Welcome to Dominica Citizenship By Investment
Welcome to the enchanting world of Dominica, a hidden gem in the Caribbean that boasts unspoiled natural beauty, a rich cultural heritage and a promising economic landscape. The island’s lush rainforests, mesmerizing waterfalls and crystal-clear waters make the Dominica Citizenship by Investment program an irresistible choice for investors who value both quality of life and smart financial decisions.
Since its establishment in 1993, the Dominica Citizenship by Investment program (CBI) has steadily gained popularity. Over the years, this tropical paradise has become a top destination for people in search of new opportunities, boundless freedom, and a secure, welcoming environment.
A Dominica passport opens up a world of possibilities, providing extensive global mobility for its holders. The nation itself is known for its political and economic stability, as well as a favorable tax system. With a thriving eco-tourism industry, growing agricultural exports and a strong Citizenship by Investment program, Dominica is the perfect place to plant the seeds for a bright and prosperous future for you and your loved ones.
About The Island
Dominica, officially the Commonwealth of Dominica, is a tropical paradise nestled in the heart of the Caribbean. This stunning island nation boasts extraordinary scenery, a vibrant local culture and an attractive investment environment. By obtaining Citizenship by Investment, you can unlock the potential of this incredible island for you and your family.
CAPITAL
Roseau
POPULATION
73,925
TOTAL AREA
750 km²
CURRENCY
East Caribbean Dollar
Geographical Location and Climate
Located between the French territories of Guadeloupe to the north, and Martinique to the south, Dominica is part of the Lesser Antilles in the Eastern Caribbean. Its 290 square miles (750 square kilometers) of lush, mountainous and volcanic terrain is home to volcanic peaks, hot springs and numerous waterfalls.
Dominica has a tropical climate with temperatures ranging from 75°F (24°C) to 85°F (29°C) throughout the year. The island experiences two distinct seasons: the wet season from June to November (which coincides with the Atlantic hurricane season) and the dry season from December to May. The island’s mountainous terrain and abundant rainfall make it one of the greenest and most fertile islands in the Caribbean, earning it the nickname “Nature Island.“
Language and Culture
Dominica’s rich cultural heritage is a reflection of its diverse history. While English is the official language, many residents also speak French Patois (Kwéyòl), which is a French-based Creole language. The island is also home to the Kalinago people, the indigenous inhabitants of Dominica who have preserved their unique customs and traditions.
Dominica’s culture is a blend of African, European and indigenous influences. This creates a colorful tapestry of music, dance, cuisine and folklore. The annual World Creole Music Festival and the island’s vibrant Carnival celebration showcase the island’s cultural diversity and creativity.
As a member of the Organisation of Eastern Caribbean States (OECS) and the Caribbean Community (CARICOM), Dominica enjoys close political, economic and social ties with other Caribbean nations, further enriching its cultural landscape.
Economic Overview
Dominica’s economy is primarily driven by tourism, agriculture and its Citizenship by Investment program. The island is well-known for its eco-tourism offerings which include hiking, bird-watching and scuba diving. Dominica’s pristine rainforests, crystal-clear waters and abundant marine life make it an attractive destination for travelers seeking a sustainable and authentic Caribbean experience.
Agriculture remains an important sector of the island’s economy, largely dominated by the production of bananas, citrus fruits and other tropical crops. Additionally, Dominica has been diversifying its agricultural exports to include niche products such as coffee, cocoa and essential oils.
Its Citizenship by Investment program, established in 1993, has become a major contributor to Dominica’s economic growth. By offering foreign investors the opportunity to obtain citizenship through various investment options — such as a non-refundable contribution to the Economic Diversification Fund (EDF) or an investment in pre-approved real estate projects — the program has generated significant revenue for the island. This has been invested in infrastructure, education, healthcare and other sectors.
Why Choose The Dominica Citizenship Program
FAST APPLICATION PROCESS
You can obtain your Dominican Citizenship in as little as 3-4 months, without the need to visit or reside in Dominica.
VISA-FREE TRAVEL
Once your Dominican citizenship is approved, you can travel to over 145 countries visa-free.
FAMILY SAFETY AND FUTURE SECURITY
Dominica allows dual citizenship, therefore, there is no need to renounce your original citizenship. Your spouse, dependent children, and parents can apply for their Dominican passports along with you.
BUSINESS BENEFITS
Dominica passport holders benefit from its attractive tax regime, including access to generous incentive packages like corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance.
How to Qualify for the Dominica Citizenship by Investment Program
Who can Apply For The Domica Citizenship By Investment Program?
The Dominica Citizenship by Investment program is an exceptional opportunity for foreign nationals to obtain dual citizenship, offering a wealth of benefits such as increased travel freedom and improved lifestyle security. This program is particularly designed for those who meet the following criteria:
Main Citizenship Applicant
For successful enrolment into the Dominica citizenship program, the main applicant is expected to:
– Be above 18 years of age
– Exhibit outstanding character traits
– Have an excellent health condition
– Possess no criminal records
– Pass an in-depth background examination
Family Members
Dominica’s commitment to promoting family unity extends to its Citizenship by Investment program. The following family members can be included in your application and subsequently become proud holders of the Dominica passport: – Legally married spouse – Biological or legally adopted children under 18 – Dependent children between 21 and 30, who are full-time students and financially reliant on the main applicant or their spouse – Single daughters under 25 who live with and are supported by the main applicant or their spouse – Mentally or physically challenged dependent children – Dependent parents and/or grandparents over 65 years old
Best Suited Nationalities for the Dominican Citizenship by Investment Program
While open to all eligible applicants regardless of their existing citizenship, our experience reveals that the Dominica citizenship program is particularly beneficial for nationals hailing from Afghanistan, Africa, the Arab region, and Iran.
These expats find numerous advantages in Dominican citizenship due to the vast array of benefits a second residency or citizenship offers. These include heightened physical safety, better education and healthcare facilities, and broader travel opportunities via the Dominica passport – an esteemed travel document recognized globally.
For example, only five countries globally, including Dominica, accept citizenship applications from Afghan nationals. It’s worth noting that those Afghan nationals who migrated before the age of majority and/or have maintained permanent residence in another country for at least ten years are also welcome to apply under certain conditions.
Dominican Citizenship By Investment (CBI) Investment Options
The Dominica Citizenship By Investment Program (CIP) offers potential investors two main routes to obtain citizenship in the beautiful Caribbean island nation.
1. Economic Diversification Fund (EDF)
The first investment option is a direct monetary contribution to the Economic Diversification Fund (EDF). This non-refundable donation supports the development of key sectors in the country, including education, healthcare and infrastructure.
The minimum investment for a single applicant is USD 100,000, with the addition of a spouse increasing the investment amount to USD 150,000. The amount increases with the size of the applicant’s family, reaching up to USD 175,000 for the main applicant and up to three dependants. It will then cost an additional USD 25,000 for any additional dependent under 18 years of age, and USD 50,000 for additional dependents 18 years or older.
Additional Fees (EDF Option)
| Main Applicant | Spouse | Children under 16 years of age | Children over 16 years of age | |
|---|---|---|---|---|
| Due Diligence Fee | USD 7500 | USD 4000 | Nil | USD 4000 |
| Application Processing Fee | USD 1000 | USD 1000 | USD 1000 | USD 1000 |
| Registration Fee | USD 750 | USD 750 | USD 750 | USD 750 |
| Citizenship Certificate Fee | USD 250 | USD 250 | USD 250 | USD 250 |
| Expedited Passport Fee | USD 1200 | USD 1200 | USD 1200 | USD 1200 |
| Interview Fee | USD 1000 | USD 1000 | USD 1000 | USD 1000 |
2. Real Estate Investment
The second investment route is the purchase of government-approved real estate. The minimum investment required for this option is USD 200,000, and the property must be held for a minimum of three years. In addition to the investment amount, there are government, due diligence and processing fees that applicants must pay.
Both investment options offer several benefits including: visa-free or visa-on-arrival access to over 140 countries, no requirement to reside in Dominica, no wealth or income tax and the ability to include family members in the application. Moreover, the application process is faster, taking approximately three to six months, and can be conducted remotely.
Additional Fees (Real Estate Option)
| Main Applicant | Spouse | Children under 16 years of age | Children over 16 years of age | |
|---|---|---|---|---|
| Due Diligence Fee | USD 7500 | USD 4000 | Nil | USD 4000 |
| Application Processing Fee | USD 1000 | USD 1000 | USD 1000 | USD 1000 |
| Government Fees | USD 25,000 | USD 10,000 for 3 additional dependents | USD 25,000 for 5 additional dependents *and USD 25,000 for any additional dependents |
|
| Registration Fee | USD 750 | USD 750 | USD 750 | USD 750 |
| Citizenship Certificate Fee | USD 250 | USD 250 | USD 250 | USD 250 |
| Expedited Passport Fee | USD 1200 | USD 1200 | USD 1200 | USD 1200 |
| Interview Fee | USD 1000 | USD 1000 | USD 1000 | USD 1000 |
Dominican Citizenship By Investment Application process And Timline
Gaining Dominican Citizenship by Investment requires going through specific steps and processes to meet specific legal, financial, and character requirements outlined by the government’s Citizenship By Investment Unit (CBIU).
1. Choose Your Type of Investment
The first step to obtaining Dominican Citizenship by Investment is deciding between either an economic contribution to a government-established fund or purchasing approved property in the country.
2. Engage the Services of an Authorized Agent
Before starting the application process, it’s crucial to establish a professional relationship with an Authorized Agent (like Next Generation Equity) who will act as your direct link with the CBIU. We will ensure we maintain complete confidentiality of all your personal information conveyed during this process.
3. Submit an Application
You need to sign the relevant forms that your authorized agent (Next Generation Equity) has put together for you. The CBIU doesn’t accept forms directly from applicants. Your authorized agent will submit the forms on your behalf after you have signed them.
4. Due Diligence Check
All applicants above 16 years of age are subjected to comprehensive due diligence procedures conducted by highly reputable private investigative agencies commissioned by the Government of Dominica. These applicants will need to attend a personal interview either in person or online.
5. Approval & Resource Commitment
Following satisfactory completion of due diligence checks, usually within 60-90 days from application, you will receive a letter of approval which is known as ‘approved in principle’.
6. Make Your Investment
Make the required economic contributions or real estate investments, depending on which option you have chosen.
7. Citizenship Confirmation & Passport Issuance
After your investment has been made, the CBIU will prepare the documents. Your passport/s and naturalization certificates will be issued within 4 weeks, effectively rendering you an official Dominican citizen.
Please note that whilst adult passports are valid for 10 years, children’s passports (under 16 years old) only last for 5 years, so they will need to be renewed at any Dominica consulate, embassy, or passport office within Roseau.
This well-streamlined and cost-effective Citizenship by Investment program largely contributes to Dominica’s popularity within international circles – a testament to the country’s commitment to transparent dealings and respect for global citizenship principles.
Benefits of Dominica Citizenship By Investment
Dominica citizenship by investment is an attractive option for individuals and families seeking a hassle-free way to obtain a second passport. As the most affordable Caribbean citizenship program, it offers numerous benefits.
Firstly, the Dominica passport provides ultimate flexibility with a total cost of USD$100,000 for single applicants, making it the most economical choice worldwide. The seamless application process includes no residency requirements or language tests and can be completed remotely without interviews. With processing times ranging from three to six months, obtaining Dominica citizenship can be achieved efficiently.
Including your entire family in your application means this lifelong citizenship will pass down through generations. As Dominica citizens, you and your loved ones will enjoy visa-free access to over 140 countries, including European nations, the UK, Russia, China, Singapore and Hong Kong- providing ample travel opportunities.
Consistently ranked as one of the best countries for its Citizenship by Investment Program by CBI Index, opting for Dominica’s Citizenship by Investment program should be on your radar.
Taxes in Dominica for Expats
Dominica’s tax system plays a significant role in attracting individuals seeking citizenship through the island’s Citizenship by Investment (CBI) program. Its advantageous taxation policies are favorable for economic citizens regardless of their residency status, making the Caribbean country one of the most desirable tax havens for both investors and corporations.
Personal Income Tax in Dominica
Personal income tax rates in Dominica have retained an advantageously low level compared to many global tax schemes.
The tax rates on personal income are as below:
XCD 0 to XCD 30,000 (USD 11,100)= 0%
XCD 30,001 to XCD 50,000 (USD 18,500)= 15%
XCD50,001 to XCD 80,000 (USD 29,600)= 25%
XCD 80,001 and above= 35%
Current brackets range from no tax on income between $0 – $30,000 to a maximum tax rate of 35% for annual income above $80,001. Notably, the average income in Dominica was around $7,870 in 2019 – far below the threshold for tax payments. Economic citizens enjoy various benefits, including zero capital gains tax. In fact, the Dominican tax regime excludes levies on capital gains, inheritance, payroll, or property.
Income Tax Obligations for Non-residents In Dominica
While non-residents normally have obligations to pay tax on income originating from within Dominica, there’s a lack of residency requirements for Dominican citizenship. This means that expats can reap the benefits of the Dominican tax system without actually residing in the country.
Corporate Tax
The same principle applies to corporate entities as well. While local corporations face a 25% tax rate, international corporations do not incur corporate taxes. As an additional incentive, double taxation treaties are signed with CARICOM countries, which help avoid paying tax on the same income twice. Non-residents of Dominica also must note that they are subject to a withholding tax of 15 percent on earnings like dividends, interest on deposits, rental yield, and royalties.
Property and Other Taxes In Dominica
No taxes are levied on purchasing or selling property in Dominica, providing yet another nudge for foreign investment. Though municipal tax, stamp duty, and legal fees may apply during transactions or ownership, the income generated from property sales remains untaxed. For those planning to own vehicles or yachts, yearly road tax/ license and registration fees will apply, respectively. Similarly, various forms of taxes impact different sectors of the economy, each designed to bolster Dominica’s socio-economic environment while still maintaining its allure for overseas investors.
The associated costs with buying and selling property are as below:
Transfer Tax (seller)- 2.5%
Transfer Tax (buyer)- 4%
Judicial Fee (buyer)- 2.5%
Assurance Fee (buyer)- 1%
Dominica Citizenship by Investment FAQs
How much investment is required for Dominican citizenship?
In 2023, the minimum investment required for the Dominica Citizenship by Investment Program is USD 100,000. There are two investment options: a non-refundable contribution to the Economic Diversification Fund (EDF) or a purchase of government-approved real estate. For the EDF option, the minimum investment is USD 100,000 for a single applicant, with the amount increasing for larger families. For the real estate option, the minimum investment is US$200,000, with the property held for at least three years.
How long does the Dominica citizenship process take?
It typically takes between three to six months to obtain Dominica citizenship from the submission of a complete application. This timeframe may vary depending on the specific case and the thoroughness of the due diligence process.
How much money do you need to retire in Dominica?
There is no specific amount of money required to retire in Dominica. However, a comfortable retirement in Dominica would depend on factors like lifestyle, healthcare, and housing preferences. Generally, the cost of living in Dominica is lower than in many Western countries. A budget of USD 1,500 to USD 2,500 per month for a couple should suffice for a comfortable retirement, covering housing, utilities, groceries, healthcare and leisure activities.
How do I get permanent residency in Dominica?
Obtaining permanent residency in Dominica can be achieved through different methods such as long-term residence, family reunification or investment. If you are not applying through the Citizenship by Investment Program, you must first reside in Dominica for a certain period (usually five years) and meet specific requirements, such as financial self-sufficiency and good character. After meeting the eligibility criteria, you can apply for permanent residency through the appropriate channels (such as the Dominica Immigration Department). It is important to consult with immigration experts or legal professionals for up-to-date information and guidance on the application process.
Will I need to pay tax in Dominica?
In Dominica, you will enjoy a tax-free status if you choose not to live there. However, if you decide to establish residency for six months or more after you obtain Dominica citizenship, taxes on worldwide income will be charged. Dominica has double taxation treaties with the USA and CARICOM, allowing unrestricted repatriation of profits or imported capital. The country also offers several corporate tax incentives, a complete waiver from import duties, tax relief benefits, and export allowances. Additionally, Dominica provides generous tax holidays and other import duties and tax waivers.
