    Any applicant who has been denied a visa to a country with which Dominica has a visa-free travel agreement must subsequently successfully obtain a visa from that country in order to be eligible to apply.

    Applications are processed by a citizenship by investment unit, a dedicated government authority within the Ministry of Finance that is responsible for the management of the program.

    Processing times for applications is currently three months from the receipt of a fully completed application.

     

    spot_imgspot_img

    In The News

    Related Articles