Real estate

Dominica citizenship by investment: 5 options for real estate investment

Dominica is one of the countries in the Caribbean that offers a second citizenship for real estate investment.

Most wealthy people who apply to Immigrant Invest to participate in the Dominica program think that it is about buying villas and apartments. However, the program limits the cost and choice of objects.

Terms of the Dominica investment program

The terms of the Dominica citizenship by investment program are described in section 101 of the Dominica Constitution and sections 8 and 20 of the Citizenship Law. 

The procedure of obtaining citizenship under the program lasts from 2 to 6 months. 

The law does not require investors to stay in the country either before or after obtaining a passport. Therefore, participation in the program  is completely remote.

Together with the investor, the following can participate in the program:

  • spouse;
  • children under 30;
  • brothers and sisters under 25;
  • parents, grandparents, no age limit.

How much does Dominica citizenship by investment cost?

The Dominica citizenship by investment program offers investors the chance to obtain citizenship under one of two options.

Option 1: Investment in real estate. It is necessary to invest $200,000 in real estate, regardless of the composition of the family.

$200,000
amount of investment in real estate

Buying real estate is a refundable option. Under the terms of the program, it is possible to return investments in real estate, that is, to sell the object, after 3 years after obtaining citizenship. 

If the investor sells the property after 5 years, the object can re-participate in the citizenship program. This increases the liquidity of the asset.

In our experience, investors who participate in the Dominica program under the real etate option do not sell assets until after 5 years.

When buying real estate under the citizenship program, a special government fee is charged. Its amount depends on the number of applicants for citizenship. 

State fee for the purchase of real estate 

ApplicantsFee
Investor$25,000
Family up to 4 people, without siblings $35,000
Family from 5 people, without siblings$50,000+
Brother or sister under the age of 18$25,000
Brother or sister aged 18 to 30$50,000

Option 2: A non-refundable contribution to the government's Economic Diversification Fund. The amount of the contribution is from $100,000 and depends on the composition of the investor's family. Funds from the fund go to social programs such as housing and medicine.

The non-refundable contribution to the state fund of Dominica

ApplicantsAmount of contribution
Investor$100,000
Investor with spouse$150,000
Investor with spouse and two children$175,000
Family of 5 people$175,000

+ $25,000
for each child, parent, minor brother or sister

+ $50 000 per
a sibling between 18 and 30

Additional costs under the Dominica citizenship program 

The government Due Diligence fee is a mandatory additional cost for participation in the program. This is the main stage of the citizenship program, in which the investor and his family members undergo Due Diligence.

For the investor, the fee for Due Diligence is $7,500, for other family members over 16 years old, $4,000. There is no fee for children under 16 years of age.

$7,500
fee for Due Diligence for investors

The processing of documents is $1,000 for the whole family. There are also fees for:

  • Issuance of certificates of naturalization — $250 per person;
  • issuance of passports — $300 per person.
Individual cost calculation of the Dominica citizenship

What properties do investors choose to buy?

All properties eligible for the citizenship program are approved by the Government of Dominica. This limits the choice of investors, but, on the other hand, protects against scammers.

Approved projects are objects of tourism infrastructure, usually hotel complexes. Four years ago, only one project was approved for participation in the program, and now there are already eight.

An investor can purchase a share, an apartment or a villa in a hotel. Buying a share is the least expensive option, it costs from $200,000. As an investor, you get the right to stay at the hotel for free for 1-2 weeks a year.

If you buy an apartment or a villa, you can keep it or rent it out. The problems of maintenance or finding tenants will not fall on you as the management company will take care of this.

Immigrant Invest real estate experts study information about all citizenship program projects. Lawyers check the purity of contracts and assess risks. This is how Immigrant Invest clients receive proposals for the best and most reliable projects.

5 projects for real estate investment in Dominica

We talk about the best projects approved by the Dominica government for participation in the citizenship program.

1. Five-star resort complex managed by Autograph Collections. The complex is located on one of the most beautiful beaches of Picard Beach in Portsmouth, on the northwest coast of Dominica. 

Investors can purchase shares or apartments with one or two bedrooms. The cost of a share in the project is $220,000, the cost of apartments is from $320,000.

The commissioning of the hotel is scheduled for the first quarter of 2022. At the time of construction, the developer estimates the return on investment at 2%. Since the opening, the yield will increase to 3.5%.

All properties purchased in whole or in part will be managed by the resort and will not be available for permanent residence. Investors will be able to stay at the hotel free of charge for one week a year.

The hotel is located 50 meters from the Caribbean coast

В отеле 128 номеров. Это апартаменты с 1 и 2 спальнями, 2 типа люксов, президентский номер.

The hotel has 128 rooms: one and two bedroom apartments, two types of deluxe rooms and a presidential suite

Курортный комплекс премиум класса: гражданство Доминики

Each room has its own swimming pool

Недвижимость для получения гражданства Доминики за инвестиции

The hotel complex spans 12 acres

2. The five-star Kempinski-managed hotel is nestled deep within the Cabrits National Park. The hotel opened in 2019 and has 151 rooms. 

Despite the seclusion of the hotel, the airport is only 34 km away. And on the territory of the resort there is a spa, four restaurants and bars, an art center, two floodlit tennis courts, four swimming pools, a gym and a conference and wedding hall.

Investors are invited to purchase a share worth $220,000.

Доминика специализируется на эко-туризме. На острове 365 рек, водопадов и горячих источников. Курорт спроектирован так, чтобы соблюсти природный баланс между комфортом и экологической безопасностью.

Dominica specializes in eco-tourism. There are 365 rivers, waterfalls and hot springs on the island. The resort is designed to strike a natural balance between comfort and environmental friendliness

Инвесторы получают возможность провести в отеле 1 неделю в году.

Investors get one week a year free of charge at the hotel

Доходность инвестиций составляет 3一5% в год.

Investment yield is from 3 to 5% per annum

В отеле 151 номер с видом на Карибское море.

The hotel has 151 rooms overlooking the Caribbean Sea

3. Hotel complex near the town of Scots Head. It was put into operation in several phases. The first phase of villas began to receive guests in 2019. Construction was fully completed at the end of 2021. 

There are 120 villas on the territory of the complex, 18 of which are for sale overlooking the bay. A 37 m² villa costs $255,000.

The management company estimates the return on investment at 4% per annum.

The developer has over 10 years of experience in profitable investments in hotels in the Caribbean

Эко-отель, дачный комплекс

The surf line starts 50 meters from the property

Villa has one bedroom and one bathroom

Инвестор может отдохнуть в отеле 1 неделю в году.

The investor can relax in the villa for free one week a year

4. The hotel complex of eco-cottages is located in the rainforest, in the vicinity of the village of Laudat, Roseau Valley. It is home to the Mo e Trois Pitons National Park, a UNESCO World Heritage Site.

72 cottages and swimming pools are being built on the territory of the hotel. Investors will be able to become equity participants in the project. The value of one preferred share is $200,000.

The developer estimates the investment yield after putting the hotel into operation at 3% per annum. The opening of the hotel is scheduled for November 2022.

The investor and his family members will be able to stay at the hotel for one week during the high season or two weeks during the low season. At the same time, seasonality in the Caribbean Islands is weakly expressed, you can relax all year round.

A four-hectare hotel located deep in the rainforest

От отеля до берега океана 2 км.

From the hotel to the searncoast two kilometers

В коттедже 1 спальня и 1 ванная комната.

The cottage has one bedroom and one bathroom

В отеле будут работать спа-комплекс, центр йоги.

The hotel will have a spa -complex and yoga center

5. Operating a five-star boutique hotel. There are 42 tree house-style villas on site. You can buy a share in the project worth $218,000 or a villa. Villas ranging from 126 to 481 m² cost from 1.5 to 3.8 million dollars. 

The hotel is rented out in four phases. The first, second and third phases of villas have been put into operation. Villas of the fourth phase will begin to receive guests from October 2022.

Курортный СПА-комплекс 5 звезд: гражданство Доминики

The hotel villas are located on top of a cliff, overlooking the Caribbean sea

Гражданство Доминики через инвестиции в недвижимость

The hotel has three secluded beaches and a searncave, ecological trails are laid

На виллах панорамное остекление, есть частные бассейны и тропические души на открытом воздухе.

The villas have panoramic glazing, private pools and rain showers outdoors

На каждой вилле 1一2 спальни и 1 ванная комната.

Each villa has one or two bedrooms and one bathroom

What are the benefits of Dominica citizenship by real estate investment

The Dominica government selects the best real estate projects to participate in the program. Real estate investments start at $200,000, which is a small investment compared to European citizenship or residency programs.

For comparison, under the Portuguese residence permit program, you need to invest at least €250,000. At the same time, a residence permit of an EU country does not give freedom of visa-free travel around the world, unlike citizenship.

Citizenship of Dominica provides many advantages:

  1. You can visit more than 140 countries without a visa, including the Schengen countries, the UK, Singapore, Hong Kong.
  2. As a citizen of Dominica, you will be able to obtain a US tourist visa for 10 years. Processing will take approximately 2 weeks. You can apply for a visa at the nearest US consulate or visa center.
  3. With a Caribbean passport, it is much easier to become a client of a bank that operates in the EU. An account in a European bank will allow you to have savings.
  4. Dominica has a loyal taxation system, for example, there are no taxes on capital gains, inheritance. You can optimize taxation.
  5. You can register companies on a Dominica passport.

By participating in the Dominica citizenship by real estate investment program, you acquire a liquid asset. Your property will be managed by the developer. The investment will be returned after 5 years.

Dominica citizenship by investment: 5 options for real estate investment

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