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Established in the year 1993, the Citizenship by Investment Programme of mountainous Caribbean island Dominica offers dual citizenship to an applicant within the time frame of 90 days in return for significant investment, following an ample vetted due diligence procedure.
The invested sum amount assists the “Nature Isle of the Caribbean” in building robust eco-friendly infrastructure, which assists in achieving the Dominican government’s target of becoming the “first-ever climate-resilient” nation.
The Citizenship by Investment Programme of Dominica provides global access to 140+ countries, endowing a permanent residency status to an applicant. “One family under one application” facility of Dominica’s CBI Programme grants dual citizenship to a family.
Dominica does not restrict individuals of any nationality from obtaining citizenship on the island without paying a visit or residing in the country. Soon after an applicant acquires Dominica citizenship, one can pursue the job, can vote, as well eligible to purchase the property on the island.
Non-refundable contribution under the Economic Diversification Fund (EDF) is the option under which one can obtain second citizenship of the Caribbean country.
Dominica is a true paradise, spread on a land area of 750 km², owning dense mountainous rainforests, myriad waterfalls, rivers, and mesmerizing beaches. The young island is home to considerable rare plants, animals, and bird species and retains the world’s second-largest boiling lake.
The Economic Diversification Fund (EDF) is a Dominican Government programme supporting socio-economic initiatives with the aim of driving national development. This was established through the country’s Citizenship by Investment Programme, as one component of a national capital mobilization portfolio. Applicants can acquire economic citizenship to Dominica by making a financial contribution to its EDF.
All money generated for the EDF fund goes towards improving projects in the public and private sector which are in need of financial support. These include building schools, renovating hospitals, and the creation of a national sports stadium, as well as a variety of other undertakings across numerous industries such as tourism, information technology and agriculture.
The revenue generated by EDF is invested in building infrastructure projects such as – climate-resilient housing, construction of schools, hospitals, healthcare centres, national sports stadiums, agriculture as well as promoting eco-tourism.
Visa-free access to 140+ countries and territories.
Citizenship is inheritable by new-born.
Dominica citizenship allows dual citizenship status to all applicants
Ease of doing business with access to global markets.
Wealth diversification.
To qualify for Dominican citizenship through the Citizenship by Investment programme, applicants must make a non-refundable contribution to the EDF.
The cost of your contribution will be determined by the number of dependents included in the application—this refers to anyone who relies on you as a primary source of income, including children, spouse, parents or other family members may also qualify.
Dominica citizenship by Donation: The Economic Diversification Fund (EDF) was created to generate funds to sustain the growth of the economy and develop public and private sector projects; namely, building schools, hospital renovations, building national sports stadiums, agriculture and promote tourism.
A non-refundable contribution depending on the number of dependents included in the application:
The following fees must be paid in addition to the minimum EDF contribution:
PROCESSING FEES
Per application – USD 1,000
DUE DILIGENCE FEES
Main applicant – USD 7,500
Spouse – USD 4,000
Dependant aged 16 years or above – USD 4,000
Enhanced due diligence checks and fees may sometimes be required, depending on the applicant’s current citizenship status, and other personal circumstances.
Step 1: Hiring and contacting an authorized agent
Step 2: Go through the requirements for documentation
Step 3: Applying for background checks (involves due diligence procedure)
Step 4: Submitting the application to CBIU (Dominica)
Step 5: If the application gets a green signal, CBIU will send a letter to you briefing about further payment and certification.
Congratulations! You are now a citizen of Dominica.
Dominica has a low crime rate, especially towards tourists. The locals are very friendly and usually willing to provide assistance to travelers.
Investors looking to have Dominica citizenship through investment, can either make a non-refundable financial contribution or invest in an approved real estate project.
Dominica citizenship is ranking at 31st in terms of travel freedom, it offers global access to over 140+ countries and territories in the world.
Your spouse, children under the age of 18 to 30, supported by the main applicant or the main applicant’s spouse.
You can also include your children aged 18 or over, physically or mentally challenged, living with and fully supported by you.
Parents or grandparents or of the spouse if fully supported by the main applicant or the main applicant’s spouse. The spouse of a person who qualifies as a dependent parent or grandparent, who is substantially supported by the main applicant or the spouse of the main applicant.
Yes, Dominica does allow dual citizenship and will never ask investors to give up their existing citizenship.
Investors should be at least 18 years of age, they must be of a good character, who has no criminal records in their home country and are willing to make the required contribution into the economy of Dominica are eligible for citizenship application.
Nevertheless, citizens of Iran, North Korea, Sudan, Russia, Bulgaria and Syria can only be accepted where such person have not lived in their home country for at least 10 years and do not have substantial assets there and or not performing or have performed any business activity.
In terms of residence and citizenship by investment, ABL Holdings Ltd. is among the world’s most successful companies. Numerous wealthy individuals and their advisors turn to us each year, seeking assistance in these matters.
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