Dominica Citizenship By Investor Program

Can You Have Dual Citizenship In The Us & Dominican Republic?

Filling Out Government Application Forms

You can make up for a part of the purchase costs if you decide to rent your property out. Dominica is popular for eco-tourism, so you can even gain on your investment if you sell after the required 3 years after you receive Dominica citizenship. One of the biggest advantages of Caribbean passport schemes is a choice of investment options. Dominica does not accept citizenship applications from residents of Iran, North Korea, Sudan and Syria. However, if a national of these countries have not lived there for the last 10 years, does not have significant assets and does not do any business there, an exception may apply.
Dominica citizenship
Dominica is the second oldest program in the citizenship by investment industry and was established in 1993. The program was designed by the government to bring in foreign investors to improve two major sectors, the tourism industry, and the infrastructures of the country. Investors may obtain Dominica citizenship in 3-6 months through a real estate investment or a direct contribution to the economic development fund .

Citizenship By Investment Program

It is possible for a whole family to apply by investing in just one share + costs. Citizenship and a second passport of the Commonwealth of Dominica enables the holder to visa free travel to over 152 countries world wide. With government donations priced from only $100,000 excluding due diligence and service fees, the Dominica investment passport is one of cheapest economic citizenship programs in the world for single applicants.

To obtain Turkish resident permit through the real estate option of the Dominica Citizenship by Investment program, applicants must purchase authorized real estate worth at least USD 200, 000. Choosing between a CBI donation and investing in government approved real estate. While the donation-based route remains a very popular option across most of the competing Caribbean countries’ programs, there are also several real estate based investment options that can lead to second citizenship. Looking for a powerful second passport with visa-free travel rights to the UK and Schengen Europe? The Dominica Citizenship By Investment Program offers foreign applicants and their families the ability to legally obtain second citizenship and an alternative passport in approximately six months. CCS conducts one-on-one dialogue with clients to answer questions, clarify elements of the Program as well as determine eligibility.

Citizenship Services

They also have generous tax holidays and other import duties and tax waivers. The ability to hold a second passport for convenient travel to other countries. Most of the people living on the island are of African descent, but it is getting a more and more mixed population. The remaining Caribs live on the east coast on their own 15 km2 territory with their own chief.
Dominica citizenship
Application timelines can vary and be difficult to predict, although they usually depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole. To apply for Honorary Citizenship Dominica applicants must be at least 18 years of age, be of a good character with no criminal record, and have good health. An applicant may apply together with his or her spouse and dependent children, and, in some cases, dependant elderly parents or grandparents. Once the interview is successful the applicant will be granted citizenship of Dominica. The laws of Dominica allow for dual citizenship therefore the new Dominican citizen has no obligations to drop or renounce his or her current citizenship. The new Dominican citizen is not obligated to reside in Dominica and can continue to live abroad.

The process of renouncing citizenship involves a declaration before a designated officer, verification of particulars and issuance of a certificate. Treasury Department two years ago after three suspected Iranian operatives were caught using their St. Kitts passports to launder money for banks in Tehran in violation of U.S. sanctions. It also had to recall more than 5,000 passports because they either didn’t include a place of birth or were issued to people who had changed their names. Since then, passports have become its major export, providing hundreds of millions of dollars in income. In fact in 2014, the last year for which there are government statistics available, 40 percent of the government’s revenue came from selling passports.
Dominica citizenship
And for the record, The Commonwealth of Dominica offers applicants citizenship by investing in real estate business or through donation to the government fund. But they accept the investor with high morale & outstanding reputation. We know how difficult it is to make decisions about family, their mobility, investment planning etc.

The Advantages Citizenship Of Dominica:

This option usually takes several years, but the advantage is that anyone can do this. And in some countries, you don’t even have to spend much time there to qualify for citizenship. Think of citizenship by investment as your shortcut to a second passport. Vital Developers Ltd. is pleased to recommend Sanctuary Rainforest Eco Resort and Spa as the best real turkish citizenship estate Government approved investment to acquire citizenship in Dominica. A second passport allows you to give up your US citizenship and thus stop paying the US IRS if that is the right choice for you. The person buying a property in Dominica must sign a purchase and sale agreement and complete the application and background check prior to closing.

The Citizenship by Investment Unit is the Government Authority that deals with all matters regarding Citizenship by Investment in the Commonwealth of Dominica. The Government has established the Citizenship by Investment Unit within the Ministry of Finance to promote and administer the Citizenship by Investment Program. The Unit will be dedicated to the effective management and processing of the applications that are received by the Government. The CBI Unit exercises strict regulatory controls over the Program and is dedicated to streamlining the process for applicants seeking to obtain the citizenship of Dominica. The Unit ensures the highest professional standards and is committed to strict enforcement of the regulations. The Unit is headed by the Director of the CBIU, who is supported by Senior Examiners, Examiners, and administrative staff.

Fast Immigration

Under the first program, a person may choose to apply for Dominica’s citizenship by purchasing an approved real estate property. Under the second program, citizenship can be applied for by donating to Dominica’s government housing fund. Dominica achieved independence in 1978 and is now a parliamentary republic. Unfortunately, it never managed to achieve sustainable economic growth and this has led the government to look for alternative ways to bring in foreign capital. Inspired by the success of its neighbor, St Kitts and Nevis, Dominica launched its very own economic citizenship program in 1993.
Dominica citizenship
Detached villas are also available for sophisticated investors looking for full ownership, with prices for those villas starting at USD1,221,000. The government of the country felt and as it is clear that the scheme is still a big-time hit, which is a great thing for the country as well as for the investors, because both sides got equally benefited by the scheme. Turkish citizenship 250.000 USD If you would try to search out then you would find that this is a very beautiful country which is more famous as an island that is situated in the Caribbean Sea. The couple officially not married but having two common children cannot apply as a family for citizenship in Dominica. If marriage is not considered, either parent can apply with the children.

In exchange for a real estate purchase or an economic donation anywhere around 100,000 USD Dominica and Vanuatu to upwards of 1-2 million for citizenship in places such as Malta and Cyprus you can get a passport in as little as 3-6 months. In fact you can expedite your visa processing times in Vanuatu for an extra 10,000USD and get it in 30 days making it the fastest citizenship by investment in the world. Dominica Citizenship by Investment program is one of the longest-running economic citizenship programs in the world.

In addition to the investment options for obtaining a Dominica passport, a new method has been introduced called the Dominica Entrepreneur Visa, which will initially grant Dominica residency to applicants. The full details of this program are not yet known, but the entrepreneur visa is expected to be approved and start receiving applications this year. In addition, where most citizenship by investment programs are donations, this investor visa provides the potential to regain some of your investment.
Dominica citizenship
This is not an official government this site is a consultancy to promote Dominica Prestigious citizenship by investment program. The Island has great international reputation with visa free or on-arrival access to more than 100 countries including great nations such as UK, whole EU, Singapore and Hong Kong. Investors have the option to sell the property after a minimum holding period and retain their Dominica citizenship in perpetuity. The minimum holding period is 3 years to sell to a non-applicant buyer. However, after 5 years investors can sell to another citizenship applicant and significantly increase the pool of potential buyers.

Also, Dominican citizens can travel visa free to Associated Members of OECS. Dominica citizens also benefit from the privileges of CARICOM; some of these being, access to education, right to live and do business within CARICOM member states. We have taken the liberty to design a personlized investment calculator that provides precise quotes for investors and their families. Click button below to generate your personalized quote and see the additional benefit Turkish citizenship 250.000 USD of investing in the Sanctuary Rainforest Eco Resort and Spa Preferred Share. Discover what lies beneath the surface of the dazzling blue waters with a trip to Grenada’s famous sculpture park, explore the island’s unspoiled jungle trails offering panoramic views, or simply soak in the sun by the sea. The winding streets of pastel-coloured Georgian houses and ancient stone churches through the town offer a glimpse into the relaxed island life here.
Dominica citizenship
According to the Prime Minister of Dominica, Roosevelt Skerrit, the country has concluded negotiations with China and Dominica passport holders will have visa-free access to Mainland China by the end of the year. Dominica also plans to open consulates in a number of countries to improve their international presence. All applications for citizenship should be directed through an Authorised Agent. The Dominica Government does not issue diplomatic or official passports. This is because diplomatic passport can only be used for government work posted at a specific mission and provide diplomatic immunity only where you are posted.

After the federation dissolved in 1962, Dominica became an associated state of the United Kingdom in 1967, and formally took responsibility for its internal affairs. On 3 November 1978, the Commonwealth of Dominica was granted independence as a republic, led by Prime Minister Patrick John. The British retained control through French invasions in 1795 and 1805, the first taking place during the period of the Haitian Revolution, which gained the independence of Haiti (formerly Saint-Domingue, France’s richest Caribbean colony). In 1761, during the Seven Years’ War in Europe, a British expedition against Dominica led by Andrew Rollo conquered the island, along with several other Caribbean islands.

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