Dominica Citizenship – IPC

Dominica Citizenship

THE FASTEST AND EASIEST WAY TO CITIZENSHIP


DOMINICA PERMANENT CITIZENSHIP:

Investment options
Economic Diversification Fund Donation
Single Applicant
  • A single applicant is required to make a non-refundable contribution of USD 100,000 to the Economic Diversification Fund.
Family Options
  • A married couple (2 persons) is required to make a non-refundable contribution of USD 150,000 to the Economic Diversification Fund.
  • A non-refundable contribution of USD 175,000 qualifies a family of 4 including the main applicant, the spouse, and two other dependents other than dependent siblings.
    In addition to:
  • USD 25,000 for each family member from the 5th member onwards: child, parents or siblings under 18 years old.
  • USD 50,000 for siblings between 18 and 25 years old.
Real Estate Investment
  • Applicants may purchase property valued at a minimum of USD 200,000 in a government-approved real estate development. The real estate must be maintained for at least 3 years. And after 3 years, it can be sold and the capital returned to the investor.

Benefits
  • It is one of the oldest passport programs (since 1993) and one of the cheapest in the Caribbean.
  • Inclusion of elderly dependent.
  • Visa-free or visa upon arrival to around 144 countries. In addition to a 10-year tourist visa to the US.
  • Live, work and study in the island.
  • No visit requirements to the country prior or after getting the Dominica citizenship.
  • No restrictions on dual citizenship in Dominica.
  • No physical residency requirements.
  • Citizenship by descent available for future generations.
  • No taxes for non-residents.
  • Citizenship in the country is never revocable under any circumstances.
  • A citizenship by investment Dominica passport is valid for 10 years at a time, and can be renewed for life. But Dominica passports issued to children under 16 years old are valid for a duration of 5 years.
  • Ability to include family members in the citizenship program application:
  • Spouse.
  • Children under 30 years old. With a proof that they are financially dependent on the applicant for the children above 18 years old.
  • Parents and parents in law over 55 years old.
  • Siblings:
    -Under 26 years old.
    -Unmarried.
    -Have no children.
    -Financially dependent on the applicant.
    -Consent of their parents or guardians if under 18 years old.
  • As well as to add dependents after citizenship has been granted to the main applicant.
  • Varieties of investment options: Governmental donation or real estate investment.
  • No education or managerial experience or language required.
  • Investment in real estate could be retained after 5 years.
  • You will have the same rights as people who were born on the island.

WHY INVEST IN DOMINICA:

  • It is a member of the Commonwealth of Nations, the United Nations, the Organization of American States, the Organisation Internationale de la Francophonie, the Organization of Eastern Caribbean States and the Non-Aligned Movement.
  • Free movement of profit and dividends with no capital gains, estate or death taxes.
  • Tax Free for Non-Residents.
  • Dominica is a member of the Commonwealth, which entitles citizens to certain privileges in the UK and other Commonwealth countries.
  • Ranked 6th by FDI Intelligence for cost effectiveness in the Caribbean & Latin America.
  • Ranked 8th by FDI Intelligence for safety, political stability, health and education services per population and life expectancy.
  • Prices are much lower in the cities and rural areas than in the United States or Canada.
  • The peace and quiet, the fresh air, the colors, the heritage, and the embrace of nature.
  • An English speaking, educated, and trainable workforce with 95% literacy.
  • Stable macroeconomic environment and mature democracy.
  • Unrestricted foreign ownership of businesses.
  • Steady sea and air transportation to major markets and destination.
  • Privileged access to major international markets and agreements with Europe.
  • Has multinational companies for life and medical insurance.
  • Low cost of living.
  • Lowest crime rate in the region.
  • Dominica is a secure offshore tax haven.
  • Offshore companies registered in the state receive 20-year tax holidays and do not pay income, profits, inheritance, wealth, and other taxes. Instead, such companies pay a registration fee and government levy annually.
  • No restriction on the repatriation of corporate profits or imported capital, generous export allowances, duty-free trading in the Caribbean, and full exemptions from import duties.
  • Dominica does not have property tax. A municipal tax is paid to the city and village councils.
  • It is a politically and economically stable state.
  • It has a beautiful nature that is mostly untouched by mankind.
  • Agriculture has long been the country's economic mainstay, with banana production directly or indirectly employing more than one-third of the island's workforce.
  • Fair treatment for local and foreign investors.
  • Free conversion of funds, free access to international currency in local commercial banks and the Central Bank.

ABOUT DOMINICA:

  • Official Name: The Commonwealth of Dominica
  • Form of Government:Parliamentary Democracy within Commonwealth of Nations
  • Capital: Roseau
  • Population: 71,808
  • Official Language: English- French based Creole (Patois) is widely spoken
  • Currency: Eastern Caribbean dollar
  • Area: 751 KM2
  • Education: Literacy by 94% English Education - Private and Public Preschool education &Elementary education are Free and compulsory. Secondary& High school are free and not compulsory.
  • Culture: Caribbean Creole Culture- Mixed of African & European Traditions
  • Environment:Mountainous volcanic island with rainforest cover, white sand beaches
  • Health Care: Largely Financed by general Taxes Indigent, Communicable diseases, pregnant women and children under 17 are exempt from medical care charges
  • Taxation: 15%
  • Tourism: Tourism in Dominica contributes Greatly to its economy, Abundant Touristic Attractions (Boiling water Lake, Trafalgar Falls etc.. )
  • Weather: Tropical Weather, Varies drastically between regions and seasons.
  • Politics: Stable
  • Schengen: Not a Member
  • Religion: Roman Catholic

QUALIFICATION & INVESTMENT CRITERIA:

  • Applicant at least 18 years old.
  • Clean Criminal Record.
  • In Good health.
  • Applicant has outstanding character.
  • Sales / purchase contract for the type of investment needed.
  • Real estate investment or government fund: The investment is paid into 2 different stages; an initial deposit will be paid upon submission of the citizenship application, once the application is approved, and then the balance will become payable; Dominica will issue the passports shortly afterwards.
  • Proof of source of wealth: documents providing from where the wealth has been derived.
  • Proof of source of investment funds: supporting with bank statements for last 12 months, owned properties contracts…
  • Proof of annual income –Audited accounts for business owners, HR letter, bank account interest, rental contracts...
  • Receive the approval from the government.
  • Birth Certificate.
  • Marriage certificate.
  • Photos passport.
  • Diploma of high education.
  • Copy of driver’s license.
  • Medical report.
  • Proof of residential address (lease agreement or utility bill).
  • Passport and Copies of all passports held.
  • Copies of all military service and discharge documents, if applicable.
  • Affidavits of Support for the accompanying dependents.
  • Have a basic knowledge of English.
  • Nationals of the following countries and territories will be treated on a case-by-case basis: Afghanistan, Chechnya, Iraq, North Korea, Pakistan, Sao Tome Principe, Saudi Arabia, Somalia, Sudan, Turkmenistan, Uzbekistan and Yemen.
  • Exceptions are applicants who have been legal residents in other countries for 10 years or more and whose investment funds do not originate from one of the above-mentioned countries. For case-by-case eligibility.
  • The real estate investment must be maintained for a minimum of three years. If maintained and sold after five years, the property qualifies the next applicant for citizenship as well.
Real Estate investment Governmental fees :
  • Main Applicant USD 25,000.
  • Spouse USD 35,000.
  • Family of 4 (dependent children up to 30 years old) USD 35,000.
  • Family of 6 (dependent children up to 30 years old) USD 50,000.
  • Family of 7 or more (dependent children up to 30 years old) USD 70,000.
  • Dependent Sibling of Main applicant and/or spouse aged between 18 to 25 years old USD 50,000.
  • Dependent Sibling of Main applicant and/or spouse aged below 18 years old USD 25,000.
Real estate investment Due Diligence fees:
  • Main Applicant USD 7,500.
  • Spouse USD 4,000.
  • For any dependents aged 16 or above USD 4,000.
  • Dependent Sibling of Main applicant and/or spouse aged between 18 to 25 years old USD 4,000.
  • Dependent Sibling of Main applicant and/or spouse aged below 18 years old USD 4,000.
Real Estate investment additional fees:
  • USD 1,000 per application.
  • Certificate of naturalization fee – USD 250 per person.
  • Expedited passport issuance fee – USD 1,200 per person.
Governmental donation due diligence fees:
  • Main Applicant USD 7,500.
  • Main Applicant plus spouse USD 11,500.
  • Main Applicant plus spouse and 2 dependents below the age of 18 USD 11,500.
  • Dependent Sibling of the Main Applicant/Spouse aged 18 to 25 years USD 4,000.
  • Any additional dependent USD 4,000.
Governmental donation additional fees:
  • Main Applicant USD 1,800.
  • Main Applicant plus spouse USD 2,600.
  • Main Applicant plus spouse and 2 dependents below the age of 18 USD 4,200.
  • Dependent Sibling of the Main Applicant/Spouse aged 18 to 25 years USD 5,800.
  • Any additional dependent USD 5,800.

START YOUR BUSINESS IN THE EUROPEAN UNION