CBI Index votes “Dominica Best Country for Citizenship by Investment”

For the fourth consecutive year, Dominica has been ranked the best country for citizenship by investment by the CBI Index — the most prestigious study of citizenship by investment programs (CBI) in the world.

There are numerous reasons behind Dominica’s ongoing success. Praised for its optimal quality of life, fresh air, and beauty, Dominica is a fantastic destination for expats looking for a second home. In addition, the Dominica economic citizenship program offers a quick, affordable, and reliable path to acquiring a second citizenship in a tax friendly country. Dominica doesn’t charge wealth tax, gift tax, inheritance tax, or capital gains tax. Thus, this citizenship by investment program can play an important role in your global tax strategy.

In only three short months, investors and their families can obtain a Dominica passport in exchange for a minimum donation of $100,000 in Dominica’s Economic Diversification Fund, or for an investment of $200,000 in pre-approved real estate. With no stay requirements and a focus on family reunification, Dominica citizenship program undeniably offers a very appealing opportunity for dual nationality.

Requirements:

  • Be over 18 years old.
  • Have an outstanding character.
  • Have excellent health.
  • Hold no criminal record.
  • Pass a detailed background check.
  • Have a basic knowledge of English.

Investment options:

Economic Diversification Fund
The Economic Diversification Fund (EDF) is a special government fund established to receive financial contributions for funding special socio-economic projects, with the aim of driving national development.

To qualify for Dominican citizenship, citizenship by investment program applicants must make a non-refundable contribution to the EDF. The cost of the contribution is $100,000 dollars for a single applicant, $150,000 for a couple, and $175,000 for a family of up to four. Additional family members require an extra donation of $25,000 (dependent under 18) or $50,000 (dependent aged 18 or older).

Pre-approved real estate route
The Dominica real estate investment option requires main applicants to invest at least US$200,000 in government approved real estate, mostly shares in high-end tourist accommodation. The government approved real estate must be held for at least 5 years.

To find out more about the program, including timescales and fees, have a look at our Dominica Citizenship Ultimate Guide 

What other economic citizenship programs can I apply for?

Other Caribbean countries have also embraced CBI Programs, offering qualifying investors citizenship in exchange for an economic investment. The St Lucia CBI Program and the Antigua and Barbuda CBI Program, are for example, fantastic due to their affordability and fast processes. 

Whatever your needs are, Global Citizen Solutions can assist. We provide bespoke second residency and/or citizenship solutions to international families and have helped hundreds of expats secure legal residency abroad. Contact us today for more information about our programs.

Frequently Asked Questions:

Is Dominica citizenship good?

Becoming a Dominica citizen is great, and the country has a well regarded program that allows gaining a second citizenship in exchange for an investment. In 2021 the CBI Index, published by the Financial Times, for the fourth time voted Dominica “best country for citizenship by investment”.

Is Dominica a strong passport?

Yes, it is a strong passport, allowing visa free access to over 140 countries, including Europe’s Shengen area, the UK, Russia, Hong Kong, Singapore and Israel.

Where can Dominica passport holders travel visa free?

Here’s a list of countries where Dominica citizens can travel visa free or with visa on arrival:

Visa free:
Andorra, Antigua and Barbuda, Austria, Bahamas, Barbados, Belarus, Belgium, Belize, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Colombia, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Estonia, Eswatini, Fiji, Finland, France, Gambia, Germany, Greece, Grenada, Guyana, Haiti, Hong Kong, Hungary, Iceland, Ireland, Israel, Italy, Jamaica, Kenya, Kosovo, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malawi, Malaysia, Malta, Mauritius, Moldova, Monaco, Montenegro, Netherlands, North Macedonia, Norway, Palestinian Territories, Panama, Peru, Philippines, Poland, Portugal, Romania, Russian Federation, St Kitts and Nevis, St Lucia, San Marino, Serbia, Singapore, Slovakia, Slovenia, Spain, St Vincent and the Grenadines, Suriname, Sweden, Switzerland, Tanzania, Trindad and Tobago, Ukraine, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Zambia.

Visa on arrival:
Angola, Armenia, Bangladesh, Bolivia, Burundi, Cambodia, Cape Verde, Comoros, Dem. Rep. Congo, Djibouti, Egypt, Ethiopia, Gabon, Guinea, Guinea-Bissau, India, Iran, Jordan, Laos, Madagascar, Maldives, Mauritania, Mozambique, Nepal, Nicaragua, Nigeria, Palau, Papua New Guinea, Rwanda, Samoa, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Sudan, Timor-Leste, Togo, Turkey, Tuvalu, Uganda.