Dominica Citizenship by Investment

$100,000.00

Approval: 2-3 months
No Tax: International Income
Visa Free: 137+ countries
Investment: Donation, Real Estate

Acquiring new citizenship is potentially very expensive and time consuming. Therefore, proper due diligence includes a needs based cost analysis. After cross checking the benefits of Dominica citizenship by investment against competing countries, I became a successful applicant under the program in 2015. Most certainly, Dominica economic citizenship is one of the most cost competitive options available for individual applicants (such as myself) and also large families (real estate option). Additionally, it is a well managed and time tested program that was first established in 1993.

Indeed, if you do not intend to reside in Dominica, this passport gives you benefits which are better than more expensive Caribbean programs. However, if you do intend to visit the island, their real estate investment option is extraordinary! I have outlined the Dominica economic citizenship program benefits, costs and approval process below.

  1. Personal and Professional Benefits
  2. Dominica’s Competitive Advantages
  3. Economic Diversification Fund
  4. Real Estate Investment Option

Basic Facts About Dominica

Dominica Location Map of Caribbean

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).

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

Dominica’s Beautiful Flora and Fauna

  1. Rain Forests: 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! Also known as the “Nature Island”, Dominica has over 40 hiking trails and 360 fresh water rivers.
  2. Unique Wildlife: Dominica has its own resident population of Sperm Whales and is the only known habitat of the sisserou parrot. Furthermore, four of the world’s seven species of sea turtle regularly visit Dominica.
  3. Geothermal Hot Springs: There are many hot springs including the 2nd largest hot spring in the world “Boiling Lake”.
Dominica wildlife

Leatherback Turtle

Dominica Rainforest Waterfalls

Beautiful waterfalls and rain forests on the island of Dominica.


Top Benefits of Dominica Economic Citizenship

  1. Foreign Banking: It is increasingly difficult (sometimes impossible) to open a foreign bank account with a US passport. Indeed, compliance with FATCA regulations is strangling the global financial system. A second passport can provide a temporary solution, but FATCA reporting is still required. However, a second passport provides the option to renounce US citizenship.
  2. Personal Safety: Your country of origin may enforce foreign policy that makes it dangerous for travelers in certain countries. As a result, there is a growing list of nationalities that may have good reason to do you harm. A second passport from a neutral country such as Dominica provides protection from retribution.
  3. Business Opportunities: Unfortunately, the foreign policy and banking regulations of your country of origin may force you to bypass legitimate business opportunities. If you want to do business in Russia, China and the Middle East – a Dominica passport will protect your interests.
  4. Privacy: The application is completely confidential.

Dominica Economic Citizenship Program Advantages

  1. Dominica Citizenship Cost: The Dominica citizenship by investment cost is among the lowest in the world. Additionally, it is a stable time tested option being established since 1993.
  2. Dominica’s Legal System: Dominica’s legal system is based on English Common Law.
  3. Constitutionally Legitimate: Dominica economic citizenship 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.
  4. No Residency Requirements: There is no requirement to ever visit the island or to reside there in order to retain citizenship.
  5. Low Tax Liability: Dominica imposes no tax on personal or business income that originates from overseas, including wealth taxes or inheritance tax.
  6. No Mandatory Interview: This requirement has been waived and it is only required under exceptional circumstances.
  7. Excellent Visa Free Travel: The Dominica passport visa free countries list is very competitive. As a result, Dominica economic citizenship recipients have visa free access to 137 countries including all of the EU, UK, Russia, Brazil, the Caribbean and Commonwealth countries plus Hong Kong, Singapore and much more.

Dominica Passport Visa Free Countries List 2020

Andorra, Antigua and Barbuda, Argentina, Armenia [visa on arrival], Austria, Bahamas, Bahrain [E-visa], Barbados, Belarus, Belgium, Belize, Benin [E-visa, visa on arrival], Bolivia [visa on arrival], Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Cambodia [E-visa, visa on arrival], Cape Verde [visa on arrival], Columbia, Comoros [visa on arrival], Costa Rica, Cote de’Voire [visa on arrival], Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti [E-visa], Dominican Republic, Ecuador, Egypt [visa on arrival], Estonia, Eswatini (Swaziland), Ethiopia [E-visa], Fiji, Finland, France, Gabon [E-visa], Gambia, Georgia [E-visa], Germany, Greece, Grenada, Guinea-Bissau [visa on arrival], Guyana, Haiti, Hungary, Iceland, India [E-visa], Indonesia, Iran [visa on arrival], Ireland, Israel, Italy, Jamaica, Jordan [visa on arrival], Kenya, South Korea, Kyrgyzstan [E-visa], Laos [E-visa, visa on arrival], Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Madagascar [E-visa, Visa on arrival], Malawi, Malaysia, Maldives [visa on arrival], Malta, Mauritania [visa on arrival], Mauritius, Micronesia, Moldova, Monaco, Montenegro, Mozambique [visa on arrival], Nepal [visa on arrival], Netherlands, Nicaragua [visa on arrival], Norway, Pakistan [online visa], Palau [visa on arrival], Panama, Peru, Philippines, Poland, Portugal, Qatar [E-visa], Romania, Russia, Rwanda [E-visa, visa on arrival, St Kitts and Nevis, St Lucia, St Vincent & the Grenadines, Samoa [entry permit on arrival], San Marino, São Tomé and Príncipe [E-visa], Senegal [visa on arrival], Serbia, Seychelles [visitor’s permit on arrival], Sierra Leone [visa on arrival], Singapore, Slovakia, Slovenia, Solomon Islands [visitor’s permit on arrival], Somalia [visa on arrival], Spain, Sri Lanka [E-visa], Suriname, Sweden, Switzerland, Tajikistan [visa on arrival], Tanzania, Timor-Leste [visa on arrival, Togo [visa on arrival], Tonga [visa on arrival], Trinidad and Tobago, Turkey [E-visa], Tuvalu [visa on arrival], Uganda [visa on arrival], Ukraine, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Zambia

RESTRICTED OR DISPUTED TERRITORIES

Kosovo, Northern Cyprus, Palestine, South Ossetia, Taiwan [E-visa], Transnistria

DEPENDENT OR AUTONOMOUS TERRITORIES

Anguilla, Akrotiri and Dhekelia, Aruba, Ascension Island [E-visa], Bermuda, British Virgin Islands, Caribbean Netherlands, Cayman Islands, Cook Islands, Curacao, Faroe Islands, French Guiana, French Polynesia, French West Indies, Gibraltar, Greenland, Hong Kong, Macau, Mayotte, New Caledonia, Niue, Montserrat, Pitcairn, Reunion, St Pierre and Miquelon, Sint Maarten, Turks and Caicos Islands, Wallis and Futuna


Dominica Restricted Nationalities List

Dominica economic citizenship does not preclude any nationalities from applying. However, nationals from the following countries will be treated on a case by case basis:

  • Afghanistan
  • Chechnya
  • Iraq
  • Pakistan
  • São Tomé and Príncipe
  • Saudi Arabia
  • Somalia
  • Turkmenistan
  • Uzbekistan
  • Yemen

However, nationals from the following countries:

  • Iran
  • North Korea
  • Sudan

Will only be considered if such persons

  1. have not lived in these countries for the last 10 years
  2. have no substantial assets there and
  3. are not performing and have not performed any business or similar activity, in whole or in part in or with these countries.

Dominica Economic Diversification Fund

The Dominica citizenship by investment program was initiated in 1993 in order to stimulate economic growth on the island. The Dominica program requires the applicant to contribute a non refundable investment to the Economic Diversification Fund (EDF). As a result, the Dominica economic citizenship proceeds can be used to fund community development projects on the island such as new schools, medical clinics, tourism and infrastructure.

Sample Application (USD) Cost Breakdown:

Program Fees
Single Applicant Main Applicant + Spouse Family of Four
Contribution to EDF $100,000 $175,000 $200,000
Government Processing Fee $1,000 $1,000 $1,000
Due Diligence Fees** $7,500 $11,500 $11,500
Certificate of Naturalization $250 $500 $1,000
Passports $1,200 $2,400 $4,800
Sub-Total $109,950* $190,400* $218,300*

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

**Due Diligence Fees: Main Applicant $7,500, Spouse $4,000, Dependents >16 years old $4,000, Dependents <16 years old $0

Additional Applicants: For each additional qualifying dependent other than the spouse a non-refundable contribution of USD $25,000 is required.


The Dominica EDF Approval Process:

  1. First the applicant signs the New Passport Pro professional service agreement and submits a portion of the professional fees. In addition, the citizenship application forms are completed and supporting documents collected. The application package is checked by our legal team.
  2. The investor pays the due diligence, professional and the processing fees in full and the application package 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.
  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 government account.
  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 Real Estate

In an effort to further encourage Dominica’s tourism industry, the government has added the Dominica Citizenship by investment real estate option. Therefore, the purchase price of approved real estate can be credited towards the Dominica economic citizenship. Successful investors receive a personal residence in addition to the multiple Dominica citizenship benefits and advantages.

Real Estate Investment Citizenship Qualification

To qualify for the real estate option, the program requires a minimum purchase price of $200,000. Additionally, the investor has the option of selling the real estate after a minimum 3 year holding period.

Sample Application (USD) Cost Breakdown:

Program Fees Real Estate Costs
Investment Amount $200,000 minimum purchase
Government Processing Fee $1,000 per application
Government Fees $25,000 main applicant
$35,000 main applicant +spouse
$35,000 main applicant + 3 dependents
$50,000 main applicant + 5 dependents
$70,000 main applicant and 6 or more dependents
Due Diligence $7,500 main applicant
$5,000 spouse
$5,000 dependents >16
Certificate of Naturalization $250 per participant
Passport $1,200 per each

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


The Dominica Real Estate Option Approval Process:

  1. Applicant signs the New Passport Pro professional agreement and submits a portion of the professional fees. Additionally, they also sign the purchase and sale agreement with the developer and submit a 10% to 20% down payment. (Purchase can be made contingent on citizenship approval.)
  2. The application forms are completed and all of the supporting documents are gathered. The application forms are signed and the complete package is checked by our legal team.
  3. Investor pays processing, professional and due diligence fees in full.
  4. Next the period of due diligence background check starts to run and will usually take approximately 60-90 days.
  5. The Dominica CBIU 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 government account.
  6. The certificate of naturalization is submitted to the immigration department in addition to the supporting documents and the passport application.
  7. The passport is issued and delivered to the investor.

Dominica Economic Citizenship Document List

These application forms and supporting documents must be completed and submitted to the Dominica Citizenship by Investment Unit (CBIU) for approval. The list is generalized and it is not exhaustive. As such, the CBIU can request additional documents/verification at their discretion. After the application process is initiated, we are able to provide clarification with document format, duplicates, supplemental materials, number of certified photos et cetera.  

APPLICATION PACKAGE FORMS

  1. Form 12 – Application for Naturalization as a citizen of Dominica, to be completed by all persons applying for citizenship.
  2. Form D1 – Disclosure form: to be completed by all applicants.
  3. Form D2 – Photographic and Fingerprint Verification Form: to be completed by all applicants.
  4. Form D3 – Medical Questionnaire: to be completed by all applicants.
  5. Form D4 – Investment Agreement: to be completed by the main applicant only.
  6. Purchase and Sales Agreement (Real Estate Option Only)

APPLICANT’S DOCUMENTS

  1. A letter of application for citizenship by investment addressed to the minister responsible for citizenship stating the reasons for applying.
  2. Two personal references (not professional references) for the investor, spouse and any child over 18 years. (we will provide formatting)
  3. One original professional reference for the applicant.
  4. One original recommendation from the investor’s banker (not bank statement).
  5. One original letter of employment for the investor.
  6. Bank statements for the last 12 months immediately preceding the submission of the application.
  7. Marriage Certificate (if applicable)
  8. Original Police Clearance Certificate or similar law enforcement document confirming no criminal history for all applicants 16 years and over.
  9. Four certified passport size photos.
  10. Original birth certificate for all applicants.
  11. Notarized copies of all University/College Diplomas.
  12. Completed medical check up for all applicants.
  13. Non-refundable due diligence and processing fees.
  14. Detailed resume/business background report for all applicants who are working adults.
  15. Any other document deemed necessary by the minister.

OTHER DOCUMENTS

  1. Professional service agreement between applicant and New Passport Pro.
  2. Power of attorney granted by the investor in favor of New Passport Pro (we will provide the wording)

About Dominica

Basic Facts About Dominica

Dominica Location Map of Caribbean

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).

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

Dominica’s Beautiful Flora and Fauna

  1. Rain Forests: 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! Also known as the “Nature Island”, Dominica has over 40 hiking trails and 360 fresh water rivers.
  2. Unique Wildlife: Dominica has its own resident population of Sperm Whales and is the only known habitat of the sisserou parrot. Furthermore, four of the world’s seven species of sea turtle regularly visit Dominica.
  3. Geothermal Hot Springs: There are many hot springs including the 2nd largest hot spring in the world “Boiling Lake”.
Dominica wildlife

Leatherback Turtle

Dominica Rainforest Waterfalls

Beautiful waterfalls and rain forests on the island of Dominica.