7 April 2022
Ultimate Guide to Dominica CBI
Instituted in 1993, the Dominica Economic Citizenship Program is one of the oldest Citizenship-by-Investment (CBI) programs in the Caribbean. It has an excellent reputation and unblemished records when it comes to above-board, legal, and ethical CBI practices.
Along with other founder CBI programs in the Caribbean, Dominica’s CBI is in many respects a guide for newer CBI programs around the world, and it has been rated twice as the best CBI Program in the world by The Financial Times of London.
Dominica’s CBI also consistently ranks top or among the top programs in CBI indexes, and was ranked at the top (along with St Kitts and Nevis) in 2021.
Dedication to quality guides fast, efficient, and simple CBI processes, exemplary due diligence on applicants, and high returns on property investments among many other advantages and investor benefits.
Advantages of the Dominican CBI program
Costs and Family inclusion: Currently, the investment costs are competitively priced compared to other Caribbean nations. Drastically reduced fees since 2021 for family members on Real Estate investment options currently raise affordability even more and make Dominica the best jurisdiction for family CBI. Siblings are also eligible.
ROI on Real Estate investments: The Dominican government exercises exceptional due diligence on developers to ensure that building work is of the highest quality and meets Dominica’s high-end eco-tourism goals. The investment is made even better due to the very limited number of government-approved Real Estate projects you can invest in. This ensures focus on the quality and success of these projects.
Property resale is permitted after 3 years, or after 5 years if the sale is to another CBI applicant.
Governance and Economic Growth:The Dominican government is politically stable and promotes one of the fastest-growing economies and infrastructures in the Caribbean.
Fast and simple application and investment processes: The entire application, as well as guidance and assistance with investment processes, can be done remotely and with full confidentiality.
No physical residency requirements & no mandatory in-person interviews during the application process. . Applicants do not need to travel to Dominica at any point and they do not need to reside in Dominica to get or retain citizenship.
Confidentiality and no restrictions on dual citizenship. The CBI application and citizenship is kept confidential. Applicants are thus not required to divulge their intent to obtain dual citizenship or their Dominican citizenship status at any time if they do not wish to relinquish existing passports.
Key Benefits of Dominican Citizenship
Dominica is one of the most beautiful island nations in the Caribbean. Renowned as a ‘nature lover’s paradise,’ Dominica boasts a dramatic and pristine coastline with both white and black volcanic sand beaches. The mountainous interior is coated with lush rainforests, with a multitude of gushing rivers and waterfalls. The dramatic volcanic terrain is also famous for its features of hot springs.
A strong socio-economic focus on high-quality eco-tourism and preserving the environment bodes well for Dominica’s future as a Caribbean jewel.
Dominica also has one of the highest standards of living in the Caribbean, with excellent health care (free for under 18s and over ’60s) in the process of being modernized to the highest global standards.
Dominica also boasts an excellent education system, a low crime rate, and many tax benefits for resident and non-resident citizens alike.
Irrespective of whether you choose to live there or not, Dominican citizenship also offers:
- Favorable tax policies. There are no taxes on any form of foreign/global income – inclusive of capital gains, investment dividends, inheritances, and gifts.
- The Dominican Citizenship is for life and can be passed on to future generations.
Guidelines on eligibility for CBI in Dominica
The program is open to applicants from anywhere in the world except nationals of Iran, North Korea, Sudan, and Syria.
Only applicants with a clean background check will be approved by The Dominica Citizenship by Investment Unit (CBIU).
The single or main applicant must be at least 18 years old and be able to prove:
- That their funds have been obtained legally.
- Pre-approval commitment to investment requirements.
- No criminal record.
- A clean bill of health with no communicable diseases.
There are no de facto upper age limits, guidelines, or restrictions based on occupation, skill level, business experience, culture, ethnicity, or language.
Costs for Dominica CBI
There are two investment options for applicants to Dominica’s CBI program:
- A one-off non-refundable donation to a government fund: starting at USD $100 000 for the main applicant.
- A real estate investment (can be recouped via resale after 3 – 5 years): minimum USD $200,000.
A brief guide to the CBI application process
- Donations and real estate investments must be made through a government-approved.
- Agent, who will represent the applicant and submit the application to the Dominican CBI Unit.
- The entire process is done remotely, and you will be guided throughout the process by your agent.
- Approved applicants will receive citizenship with a Certificate of Naturalization once the donation or investment is made.
- A passport is issued within 4 – 6 months.
The above is guidance only, as details regarding investment costs and processes for obtaining citizenship in Dominica may be subject to change over time.