If you are a global citizen considering a second citizenship, then Dominica, the “Nature Island of the Caribbean,” may have the right investment program for you. Thanks to their Citizenship by Investment Program, you and your family can receive Dominica passports in less than six months, in exchange for making an investment in the country.
To become a Dominica citizen, you must choose one of two investment routes: make a donation starting at $100,000 to the Economic Development Fund, or invest a minimum of $200,000 in government-approved real estate developments, such as luxury resorts and condominiums.
A Caribbean passport by investment may be a great option for you if:
- Your current passport allows for limited global mobility. With a Dominica passport, you can have visa-free access to over 140 countries, including the European Union, the UK, Hong Kong, Singapore, Russia, and China.
- You are considering diversifying your assets and looking for a place where you can enjoy a number of tax breaks. In Dominica, there is no income tax on worldwide income, no capital gains tax, and no inheritance tax.
- You want to invest in high-end tourist real estate and benefit from the thriving tourism industry in the Caribbean.
- You are looking for a Plan B for yourself and your family. A second citizenship offers alternatives in instances of global instability.
- You are making plans to retire in a peaceful, sunny paradise. With Dominica citizenship, you and your family are allowed to live in any of the 15 member states of the Caribbean Community (Caricom).
What is Citizenship by Investment?
Citizenship by investment programs, also sometimes referred to as economic citizenship or golden visa programs, offer foreign investors the opportunity to receive citizenship of a country in exchange for an economic contribution to the nation’s development, usually in the form of either a donation to fund government projects or the purchase of real estate.
Some countries offer additional investment routes such as government bonds, contributions to educational institutions, or the creation of business enterprises. Citizenship can be extended to family members and is valid for life, passing down to future generations.
During the application, all documentation provided will go through the due diligence process. This is a vital step in a CBI application, as it means the documents and information will be checked to confirm the identity, financial profile, and security profile of the applicant, as well as all family members aged 16 or over. A solid due diligence process is crucial to guarantee the credibility (and longevity) of an investment citizenship program.