Dominica Citizenship for a Brighter Tomorrow

Introducing Dominica Citizenship By Investment

The Dominica Citizenship by Investment program does not come up often in everyday conversation. Fortunately for me – they advertise! One morning in 2014 I was on the beach in Dubai reading the Financial Times newspaper when an insert fell out. It was an advertisement that highlighted the “Commonwealth of Dominica – Citizenship by Investment Program”.

Upon further investigation the I discovered the Dominica citizenship cost and benefits surpassed other countries by a large margin. What follows below is an overview of Dominica citizenship by investment program.

Where is Commonwealth of Dominica?

Dominica citizenship by investment Area Map

Geographically speaking, the Commonwealth of Dominica is located in the Lesser Antilles Island chain in the Caribbean Sea. Dominica serves as the exact mid point between the Windward Antilles (south of Dominica) and the Leeward Antilles (north of Dominica).

Basic Facts About Dominica

Capital City of Dominica: Roseau
Island Population: 72,000 (2014)
Total Size: 750 sq kilometers/290 sq miles
Gross Domestic Product: Approximately $516 Million
Spoken Language: English is the official language plus French Creole is also spoken
Government: Unitary Parliamentary Republic
Currency: East Caribbean Dollar

Environmental Dominica Citizenship Benefits

Rain forests and waterfalls: Dominica citizenship holders will enjoy the verdant natural environment on the island. The tropical rain forests provide a lush green foliage that is the envy of all nature enthusiasts. Many plants which are believed to be extinct on neighboring islands can still be found here!

As a result, the Commonwealth of Dominica is also known as the “Nature Island”. Indeed, there are over 40 hiking trails that wind through the beautiful rain forests. Additionally, there are 360 fresh water rivers that flow on the island! These rivers include many towering waterfalls located in the mountainous interior.

Commonwealth of Dominica Rainforest Waterfalls

Unique amazing wildlife: Dominica has its own resident population of Sperm Whales and is the only known habitat in the world of the Sisserou Parrot. The colorful Sisserou Parrot is also the national bird and it is on the national flag. Furthermore, four of the world’s seven species of sea turtle regularly visit Dominica. These rare turtle species include giant leatherbacks, loggerheads, hawksbills and the green sea turtles.

Dominica wildlife

Volcanic Wonderland: Dominica is one of the youngest islands in the Lesser Antilles and therefore it has 9 potentially active volcanoes. As a result, Dominica has mostly black sand beaches. Plus, there are many hot springs including the 2nd largest hot spring in the world “Boiling Lake”.

What are the Dominica Citizenship Benefits?

Renunciation: You cannot renounce US citizenship unless you have a second passport. Therefore, you must have a valid 2nd passport or the US government will not let you leave. However, if you do not intend to renounce right away then rest assured that both the US and Dominica permit dual citizenship.

Foreign Banking: It is increasingly difficult (sometimes impossible) to open a foreign bank account with a US passport. Sometimes, even if you have a second passport you still cannot open a foreign bank account if you are also a US citizen. Out of necessity you may need to eventually renounce even if you don’t want to (it is best to be prepared). As such Dominica dual citizenship is an effective low cost option.

Authentic Dominica Passport

Authentic Dominica Passport

Personal Safety: It is increasingly dangerous to travel with a US passport. There is a growing list of nationalities that may have good reason to do you harm. Additionally, it may be beneficial if you do not need to disclose you are a US citizen when entering business or rental contracts outside the US.

Business Opportunity: Unfortunately, as a citizen of the US or Western Europe there are many thousands of business opportunities that must be passed on.

If so, you cannot do business with citizens of Russia, Ukraine, countries in Africa, the Middle East and Asia. Being a legit business person who honors commitments to customers and business partners is not contingent on what color your passport is.

Financial Security: Donald Trump, the new US president elect has 4 bankruptcies in his “business” history. Additionally, Wilbur Ross (a bankruptcy specialist) was recently appointed as US Secretary of Commerce. Mr. Ross is a legit billionaire unlike Mr. Trump, however don’t lose sight of the fact that he is a bankruptcy specialist nonetheless. Thus, he made his billions using leverage to buy out bankrupt companies and turned them around.

Why should this concern you? The US debt load is unsustainable which Trump acknowledged repeatedly in his campaign. Therefore, it is completely conceivable that there could be a Cyprus type event in the US. Don’t forget, all it takes is an act of congress and your assets can be seized.

Dominica Citizenship Benefits

Dominica Citizenship Cost: The Dominica citizenship cost is among the lowest in the world. Additionally, the price includes a constitutionally valid passport which is part of a time tested program that has been established since 1993. This is a 100% legal second passport program that is fully authorized by Section 101 of the Dominica Constitution and Sections 8 and 20 (1) of The Citizenship Act.

Privacy: The application is completely confidential.

No Residency Requirements: Although Dominica is a very beautiful island, there is no requirement to ever visit the island or to reside there in order to retain citizenship.

Excellent Visa Free Travel: The list of Commonwealth of Dominica passport visa free countries is very long! As a result, Dominica citizenship holders have visa free access to 135 countries including all of the EU, UK, Ireland, all of the Caribbean and Commonwealth countries plus Hong Kong, Singapore and much more. The list continues to get longer as time goes by.

dominica passport visa free countries

Low Tax Liability: Dominica imposes no tax on international revenue, wealth taxes or inheritance tax. Additionally, international companies can register and incorporate in Dominica and pay no tax on international revenues.

Mandatory Interview Is Waived: In the past the Dominican authorities had required a mandatory in person interview as part of the application process. To satisfy the requirement the applicant would have to travel to Dominica or as an alternative, pay the travel costs for the 3 interviewers to travel to a more suitable location. Fortunately, this requirement has now been waived and it is only required if it is deemed necessary for the application approval. That being said, after they waived the interview requirement, it has not been required for any of our applicants.

The list of benefits for obtaining a second passport can vary widely from person to person. Therefore, it really is somewhat vain to try and list all of them here. Furthermore, individuals who have visited this web page and read this far down are most likely predisposed to become an expatriate based on their own personal circumstances. As a result it is time to discuss the matter of how to acquire the new passport and the Dominica passport cost.

Programs To Acquire Dominica Citizenship:

Government Investment Fund

The Commonwealth of Dominica initiated the citizenship by investment program in 1993 in order to stimulate economic growth on the island. As a result, the government fund option has been a staple of the Dominica citizenship by investment program since inception.

The program requires the investor to contribute a non refundable investment to the government fund to satisfy the Dominica citizenship cost. In turn, the proceeds are used to fund community development projects on the island. These projects include new schools, medical clinics and economic development initiatives – especially in the field of tourism.

There are 4 categories of the investment fund program with different cost requirement levels. The amount of the Dominica citizenship cost will depend on the number of dependents included on the application.

4 Investment Fund Categories:

  1. Single Applicant – the contribution amount to the government investment fund is currently $100,000 non-refundable.
  2. Main Applicant + Spouse – this category requires a non refundable investment of $175,000
  3. Main Applicant + Maximum 3 Dependents – this requires a non refundable investment of $200,000
  4. Main Applicant + 4 Dependents or more – non refundable contribution of $200,000 plus $50,000 for each additional dependent.

Sample Application (USD) Cost Breakdown:

INVESTMENT AMOUNT (USD)
________________________________________________

Family of 4 with 2 children (11 years and under)

Contribution:                                    $200,000
Due Diligence Investor:                     $7500
Due Diligence Spouse:                       $7500
Processing Fee Per App:                     $3000
Certificate of Naturalization:               $3000 ($750 per person)
Expedited Passport Issue Fee:            $4800 ($1200 per person)
________________________________________________
Total Investment: 
                                     $225,800*

*Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.

The Process of Approval:

  1. First the applicant signs the New Passport Pro professional service agreement. In addition, the citizenship application form is completed and checked by our legal team and the local Dominica agent.
  2. The investor pays the due diligence fees and the processing fees in full and the application is submitted to the Dominica Citizenship by Investment Unit.
  3. Next, the period of due diligence background check starts to run and will usually take 60-90 days. If an interview is required then the applicant will be asked to come to Dominica to attend. However, if this is not possible then for a fee of $3000 the 3 interviewing officers will travel to the chosen place.
  4. The Dominica Citizenship by Investment Unit issues the letter of approval in principle and the investor then transfers the remaining investment funds and all remaining fees to the designated citizenship account of the government.
  5. The certificate of naturalization is submitted to the immigration department in addition to the supporting documents and the passport application.
  6. The passport is issued and delivered to the investor.

**See disclaimer at the bottom of the page.

Dominica Citizenship Real Estate Investment Option:

In an effort to further encourage Dominica’s tourism industry, the government has added the real estate purchase option. As such the purchase price can be credited towards the Dominica citizenship cost. In addition, you will get the same Dominica citizenship benefits as the other funding option. Accordingly, the government has approved some attractive real estate investment opportunities on the island that qualify under this program.

Dominica Real Estate

At the present time these developments include the Cambrits Resort Kempinski and also Tranquility Beach. These qualified real estate developments (plus photos) are described in more detail in our flyer.

To qualify for the real estate investment option the investor must purchase qualified real estate for a minimum of $200,000. If so, the investor has the option of selling the real estate after a minimum of a 3 year holding period. Additionally, the applicant can live at the property or possibly rent it out in accordance with all development regulations and restrictions.

Sample Application (USD) Cost Breakdown:

INVESTMENT AMOUNT (USD)
__________________________________________________
Family of 4 with 2 children (11 years and under)

Real Estate Investment:                     $200,000
Government Fee Investor:                  $50,000***
Government Fee Spouse:                   $25,000***
Government Fee Children:                  $0 (2 children under 17)***

Due Diligence Investor:                      $7500
Due Diligence Spouse:                        $7500

Processing Fee Per App:                     $3000
Certificate of Naturalization:               $3000 ($750 per person)
Expedited Passport Issue Fee:             $4800 ($1200 per person)
___________________________________________________
Total Investment:                                      $300,800*

*Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application. Additionally, legal and escrow fees run 1-2% on real estate transactions.

** See the disclaimer at bottom of the page.

*** Real Estate Program Only – Government fees for large families have been adjusted effective December 6, 2016 as follows: a) for families of up to 4/main applicant + 3 dependents the total government fees are now $75,000 or b) For families of up to 6/main applicant + 5 dependents the total government fees are now $100,000.

The Process of Approval:

  1. The applicant signs and completes the New Passport Pro professional agreement and also signs the purchase and sale agreement with the real estate developer. The application forms are signed and checked by our legal team and the local Dominica agent.
  2. The investor pays his processing and due diligence fees in full. In addition, the investor submits the down payment to reserve their interest in real estate.
  3. Next the period of due diligence background check starts to run and will usually take approximately 60-90 days. If an interview is required then the applicant will be asked to come to Dominica to attend. However, if this is not possible then for a fee of $3000 the 3 interviewing officers will travel to the chosen place.
  4. The Dominica Citizenship by Investment Unit issues the letter of approval in principle and the investor then transfers the remaining investment funds to the real estate developer plus all remaining fees to the designated citizenship account of the government.
  5. The certificate of naturalization is submitted to the immigration department in addition to the supporting documents and the passport application.
  6. The passport is issued and delivered to the investor.

Dominica Citizenship By Investment Modifications (12/06/2016)

  1. Fee for Newborns: After citizenship is granted, the investment fee for a newborn is now $2000 provided the child of the successful applicant is <5 years of age and was born after citizenship was granted. If so, they can be registered as a Dominica citizen for additional investment of $2000.
  2. Age for Dependent Children: The age limitation for dependent children of the main applicant has been increased to 28 years if a) the child of the main applicant or their spouse age 18-28, after their 18th birthday was in full time attendance of a recognized institution of higher learning and is fully supported by the main applicant or b) the unmarried daughter of the main applicant is fully supported by and living with the main applicant
  3. Age for Dependent Parents: The minimum age of dependent parents/grandparents of the main applicant or their spouse has been decreased to 55 years if they are fully supported by the main applicant and living with the main applicant.
  4. Fees for Large Family (Real Estate Program Only): The real estate purchase program government fees have been adjusted for large families as follows a) for families of up to 4/main applicant + 3 dependents the total government fees are now $75,000 or b) For families of up to 6/main applicant + 5 dependents the total government fees are now $100,000.

Disclaimer

**The completed application will require significant supplemental documentation. This list includes but is not limited to personal and professional references, criminal history background check, complete medical exam including blood tests. Plus business history, original birth certificates, social security cards, passport, income and asset verification, bank references, residence history and more. Please see the complete list of required documents made available on this website for further clarification. The government reserves the right to request additional documentation should it be deemed necessary – at their sole discretion.

Additionally, it is absolutely imperative that all applicants and dependents are 100% honest during the entire application and approval process. If it was discovered that there was incorrect information submitted in order to qualify for citizenship your application can be rejected outright and no refund will be given for the Dominica passport cost you incurred. In addition, subsequent to the Dominica passport being issued it can be revoked if it is determined that false information was submitted by the applicant during the application process. If so, no Dominica citizenship cost will be refunded nor will any Dominica citizenship benefits be retained by the applicant(s).

Information pertaining to the application requirements and fees is subject to change due to program adjustments or official legislation. Therefore, New Passport Pro shall not be held responsible for any of the above information.

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