Second Citizenship
March 16, 2021
Reading Time: 8 min

Cost of Dominica citizenship by investment

Dominica citizenship by investment program is one of the cheapest in the world. Citizenship can be obtained by investing $100,000 in the state fund or $200,000 in real estate. Additional expenditures depend on how many family members are in the application.

The passport is issued within 3—7 months.

Zlata Erlach
Zlata Erlach

Told how much it costs to get Dominica economic citizenship

Dominica citizenship by investment cost

Cost of Dominica citizenship by investment

Investment requirements for Dominica economic citizenship

The Dominica citizenship program offers applicants two investment options to choose between:

  • from $100,000 — a contribution to the Dominica Economic Diversification Fund (EDF);

  • from $200,000 — in villas, apartments, a resort, a hotel complex, a hotel complex, or shares of an object, approved by the government.

Other costs are Due Diligence fees, application processing fees, services of an agent, and government fees for real estate investments. Dominica passport price also includes bank commissions, delivery costs, notarisation, and translation fees.

The amounts depend on the composition of the family and necessary documents. Immigrant Invest is a licensed agent of the program and our lawyers can help you calculate the exact cost of participation.

What unique opportunities the Dominica investment program offers

The Dominica Citizenship by Investment Program (CIP) has been operating since 1993. From 2017 to 2020, more than 5,800 investors received citizenship by investment in Dominica, and the state earned an income of $1.2 billion.

The government spends program income on educational grants, hurricane-resistant homes, schools, and clinics. Dominica’s citizenship program is the source of funding for geothermal energy projects.

Cost of Due Diligence for Dominica citizenship by investment

For the citizenship application to be approved, the program department checks the investor and their family members over the age of 16 for reliability. With the help of this Due Diligence, the government of Dominica makes sure that future citizens do not have problems with the law and that the money for investment is obtained lawfully.

The program’s legal department checks to see if applicants have a criminal record or denials of citizenship and residence permits, followed by an inspection of income sources.

The cost of Due Diligence is $7,500 for an investor and $4,000 for each participant over 16 years old.

Who can obtain Dominica citizenship by investment

A foreigner can obtain Dominica citizenship by investment if at least 18 years old, has no criminal records, has no serious illnesses, and can prove that the money for participation in the program was earned legally.

In the application for Dominica economic citizenship, an investor can include family members as spouses, children, and parents. They can obtain Dominica nationality at the same time as the investor or join later after the investor gets a passport.

Are requirements for participation in the Dominica investment citizenship program

Family member

Age

Investor

Over 18 years

Spouse

No requirements

Children

Up to 30 years

Parents

Over 65 years

To include parents and children over 18 in the application, the investor or the investor’s spouse confirms that they support the relatives financially. For this, the lawyers of Immigrant Invest draw up a particular statement — an affidavit with checks or bank statements attached to it.

A spouse of the investor does not need to be financially supported to get Dominica citizenship.

Individual cost calculation of the Dominica citizenship

Individual cost calculation of the Dominica citizenship

Dominica citizenship by investment cost when contributing to the state fund

The contribution to the Economic Diversification Fund is charitable and is not returned to the investor. The minimum investment amount will be:

  • for an investor — $100,000;

  • for the investor and one family member, such as a spouse, child, parent — $150,000;

  • for a family of up to four people — $175,000.

An additional $25,000 is paid per family member from the sixth applicant under 18 and $50,000 for those over 18

Cost of investments in the Dominica EDF with fees

Expenses

Investor

Investor and spouse

Spouses and children between 15 and 19 years old

Investments in the state fund

$100,000

$150,000

$175,000

Due Diligence

$7,500

$11,500

$15,500

Other Fees

$1,800

$2,600

$4,200

Total

$109,300

$164,100

$194,700

Dominica citizenship cost when investing in real estate in Dominica

The minimum investment in real estate is higher than the contribution to the Economic Diversification Fund — $200,000. At the same time, investment property costs do not depend on the number of participants.

The investor can purchase an apartment, a villa, or a hotel. It is also possible to buy shares of one of such objects worth $200,000. When buying a share, the investor becomes a shareholder of the hotel: the bonus includes free accommodation in luxury apartments for up to two weeks a year.

In addition to the cost of the property itself, the investor pays a government fee. The final Dominica citizenship price depends on the composition of the family.

Dominica citizenship price when purchasing real estate

Expenses

Investor

Investor and spouse

Spouse and children of 15 and 19 years old

Investments in real estate

$200,000

$200,000

$200,000

State Fee

$25,000

$35,000

$35,000

Due Diligence

$7,500

$11,500

$15,500

Other Fees

$1,800

$2,600

$4,200

Total

$234,300

$249,100

$254,700

The potential income from renting out real estate is 2—5% per annum. The investor does not need to worry about the maintenance of the property: the management company pays bills, attracts tourists, and hires staff for renovation and room service.

According to the law, it is possible to sell real estate after three years. It is the shortest minimum ownership period among the Caribbean CBI programs. The property must be owned for 5 years if the investor wants to sell it to a future participant of the CBI program.

Real estate prices in Dominica rise by an average of 4% per year. After the sale, investors receive a profit of 2 to 8%. You do not need to be present in the country to sell real estate, as the transaction takes place remotely. Additionally, there is a sales tax of 6%.

The government approves the estate for the Dominica program, which guarantees the transaction’s legality. Elite hotels and resort complexes are approved for the program. They are run by international companies with real estate experience in Europe, America, and the Caribbean.

Information about the main options for real estate investment in Dominica is explained in the article "Dominica citizenship by investment: 5 options for real estate investment".

Costs of joining relatives after the investor received a Dominica passport

Dominica does not limit the period of joining family members. However, it affects the amount of fees for family members. It is cheaper if the investor became a citizen less than a year ago.

The cost for family members to obtain a Dominica passport

Family members

The investor received a passport
less than a year ago

The investor received a passport
more than a year ago

Spouse

$50,000

$75,000

Children from 18 to 30 years old

$25,000

$50,000

Parents

$25,000

$50,000

If the investor or someone from their family has got married after obtaining citizenship in Dominica, the fee for joining a husband or wife will be $75,000. The amount does not depend on when the investor received the passport.

There is no need to pay extra for newborns and adopted children — it is enough to pay government fees.

In addition to the state fee for joining, the Dominica citizenship by investment cost for family members includes:

  • $4,000 — the state fee for the Due Diligence check for each family member over 16 years old;

  • $1,000 — the government fee for processing for the whole family, regardless of the number of people;

  • $500 — the government fee for processing an application for children born or adopted after obtaining citizenship;

  • $250 — fee for naturalization certificate.

The main applicant undergoes Due Diligence again with family members if more than a year has passed since the initial application for Dominica citizenship by investment. Due Diligence for the main applicant is $7,500.

5 benefits of Dominica economic citizenship for an investor

1. Freedom of travel worldwide. The list of visa-free destinations for those with a Dominica passport includes 145 countries, including the Schengen states, Singapore, and Hong Kong.

Terms of visa-free stay:

  • Schengen Zone — up to 90 days every 180 days;

  • Singapore — up to 30 days a year;

  • Hong Kong — up to 90 days a year.

2. A tourist visa to the USA for ten years. A B‑1/B‑2 visa entitles you to visit the United States for business or leisure purposes. US consulates accept visa documents in any country where entry is allowed with a Dominica passport.

3. Access to services of foreign banks. Foreign banks strictly check the documents and might refuse to open an account. It is easier for those with Dominica economic citizenship to use banking services. For example, some foreign banks do not ask for a lease agreement and an insurance policy number to open an account. Therefore, the second citizenship allows you to make settlements without currency control and additional commissions.

4. Preferential taxation for tax residents of Dominica. There are no taxes on gifts, property, and inheritance. The tax on income earned outside the country is 0%.

5. Business development abroad. It is easy to register an international company in Dominica to work with foreign partners. The government does not disclose personal and financial information about business owners, as their data is not entered into the commercial register when the company is registered.

Dominica passport price

Calibishie beach is one of the best beaches in Dominica. Waves are rare here

Which countries are visa-free with a Dominica passport

A Dominica passport helps travel even in a pandemic. Citizens of this country are allowed free entry to 145 of the 200 states of the world.

Dominica has a reputation for being a peaceful and friendly nation. The list of visa-free countries grows every year: the government decides on new agreements for visa-free entry.

Visa-free destinations for citizens of Dominica

  • Asia

    No.

    Country

    Conditions of entry

    1

    Armenia

    visa upon arrival

    2

    Bangladesh

    visa upon arrival

    3

    East Timor

    visa upon arrival

    4

    Hong Kong

    visa-free

    5

    Israel

    visa-free

    6

    Jordan

    visa upon arrival

    7

    Iran

    visa upon arrival

    8

    Cambodia

    visa upon arrival

    9

    Laos

    visa upon arrival

    10

    Macau

    visa-free

    11

    Malaysia

    visa-free

    12

    Maldives

    visa upon arrival

    13

    Nepal

    visa upon arrival

    14

    Palestinian territory

    visa-free

    15

    Singapore

    visa-free

    16

    Uzbekistan

    visa-free

    17

    Philippines

    visa-free

    18

    Sri Lanka

    electronic permit for entry

    19

    South Korea

    visa-free

  • Africa

    No.

    Country

    Conditions of entry

    1

    Botswana

    visa-free

    2

    Burundi

    visa upon arrival

    3

    Gambia

    visa-free

    4

    Guinea-Bissau

    visa upon arrival

    5

    Egypt

    visa upon arrival

    6

    Zambia

    visa-free

    7

    Cape Verde

    visa upon arrival

    8

    Kenya

    visa-free

    9

    Comoros

    visa upon arrival

    10

    Lesotho

    visa-free

    11

    Mauritius

    visa-free

    12

    Mauritania

    visa upon arrival

    13

    Madagascar

    visa upon arrival

    14

    Malawi

    visa-free

    15

    Mozambique

    visa upon arrival

    16

    Saint Helena Island

    visa upon arrival

    17

    Rwanda

    visa upon arrival

    18

    Seychelles

    visa upon arrival

    19

    Senegal

    visa upon arrival

    20

    Somalia

    visa upon arrival

    21

    Sierra Leone

    visa upon arrival

    22

    Tanzania

    visa-free

    23

    Togo

    visa upon arrival

    24

    Uganda

    visa upon arrival

    25

    Eswatini

    visa-free

  • Europe

    No.

    Country

    Conditions of entry

    1

    Austria

    visa-free

    2

    Andorra

    visa-free

    3

    Belarus

    visa-free

    4

    Belgium

    visa-free

    5

    Bulgaria

    visa-free

    6

    Bosnia and Herzegovina

    visa-free

    7

    Vatican

    visa-free

    8

    Hungary

    visa-free

    9

    Germany

    visa-free

    10

    Gibraltar

    visa-free

    11

    Greece

    visa-free

    12

    Denmark

    visa-free

    13

    Ireland

    visa-free

    14

    Iceland

    visa-free

    15

    Spain

    visa-free

    16

    Italy

    visa-free

    17

    Cyprus

    visa-free

    18

    Kosovo

    visa-free

    19

    Latvia

    visa-free

    20

    Lithuania

    visa-free

    21

    Liechtenstein

    visa-free

    22

    Luxembourg

    visa-free

    23

    Malta

    visa-free

    24

    Moldova

    visa-free

    25

    Monaco

    visa-free

    26

    Netherlands

    visa-free

    27

    Norway

    visa-free

    28

    Poland

    visa-free

    29

    Portugal

    visa-free

    30

    Russian Federation

    visa-free

    31

    Romania

    visa-free

    32

    San Marino

    visa-free

    33

    Serbia

    visa-free

    34

    Slovakia

    visa-free

    35

    Slovenia

    visa-free

    36

    Ukraine

    visa-free

    37

    Faroe Islands

    visa-free

    38

    Finland

    visa-free

    39

    France

    visa-free

    40

    Croatia

    visa-free

    41

    Montenegro

    visa-free

    42

    Czech Republic

    visa-free

    43

    Switzerland

    visa-free

    44

    Sweden

    visa-free

    45

    Estonia

    visa-free

  • Oceania

    No.

    Country

    Conditions of entry

    1

    Vanuatu

    visa-free

    2

    Micronesia

    visa-free

    3

    Niue

    visa-free

    4

    New Caledonia

    visa-free

    5

    Cook Islands

    visa-free

    6

    Palau

    visa upon arrival

    7

    Samoa

    visa upon arrival

    8

    Solomon Islands

    visa upon arrival

    9

    Tonga

    visa upon arrival

    10

    Tuvalu

    visa upon arrival

    11

    Fiji

    visa-free

    12

    French Polynesia

    visa-free

  • North America

    No.

    Country

    Conditions of entry

    1

    Anguilla

    visa-free

    2

    Antigua and Barbuda

    visa-free

    3

    Bahamas

    visa-free

    4

    Barbados

    visa-free

    5

    Belize

    visa-free

    6

    Bermuda

    visa-free

    7

    British Virgin Islands

    visa-free

    8

    Haiti

    visa-free

    9

    Grenada

    visa-free

    10

    Greenland

    visa-free

    11

    Dominican Republic

    visa-free

    12

    Cayman Islands

    visa-free

    13

    Costa Rica

    visa-free

    14

    Cuba

    visa-free

    15

    Montserrat

    visa-free

    16

    Nicaragua

    visa upon arrival

    17

    Panama

    visa-free

    18

    Saint Vincent and the Grenadines

    visa-free

    19

    Saint Kitts and Nevis

    visa-free

    20

    Saint Lucia

    visa-free

    21

    Sint Maarten

    visa-free

    22

    Turks and Caicos

    visa-free

    23

    Trinidad and Tobago

    visa-free

    24

    French West Indies

    visa-free

    25

    Jamaica

    visa-free

  • South America

    No.

    Country

    Conditions of entry

    1

    Argentina

    visa-free

    2

    Aruba

    visa-free

    3

    Bolivia

    visa upon arrival

    4

    Bonaire, Sint Eustatius and Saba

    visa-free

    5

    Brazil

    visa-free

    6

    Venezuela

    visa-free

    7

    Guyana

    visa-free

    8

    Colombia

    visa-free

    9

    Curacao

    visa-free

    10

    Peru

    visa-free

    11

    Suriname

    visa-free

    12

    Uruguay

    visa-free

    13

    French Guiana

    visa-free

    14

    Ecuador

    visa-free

What gives the investor the status of a tax resident of Dominica

To become a tax resident, you need to live in the country for at least 183 days a year. For a company to obtain tax resident status, it must be registered in Dominica.

A non-resident does not need to pay any taxes in Dominica if they do not receive income in the country. There are no taxes on dividends, inheritance, and capital gains for residents, but there is a tax on global income. The tax rate on global income is progressive: from 15 to 35%. In general, living in Dominica is beneficial if the primary source of income is dividends and interest.

Taxes in Dominica

Tax

For individuals

For companies

Global income

15—35% for residents
0% for non-residents

25% of profit for residents
0% for non-residents

Income in Dominica

0% for residents
15—35% for non-residents

0% for residents
25% for non-residents

Dividends

0% for residents

15% for non-residents, if the source of income is in Dominica

0% for residents

15% for non-residents if the source of income is in Dominica

Inheritance

No

No

Capital gains

No

No

Stamp duty

2.5% — for the seller
4% — for the buyer

2.5% — for the seller
4% — for the buyer

Social security contributions

6% of salary

7% of salary

Dominica concluded two treaties on double tax avoidance. The first one is multilateral with 10 other Caribbean countries, and the second is with Switzerland. If the investor has nationality of another country, it will be necessary to comply with its tax policy as well.

Dominica participates in the international Common Reporting Standard (CRS) system and exchanges financial information. Like other Caribbean countries, Dominica does not disclose information about the company’s owners: the data is not entered into the commercial register.

Registration of an international business company (IBC) takes up to two weeks. The registration cost is about $2,100, and the minimum charge for maintaining a company is about $1,400 per year.

Documents for registration:

  • agreement on the establishment of a company;

  • order on the appointment of a director;

  • Dominica office registration certificate;

  • statement from the company owner about the age of the majority.

It is easier for Dominican tax residents to open an account in international banks. This helps to transfer currency faster and without additional fees.

Six steps to obtain Dominica citizenship

1

Contact a licensed program agent

Immigrant Invest is the only licensed agent of the Dominica program with our own compliance department.

A certified Anti Money Laundering Officer will study the applicant’s situation in detail, assess the possible risks of rejection, advise, and offer solutions.

2

Sign an agreement with a licensed program agent

Only a licensed agent can process applications for citizenship by investment. Dominica Citizenship by Investment Unit (CBIU) does not accept direct applications.

The Government of Dominica has empowered Immigrant Invest to apply for citizenship on behalf of the applicant. You can complete a contract in one of our offices or remotely.

3

Prepare documents

Immigrant Invest lawyers make a list of required documents. They fill out government forms, translate them into English, and notarise documents. The application is then sent to the Government of Dominica.

4

Attend an interview

All applicants over 16 years old are obligated to have an interview with a representative of the Dominica Citizenship by Investment Unit.

5

Wait for the decision from the government of Dominica

Due Diligence takes two to six months. If it is successful, the application is approved.

The approval is sent in an official letter to the address of the licensed agent at Immigrant Invest. After receiving a favourable decision, you need to fulfil the investment condition. This is given 30 days after permission to issue citizenship.

6

Obtain a passport and a naturalisation certificate

Obtain a passport and a naturalisation certificate at the Immigrant Invest office or a convenient address through courier delivery. Dominica passport is valid for 10 years.

Immigrant Invest is a licensed agent for citizenship and residence by investment programs in the EU, the Caribbean, Asia, and the Middle East. Take advantage of our global 15-year expertise — schedule a meeting with our investment programs experts.

Will you obtain Dominica citizenship?

Practical Guide

Will you obtain Dominica citizenship?

Frequently Asked Questions

  • Can you buy Dominica's passport?

    Dominica citizenship can be obtained for two to six months by investing $100,000 in the state fund or $200,000 in real estate.

    The investor can include close family members in the citizenship program: their spouse, children under 30, and parents over 65. The entire citizenship by investment procedure can be completed without visiting Dominica.

  • How much does it cost to become a Dominica citizen?

    Foreign citizens can obtain Dominica citizenship in exchange for investment.

    Investment options are:

    • from $100,000 — contribution to the Economic Diversification Fund;

    • from $200,000 — in real estate approved by the government. The minimum period of property ownership is five years.

    In addition to the amount of investment, the general expenses of the program include administrative and government fees for paperwork.

    The investor and his family members over 16 years old need to pass the Due Diligence check.

    Registration takes place remotely: you do not need to visit the country. Documents are sent by courier or to the office of a licensed program agent. Dominica’s passports are delivered to a convenient address for the investor.

  • Is the investment refundable?

    Contribution to the EDF is non-refundable. If you choose to contribute to the real estate, you can sell the property after 3 years of ownership and return the money.

  • Is there any difference in cost if I apply individually or with my family?

    Yes, the costs increase when adding dependents. The exact amount depends on the number and age of the family members.

  • What does a Dominica passport give to an investor?

    The main benefits of Dominica citizenship for investors:

    1. Dominica is a former British colony, now part of the Commonwealth of Nations. Citizens receive all the benefits provided for the Commonwealth countries.

    2. Cosmopolitans with a Dominica passport are free to travel to 144 countries. A Dominica passport by investment replaces a visa to the EU countries, Singapore, and Hong Kong.

    3. In unforeseen situations, citizens can seek help from the embassy of any country in the Commonwealth of Nations.

    4. For citizens of Dominica, it is easy to apply for a B‑1/B‑2 visa in the USA for ten years. Visa documents are accepted by US consulates of any country where visa-free entry is possible with a passport.

    5. Dominica tax legislation is beneficial for tax residents of the country. There are no gifts, inheritance, or capital gains taxes. The government does not disclose financial information about business owners.

  • How long is the passport valid?

    Dominica’s passport is issued for ten years, for children under 16 — for five years. Then a Dominica second passport is given in replacement. It is sufficient to contact the licensed program agent for information on Dominica’s second passport program.

    Dominica passport cost: the state duty for issuing a new passport is $750. Each subsequent passport is valid for ten years. At the same time, citizenship is issued forever, and they cannot refuse to issue a passport.

  • How to apply for Dominica citizenship?

    To obtain Dominica citizenship, you must first select a licensed program agent. The Agent is a law firm that has received an official licence from the government of the Commonwealth of Dominica. She is empowered to apply on behalf of the main applicant for citizenship by investment.

    Only licensed agents can apply for citizenship by investment. Dominica Citizenship by Investment Unit (CBIU) does not accept direct applications.

    Immigrant Invest is the only licensed Dominica citizenship program agent with its own compliance department. The Certified Compliance Anti Money Laundering Officer knows every program requirement: he quickly assesses the risks of failure and proposes a suitable solution.

  • How to successfully pass the Due Diligence for Dominica Citizenship by Investment?

    Due Diligence is a legal check of an investor and his family members over 16 years old. It depends on its results whether the government of the Commonwealth of Dominica will approve the citizenship application. Citizenship will not be granted to applicants with a criminal record, previous citizenship, or residence permit denials.

    The applicant must provide authentic documents and confirm that the investment was earned legally to pass the check successfully.

  • Can you immigrate to Dominica?

    Yes, you can immigrate to Dominica by becoming its citizen. Investors obtain Dominica nationality by contributing at least $100,000 to the Economic Diversification Fund or by purchasing real estate worth a minimum of $200,000.

    With a Dominica passport, you get access to a safe haven at any time, even if the borders are closed. You also get to enjoy a Caribbean lifestyle and a life by the ocean. Among other perks of Dominica passport are travel visa-free to 145 countries, a 10-year visa to the USA, and the possibility to move together with your family.

  • Is it cheap to live in Dominica?

    Yes, it is quite cheap to live in Dominica. It is cheaper compared to most other Caribbean countries. One person will need around $500 for living expenses and around $300 for rent per month. A family of four will spend approximately $1,500 monthly, including rent.

    An investor may live in the country after obtaining its passport. The investment starts at $10,000.