Launched in 1993, Dominica Citizenship by Investment Program is one of the most sought-after citizenship programs designed for high net worth individuals and families to acquire a second passport of the Caribbean Island nation. Dominica, undoubtedly, is the most beautiful and breathtakingly island in the Caribbean, offering higher living standards and fantastic quality of life to its citizens.
To qualify for the Dominica citizenship by investment program, you must meet the following eligibility criteria:
Citizenship by investment in Dominica can be acquired through two options:
Economic Diversification Fund
The Economic Diversification Fund (EDF) is a government-approved fund used to support Dominica's public and private projects. These funds are utilized to cover the development costs in various sectors, such as education, healthcare, sports, tourism, etc.
A single applicant makes a non-refundable contribution of USD $100,000 to the government fund in this pathway. The amount can increase depending upon whether they include other applicants in the application, such as spouse and dependent children.
Pre-Approved Real Estate
Under this option, applicants are required to purchase a government-approved real estate property in Dominica. The value of this purchase must be at least US$200,000 and held for three years. Government fees starting from $25,000 per applicant also apply in this option.
The applicant must submit the following list of documents when applying for the Dominica citizenship by investment program.
The processing fee for the Dominica citizenship by investment program starts from US$8,810.
Step 1# Talk to Abhinav Immigration Services
First, get in touch with us to know your possible options under Dominica's citizenship by investment program. Abhinav is an authorized and licensed immigration consultancy firm with more than 25 years of experience. Our business immigration team can act on behalf of our clients and help them navigate through the complexities of citizenship by investment programs.
Step 2# Prepare the required documents
In this step, you’ll be required to gather all necessary documents for your application. You will need to complete all supporting documents, official forms, undertake a medical exam, and obtain certain other documents to make your application look strong and credible. Make sure to submit all documents in the English language only, along with the appropriate notarization and legalization.
Step 3# Background Verification
As mentioned already, the CBIU will only consider applicants with a clean background and exemplary track-record. In this stage, your file will go through a due diligence background check to ensure the information submitted by you is correct and accurate. Depending upon the background check process results, your file will be sent to the government for further proceedings.
If everything goes fine and as per the law, you will then receive a letter regarding the status of your application.
Step 4# Discussion with the Dominica CBIU
Once you submit the government collects all forms and the documents, your authorized agent will submit your application to the CBIU on your behalf. The authorized agent will attend all inquiries and answer questions that the CBIU might ask at the submission time.
Currently, Dominica does not ask the prospective applicants to go through a mandatory interview; however, depending upon the circumstances, the government might ask you to attend it before any decision is made on your application.
Step 5# Payment and Certification
If your application is approved, you must make your contribution either to the Economic Diversification Fund option or to the real estate property. Once your payment is approved, you will then receive a certificate of registration, which is an evidence of your citizenship. The certificate can also be used to apply for the Dominican passport.
From submission of the application to an approval in principle, applicants are generally expected to wait three months.
How Abhinav Can Help?
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