Citizenship-by-Investment Commonwealth of Dominica
Citizenship-by-Investment Commonwealth of Dominica offers different investment pathways for applicants:
- Government Fund Option
- Real Estate Option
The Commonwealth of Dominica is an island in the Lesser Antilles archipelago of the Caribbean Sea. Its capital is Roseau. Temperatures range from approximately 22C to 31C throughout the year. The United Nations estimates that the population is 73,925 in 2017. English is the official language.
Citizenship-by-investment in the Commonwealth of Dominica offers visa free travels to 119 countries.
Citizenship-by-Investment through the Government Fund Option
This citizenship-by investment pathway requires the applicant to make a contribution to a specified government fund.
As at August 2017, the required contributions were as follows:
- US $100,000 for single applicant
- US $175,000 for main applicant and spouse
- US $200,00 for up to three dependents (plus US $50,000 for each dependent thereafter)
Citizenship-by-Investment through the Real Estate Option
This citizenship-by investment pathway requires the applicant to invest in approved real estate in the Commonwealth of Dominica to the value of at least US $200,000. The property may be eligible for re-sale after 5 years.
Procedure and Timeframes
Government processing fees for citizenship-by-investment on The Commonwealth of Dominica are between US $50,000 – $100,000 depending on the number of applicants apply. Timframes are approximately 8-12 weeks. There are also governmental due diligence requirements.
Key advantages of Citizenship-by-Investment
- No tax except personal tax if residing in the country
- No prior residency requirements
- Family members can be included
- Visa-free travel to numerous countries with this passport
About the Commonwealth of Dominica
Primary language: English
Total land size: 289.5 square miles
Currency: East Caribbean dollar
Government: Unitary parliamentary republic
Economy: Tourism and Agriculture
Nominal GDP: $7,362 per capita
Temperatures: 25C to 28C
Dominica as the “Nature Isle of the Caribbean” is the northernmost of the Windward Islands and especially suitable as a migration destination for nature lovers and divers. There are not a lot of beaches, but hot springs, the rainforests with a lot of rare animals and plants, waterfalls, lakes, mountains as well as 365 rivers turn it into an interesting and beautiful destination. There is even the world’s second largest hot spring (Boiling Lake). One of the tropical forests there (Morne Trois Pitons National Park) is an UNESCO World Heritage site. Scuba divers especially like the volcanic nature and coral reefs of Dominica. And it is a great place for whale-watching, too.
Parts of the Pirates of the Caribbean films were filmed in Dominica.
The island’s area is 750 km2 and there are 74.133 (January 2018) people living in Dominica. The capital Roseau as well as Portsmouth are the most inhabited areas. Dominica is located in the middle between Martinique and the French islands of Guadeloupe and can be reached via two regional airports. The island republic gained independence in 1978.
Dominica’s name has its origin in the Latin word for “Sunday” because it is said that Columbus has passed Dominica on a Sunday.
Agriculture and tourism are the main economic sectors. In 2003/2004, Dominica almost had a financial crisis, but afterwards its economy grew and the government was praised by the International Monetary Fund for its macroeconomic reforms.
The Caribbean Basin Initiative grants duty-free entry into the US for many goods. And Dominica is supposed to offer tax-freedom to companies that locate from other countries. The Commonwealth of Dominica is developing into a major international financial centre.
The official language is English, but the French also had their impact on the country and so also Dominican Creole French and Antillean Creole are widely spoken. Beside of these, there are a few other dialects.
Most of the people living on the island are of African descent, but it is getting a more and more mixed population. The remaining Caribs (a native tribe) live on the east coast on their own 15 km2 territory with their own chief.
Dominica belongs to the Commonwealth of Nations and it’s a parliamentary democracy.
There is a state college on the island and the Ross University medical school as well as the All Saints University School of Medicine. Some students study at universities in Cuba with scholarships from the government.