Immigration to the Caribbean country is the best option. The establishment of Dominica’s Economic Citizenship program was done in 1993. It legally offers second citizenship to individuals and families. It provides the passport to the applicant in four to six months without visiting the country. 

The Caribbean nation provides visa-free travel to over 115 countries worldwide, including the European Union, and has an excellent international reputation. 

You can avail of Dominica citizenship by investment. After availing the citizenship through investment, you have been eligible to live, study and work in the country. We will briefly discuss all the information in this piece; for more information about Dominica citizenship by investment, you can review on Global Residence Index. 

Dominica Citizenship by Investment Program

As mentioned above, the investment program was established in 1993, after the establishment program was named as CBI program. The CBI Index has ranked it the number-one CBI initiative for five consecutive years. 

The PWM magazines publish the ranking system. The CBI program focuses on quality and integrity and only accepts applicants with precise and repetitive character. Credible persons who have excellent standing are granted passports and citizenship. 

A person’s performance is checked with all diligence on the record of applicants 16 years of age or more than that. Dominica’s investment program offers political and economic safety and security with quality of life. This country has a low crime rate and rich investment opportunities. 

What is the CBI Program?

Citizenship by investment, also known as CBI programs, will be an excellent option. The CBI program is a government-approved initiative through which citizens can obtain a second citizenship and passport by investing in the country’s economy. With stable political and economic environments and a favorable tax regime, governments usually provide these programs.

Investors have many benefits and advantages, including Business opportunities, Visa-free travel, Personal security, and Tax benefits. With some of the edges, it also contains some disadvantages, including high costs, limited investment options, reputation risk, and residency requirements. 

Investments in Dominica

Since 1993, the Commonwealth of Dominica has started to provide citizenship through investment programs. It offers visa-free travel to over 145 countries and settlement in other countries. You can invest a minimum of 200000 USD in real estate, which can be resold after three years. 

While other investments may be cheaper, one of them is the Dominica Economy Diversification Fund. The investment made in the Dominica Economy Diversification Fund is non-refundable, but it is beneficial for the country’s residents. 

The investment fees the applicant gives vary according to the People they bring to the country, such as their spouse or any dependents. The list has been mentioned below.

Real Estate

• Principal applicant: 25,000 USD

• Principal applicant and spouse: 10,000 USD

• Up to 3 dependants: 35,000 USD

• Up to 5 dependants: 50,000 USD

• Additional dependants: 25,000 USD

Dominica Economy Diversification Fund

• Principal applicant: 100,000 USD

• Principal applicant and spouse: 150,000 USD

• Up to 3 dependants: 175,000 USD

• Additional dependants under 18: 25,000 USD

• Additional dependants aged 18 or above 50,000 USD

Benefits of Dominica’s Citizenship by Investment

As well as with advantages Dominica citizenship also provides you with several benefits, which we will discuss in more detail in this section. Let’s go through it. 

• It gives the right to live, study and work to the applicants and their family members. 

• It allows the applicants to pass the residential permit to the upcoming generations. 

• It allows holding dual citizenship.

• It provides ultimate emergency backups. 

• It provides political and economic diversification. 

• It provides effortless travel all over the world. 

The application process for Dominica

To immigrate to Dominica through an investment program, you must follow some application procedures. First, fill up the application with all the required information and submit it. After the submission, your application will be processed by the Citizenship by Investment Unit. 

The application will also undergo internal and external due diligence checks for approval. After the approval, you must invest in real estate, which the government approves, or you can contribute the funds to the Economic Diversification Fund. 

After all these processes, a certificate of naturalization will be issued to you, and finally, the process of passport application is done, you will receive your passport. 

Applying for citizenship in Dominica by investment will also include the government process fees. The fees amount you need to know according to the per applicant is mentioned below.

• Processing fees: 1000 USD

• Naturalization fees: 250 USD

• Passport fees: 60 USD

• Stamp fees in some cases: 15 USD

• Additional costs: 1200 USD

The applicant will also have to pay some fees for the deep diligence background check. It varies according to the person you take with you to the country. The cost amount you need to know is mentioned below.

• Main applicant: 7500 USD

• Spouse: 7500 USD

• Dependants of 16+: 4000 USD each

• Dependants between 12 – 16: 2000 USD each

• Dependants under the age of 12: Free

Conclusion

In conclusion, Immigration to Dominica through an investment program is a great option for you and your family. This program consumes a minimum time to issue the passport to the investor. Through this program, you can live, work and study in Dominica. 

This program is extra beneficial for your children because it allows them to study in an international school or university. This program will allow your children to pursue their dream careers and explore new countries through visa-free travel. 

This article will help you to make an informed decision with lots of information gathering.