dominica citizenship by investment


Citizenshipbay

Uploaded on Jun 17, 2022

Category Business

Dominica Visa-Free Countries - With a passport from Dominicacitizenship, you can travel visa-free to any of these countries. Know more! https://www.citizenshipbay.com/citizenship-solutions/dominica/investment-options/

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dominica citizenship by investment

DOMINICA Citizenship Program www.citizenshipbay.com 1 KEY WHY CITIZENSHIP BAY? BENEFITS: Citizenship Bay is a leading Citizenship Bay has years of • A multilingual team citizenship consultancy firm experience assisting wealthy of consultants specializing in investment-based individuals and their families in their citizenship and residency for clients quests for citizenship and residency. • An impeccable track record all over the world. of success Our clients place their trust in us Our citizenship and residency because we understand them. • Moneyback guarantee programs are globally accredited and (If your application is denied, highly reputable. We have a deep understanding of you pay us nothing) their needs, their values, and what a • Free consultation, pre-screening, second citizenship means to them. and assessment Most importantly, our clients choose • Unmatched confidentiality to work with us due to our complete standards transparency. • A customer-centric approach • Experience working with clients of all backgrounds and nationalities Based in Dubai and with a number of partner offices across the globe, 2 your gateway to freedom DOMINICA AT A GLANCE Dominica, officially known as the Commonwealth of Dominica, is a sovereign 2 island-country located in the Eastern Caribbean. Area: 751KM Previously a British Colony, Dominica gained its independence in 1978. Capital City: Roseau Today, it is an independent nation and a parliamentary democracy within the Commonwealth of Nations and a member Population: 72,000 People of the Caribbean Community (CARICOM). Official Language: English Dominica is known for its beautiful nature, lush mountains, and spectacular coastline. Currency: It is largely covered by rainforest and is Eastern Caribbean Dollar (XCD) home to the world’s second-largest hot spring, Boiling Lake. These features have Key Economy Sectors: won Dominica its nickname, “The Nature Tourism Island of the Caribbean.” The island is Agriculture especially popular with visitors from cruise ships sailing the Caribbean. Government Type: Unitary parliamentary republic But tourism and agriculture aren’t Dominica’s only offerings. The country is also a popular destination for financial services. In recent years, the increased development in the country has led major international banks such as the Royal Bank of Canada and Scotiabank to establish branches in Dominica as part of their operations in the Caribbean. your gateway to freedom 3 CITIZENSHIP PROGRAM KEYBENEFITS: Dominica citizenship by investment Applicants must undergo due • Visa-Free travel to 143 countries, program was established in 1993 diligence and make a qualifying including Schengen and UK to help the country strengthen its investment. Once the person is • 4 to 5 months to acquire economy. . granted citizenship, S/he becomes a citizenship and passport citizen for life. • No residency requirement It has allowed the government to or interview increase its direct investments in areas such as healthcare, education, • Citizenship is granted for life agriculture, and infrastructure. and is irrevocable • No tax obligation for The Citizenship by Investment non-residents Program is set out in the regulations • Dual citizenship is allowed published pursuant to Section 101 of in Dominica the Constitution and Sections 8 and • Dependent children up to the 20 (1) of the Citizenship Act. age of 30 can be part of the same application Citizenship is granted to successful applicants within 4 to 5 months with no residency requirements. 4 your gateway to freedom TRAVEL THE GLOBE With a passport from Dominica you can travel visa-free to any of these countries OCEANIA Croatia Romania Grenada Timor-Leste* Guinea-Bissau* Cook Islands Cyprus Russian Federation Haiti Uzbekistan Kenya Fiji Czech Republic San Marino Jamaica Lesotho French Polynesia Denmark Serbia Montserrat AMERICAS Madagascar* Micronesia Estonia Slovakia St. Kitts and Nevis Argentina Malawi New Caledonia Faroe Islands Slovenia St. Lucia Belize Mauritania* Niue Finland Spain St. Maarten Bermuda Mauritius Palau Islands* France Sweden St. Vincent and the Bolivia* Mayotte Samoa* Germany Switzerland Grenadines Brazil Mozambique* Solomon Islands* Gibraltar Ukraine Trinidad and Colombia Reunion Tonga* Greece United Kingdom Tobago Costa Rica Rwanda* Tuvalu* Greenland Vatican City Turks and Caicos Ecuador Senegal* Vanuatu Hungary Islands French Guiana Seychelles* Iceland CARRIBEAN Guyana Sierra Leone* MIDDLE EAST Ireland Anguilla ASIA Nicaragua* Somalia* Armenia* Italy Antigua and Bangladesh* Panama St. Helena* Iran* Kosovo Barbuda Cambodia* Peru Tanzania Israel Latvia Aruba Hong Kong (SAR Suriname Togo* Jordan* Liechtenstein Bahamas China) Uruguay Uganda* Palestinian Territory Lithuania Barbados Indonesia Venezuela Zambia Luxembourg Bonaire; St. Laos* EUROPE Malta Eustatius and Macao (SAR China) AFRICA Andorra Moldova Saba Malaysia Botswana Austria Monaco British Virgin Islands Maldives* Cape Verde Islands* Belarus Montenegro Cayman Islands Nepal* Comores Islands* Belgium Netherlands Cuba Philippines Egypt* Bosnia and Norway Curacao Singapore Eswatini Herzegovina Poland Dominican Republic South Korea (Swaziland) *visa on arrival Bulgaria Portugal French West Indies Sri Lanka** Gambia **eTA your gateway to freedom 5 INVESTMENT OPTIONS Option One Option Two Government Fund – Non-Refundable Purchase of Government-Approved Real Estate • Single Applicant: a non-refundable To qualify for citizenship of Dominica under the Real Estate contribution of USD 100,000 is required Option of the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of • Main Applicant and Spouse: a non- USD 200,000 which may be resold after 5 years. refundable contribution of USD 150,000 Additionally, the applicant must pay the following government is required fees (Non-Refundable): • Applicant with up to three qualifying • USD 25,000 for a Single Applicant dependents: a non-refundable • USD 35,000 for a Main Applicant and Spouse contribution of USD 175,000 • USD 35,000 for a family of up to 4 persons • Sibling of the main applicant or of the (including main applicant) spouse of the main applicant aged 18-25: • USD 50,000 for a family of up to 6 persons USD 50,000 (including main applicant) • USD 70,000 for a family of up to 7 persons • Any dependant other than the spouse of (including main applicant) the main applicant or a sibling of the main • USD 50,000 for a sibling of the main applicant or of the applicant or of the spouse of the main spouse of the main applicant aged 18-25 applicant aged 18-25: USD 25,000 each • USD 25,000 for a sibling of the main applicant or of the spouse of the main applicant below the age of 18 Note: Prices above are exclusive of application fees, VAT, due diligence fees, and professional fees. Please contact us for an accurate quotation 6 your gateway to freedom STEPS & TIMELINE MONTH Step 1: Prequalification of the primary applicant ONE Step 2: Citizenship Bay and the client enter into a service agreement Step 3: Advice and assistance are provided to the client with the preparation of documents and government forms Step 4: The applicant’s file will be complete at this stage and due diligence fees and government application fees will be due. If the applicant chooses the real estate option, a down payment to reserve the property will also be required Step 5: Citizenship Bay will submit a complete application to the government of Dominica on behalf of the applicant MONTH TWO - THREE Step 6: After the government assesses the applicant’s file and due diligence is completed, an “Approval in Principle” will be issued Step 7: The applicant is required to make the applicable investment for the selected option MONTH FOUR - FIVE Step 8: Government issues the naturalization certificate/s Step 9: Passport applications are submitted, and passports will be issued within 1 week Step 10: Passports and naturalization certificates are delivered to the client. Balance of fees will be due Note: This timeline is an estimate based on our experiences with past clients. Actual timeline may vary on a case by case basis. your gateway to freedom 7 Emaar Business Park, Sheikh Zayed Road Building 4, Office 404 Dubai, UAE. P.O Box 393827 +971 4 430 8028 [email protected] www.citizenshipbay.com 8