DOMINICA: “THE CARIBBEAN ISALAND OF NATURE”
Dominica is known for its incredible natural beauty. On this stunning island you can find mountains and rainforests, rivers and waterfalls, magnificent beaches and a unique thermally active lake. The island is considered to be one of the best places to live: in addition to the extraordinarily beautiful natural landscapes, citizens of Dominica have the opportunity to live in a country with a high level of security, good ecology and a favorable social environment. Dominica is a politically stable state that refrains from any participation in international conflicts (thanks to this, citizens are not subject to restrictions and sanctions and can visit any countries without problems).
According to the head of the Department for the Granting of Citizenship through Investments (CIU) in the Commonwealth of Dominica, today this island nation is the carrier of a platinum brand in the Caribbean. Earlier in this capacity was the program of Saint Kitts and Nevis, but now it is Dominica who can offer the best conditions. The Dominica program has a good reputation, and after improving the procedure, its prestige has increased markedly.
THE MAIN REASONS OF OBTAINING THE PASSPORT OF DOMINICA
Along with such obvious reasons as the possibility of visa-free entry to a huge number of countries and obtaining benefits in doing business, the desire to acquire a second citizenship is often due to other important reasons, including:
Unstable political situation or military conflict in his native country. If it is necessary to leave the homeland due to the exacerbation of the political situation or the outbreak of hostilities, the citizenship of Dominica will ensure living in a safe country with an excellent climate.
Loss of first citizenship. Having a Dominica passport in the situation of losing the citizenship of your native country will help to avoid obtaining the status of a stateless person and the associated problems.
Taxation of foreign assets in the country of first citizenship. As a rule, paying taxes incurs significant expenses. The presence of a passport of Dominica allows you to avoid taxation of foreign income: there is no such practice in the island nation.
Frequent extension of the main passport. Some states require quite frequent renewal of the passport (often the interval is 5 years). The passport of Dominica has a 10-year validity period and is extended on a common basis with local residents.
Change the name and surname. When obtaining the citizenship of Dominica there is no need to indicate the real name and surname, therefore it is possible to change them. An important point: in those states where there is a ban on second citizenship, changing the name and surname may incur criminal penalties.
Criminal or political prosecution in the home state. In such a situation, having a Dominica passport will ensure legal security for your assets.
The presence of barriers to doing business. Citizenship of a country that is unfavorable from the standpoint of financial security may make it impossible to conduct business. The way out of the situation will be the passport of Dominica: this island nation is one of the countries with high financial reliability, which opens up broad opportunities for international business.
THE ADVANTAGES OF DOMINICA’S CITIZENSHIP
- Having an alternative place of residence in a safe and politically stable country with a mild climate;
- Full confidentiality;
- Favorable tax system (citizens do not pay a number of significant taxes);
- Simplified procedure for obtaining citizenship (selective interview is possible);
- No need for permanent residence in the country while retaining all the possibilities of a citizen;
- Registration of the passport of Dominica is possible without refusing the first citizenship;
- Visa-free entry to approximately 100 countries;
- The possibility of obtaining a US visa for 10 years;
- No minimum education requirements;
- Favorable conditions for doing business (membership of Dominica in CARICOM, fast registration of a company, etc.).
- Dominica is a member of CARICOM
The membership of Dominica in CARICOM makes it possible to conduct business activities with the countries - members of the alliance. Passport holders can enjoy all the benefits provided by the union: for CARICOM member countries (the community includes 15 countries of the Caribbean, including Dominica) there are no restrictions on imports and exports, customs barriers are removed, etc. As a result, a passport holder can conduct business in any country of the alliance on the most favorable terms.
THE CONDITIONS OF OBTAINING THE CITIZENSHIP AND PASSPORT OF DOMINICA
The citizenship program involves the choice of one of two options: an investment in the National Development Fund or an investment in real estate. When choosing the first option - investing in the National Development Fund - the size of the investment is: $ 100,000 - the main applicant; $ 175,000 - the main applicant, as well as the spouse and one dependent; $ 200,000 - the main applicant, as well as the spouse and two dependents; $ 25,000 - each additional dependent.
When choosing the second option - investing in real estate - the purchase of real estate objects in an amount exceeding $ 200,000 is required (the objects must be more than five years old) When buying a property, a fee is paid, the amount of which is $ 50,000 for the main applicant and dependents over 18 years of age; $ 75,000 for a family of four; $ 100,000 for a family of six people; $ 20,000 for each additional dependent person under 18; $ 25,000 for each additional dependent over 18.
The cost of accompanying the process is $ 25,000. Also, when registering citizenship, the service of checking the criminal past is paid, the cost of which is $ 7,500 for the main applicant and spouse; $ 4,000 for an applicant over 16 years old.
LIST OF COUNTRIES FOR VISA-FREE ENTRY WITH DOMINICA’S PASSPORT
The presence of Dominica citizenship makes it possible to significantly simplify visits to foreign countries. Below is a list of countries for visa-free entry, which includes:
- ANTIGUA AND BARBUDA
- BRITISH VIRGIN ISLANDS
- CAPE VERDE
- CAYMAN ISLANDS
- COMOR ISLANDS
- ISLANDS COOK
- COSTA RICA
- CZECH REPUBLIC
- DOMINICAN REPUBLIC
- EAST TIMOR
- GRENADA AND GRENADINES
- HONG KONG
- SOUTH KOREA
- SECONDARY ISLANDS
- MARSHALL ISLANDS
- NETHERLANDS ANTILIAN ISLANDS
- NORTHERN MARIAN ISLANDS
- WESTERN SAMOA
- SAN TOME AND PRINCIPE
- SEYCHEL ISLANDS
- SOLOMON ISLANDS
- SAINT KITTS AND NEVIS
- SAINT LUCIA
- SAINT VINCENT AND THE GRENADINES
- BAHAMAS ISLANDS
- TRINIDAD AND TOBAGO
- TERX AND KAYKOS
- UNITED KINGDOM