With Dominica’s robust real estate industry and a favorable investment environment with consistent growth in the last decade, it’s one of the best places to invest. Experts claim the country registers up to a 10% rise in rental returns annually. Foreign investors are also attracted to this nation due to its favorable government policies, taxation, and improved infrastructure.
If you are looking for lucrative investment opportunities, getting yourself a Dominica citizenship is wise. Fortunately, you don’t have to go through long routes to acquire citizenship, thanks to the investment program that offers citizenship, a win-win for investors or people who donate to the economy with citizenship.
What are some of the perks to expect with this investment program? Read on to find out all you need to know about Dominica’s citizenship investment program.
1. Seize Dominica’s Business Opportunities
One of the #1 benefits of the Dominica citizenship by investment program is that it allows you to participate in the country’s steady economic growth. Dominica is one of the Caribbean nations with abundant resources. It has an impressive water supply, considering its water supply, booming agricultural industry and natural beauty, which presents plenty of investment potential in the tourism sector.
To become a citizen through this route, you must make a $100,000 non-refundable donation to the Economic Diversification Fund (EDF) kitty. But this amount is only applicable if you’re a single applicant, as the more dependents there are, the higher the amount. You and your 3 dependents will need to contribute $200,000.
Alternatively, you can invest in real estate for citizenship. Under this route, you must invest $200,000 in approved real estate projects. After 3 or 5 years, you can sell the property to fellow investors seeking citizenship.
2. Enjoy Visa-Free Travel
With a Dominican passport, you enjoy increased global mobility, with visa-free access to more than 142 countries and territories. It also comes with visa-on-arrival in 28 countries, including Egypt and Seychelles, and in some, like Australia and Thailand, you enjoy a concurrent eVisa grant to many other countries. The passport opens the world for you, allowing easy entry to places like China, Singapore, Brazil, and the Schengen region.
If you are a traveling lover or businessperson, these Dominica passport benefits give you a big edge. They make traveling to your dream destination much easier. So, you can soak in cultures worldwide, experience their lives, and immerse yourself in rich cultures.
3. Get Second Citizenship and Residency
There are many reasons why you want to establish a second home. Gaining second citizenship and access to residency privileges in a friendly country like Dominica is more than appealing.
Thanks to dual citizenship, you and your family can participate in politics, work, and enjoy social services in both countries. It also allows you to choose one with favorable policies like tax, especially when running a business.
With its strategic setting in the tropics, Dominica boasts an amazing climate and natural attractions that can enrich your lifestyle. It makes it easy to enjoy your holidays in lavish resorts, explore natural wonders like the second-largest boiling lake, or hike the vast Waitukubuli National Trail. Additionally, the society here is fantastic, allowing you to learn the culture and experience the local delicacies as well as international foods across the country.
Through the investment program, getting your citizenship is easy, provided you meet the requirements, such as passing the health check and security clearance and, of course, making an investment in this Caribbean economy.
4. Family Benefits
If you have dependents, the CBI program allows them to be included in the citizenship application. You can include your kids, spouse, parents aged 65 or older, and other dependent family members. Even if you don’t include them in the application, you can add them once you get citizenship.
Dual citizenship can benefit your dependents in many ways. If you don’t plan to relocate your family, they can choose where to stay. It also gives them better access to education, healthcare, and employment opportunities.
How to Apply for Dominica Citizenship Through the Investment Program
All applicants should be over 18, pass the health check, and have no criminal records. In addition to demonstrating outstanding character, you should have the financial capability to make the minimum investment required under the CBI program.
Once you meet these personal requirements, you can begin the application process with the help of an authorized agent. They will help you prepare the required documents, which should be legalized before submission.
If all is clear, reserve a real estate property and wait for clearance from Citizenship by Investment Unit (CBIU), which will advise the government on your status. If the government agency is satisfied and the application succeeds, you’ll be required to pay or donate to the EDF.
Once CBIU receives the payment, you will be issued a certificate of registration that acts as evidence of citizenship. You can use it to get a Dominican passport, which takes between 3 and 6 months.
Getting citizenship doesn’t mean you need to physically reside in Dominica. You can move into the country anytime and take advantage of the government’s many incentives to investors.
Conclusion
Getting citizenship in Dominica through investment is a seamless process. This Caribbean country offers many benefits, such as business opportunities, visa-free travel, second citizenship, and family benefits, in exchange for your investment in its economy.
Besides, it sets easy-to-meet conditions for citizenship with no residency requirement. You just have to show you are financially capable, have a sound mind, and have a clean health and criminal record.
Obtaining a second citizenship can be a game changer for you and your family. With the opportunity to study, live, and work in Dominica and the chance for future generations to get citizenship through descent, the possibilities are limitless.
