Dominica, often known as the Nature Island because of its pristine natural beauty, is undoubtedly the most gorgeous island in the Caribbean, and it has one of the highest levels of living in the area, according to the World Bank.
WHY SHOULD YOU CHOOSE DOMINICA?
The dominica citizenship by investment program, officially known as the Commonwealth of Dominica, is a stunning island in the Caribbean that boasts pristine sandy beaches, lush green mountains, acres of unspoiled tropical rainforests, and some of the best diving and hiking in the region. Dominica is officially known as the Commonwealth of Dominica. Its people and cultures include a diversified mix of English- and French-language speakers, as well as African and Carib-speaking people and civilizations. Dominica is a politically and economically stable state with the lowest crime rate in the area. Dominica, on the other hand, accepts dual citizenship. The Economic Citizenship Program provides candidates with a plethora of perks and privileges, including the following:
There are no prerequisites for physical residence.
Included are dependent children under the age of 30.
Including unmarried daughters under the age of 30 who live with and are completely supported by the primary applicant.
Inclusion of financially dependent unmarried siblings of the primary applicant or spouse who do not have children and are under the age of 25 and are not married themselves.
Included are dependent parents and grandparents who are above the age of 55.
There is no need for formal education or management experience.
Visa-free travel is available to citizens of over 125 countries, including the Schengen area of Europe, the United Kingdom, Hong Kong, Malaysia, Singapore, and Turkey.
Non-residents are exempt from paying taxes.
Qualifications for dominica citizenship by investment program
In order to be eligible for citizenship in Dominica, candidates must complete one of the investment alternatives listed below in addition to completing the following requirements:
Be a person of exceptional character.
Have no criminal record to your name.
You are in good physical condition.
Have a basic understanding of the English language.
OPTIONS FOR INVESTMENT
- Contribution to the Economic Diversification Fund
- There is just one applicant
A single applicant must submit a nonrefundable donation of US$100,000 to the Economic Diversification Fund in order to be considered for the programme.
- The spouse
A non-refundable donation of US$50,000 for an eligible spouse is also available.
- Siblings (sometimes known as cousins)
There is a nonrefundable payment of US$50,000 each qualifying sibling aged 18-25 of the primary candidate or the spouse who meets the eligibility requirements.
- Relatives and Dependents
A non-refundable payment of US$25,000 per qualifying dependant of the primary applicant or the spouse is required to be submitted.
- The Option for a Family
In exchange for a nonrefundable payment of US$175,000, a family of four, consisting of the primary applicant, his or her spouse, and two extra dependents other than a dependent sibling, may be considered.
- Investing in Commercial Real Estate
Property valued at a minimum of US$200,000 in a government-approved real estate development is available to applicants who meet the requirements. The investment must be kept up for a minimum of three years to be considered successful. If the property is kept up and sold after five years, it will qualify the next application for citizenship as well as the previous candidate.
Nationals of the following nations and territories will be considered on an individual basis: Afghanistan, Chechnya, Iraq, North Korea, Pakistan, Sao Tome and Principe, Saudi Arabia, Somalia, Sudan, Turkmenistan, Uzbekistan, and Yemen.
Applicants who have been legal residents in other countries for a period of 10 years or more and whose investment funds do not originate in one of the countries listed above are exempt from this requirement.
The dominica citizenship by investment program‘s procedures and timetable are outlined here.
The applicant and their family members must swear an oath of allegiance before a notary public, judge of the peace, or commissioner of oaths who has been authorised by the state. Following the pledge of loyalty, the application for citizenship is handled further, and the citizenship certificates are properly issued as a result of the procedure.
There is no obligation to have a physical address. Although the government encourages new citizens to become more engaged in the economy, it also provides large incentives to make higher participation a more appealing alternative. The successful candidate has the right to take up residence in Dominica at any time and for an unlimited period of time after being selected. In order to be eligible to apply, any applicant who has been refused a visa to one of the countries with which Dominica has a visa-free travel agreement must thereafter successfully get a visa from the nation in which the refusal occurred.
Applicants for citizenship who have pre-existing dependents on the primary applicant as well as prospective spouses of those who have earned citizenship via the dominica citizenship by investment program are eligible to apply for citizenship, subject to the payment of extra costs. Newborn children of people who got citizenship under the programme, who are born after the citizenship has been obtained, may be registered for citizenship at any time after their parents have received citizenship.
Applications are handled by a citizenship by investment unit, which is a designated government entity under the Ministry of Finance that is in charge of the program's administration and administration of citizenship by investment. Currently, processing periods for applications range between three and six months from the date of receipt of a completely completed application.
