Everything about Dominica passport ❤️ 2023

Dominica Citizenship Benefits in 2023

Dominica Citizenship is a popular choice for individuals looking to obtain a second citizenship. It offers a range of benefits, including visa-free travel, tax incentives, and increased global mobility. In this article, we will take a closer look at the benefits of Dominica Citizenship and why it is a popular choice among investors.

Visa-Free Travel

One of the most significant benefits of Dominica Citizenship is visa-free travel to over 140 countries worldwide. This includes countries in the Schengen Area, the United Kingdom, and most Commonwealth countries. Dominica citizens can enjoy the freedom to travel without the need for a visa, making it an ideal choice for frequent travelers and business people.

Tax Incentives

Dominica has a favorable tax environment, which makes it an attractive option for entrepreneurs and investors. There are no wealth, gift, inheritance, or capital gains taxes. Additionally, Dominica does not impose taxes on foreign income. This means that citizens can enjoy the benefits of a tax-free environment, providing more opportunities to grow their wealth and invest in their businesses.

Increased Global Mobility

Dominica Citizenship provides increased global mobility, allowing citizens to travel to more countries without restrictions. Citizens of Dominica can enjoy faster processing times when applying for visas, and they can also enter countries that other nationals may not be able to visit. This provides investors and entrepreneurs with more opportunities to explore new markets and expand their businesses globally.

Investment Opportunities

Dominica Citizenship can be obtained through the Dominica Citizenship by Investment (CBI) program. The program offers several investment options, including real estate, government bonds, and a contribution to the Economic Diversification Fund (EDF). The EDF supports a range of projects in Dominica, including infrastructure, education, and healthcare. By investing in Dominica, individuals can contribute to the country’s development while also obtaining citizenship.

Dominica Citizenship by Investment

If you prefer a peaceful life on a tropical volcanic island far from the hustle and bustle of large cities while you have a second passport to travel worldwide visa-free, Dominica could be an appropriate place for you.

Dominica, a small island state in the Lesser Antilles archipelago, is a member of the Commonwealth, a voluntary union of former British colonies. Its capital city is Roseau which is located on the western coast of this small island. The currency is XCD which is called the Eastern Caribbean Dollar. With a stable economic and political environment, it was one of the first countries to offer citizenship to wealthy foreign investors in exchange for their contribution to the national economy.

Dominica’s economy depends to a great extent on international investments and non-governmental funds. To encourage foreign funds to enter the economy of Dominica, some tax facilities are issued to the investors. The economy of this country is mainly dependent on financial services due to some no-tax policies for international incomes and low-tax policies for trading and small business companies.

The Dominica Citizenship Program is one of the most cost-effective and reliable citizenship by-investment programs not only among other Caribbean countries but also in the world. This program, established in 1993, offers people worldwide irrevocable second citizenship and passport in only 4 to 6 months. Its budget is highly transparent and the government of the country regularly reports on the program’s income distribution. Dominica citizenship can be earned through a contribution to a government fund or participation in a real estate project.

The government extended the list of dependents that the main applicant can include in their citizenship application in 2020. The entire family, including the spouse, children, parents, grandparents, and siblings, can be added to the program. The passport can be obtained within 2 to 6 months and the process can be done remotely and confidentially.

The Commonwealth of Dominica citizenship by investment program has no language, age, business experience, or educational requirements. Also, it is so affordable and anyone with a different financial level or situation may apply for this worthy program. Moreover, no physical residency is required and there is no need for a mandatory interview.

Therefore the whole process can be done remotely and there is no need to travel many times there to make the beaurocratic affairs done.

A Caribbean passport, a document confirming the nationality of one of the Caribbean countries, offers a lot of options to its holder such as visa-free international travel and tax savings. Moreover, English is widely spoken there and the primary budget contributor is the services sector including tourism. The island attracts over 200,000 eco-tourists each year with its amazing nature, diverse Caribbean flora and fauna, geysers, hot springs, stunning sandy beaches and coastline, scenic waterfalls, and fresh-water lakes.

Those who apply for a Caribbean passport to live in Dominica would usually select between the two places Roseau and Portsmouth. Roseau is Dominica’s largest city and a harbor that welcomes around 200 cruise ships each year.

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The Advantages of Investing in Dominica

• Freedom of travel

Dominica citizens enjoy visa-free travel to over 140 countries including the European Union (EU) and Schengen Area, the UK, Switzerland, Russia, Brazil, Singapore, South Korea, and Hong Kong.

As of early 2021, Dominica has signed visa waiver agreements with 143 countries and territories. It is ranked 34^th in the annual passport index. But it is not all about the number of countries.

By 2022, the Dominican passport rank augmented to 31st as this country developed its international relationship with more countries. Still, this country boosts international contributions to facilitate travel more and more for passport holders.

It is also important to know which countries you can visit without a visa and for how long. Dominica citizens can stay in the EU for up to 90 days in a row in 6 months. They can also stay in the UK for up to 180 days in a row and benefit from discounts at UK colleges and universities. Since the UK is no longer a member of the EU, Caribbean citizens can spend the best part of the year in the UK and continental Europe.

Also, Dominican passport holders benefit from a no-limit residence in St Kitts and Nevis and many members of CARICOM countries.

Furthermore, Dominican nationals can get a 10-year business visa to the USA more easily, which is not available to many people.

The other 12 states issue a visa on arrival or in the airport for Dominican citizens.

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• Second citizenship from home

One of the main advantages of the Dominica citizenship by investment program is that international investors are not required to live on the island or even visit it to obtain a second passport. All citizens of Dominica can renew their passports unconditionally at any time. Moreover, you do not need to know Dominica’s culture and traditions, nor do you need to speak the language. All processes can be done remotely and through a licensed agent without leaving your home country.

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• Affordability

The minimum investment in Dominica’s economy starts at $100,000 which is relatively low in comparison to other Caribbean passport programs.

While this fee alters depending on the marital status or better say the number of dependants to the applicant including the spouse and the children under 16 years old.

Although prices may increase once the COVID-19 pandemic is over, bringing the country’s prices more in line with other Caribbean citizenship programs.

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• Full confidentiality

Dominica accepts dual nationality and guarantees complete confidentiality to its prospective citizens. Since there are no restrictions on dual nationality under local law, getting second citizenship through investment in the country is a confidential process. Dominica’s government will never force a person to renounce their current citizenship to be granted a new nationality, and it will never share information with foreign governments. The identities of successful investment citizenship candidates in Dominica will also never be published publicly.

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• Return on investment in 3 years

If you do not want to part with your money for good, consider investing in real Dominica estate. In contrast to other countries, you must own a property on the island for at least 3 years after receiving your Dominica passport, rather than the usual 5 years.

It means that after 3  years, you can sell your property, get your money back, or even profit from the price difference. You can still renew your passport even after selling your real estate investment property as long as you held the property for the required number of years after getting your citizenship.

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Benefits for Dominica-registered companies

Dominica is a tax haven for international businesses registered there. Companies registered in Dominica that trade internationally does not have to pay corporation tax on foreign profits.

The government offers significant tax and export incentives to support businesses.

Dominica businesspeople have duty-free access to several Caribbean markets. There are no restrictions on the repatriation of profits and imported capital.

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• Favorable taxation for Dominica residents and an excellent business environment

You can enjoy all of the benefits of the Dominica taxation system if you spend there at least 6 months. There is no tax on foreign income, properties, inheritance, wealth, and capital gains for residents. The government has signed double taxation agreements with many countries worldwide as well.

Non-residents of Dominica pay only tax on income earned within the country.

Tax rates in Dominica include:

At source: 15%

Stamp duty: 2-4%

On the transfer of real estate: 6%

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• Economic and political stability

Dominica is one of the most stable Caribbean islands. It boasts a peaceful atmosphere that is ideal for business activities. The local currency, the Eastern Caribbean dollar, is pegged to the US dollar.

This small island has the potential to become your second home.

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• Fast processing time

Citizenship applications are processed within 2 to 6 months.

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How Much Do I Need to Invest in Dominica Citizenship?

You must first determine where you are going to invest and how many family members you wish to include in your passport.

However, the final amount will be determined by not only the investment option and number of dependents but also the age of dependents and their relationship to you.

Incidental costs of investing in Dominica

Apart from the main cost related to helping the government or investing in projects, there are other costs, such as the cost of examining the case, the cost of issuing a citizenship certificate, and the cost of issuing a passport. Also, in order to prevent criminals and people associated with terrorist groups from entering Dominica, a strict investigation is conducted on all the people included in the case, and in order to cover the costs related to doing this, the applicants must pay the specified amounts. For this reason, all people must have no bad history or criminal history to be able to enter the investment process and then apply for Dominica’s residence and passport.

When you start the investment process, that is, after preparing all the documents and getting the necessary approvals, one family member can apply for the whole family and get citizenship for all members by choosing one of the above two methods.

The family that is included in this application includes the main applicant, the spouse, in addition to their dependents, i.e. unmarried children under legal age. Other dependents of the main applicant including parents, grandparents, infants, new spouses, and siblings can also use the benefits of this case. Keep in mind that additional fees or certain restrictions may apply for each person added to this population.

In this case, if you need more guidance in order to make the right decision for yourself and all family members based on your current capital and conditions, we suggest that you contact Konkash consultants for detailed advice to provide a specific explanation based on the updated laws and current conditions. and provide you with a complete

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Two investment options for Dominica citizenship by investment scheme

1. Non-refundable donation/contribution to Economic Diversification Fund (EDF)

You will not be able to get your money back, but you will be responsible for a property and your investment will be significantly less than the purchase price of real estate. Dominica citizenship will cost you at least $100,000 for a single applicant, excluding additional charges such as due diligence, passports, and other fees. Dependents come at an additional cost.

The Dominican government spends the fund on the development of infrastructure in areas such as education, health care, agriculture, and information technology, as well as green energy projects utilizing thermal lake energy, tourism, and public sectors.

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Cost of Dominica citizenship by investment in the government fund

	The Applicant	A Couple	A Couple with Two Minor Children under 16
Donation	$100,000	$150,000	$175,000
Due diligence fee	$7,500	$11,500	$11,500
Processing fee	$1,000	$1,000	$1,000
Passport fee	$1,200	$2,400	$4,800
Naturalization certificate	$250	$500	$1,000
Total	$109,950	$165,400	$193,300

If you want to add an adult-dependent, the donation will be $25,000 per person or if it is your or your spouse’s brother/sister aged 18 to 25, they will cost you another $50,000 each plus an additional due diligence fee of $4,000 for each dependent over 16.

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1. Investment in real estate

Regardless of the number of dependents applying for a Dominica passport, you must invest at least $200,000 in a property, such as an apartment or a cottage, or a share in a project, like a hotel, approved by the national government on this investment.

There are more than 50 facilities on the list, mostly five-star hotels. There are also infrastructure facilities such as marinas.

You can contribute to the island economy by purchasing a share in one of the government-approved projects, such as a hotel under construction, a spa facility, or a villa. Although state involvement reduces options, it also minimizes risks by preventing fraudulent operations. If you buy a property, you can either live in it or rent it out.

If you wish to buy out the whole project by investing in real estate with other investors, each of you must invest at least $200,000.

There are additional fees regarding the number of family members included on your application which are non-refundable. But you can get back most or all of the money you spent on a property or a share in a hotel in 3 years after getting second citizenship. There is, however, an additional government fee to pay. You can also cover a part of the purchasing costs if you decide to rent your property out.

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Cost of Dominica citizenship by investment in real estate

	The Applicant	A Couple	A Couple with Two Minor Children under 16
Purchase of real estate	$200,000	$200,000	$200,000
Due diligence fee	$7,500	$11,500	$11,500
Processing fee	$1,000	$1,000	$1,000
Government fee	$25,000	$35,000	$35,000
Passport fee	$1,200	$2,400	$4,800
Naturalization certificate	$250	$500	$1,000
Total	$234,950	$250,400	$253,300

 

If you want to add an adult-dependent, the government fee will be $25,000 per person; if it is your or your spouse’s brother/sister aged 18 to 25, they will cost you another $50,000 each,  plus an additional due diligence fee of $4,000 for each dependent over 16.

The table below demonstrates the differences between the two investment options of the Dominica citizenship program for a married couple without children:

Expenses	Fund Donation	Purchase of Real Estate
Contribution to a government fund	$175,000	–
Purchase of a property	–	$200,000
Due diligence fee	$15,000	$15,000
Government fee	–	$35,000
Application fee, passport and naturalization fees	$3,200	$3,200
Total	$193,200	$243,200
Non-refundable total	$193,200	$43,200

 

To summarize, a couple applying for Dominica citizenship by investment needs more money to invest in real estate than to donate to the Economic Diversification Fund. However, they can sell their property and receive all or a big portion of their money back in 3 years.

Please consider that the entire amount of $193,300 is non-refundable. However, if you invest in a government-approved project, you will be able to recover your money after 3 years by selling your property and receiving at least $200,000 out of a total investment of $253,300 back. Furthermore, you may be able to cover some of your application costs with income from renting your property. Renting generates annual revenue between 2% and 5%. The tourist season on the islands lasts all year round. Therefore, the rental demand is consistently high.

To sum it up, if you have money to spare and are willing to work with a property management company, consider investing in Dominica citizenship through real estate. You will only have to pay $53,300 in the best situation.

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Dominica Citizenship by Investment Process

Step 1: Choose an authorized agent

The process of getting a second passport is complicated and new citizenship applications can only be presented by authorized CBIU agents under the program.

Contact an Authorized Agent of the Caribbean economic citizenship program, regardless of how you plan to invest your money or how many dependents you wish to include in your citizenship application. It is not possible to apply directly for Dominica Citizenship by Investment Unit (CBIU). The agent will guide you through the entire process from start to finish.

Pay a small initial deposit (10%) and sign a retainer agreement with the agency. Before an accredited individual or company will accept a new investor client, the agent will perform a mandatory due diligence investigation on the potential client and will request documents before proceeding. This allows for an estimate of the risk of rejection under the program. The authorized agent will sign a client-professional agreement and ensure the confidentiality of the documents and information.

Professional immigration advisers know how to present your case in the best way, both personally and financially, to ensure that your application is approved.

The preliminary check will help prepare you for the most important stage of the program: the due diligence of the investor by the Dominica government.

If no issues arise during the initial due diligence, the investor can hire the agent to prepare and submit a Dominica citizenship by investment application on their behalf.

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step 2 : documents and submit an application

Pay the service fee, due diligence, registration fee, and application fees to the agent. Only real estate requires a government fee. Everything between the government and the client will be handled by authorized local promoting agents of the citizenship by investment Dominica program. They guarantee that the client’s application form is completed correctly, assist in the preparation of all required supporting documentation, and handle all correspondence with the government on behalf of the applicant.

Copies of documents, unless originals are provided, must be notarized and, in some cases, legalized. Each applicant must have a health check and submit recent HIV test results. If you want to buy a property, you should select one from the approved list, sign a sale and purchase agreement, and put down a deposit.

It may take 2 to 4 weeks.

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Step 3: Wait for the Dominica government to process your application

Upon receipt of your application, Dominica authorities conduct their due diligence through independent parties and will approve or refuse your application depending on the results. If you are successful, proceed to the next step. If you are rejected or withdrawn, you will be refunded the entire deposit amount minus a small application fee within 1 month of the rejection or withdrawal.

 

The process lasts from 2 to 6 months. Verification is done remotely and the investor does not need to be present or attend an interview. During this time, the licensed broker will handle all correspondence with the government on behalf of the client.

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Step 4: Make an investment

Once your citizenship application has been granted, proceed to make the required investment- either a donation to the government fund or payment of the remaining purchase price of the property you have chosen. You must pay the remaining investment amount to the government escrow account within 30 days.

It may take 4 weeks.

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Step 5: Receive your Dominica passport

A signed and notarized Oath of Allegiance will be submitted to the Ministry of Foreign Affairs, Immigration and Labor when the Dominica Citizenship by Investment Unit verifies the receipt of your funds. You and your family will receive certificates of naturalization upon approval by the Prime Minister of Dominica. Collecting your Dominica passports will be the last step on your way to a second nationality. You can collect your Dominica passport and certificate of naturalization from a licensed agent’s office or have them delivered by courier to your address within a week. Once becoming a Dominican citizen, an investor can pass their nationality on to future generations by descent.

Citizenship by investment Dominica’s passport is valid for 10 years at a time and can be renewed for life since the country’s citizenship is never revocable under any circumstances. Dominica passports issued to minor children under 16 are valid for 5 years. Even if the Caribbean economic citizenship program is finally closed, everybody who is granted citizenship under the scheme will keep their second nationality forever.

Conditions for obtaining a Dominica passport

The country of Dominica, an island located in the Caribbean Sea with a population of about 72,000 people, has been awarded the 34th most powerful passport in the world in 2021.

With a Dominica passport, you will be able to travel to more than 140 countries that are popular destinations for tourists around the world without a visa. For example, you can travel to England and European Schengen countries without a visa with a Dominican passport.

You can also easily apply for a tourist, business, and study visa in the United States or Canada with a Dominica passport in your hand, and due to dual nationality, you do not need to provide extensive documents, or spend a long time to receive a response from the embassies, and have a low probability of receiving You will not have a visa and you can easily have a ten-year multi-American or Canadian visa in your Dominica passport.

How much does a Dominica passport cost?

According to the above, many people are looking for a way to have a Dominica passport, that’s why we feel it necessary to provide you with information related to this issue. Our suggestion is to contact Visagardi for a free consultation and to inquire about the cost of a Dominica passport.

First, we suggest that you entrust your work to a professional travel and tourism company, in this case, you will be sure that things will go well. In many cases, we see that profiteers take advantage of this favorable situation (i.e., the easy receipt of a Dominica passport) and deceive many people.

For this reason, it is very important to get help from a reputable and expert institution for this task, do you not know a reputable institution? We will introduce you.

Viscardi is by your side and helps you to have a Dominica passport easily. We assure you that this institution is legally registered and its activities are completed within the framework of the law, therefore it is valid and you can easily trust it.

Another issue that you should pay attention to is the costs, in the visa tour, the costs are charged fairly and this is another advantage for it. Of course, we must say that the initial consultations in this institution are done completely free of charge.

Finally, if you are looking to get a Dominica passport, contact Visagordi right now and benefit from its advice.

How old is your passport from Dominica?

Dominica’s passport is issued for adults with a validity period of 10 years, but this period is different for people under 16 years and its validity is 5 years. In recent years, biometric passports have replaced old passports and all citizens are required to do this.

You can renew your Dominica passport or replace it with a biometric passport through Dominica Paradise and receive your new passports at the lowest possible cost and in the shortest time.

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Eligibility for Dominica Citizenship by Investment

The main applicant must fulfill all of the Dominica immigration requirements listed below to be considered eligible:

• Be at least 18 years of age
• Be in good health
• Have a clean criminal record
• Have legal access to funds that are sufficient to make a required investment/contribution as well as cover additional costs
• Pass a due diligence background check
• no visa refusal
• without citizenship refusal

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Required Documents for Dominican Citizenship by Investment

Dominica’s economic citizenship program requires a new application supported by several forms and a substantial quantity of personal documents. The required forms include a medical questionnaire prepared by a Registered Medical Practitioner and a full disclosure form notarized by a Notary Public. Applicants who make a monetary contribution to the Government Economic Fund must additionally sign an investment agreement committing to pay the exact amount requested within 30 days of getting Approval in Principle from the CBIU.

Supporting documentation of a Dominica citizenship by investment program application includes the following items:

• Certified copy of current passports
• Certified copy of Birth Certificate (all applicants)
• Police certificate from country of birth and country of residence
• One professional reference
• Two personal references
• Marriage certificate (if applicable)
• Bank reference letter
• Letter of employment (if applicable)
• Audited financial statements for business (if applicable)
• College or University Diploma (notarized)
• Affidavit or declaration of source of funds
• Recent tax return
• Resume
• Detailed business background report
• Eight passport-size photos for each applicant

A parent or legal guardian must sign the application for all applicants under the age of 18.

A personal reference must know you for at least 5 years, and must not be a family member.

Professional references must be acquainted with your work for at least 3 years.

A law enforcement agency should submit an original police clearance certificate including a set of fingerprints for everyone over the age of 16. For children aged 12 to 15, a parent’s affidavit verifying that the child has no criminal record is required.

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Dependents

Due to the COVID-19 pandemic in 2020, the government decided to expand the list of financial dependents that can be included in an application under the Dominica citizenship by investment program.

The COVID-19 facilitations may be over soon as the influence of the pandemic is fading increasingly in 2022.

• A spouse
• Children under 30 years of age, including those from previous marriages
• children over the age of 18 who are financially supported by their parents
• Parents and grandparents over 55 years old
• Your or your spouse’s siblings are not older than 25 provided they are unmarried and childless;
• Newlywed spouses and newborns of your adult children who are financially dependent on you.

No further investment is required for new children of successful Dominica Citizenship Program participants to become Dominican citizens. However, there is a USD 2,000 government processing fee for registering a newborn as a citizen, and the child must be under the age of 5.

All of these measures are aimed at attracting more funds by charging additional due diligence and other fees for each additional dependent.

In order to apply for a Dominican passport and citizenship through the Dominica citizenship program safely and easily, the Unican group with much-experienced staff specializing in investment immigration affairs can help you to assure your procedure to obtain the passport with no excess trouble. The company performs the whole process on your behalf of you and there is no need for physical presence at any step of the project. You can count on the Unican company to assure and guarantee the success of the case.