Citizenship by Investment – Introduction
Dominica - Citizenship by Investment
Citizenship is a status that an individual enjoys with a nation. The country promises protection and certain levels of freedom to the citizen while the citizen fulfills certain responsibilities and duties towards the nation. Getting a citizenship status is considered one of the most privileged forms of nationality.
People who are born in a country become citizens by birth. Citizenship by naturalization is the process of moving to another country, living there for a specific period, and acquiring citizenship. Citizenship by investment is another program that allows you to enjoy dual citizenship for life by investing in the country.
This will open a plethora of opportunities to high-net-worth investors. Choosing the right country to get your second citizenship will improve your personal and financial security, open up economic conveniences, help optimize tax expenses, and make you globally mobile.
Some people opt to become citizens of another nation through investment to build communal relationships, enjoy better tolerance, experience a healthier way of living, and provide better health and education to the family.
Only a few countries globally have citizenship by investment programs, and VLinks Group will help you identify the right country that will welcome you with open arms as an investor.
Dominica
Dominica
Dominica is a Caribbean Island nation known for its mountainous terrain, tropical rain forests, and bursts of hot springs! The island is called the ‘Nature Island of the Caribbean’ and consists majorly of English-speaking communities. The economy is backed by agriculture, tourism, and international trade and finance services.
Why opt for Dominica citizenship?
- Lifelong citizenship
Dominica offers lifelong citizenship to individuals and their families with complete rights to enjoy all facilities that a native Dominican gets.
- Free to hold dual citizenships
You may hold dual citizenship without any restrictions.
- Your descendants will enjoy citizenship rights too
Once you and your family receive your Dominican citizenship, your descendants will also enjoy citizenship rights by birth.
- Minimum requirement barriers
There are no age, language, education, or business experience requirement barriers to apply and get your citizenship.
- Visa-free or visa-on-arrival access to 115+ countries
With visa-free or visa-on-arrival access, people who hold a Dominican passport can travel to 115+ countries, including countries in Europe, Singapore, Brazil, Russia, and even Hong Kong.
- Better quality of living
Dominica has one of the lowest crime records in the Caribbean region and is economically stable and supportive. It offers a healthy quality of living to its residents.
Investment Option
There are two ways you can invest in Dominica to be eligible for its citizenship by investment option.
Economic Diversification Fund (EDF)
The EDF project supports private and public projects aimed at the nation's economic development, and these projects cover education, sports, tourism, and healthcare. An individual must contribute at least USD 100,000 to be eligible to become a citizen through investment.
Below is a list of additional fee you should pay for dependent citizenship.
|
Spouse |
USD 50,000 |
|
Each additional sibling (18-25 years) |
USD 50,000 |
|
Every additional individual (not including spouse or sibling) |
USD 50,000 |
|
Family of four (not including spouse or sibling) |
USD 175,000 |
Real estate
Investors must invest in approved real estate projects for a minimum value of USD 200,000 and hold the property for at least three years. Appropriate government fees (mentioned below) will also be applicable per applicant.
|
Government Fees Description |
Fees Value in USD |
|
Per applicant |
USD 25,000 |
|
Spouse or sibling of main applicant (18-25 years) |
USD 50,000 |
|
Spouse or sibling of main applicant (less than 18 years) |
USD 25,000 |
|
Main applicant + 3 members (does not include dependent sibling) |
USD 35,000 |
|
Main applicant + 5 members (does not include dependent sibling) |
USD 50,000 |
|
Main applicant + 6 or more members (does not include dependent sibling) |
USD 70,000 |
Application process
- Start by contacting VLinks Group and explaining your interest in receiving citizenship by investment from Dominica.
- Choose the investment of choice and fill out the relevant application.
- VLinks Group consultants check the application and discuss ways of improving your chances of receiving citizenship.
- VLinks Group will submit the application on your behalf and handle queries and correspondence.
- You will need to allow The Citizenship by Investment Unit (CBIU) to make background checks.
- Once the application is approved, you need to make the investment contribution and receive your certificate of registration.
Processing time
The processing time is as fast as just 90 days. However, the processing time may vary depending on individual cases.