Benefits of Dominica Citizenship by Investment

Why choose Dominica for citizenship by Investment?

Dr. Jean-Philippe Chetcuti | 20 Jul 2023

Dominica Citizenship By Investement

The Dominica Citizenship by Investment Programme may be ideal for those seeking a second passport. Amongst dozens of various citizenship programmes offered by a number of jurisdictions around the globe, this publication will explore the benefits of the Dominica programme as well as the island itself. 

Dominica – the nature island of the Caribbean

The Commonwealth of Dominica is an independent island state situated near the islands of Martinique and Guadeloupe. Dubbed as ‘the nature island of the Caribbean’, Dominica presents itself as an island paradise for all nature lovers. Teeming with an extensive variety of flora and fauna, Dominica vaunts the raw beauty of unspoilt beaches, acres of tropical forests, one of which is on the UNESCO list of World Heritage Sites, as well as several streams, coastlines and coral reefs.

The small size of the island ensures that one can truly enjoy its untarnished natural beauty without having to worry about hordes of tourists. Whether you prefer to take dips in Dominica’s crystalline waters, immaculate pools or natural hot pools, or prefer to give in to your adventurous side and hike to various nature spots surrounded by miles of rainforest vegetation, Dominica always has a once in a lifetime experience to offer to the nature lover.

The island vaunts English, French, African and Carib roots which blend together beautifully to offer a unique lifestyle. English is the main language of the island which is universally spoken and understood but French is also widely spoken by the islanders. This is coupled with economic and political stability and one of the lowest crime rates in the region.

Benefits of the Dominica Citizenship by Investment Programme

Dominica provides a number of benefits to investors who decide to embark upon the Dominica Citizenship by Investment Programme. The Dominica Citizenship by Investment Programme provides fast track access to Dominica citizenship to the main applicant, as well as his or her dependents. This includes dependent children up to 28, as well as dependent parents and grandparents over the age of 55.

In comparison with other citizenship programmes, the Dominica Citizenship by Investment Programme does not impose requirements which are too onerous to fulfil. The main applicant, who must be at least 21 years old, will not be required to physically reside on the island. Moreover, no minimum standard of education or managerial experience is required, save for a basic knowledge of English. In addition, the main applicant and his or her family will not be subject to an interview either, thus allowing a confidential application process.

The Dominica Citizenship by Investment Programme is relatively cost-effective when compared with other programmes, and provides a number of various investment options which make it a relatively flexible programme to suit the needs of the applicant. An investment may be made to the Economic Diversification Fund, or alternatively, one can choose to invest in real estate which has a minimum value of US$200,000. This property may be re-sold after 5 years from the date of purchase.

The Dominica Citizenship by Investment Programme is ideal for those seeking to facilitate their travels. A Dominican passport allows successful applicants to travel visa-free to over 113 countries, including Europe’s Schengen zone, as well as Hong Kong, Malaysia, Singapore and Turkey. Moreover, the main applicant can still keep his primary nationality as Dominica recognises dual citizenship.

Taxation of new Citizens

Citizens benefiting from the Dominica Citizenship Programme are not liable to taxation in Dominica on any income earned outside of Dominica unless one decides to reside there. Additionally, new citizens are exempt from tax on wealth, inheritance or capital gains tax..

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