Who can get Dominica citizenship by investment
In order for an investor to apply for Dominica citizenship, he must be 18 years old. It is important that he does not have a criminal record and serious illnesses.
The applicant also needs to prove that the money for investment under the program was obtained from legal sources. To do this, he provides financial documents that confirm the origin of money: statements, reports, contracts. The citizenship by investment unit checks and decides whether the applicant can be issued a Dominica passport.
An investor can apply for citizenship not only for himself. Family members are added to the application:
- a spouse;
- children under 30;
- disabled children;
- parents and grandparents, their spouses;
- unmarried and childless siblings under the age of 25.
The application includes relatives of the main applicant and his spouse. Adult family members need to prove that the applicant financially supports them otherwise they will not be able to get passports.
How to get a Dominica passport: how much to invest
The Dominica Citizenship Program provides 2 investment options: a government contribution and real estate purchases.
A contribution to the state fund. The amount of the contribution starts from $100,000, this is how much an investor will make who applies for citizenship only for himself. The larger the family, the larger the contribution.
Amount of contribution to the state fund
|Family composition||Minimum investment|
|Main applicant and spouse||$150,000|
|Main applicant and 2-3 other family members||$175,000|
Participation of siblings from 18 to 25 years old costs $50,000 for each brother or sister.
Money from the fund is spent on the development of medicine, infrastructure, education and green energy. We talked about this in the article “How much Dominica has earned over the past 3 years and what this money is spent on.”
A purchase of commercial real estate. A share in real estate valued at least $200,000 is eligible to participate in the Dominica program. It can be resold after 5 years from the date of obtaining citizenship. The amount is fixed and does not depend on the number and age of family members.
In addition to investing in real estate, applicants pay a state fee:
- $25,000 for the main applicant;
- $35,000 for a family of up to 4 people;
- $60,000 for a family of 4-6 people;
- $70,000 for a family of 7 or more.
Participation of brothers and sisters of the investor or his spouse is paid separately: $25,000 for minors and $50,000 for those over 18 years old.
Both when making a contribution to the state fund, and when buying real estate, there are additional costs: Due Diligence, information processing, issuance of passports and naturalization certificates, payment for legal services. The total amount depends on the number of family members.
Procedure of obtaining Dominica citizenship by investment
To become Dominica citizens, cosmopolitans turno licensed program agents. You can not collect and submit documents on your own.
The agent conducts a preliminary Due Diligence check and concludes an agreement with the applicant. Lawyers complete a package of documents and send an application for participation in the program.
Due Diligence in the CBI unit is the next step. It usually lasts 2-6 months. If everything is in order, the applicant's candidacy is approved for participation in the program. You can pay for the investment and receive a passport.
The whole process takes 3 to 7 months. Most of the time, the investor only needs to hand over the documents that the lawyers will ask for. The agent company will take care of the rest. The procedure for issuing passports is completely remote, you do not need to fly to Dominica.