TIMSON Immigration
Dominica - Citizenship by Investment Program
1. Legal Basis
Dominica Citizenship Investment Act was promulgated in 1993. According to Section 101 of the Constitution and Sections 8 and 20 (1) of the Citizenship Act, if an investor makes contribution to the country's economy, he/she together with his/her dependents will be granted citizenship and passports of Dominica, and thereafter enjoy the same rights to live and work in the country as the local citizens.
The main applicant may apply together with the following dependants:
- Spouse;
- Children of the applicant and his/her spouse:
- aged under 18; or
- unmarried children aged 18 - 30 who are substantially supported and by the main applicant or the spouse;
- with physical or mentally challenged and who are substantially supported and by the main applicant or the spouse;
- Parents or grandparents of the main applicant and his/her spouse.
2. Requirements
To qualify for the Citizenship by Investment Program, the applicant shall:
- be at least 18 years old;
- have no criminal records;
- have passed the due diligence check conducted by the Government of Dominica;
- be healthy; and
- have completed the required investment.
3. Investment Options
Investors can choose one of the following investment options:
(1) Donation Option
The main applicant shall donate to the Government Fund of Dominica as follow:
- Main applicant: US$100,000
- Spouse: US$50,000
- Each additional dependant: US$25,000
- Family of (4) four persons: US$175,000
(2) Real Estate Investment
The main applicant shall invest an approved real estate investment with the purchase consideration of not less than US$200,000 and hold the Real Estate for at least 3 years.
The following government fees are payable in relation to applications through investments in approved real estate of the Programme:
- Main Applicant: US$25,000
- Family of (2) two to (4) four persons: US$35,000
- Family of (5) five to (6) six persons: US$50,000
- Family of (7) seven or more persons: US$70,000
In addition, certain taxes and other costs shall be payable upon the applicant’s investment in a real estate project. The investment can be re-sold (3) years after the date of investment and may be eligible for re-sale under the Citizenship by Investment Program (5) years after the date of investment.
4. Other Government Fees
Besides government fees payable in the real estate option, the following fees are payable to the Government of Dominica for each application under the Citizenship by Investment Program (All Options):
(1) Due Diligence Fee:
- Main Applicant: US$7,500
- Dependant aged 16 or over: US$4,000
(2) Processing fee: US$1,000/per application
(3) Certificate of Naturalisation Fee: US$250/per applicant
(4) Passport issue fee: US$ 1,200/each
5. Procedures and schedules
The documents and information requirements of the Citizenship by Investment Program of Dominica are quite reasonable and application procedures are very straight forward, but mandatory interview is required. Applications through the donation route can be approved in 3 to 6 months. However, applications through the real estate route can take 4 to 8 months before approval is obtained because the real estate route involves purchasing properties, which requires more paperwork. In addition, most investors would usually visit the country first before deciding to purchase real estates, and thus more the processing time is required.
6. Advantages of Dominica citizenship
a. Low investment amount: donation can be as low as US$100,000;
b. Short processing time: passports can be issued 3 - 6 months after submission the application;
c. Low entry requirements: no language, education, funding and business experiences are required;
d. One application for migration of up to four generations: the applicant together with his/her spouse, their children, parents and grandparents can obtain citizenship and passports of Dominica through one application;
e. No landing or residency requirements: the applicant and his/her dependents are not required to land or reside in Dominica for obtaining the citizenship and passports of Dominica;
f. Visa free/ Visa on arrival in more than 140 countries: successful applicants and their dependents can enjoy visa free/visa on arrival in more than 140 countries and regions worldwide, including Ireland, Singapore and Hong Kong;
g. Low tax regimes: there is no exchange controls, personal income tax, corporate income tax, value added tax or inheritance tax in Dominica. Citizens of Dominica are not required to pay tax on their income, interest, gifts, assets and inheritances obtained overseas;
h. Multiple citizenships allowed: dual and multiple citizenships are legally recognized in Dominica.
Note: This document is for reference only, all terms are subject to written contract.