Dominica Citizenship - Legal Law Firm in Dubai, UAE

Dominica Citizenship By Investment

Dominica is an island of remarkably unspoiled beauty, where lush green forests roll across hills that stretch from shore to shore. It’s also known as The ‘Nature Isle of the Caribbean’. English is the nation’s official language but French is also spoken widely.

Time and again, Dominica has been named as one of the world’s happiest places to live. Boasting a high number of citizens who have lived past 100 the island provides a tranquil lifestyle within a safe, peaceful, and pristine environment, and a culturally vibrant and friendly community. The “Nature Isle of the Caribbean” is a tropical paradise and arguably one of the most beautiful places on the planet thanks to its natural beauty. In 1998, its Morne Trois Pitons National Park was even designated a World Heritage Site by UNESCO

Eligibility for Dominica CBI:

Clean Background Check with no criminal record
Funds used for investment should have been legally derived
The applicant is at least 18 years old.
The applicant must be in good health and must show that they do not suffer from any contagious diseases
Banned nationalities:
- Northern Iraq: This includes specific nationals from the Kurdistan region of Iraq, namely nationals from the cities of Erbil, Amedi, Dahuk, Kirkuk, Lalish, Raniya, Soran, Sulaymaniyah and Zakho
- North Korea and Sudan: unless the applicant has (1) not lived in these countries for at least ten years, (2) no substantial assets there, and (3) not performed any business or similar activity, in whole or in part, in or with the countries
- Russian and Belarusian: As of March 2022, any new applications will not be accepted. The Dominica CBIU will continue to process the already submitted applications

Investment options:

Economic Diversification Fund (EDF): Donation starting from $100,000
Real Estate Investment: Investment of at least USD $200,000. Real estate can be sold after 3 years

Benefits of Dominica Citizenship:

Dependents: Spouse, kids under 18Y, kids between 18Y-30Y who are studying in a recognized institute and are financially dependent, Unmarried daughter under 25Y who living with and financially dependent on main applicant, Parent/Grandparent who are financially dependent and above 65Y.
Real estate can be sold after three years from the date your citizenship is granted
No tax on global income, inheritance, etc
Dominica has double taxation treaties with the USA, the UK, and the CARICOM
Duty-free access to several markets across the Caribbean
No formal requirement to reside in Dominica before or after citizenship has been granted.
Right to live, work, and study in Dominica as any other citizen
Visa-free or with a visa-on-arrival to around 140+ countries and territories, including UK, Singapore, Hong Kong, Schengen countries
Dominica allows multiple Citizenship
Dominica’s currency, the East Caribbean dollar (XCD), is pegged to the United States dollar (USD). $1 to XCD 2.7
Great incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance

FAQs:

What is the Dominica Citizenship by Investment Programme?

The Citizenship by Investment Programme allows investors and their eligible family members to legally obtain citizenship in return for a significant investment in Dominica, as determined under the Commonwealth of Dominica Citizenship by Investment Regulations. Presently, there are two qualifying investments: a direct contribution to the Government (commonly known as the contribution to the Economic Diversification Fund route), starting at USD 100,000 for a single applicant, or the purchase of pre-approved real estate at a minimum value of USD 200,000.

Does Citizenship extend to my Family?

Yes, subject to the fulfilment of certain requirements, citizenship can be extended to your spouse, dependent children, dependent parents and grandparents.

Who qualifies as a dependent?

Spouse of the main applicant, child under 18 years of age, child between 18 and 30 years who is a student and financially supported by the main applicant, unmarried daughter who is under 25 years of age and is living with and supported by the main applicant, parents or grandparents of the main applicant or the spouse above the age of 65 years who are substantially supported by the main applicant or the spouse of the main applicant.

Will I be liable to pay any taxes in Dominica?

There is no wealth, gift, inheritance, foreign income, or capital gains tax in Dominica. As a citizen, you would be liable to pay personal tax if you resided in Dominica.

Can I open my bank account in Dominica?

Yes, you can open any type of bank account and do transactions as you will have all the rights to enjoy all services provided by the Dominica government to it’s native citizens.

Can I submit the application to the citizenship by investment unit myself?

No. You must submit your application through an Authorised Agent.

How long does the application take?

From submission of the application to an approval in principle, applicants are generally expected to wait three months.

Is the application process confidential?

The application process itself is confidential, except where necessary checks are carried out by authorised due diligence agencies and international partners.

Do I have to attend an interview

No, you don’t have to attend a mandatory interview. However an interview may be required at the discretion of the Government.

Do I have to travel to Dominica?

No, you don’t have to travel to Dominica as part of the application process. However, we always encourage you to visit our beautiful Dominica.

Do I have to be resident in Dominica in order to obtain citizenship?

No. You do not have to reside in Dominica before or after citizenship is granted.

Do I need to get Police Clearance Certificate from my home country even if I have not lived there for more than 10 years?

Yes, police clearance from the home country is always mandatory even if you have not lived there for any number of years.

Where will my Dominican passport be recognised?

Everywhere. The passport that you obtain as an economic citizen is a fully legal passport, and is universally recognised by all state parties to the United Nations.

For how many years is a Dominican passport valid?

Dominican passports are generally valid for up to 10 years. Passports for children under 16 years old are issued for 5 years.

How do I renew my passport when it expires?

Expired passports or those with no free pages can be easily renewed for a fee at the Passport and Immigration Department in Dominica or through any Dominican Consulate (with no need to personally travel to Dominica or its Consulates).

Phone: (+971) 4 453 9090

Fax: (+971) 4 453 919

Office no. 2906, Prism Tower, Business Bay, Dubai- U.A.E.