Consider Dominica as a 2nd Citizenship Option

Modern immigrants are facing different challenges than the original Europeans that landed on Plymouth Rock in 1620. The originals were seeking more freedom and new world immigrants are running away from too much freedom. What ever the reason, modern age immigrants need to acquire second citizenship before permanently embarking. Fortunately, there are many options available today that suit different needs.

One option for new world immigrants is the Commonwealth of Dominica. This tropical island paradise is located in the Windward Islands of the Lesser Antilles archipelago in the Caribbean Sea. Similar to many of its island neighbors, Dominica offers an economic citizenship program.

Benefits of Dominica Citizenship

  1. Visa free travel in 115 countries including Schengen Area
  2. It is not necessary to reside in Dominica before or after obtaining citizenship
  3. No capital gains or foreign income tax
  4. You will have the right to live AND work in Dominica
  5. All of the Caribbean Islands have excellent fishing
  6. Dominica is a tropical paradise with amazingly unique flora and fauna

The Best Value Option

The Commonwealth of Dominica offers both a real estate investment option and also a Government Fund Contribution Option. The Government Fund Investment involves a preset one time investment amount which will be used for community development on the island. The amount will depend on the number of applicants e.g. spouse and/or dependents of the main applicant.

The real estate investment alternative will require the purchase of government approved real estate. The lucky applicant will get to live in luxury on what is essentially a resort. This is very similar to other Caribbean Island citizenship programs.

One main factor that sets the Dominica citizenship program apart is that it is currently the lowest priced Caribbean citizenship program. Indeed, the other Caribbean programs have a much higher minimum entry price requirement. However, if you don’t plan to live in the Caribbean then Dominica citizenship provides many of the same benefits for a much lower cost! Last but not least, Dominica is projecting a price increase to take effect in August 2017 that will see the price almost double for the Government Fund applicants and possibly the real estate applicants also.

Applicants should expect additional expenses because they will need to hire a Citizenship by Investment Unit (CBIU) approved advisor to represent them. For single applicants this additional cost currently runs as high as 25-30% of the required investment minimum.

Additional Requirements:

  1. Complete criminal background checks e.g. FBI and local criminal history or foreign equivalent
  2. Personal and Professional references with minimum 3-5 year history
  3. Family history
  4. 10 year residential history including current residence verification
  5. 10 year employment history
  6. Applicants complete legal history e.g. contractual, probate resolved by the courts must be fully disclosed including case numbers, judgements and dates
  7. Complete health exam including HIV, blood and drug tests
  8. Personal reasons for desiring second citizenship
  9. Oath of Allegiance to the Commonwealth of Dominica
  10. CBIU Verification of Investment Funds

All of the application forms and documentation must be in order and properly submitted to the CBIU. Additionally, although the bulk amount of the investment is not due until final approval is received from the CBIU, your liaison will require a significant down payment to begin processing your application.

Additional Benefits

The Caribbean Islands have some of the greatest fishing opportunities in the world. However, you don’t even need a boat. Of course there is the option of hiring charters to go fishing offshore, although the best fishing is often available right off the shoreline. Jacks, Tarpon and Barracuda are some of the many tropical fish species that can be caught by local fisherman.

Additionally, Dominica is the only habitat on earth where the Sisserou Parrot still exists. This endangered species is an echo of the now extinct Dodo bird that used to live on the other side of the world on Mauritius.

The Commonwealth of Dominica has a mountainous topography and boasts geothermal phenomenon such as the world’s second largest hot spring called the “Boiling Lake”.

Last but not least – don’t forget to go to the beach!

 

Additional resources:

https://en.wikipedia.org/wiki/Dominica
http://cbiu.gov.dm/citizenship/benefits/
https://en.wikipedia.org/wiki/Imperial_amazon