Dominica Citizenship By Investment

Dominica offers an attractive citizenship program with a real estate option. Required contributions start from USD 100,000.One of the most beautiful islands in the Caribbean, the Commonwealth of Dominica established its citizenship by investment program in 1993 to boost its investment. Dominica is a former British colony and a member of the Commonwealth of Nations, the UN, the Organization of American States, CARICOM, and other international organizations.

Benefits of Dominica Citizenship
Visa-free or visa-on-arrival travel to 144 destinations including Europe’s Schengen Area, Hong Kong, and Singapore
Ability to include a spouse, children under 31, unmarried siblings under 26, and parents and grandparents of any age, as well as to add dependents after citizenship has been granted to the main applicant
Citizenship-by-descent available for future generations
Right to live, work, and study in Dominica
No restrictions on dual citizenship in Dominica
No minimum stay required

Investment Options/Requirements for Dominica Citizenship

To qualify for citizenship under the current regulations, applicants may choose from one of two options:

A non-refundable contribution to the Economic Development Fund of USD 100,000
An investment in an approved real estate development with a minimum value of USD 200,000

Procedures and Time Frame for Dominica Citizenship

The applicant and their family are required to take an oath of allegiance before an authorized notary, justice of the peace, or commissioner of oaths. After pledging allegiance, the application for citizenship is processed further and the citizenship certificates are duly issued. Finally, the passport application can then be lodged and the passports issued.

There is no physical residence requirement. However, the government encourages new citizens to become further involved in the economy, and substantial incentives are on offer to make increased involvement an attractive option. The successful applicant has the right to take up residence in Dominica at any time and for any length of time. Any applicant who has been denied a visa to a country with which Dominica has a visa-free travel agreement must subsequently successfully obtain a visa from that country in order to be eligible to apply.
Pre-existing dependents of the main applicant and future spouses of persons who obtained citizenship through the Dominica Citizenship by Investment Program can apply for citizenship, subject to additional fees. Newborn children of persons who obtained citizenship through the program, born after the citizenship has been obtained, can be registered for citizenship at any time.

Applications are processed by a citizenship by investment unit, a dedicated government authority within the Ministry of Finance that is responsible for the management of the program. Processing times for applications is currently three months from the receipt of a fully completed application

Also Read https://citizenshiphubs.com/centi-millionaires-report/