CITIZENSHIP BY INVESTMENT

Dominica is a small Caribbean island nation, nestled between Martinique and Guadeloupe. Dominica’s capital is Roseau, a city situated on the southwest coast of the country, and surrounded by the Caribbean Sea, the Roseau River and Morne Bruce mountain. Dominica’s nickname is “The Nature Isle of the Caribbean”, due to its incredible natural beauty.
The Dominica Citizenship by Investment Programme was introduced in 1993 by the Government of the Commonwealth of Dominica and is now one of the world’s longest-running economic citizenship schemes. The Citizenship by Investment Unit (CBIU) is the government authority that administers the programme, dealing with everything from the application process to finding new investment opportunities.

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    The Economic Diversification Fund (Donation Route)

The Economic Diversification Fund (EDF) is a Dominican Government program 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.

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    Minimum EDF Contribution Requirements

To qualify for Dominican citizenship through the Citizenship by Investment program, 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. Spouses, parents or other family members may also qualify.

Single applicant USD 100,000
Spouse of the main applicant USD 50,000
Sibling of the main applicant or of the spouse of the main applicant aged 18-25 USD 50,000
Any dependant other than the spouse of the main applicant or a sibling of the main applicant or of the
spouse of the main applicant aged 18-25: 		USD 25,000
Family of four including the main applicant, the spouse of the main applicant, and two other dependants
other than a dependant sibling 		USD 175,000

Additional EDF Fees

The following fees must be paid in addition to the minimum EDF contribution:

Processing Fees

Per application USD 1,000

Due Deligence Fees

Main applicant USD 7,500
Spouse USD 4,000
Dependant aged 16 years or above USD 4,000

Other Fees

Certificate of Naturalization fee, Expedited Passport Issuance, Advisory/Agreement Fees etc.

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    Dominica Real Estate Investment

To qualify for Dominican citizenship under the real estate option of its Citizenship by Investment programme, you must purchase authorized property worth at least USD $200,000. You are obligated to hold this for three years from the date your citizenship is granted, and will only be able to re-sell the real estate under the Citizenship by Investment programme after five years.

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    Government Fees

In addition to a minimum investment of USD 200,000 the following Government Fees apply:

Single applicant USD 25,000
Family of up to four persons, including the main applicant and up to three dependants other than a dependant sibling USD 35,000
Family of up to six persons, including the main applicant and up to five dependants other than a dependant sibling USD 50,000
Family of seven persons or more, including the main applicant and at least six dependants other than a dependant sibling USD 70,000
Sibling of the main applicant or of the spouse of the main applicant aged 18-25 USD 50,000
Sibling of the main applicant or of the spouse of the main applicant below the age of 18 USD 25,000

Additional Fees

In addition to the capital required for Dominica real estate investment, the following fees are also applicable:

Processing fees USD $1,000 per application
Due diligence fees USD 7,500 for the main applicant, USD $4,000 for a spouse and USD $4,000
for any dependants aged 16 or above.
In some cases, additional due diligence fees may be required depending on
current citizenship status, and other personal circumstances.
Certificate of naturalization fee USD $250 per person
Expedited passport issuance fee USD $1,200 per person

Citizenship By Investment And Dual Citizenship Benefits

Applying for citizenship by investment in Dominica has become increasingly popular in the last few years, and this should come as no surprise. There are numerous benefits to dual citizenship, with Dominica being a particularly appealing place to hold a second passport. The country offers a wealth of new opportunities and experiences, including:

  • Full residence status — including working rights

  • Joining a global community that transcends Dominica’s land borders

  • Global mobility, including visa-free travel to over 140 countries, from Singapore to China to Schengen countries like (Germany, France etc) and the United Kingdom.

  • Minimal taxation, with no wealth, gift, inheritance, foreign income, or capital gains tax

  • The ability to hold multiple citizenships

  • Knowing that you have personally contributed to the prosperity of a peaceful, welcoming country, which you can call home for life.

With the different investment options available in helping you acquire citizenship and a second passport, Our team provides free consultation, pre-screening and assessment to allow you to choose the option that best matches your portfolio.

Become A Global Citizen – Call Us Today

For further information about how we can help you acquire your second citizenship, feel free to give us a call at +2349150846333. You can also contact us through email at info@penvistalimited.com or fill in our online contact form, and we will reply as soon as possible.

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