BY INVESTMENTS
A fantastic place with untouched natural beauty, Dominica is probably the most spectacular Caribbean island. There is one of the highest standards of living in the region.
Officially, The Commonwealth of Dominica, this beautiful island boasts pristine sandy beaches, lush green mountains, acres of unspoiled tropical rainforests, and some of the best diving and hiking in the Caribbean. A diverse blend of English, French, African and Carib peoples and cultures, Dominica is a politically and economically stable state with the lowest crime rate in the region. The Economic Citizenship Program in Dominica offers applicants a wealth of benefits and privileges, including:
1. Investments in National Development Fund:
2. Investments in real estate:
Purchase of real estate for $200000 and more. Property must be owned for at least 5 years. Property registration, processing fees and taxes are paid separately.
Citizenship of the following territories and states is not granted Dominica citizenship: Chechnya, Afghanistan, North Korea, Iraq, Pakistan, Saudi Arabia, San Tome Principe, Somalia, Turkmenistan, Sudan, Yemen, and Uzbekistan.
Exceptions are applicants who have been legal residents of other states for 10 or more years and their investment funds do not originate from the above-mentioned territories and states.
«Cabrits Resort Kempinski Dominica» is the first project approved by the Dominica government in accordance with the Citizenship through Investments program. The five-star resort consists of 106 rooms that are built according to environmental requirements. Return on investment of 2-5% per year.
The minimum number of investments is $220 000. Investments in the project provide investors with Dominica citizenship.
As a recognition of the investment, the investor will be assigned the highest level of loyalty program participant.
Dominica is considered one of the most attractive and affordable options for obtaining a second passport: the migration program of this island state has been in place for more than twenty years. The country can offer comfortable conditions for permanent residence and business, an optimal tax system, visa-free travel and many other benefits. Consider the pros and cons of Dominica citizenship.
Advantages:
The program has earned a good reputation, thanks to which the registration of citizenship of this state is in great demand. In addition, the improvement of the migration program has made the acquisition of Dominica citizenship even more profitable and prestigious. So, the main advantages of Dominica citizenship include:
Disadvantages:
The process of obtaining citizenship in Dominica has recently been greatly simplified from June 1, 2017, the government reduced the number of documents required to obtain a new passport. These documents that were previously included in the mandatory list will no longer be useful to you:
These innovations are designed to save investor time. However, not all so simple. So, you still have to do financial reports and a bank certificate, but you will not be submitting these documents to the migration service, but directly to the bank during the transfer of investment funds. As for the vaccination cards and characteristics, they really will not be needed anywhere.
Citizenship in Dominica: a staged process:
Obtaining citizenship of Dominica can be divided into several stages, during which you need to:
Collect documents:
What needs to be done to start the process of obtaining citizenship in Dominica? First, prepare all the documents. Here is a list of basic documents, but it is open we draw your attention that, most likely, other papers may be required.
Important points.
To become an investor, and, subsequently, to obtain citizenship, the applicant must be at least 21 years old. It is significant to know English, at least at the basic level it is in it, and not in Russian or in any other language, that the questionnaire must be filled out. Remember that all documents must be issued no more than three months ago, and copies must be certified by a notary.
The Commonwealth of Dominica recognizes only officially registered marriages, regardless of the presence of joint children. Thus, the inclusion of a common-law wife / common-law husband in the application is not allowed. In this case, everyone must apply separately.
In most cases, the term for consideration of documents takes no more than two months.
Payment from a personal account is not a mandatory requirement: most importantly, the applicant must confirm that he is directly related to the company from whose account the fee will be paid. From a practical point of view, the option with payment from a personal account is more preferable: as a rule, this raises fewer questions and does not require additional documents.
No, citizenship of the Commonwealth of Dominica is perpetual. The passport has a limited validity period: it is issued for 10 years (for children for 5 years), followed by the standard procedure for its replacement.
If you have a license obtained in the country of first citizenship, obtaining a local driver's license is not difficult (you will not need to take exams and pass tests). However, the registration process presupposes the presence of a place of permanent residence in the territory of the Commonwealth of Dominica (as confirmation can be a lease agreement for residential real estate) and visits to the relevant government agencies. Thus, it is impossible to obtain the rights in absent
Holders of a passport of the Commonwealth of Dominica do not need a visa to visit the countries participating in the Schengen Agreement. As a rule, citizens of Dominica can stay in these countries for 90 days.
Obtaining citizenship on the basis of the acquisition of real estate is not the only option that the state migration program can offer. The issuance of a second passport is also possible on the basis of a contribution to the State Development Fund (the investment is irrevocable).
Cancellation of citizenship is allowed only when certain circumstances arise, the list of which is strictly regulated. In particular, a passport can be canceled if the fact of obtaining citizenship by fraudulent means or when its holder is imprisoned.
The Dominica Migration Program allows the inclusion in the application of parents who are at least 55 years old. In some cases, it is possible to grant citizenship to the investor's parents who have not reached this age.
Citizens of the Commonwealth of Dominica can count on complete confidentiality. The authorities do not forward data on the issuance of a passport to the country of first citizenship and do not share this information with third parties.
Dominica is distinguished by a fairly high level of security, political stability, favorable social environment and developed infrastructure. An important advantage is the fact that the state avoids participation in international conflicts. However, when moving to a country, you need to take into account that its territory is located in the zone of passage of cyclones, therefore, serious hurricanes are possible.
Citizens of the Commonwealth of Dominica can stay in the UK for 180 days a year. Thus, permanent residence in the country is not allowed.
In practice, such situations are quite rare. As a rule, this happens if the applicant provides inaccurate information or in the presence of serious violations of the law. Also, the reason for the refusal may be the fact that the provision of a passport to a person entails a threat to the security of Dominica. In addition, the reason for the negative decision may be the refusal to issue a visa to the country with which the Commonwealth of Dominica has a visa-free regime.
Citizenship of the Commonwealth of Dominica is ideal for those looking to take their business internationally. The state is a member of "CARICOM", thanks to which its citizens can conduct business in any country of the alliance. In addition, the country has a rather attractive taxation system and comfortable conditions for entrepreneurship have been created.
No, the absence of requirements for living in the country and visiting it is one of the undoubted advantages of the Commonwealth of Dominica program. The holder of citizenship may never come to the country at all and at the same time enjoy all the benefits of being a citizen. Requirements for residence for a certain period are established only if the citizen wishes to vote in elections.
The Commonwealth of Dominica program is known for its affordability: applicants for citizenship must meet standard requirements (no criminal record, successful due diligence, no serious illness). In addition, the applicant must be able to confirm the legal origin of the invested funds. There are no requirements for the level of education and the level of proficiency in the state language of Dominica.
The presence of a criminal record in the certificate may be the reason for the refusal to issue Dominica citizenship, but this is not necessary. Send us your police clearance certificate and we will talk to the state structures of the country about the possibility of applying and registering citizenship directly in your situation.
Quick change of name and surname is one of the main advantages of Dominica Citizenship.
We will be happy to organize such a kit for you. We do just such tasks quite often.
Yes, such a service is possible. It is advisable to inform about this in advance, at the time of applying for citizenship.
To answer this question, we need to see your bank statements for three years and a list of your property.
Yes, it is possible, if you need it.
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