- Real estate project investment: 200 000 USD
- Application state fees: 50 000 USD
- Due diligence fee: 7 500 USD
- Length of the process: 3 – 4 months
- Visa-free travel: 119 countries
Since January 2015, Investors willing to become the citizens of Dominica have two options they can choose from. Under the “Economic citizenship by investment” program, investors are able to invest in previously approved real estate project. Investors were not able to gain Dominica citizenship without actually residing in the country until 1993. But since Economic Dominica Citizenship program was established by the government, this Caribbean state has become one of the most flexible and affordable double citizenship and second passport programs in the world. In fact, Dominica just won award ’Best Caribbean Citizenship program 2016’ due to the cheapest real estate investment program in Caribbean region.
Major requirements
In order to become a Dominica citizen, an investor needs to make a 200 000 USD investment in a previously approved real estate project. This investment can be recovered when the real estate is sold not earlier than 3 years after purchase. After 5 years it can be resold under Citizenship by investment program to another investor willing to gain double citizenship from Dominica.
Other requirements and fees
In addition to the main investment, the investor and its family will need to pay additional fees:
- Government processing fee – 50 000 USD for principal applicant and 25 000 USD for the spouse and other dependents;
- Due diligence fee – 7 500 USD for principal applicant and the spouse each; 4 000 USD for dependent children;
- Application processing fee – 300 USD and Certificate of Naturalization 750 USD.
In addition to monetary contributions, the investor needs to conform to several other requirements:
- Clean background and no criminal record;
- Passing health check;
- Investors from Saudi Arabia, Pakistan, Yemen, North Korea, Sudan, Afghanistan and Somalia are not allowed to apply for Dominica citizenship program.
<a href=”https://www.mundipass.com/en/dominica/relocating/citizenship-estate/”>Mundipass</a>
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