The Dominica citizenship by investment plan is based on the Dominica Constitution, Chapter VII, Section 101, and the Citizenship Act, Sections 8 and 20 (1), and amended and reintroduced in the Dominica Citizenship Act in 1993. Economic Citizenship Program (Economic Citizenship Program), the program requires applicants to make government-approved investments to contribute to Dominica’s economy.
The Dominica Citizenship by Investment Project, which started in 1993, is a “time-honored brand” in the Caribbean. After decades of modifying, the project has become mature and stable, with simple processing procedures and short cycles, making it extremely popular.
Dominica Passport Program
Project Summary
Country Summary
The Commonwealth of Dominica is an island nation located in the northeast of the Windward Islands in the Eastern Caribbean Sea. It borders the Atlantic Ocean to the east and the Caribbean Sea to the west. The land area is 751 square kilometers, the annual average temperature is 25 to 32 degrees, enjoys the tropical ocean climate.
Dominica was originally the residence of Arawa guests and Caribs from Indian tribes in South America. Independence on November 3, 1978, is now a member of the Commonwealth. Official Language is English.
Dominica has the most pristine desert and lush green mountains. It is a holy place for diving and hiking enthusiasts. This beautiful island country has the lowest crime rate in the Caribbean, and its political economy tends to be stable.
Dominica has repeatedly been called one of the happiest places in the world. Dominica has a large number of centenarians, and provides a peaceful lifestyle, a lively and friendly community environment. A natural island in the Galle Sea, it has a pure natural beauty, with hundreds of rivers and waterfalls, along the lush into the surrounding blue and green sea. Dominica has the world’s second largest hot spring and boiling lake. Dominica’s clear and quiet ocean provides excellent conditions for diving . This has an interesting diving environment. In 1998, MorneTrois Pitons National Park (MorneTrois Pitons National Park) was designated as a World Natural Heritage by UNESCO. Since 1997, Dominica has been actively participating in the work of Green Earth, and has developed a new tourism model.
Application Requirements
1. Donation mode:
Individual investment requirements: donate 100,000 US dollars to the government fund, which is non-refundable;
Main applicant + spouse investment requirement: donation of 175,000 US dollars, non-refundable;
Main application + 2 children under the age of 18 Investment requirements: Donation of 17.5 US dollars, non-refundable;
Main applicant + spouse + more than 2 children under the age of 18 Investment requirements: if 2 or less children under the age of 18 participate in the application, the investment amount is 200,000 US dollars and is non-refundable. For every additional child, an extra 50,000 US dollars will be required;
2. Real estate investment: Applicants can purchase a real estate of more than US$200,000 in a real estate development project approved by the government, and must hold the real estate for more than three years. If the real estate is sold after five years, the real estate can continue to be used For investment immigration projects.
Benefits and Advantages
- Low taxation-no property tax, gift tax, inheritance tax, foreign income Tax or capital gains tax, but also non-personal income tax;
- Dominica has a double taxation agreement with the United States as the Caribbean
Treaty country; - No restrictions on repatriation of profits and capital input;
- Generous incentive mechanism, including corporate tax incentive mechanism, import tax exemption, tax relief on profit, export subsidy;
- The currency is the East Caribbean Dollar (XCD), which is connected to the US dollar in Duty-free trade in the Caribbean area;
- Duty-free trade;
- There are more than 139 visa-free countries, including Schengen countries, as well as the United Kingdom, West Asia, Singapore, HK, etc.;
- Recognizing dual nationality, you can apply for a name change and this helps to CRS;
- No requirements for academic qualifications, management experience, etc.;
- No need to landing, no residence requirements;
- Four generations of migration can be realized;
- The migration act is written into the constitution, and the policy is very stable.
Application Process
1. Prepare information according to the list of government documents;
2. Submit the application to the government and review it for about 2-3 months;
3. The government issues a letter of approval in principle;
4. Complete government fund investment or real estate investment;
5. The applicant receives the citizenship certificate and passport.
