The Dominica Citizenship by Investment program was created as a stimulus for domestic economic growth in 1993 and has established itself as a reliable option in the global community. The Commonwealth of Dominica became one of the Caribbean's few republics upon its 1978 independence from the United Kingdom. This volcanically active island located in the Lesser Antilles is known as the "Nature Isle of the Caribbean" and is largely covered by thick rainforest. Averaging only 50,000 visitors a year, tourism is still in its infancy in Dominica, where the principal economic generator continues to be in the agricultural sector. The island has one of the lowest gross domestic products in the Caribbean. Dominica is just less than 300 square miles (750 km2) in size, with the majority of the English-speaking population (72,660) living around two population centers, Roseau and Portsmouth, located on the West coast. Dominica is a full and participating member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS).
A Dominica passport allows visa-free travel to more than 80 countries, including the United Kingdom and CARICOM nations. Dominica imposes no residency requirements to obtain, nor maintain, citizenship and there are no taxes imposed on citizens who do not reside in Dominica; however, those who do reside in Dominica are subject to substantial taxes on worldwide income.
The first step towards Dominica citizenship is commencing a background due diligence check. This service is performed by a government authorized third party agency. After an initial review, the agency will define the fee to be charged based on the citizenship, age and number of countries in which the applicants have lived. Once the background check has been initiated, TDV's staff and agents on the ground will assist with properly initiating and carrying out the citizenship application process.
Dominica requires applicants to travel to the island for interviews and background checks by a government appointed committee. After the background check and application document have been processed and accepted, an appointment will be set for the interview with the approval committee. If a applicant is unable to visit the island, TDV can arrange for the committee to travel to a destination agreed upon by TDV's client and the committee to complete the interview process.
For families looking for second citizenship, the investor-applicant contributes $175,000 to over $300,000, depending on the number of family members, to the Dominica government, subsequently qualifying the family, subject to the due diligence process.
In the case that the investor is the sole applicant, the investor would be required to make an investment of $100,000. In the case that the applicant is not accepted, the contribution is returned, less the application fee, but TDV's agents have a nearly flawless record with applicant approvals.
Other Applicable Fees
|A) Single Applicant
||A non-refundable contribution of US$100,000
|B) Family Application One (Applicant plus spouse)
||A non-refundable contribution of US$175,000.
|C) Family Application Two
(Applicant plus one spouse and two children below the age of 18 years)
|A non-refundable contribution of US$200,000
|D) Family Application Three
(Applicant plus one spouse and three children below the age of 18 years)
|A non-refundable investment of US$200,000.00 and US$50,000.00 for every additional person below the age of 18
Application fee - US$1,000 per investor (Non-refundable)
Processing Fee - US$200 per applicant (Non-refundable)
Naturalization Fee - US$550 per applicant
Stamp Fee - US$15 per applicant
Step 1: TDV commences due diligence process upon payment of relevant fees and receipt of signed consent for background checks to be carried out by a specialized independent agency. Cost of due diligence is based on the number of family members, ages, number of countries they have resided and in which the main applicant has or has had business operations.
Step 2: TDV prepares government application forms and supporting documentation for submission.
Step 3: Application is submitted and the government of Dominica advises TDV as to whether the application was approved in principle or denied.
Step 4: Upon government approval in principle, the client is requested to pay the required contribution to the Ministry of Finance and Planning at the National Bank of Dominica.
Step 5: The compulsory interview with the Dominica government appointed committee is issued at this time. If the client is unable to travel to Dominica TDV will arrange to have the committee travel to meet the client, at the client's expense.
Step 6: The signed, notarized Oath of Allegiance will then be submitted to the Ministry of Foreign Affairs, Immigration and Labour to complete the submission process.
Step 7: Upon approval by the Minister of Dominica, the client is issued a Certificate of Naturalization and the client's passport will be issued within one week.
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