Dominica. The Classic Commonwealth

This tropical Caribbean island boasts lakes warmed by volcanic activity, stunning waterfalls, and lush mountains. Situated in the far eastern Caribbean, Dominica offers a perfect escape, ideal for establishing a summer retreat or permanent residence.

Dominica is actively seeking investors to help diversify its economy. The government invites investment in the Economic Diversification Fund and the real estate sector to enhance the country's value. In return, investors can obtain citizenship, which provides significant tax advantages and exceptional travel opportunities.

Benefits of Dominica Citizenship by Investment

Dominica presents an attractive option for investors aiming for a stronger passport or a tax-friendly business environment. Its passport is particularly beneficial for those looking to travel to the Schengen Area in Europe and Asia with a relatively low investment.

The citizenship by investment program in Dominica is one of the most affordable and efficient, allowing for the entire family to participate, as citizenship can extend to dependents.

Visa-Free Travel

Dominican citizenship unlocks visa-free access to over 146 countries, including the Schengen Area, China, and Hong Kong. Citizens can travel to these destinations without prior paperwork. Additionally, it provides the opportunity to apply for the B1/B2 work visa in the United States, allowing for a 10-year stay, with the potential to pursue U.S. citizenship later on.

Tax Benefits

Dominica does not impose taxes on capital gains or inheritance. However, if you reside in the country for more than 183 days a year, you will be considered a tax resident and liable for income taxes.

No Residency Requirement

The entire process for Dominica's citizenship by investment can be completed from abroad. There are no language requirements or obligations to visit the country to maintain your citizenship. Once you receive your Dominica passport, it is yours for life, with only the need to renew it periodically.

Requirements for Dominican Citizenship by Investment

To qualify for citizenship under the current regulations, applicants have two options to choose from:

Economic Development Fund Contribution:

A non-refundable contribution of USD 200,000 for a single applicant.

USD 250,000 for a main applicant with up to three qualifying dependents.

For each additional qualifying dependent under 18, a fee of USD 25,000 applies, and for each additional dependent over 18, the fee is USD 40,000.

Real Estate Investment:

Purchase property valued at a minimum of USD 200,000. This property can be sold after three years on the open market, or after five years to another investor participating in the citizenship by investment program.

Procedures and Time Frame for the Dominica Citizenship by Investment Program

Applicants and dependent family members aged 16 and older must participate in mandatory virtual interviews conducted via a secure platform and take an oath of allegiance before an authorized notary, justice of the peace, or commissioner of oaths. Following the oath, the citizenship application is processed, and citizenship certificates are issued.

There is no requirement for physical residence in Dominica, but the government encourages new citizens to engage more in the local economy, offering incentives for active participation. Successful applicants can choose to reside in Dominica at any time and for any duration. Note that applicants who have been denied a visa to any country with which Dominica has a visa-free agreement must obtain a visa from that country before applying.

Applications are managed by a dedicated citizenship by investment unit within the Ministry of Finance. Currently, the processing time for applications is about three months from receipt of a fully completed application.

Frequently Asked Questions about the Dominica Citizenship by Investment Program

What is the Dominica Citizenship by Investment Program?

This program grants citizenship to individuals and their families through significant economic contributions.

What investment options are available?

Options include contributions to the Economic Diversification Fund and real estate investments.

What are the benefits of obtaining Dominica citizenship through investment?

Benefits include visa-free travel to over 140 countries, the right to live, work, and study in Dominica, and access to a beautiful tropical environment.

What is the minimum investment required?

The minimum investment starts at USD 200,000 for real estate or a contribution to the Economic Diversification Fund.

How long does it take to process an application?

Processing time is approximately three months.

Can family members be included in the application?

Yes, the main applicant can include their spouse, dependent children, and dependent parents.

What are the residence requirements?

There are no mandatory residence requirements, but applicants are encouraged to visit and engage with the economy.

What documents are required?

Required documents include a valid passport, proof of investment, health insurance, a clean criminal record, and additional supporting documents.

What is the application process?

Applicants must select a qualifying investment, submit the application with necessary documents, and undergo a due diligence process.

Sincerely,

Giulio Cinisi

Managing Partner

SOLUNA HK LIMITED

Hong Kong | Dubai | Zurich

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