Commonwealth of Dominica
Dominica, known as the “Nature Isle of the Caribbean” due to its wide variety of flora and fauna and extensive natural parks, offers more than just scenic beauty. It’s a politically and economically stable state with an inviting business environment and a legal system based on English common law. The island is a member of major international organizations, including the United Nations and the Caribbean Community (CARICOM).
The Citizenship by Investment Program
Dominica’s Citizenship by Investment Program is legally entrenched and has been operational since 1993, making it one of the most well-established programs of its kind. It offers applicants full citizenship in exchange for significant economic contributions to the country.
Steps to Obtain Citizenship by Investment in Dominica
Choose an Investment Option: Applicants can either make a non-refundable contribution to the Economic Diversification Fund (EDF) or invest in approved real estate.
Submission of Application: The application for citizenship must be submitted through an authorized agent and requires detailed background checks to ensure the integrity and reputation of the program.
Due Diligence Process: Comprehensive background checks are performed on all applicants to safeguard the program's standards.
Approval in Principle: Once the application is vetted and approved, the applicant receives a letter of approval in principle.
Investment and Payment: Post-approval, the applicant makes the investment and pays the required government fees.
Certificate of Naturalization: Once the investment and payment are confirmed, the applicant is granted a Certificate of Naturalization, and subsequently, a passport.
Can I include my grandchildren in the citizenship application?
Yes, depending on their age and dependency status, grandchildren can potentially be included in your citizenship application under family inclusion rules. This usually requires demonstrating their dependency on the main applicant.
Is there a language requirement to obtain citizenship from Dominica?
No, Dominica does not require you to learn English or any other language to receive citizenship through investment. The application process and documentation are facilitated in English.
How secure is my investment in Dominica’s real estate?
Investments in approved real estate are considered secure as they are regulated by the government. Additionally, these properties are often part of well-established resorts or development projects that maintain high standards to ensure value.
What are the tax implications once I obtain citizenship?
As a citizen of Dominica, you are not liable for taxes on any foreign income, wealth, inheritance, or gifts unless you decide to reside in Dominica. Local income tax applies only if you reside within the country and earn local income.
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