While the Dominica passport is a decent tier-B passport, it does not match up to a tier-A passport available in one of the more premier European CBI programs. For those from countries with relatively weak passports, the Dominica passport should still be a good upgrade. To be eligible for the Citizenship by Investment Program an individual must make a contribution to the Economic Diversification Fund of USD 100,000 or invest in a local real estate property valued over USD 200,000. The Dominican passport is ranking the 37th in terms of travel freedom globally, it offers holders visa-free or visa-on-arrival access to over 139 countries around the world.
However, if neither option works for you, then citizenship by investment could be a solution for you. If you qualify, you will be able to immigrate to one of these countries. And after living there for approximately five years, you can apply for citizenship.
How Many Countries Can I Visit Visa
India is going to contend that Mehul Choksi is an Indian citizen and has criminal cases going on against him. “As far as Choksi’s acquiring Antiguan citizenship is concerned, India is of the view that he has done on basis of false declarations and we have been opposing it,” the official said. Due to the transparency and prominence of the Dominica CBI Programme, Dominica was the only country that achieved a full score in the Certainty of Product pillar. “At 28 years old and with a track record of good governance, the Dominica CBI Programme has led the way in providing clarity as to how CBI funds are used,” the researcher noted. It added that the country “used CBI revenues to successfully mitigate the effects of national disasters.” A world-renowned 5 star resort located on the beautiful Caribbean island of St. Kitts & Nevis.
Our expert team is well-versed to guide you through the whole process for completion of the application form, help prepare all the requisite supporting documentation, and handle all in correspondence with the Government on behalf of the applicant. Our expert citizenship consultants will guide you through complete process. You will then be directed towards our documents team to assist with documentation process.
Asia & Oceania Programs
Averaging only 50,000 visitors a year, tourism is still in its infancy in Dominica, where the principal economic generator continues to be in the agricultural sector. If you enjoy adventure and an active lifestyle, then Dominica may be for you. Although there are some great “boutique” style hotels, do not expect to find 5-star service or pampering on this island.
There is no out of pocket money for investors after purchase of the villa and all rental income will be divided evenly between villa owners. This 289.5 square mile island is referred to as the “NATURE ISLAND OF THE CARIBBEAN” because of its many waterfalls, hot springs, rivers and undisturbed tropical landscape. It is a member of the UN, the 53 member Commonwealth of Nations, CARICOM and the Organization of Eastern Caribbean States , along with St. Kitts & Nevis, Antigua & Barbuda, St. Lucia, St. Vincent & the Grenadines & Grenada.
Types Of Programs Available For Dual Citizenship Of Dominica
There are many Dominica car rental agencies on the island who lease out vehicles. A driving permit can be bought for a very low fee from Dominica car rental agencies or the Division of Traffic in Roseau. Remember though driving in Dominica is done on the left side of Turkish staying permit the road so keep left! Getting a Dominica car rental is one of the best ways to travel Dominica and learn about the island and its people. Dominica Hotels and Dominica accommodation is available in almost every community on the island and around the capital city.
Candidates applying under the government donation option must agree to pay the total amount specified by the program within 30 days of receiving an Approval in Principle letter from the CBIU. Until the applicant has passed the due diligence phase and is officially approved in principle, however, they are not required to actually make the contribution. Upon formally receiving conditional CBIU approval, donations are deposited by wire transfer into a designated governmental escrow account at the National Commercial Bank of Dominica. If an application is rejected or withdrawn, the candidate will be refunded the entire deposit amount minus a small application fee within one month of the rejection or withdrawal. Applicants can also choose to apply through thereal estate route,by investing in Government-approved eco-luxury properties like the Marriot, Hilton, or Kempinski or a boutique resort like the award-winning Jungle Bay or Secret Bay.
Easiest Countries To Get Second Passport
Passport Legacy is a boutique firm with over 12 years of combined experience in the citizenship-by-investment industry. We provide a range of professional services to our private clients including the acquisition of alternative residence or citizenship as well as real estate. After three years, you may sell the real estate without forfeiting your citizenship. However, you may not sell the real estate to another individual seeking law firm istanbul to use it to qualify for economic citizenship for at least five years after you purchase it. The Minister for Foreign Affairs, Immigration and Labour is responsible for granting permanent residency in Dominica.As an applicant of the Residency by Investment program, you are required to be a Dominican resident or employee for 5 years. As an investment citizen in Dominica, you will be entitled to a Tax Identification Number.
Additional payments for any dependents included in an application, due diligence fees, government fees and other fees are also payable. Further to new developments, the Government of the Commonwealth of Dominica has recently abolished the interview procedure for all applicants of the Economic Citizenship Program. Therefore, applicants are not obliged anymore to fly to Dominica or sustain the cost for the interview in any other place of the world.
Commonwealth Dominican passport holders can vote, buy the property and live and work in the country at the same time. It should be kept in mind that if you take average economic criteria and compare standard of living in the Central America and the Caribbean, standard of living and quality of life in Dominican Republic are not the best in the region. They certainly stand down in comparison with, let us say, Panama or Costa Rica.
In addition, a government fee of $25,000 is applicable for single applicants, and $35k for couples and families of up to 4 persons applying for Dominican citizenship by property investment. For a family of 6, this fee rises to $60,000, and for a family of 7 or more, the fee is $70,000. Additional professional service and due diligence fees are also payable, in addition to the above costs. It should, however, be noted that this approach may take longer than the donation based route.
Along with ‘Social Housing’, the money, which foreign investors spend to obtain a second passport in Dominica, is used to expand luxury hotels & resorts infrastructure on the island of just 750 km2 and with a population of around 73 thousand. Currently the estimated law firm turkey processing time for a Citizenship by Investment in Dominica is around 5-14 months. An application is submitted to the Financial Services Unit department of the Dominican Government department who review all submitted forms and supporting documents.