Dominica’s citizenship by investment (CBI or CIP) has been in operation since 1993, making it one of the world’s oldest 2nd passport programs. The Dominica Citizenship by Investment (CBI) is the most popular second citizenship program, with thousands of applicants per year obtaining Dominican citizenship.
Only applications from government-registered approved agents are accepted.
Dominica Citizenship By Investment Programme offers two options to investors in getting second citizenship by investment in Dominica. It provides investors with a cash donation option as well as a real estate option. The real estate investment must be kept for a minimum of three years. In 2017, the minimum contribution sum to the Economic Diversity Fund was lowered to make it even more accessible. It only takes a few months to complete the process.
Citizenship may be granted to family members such as a partner, children, siblings parents, and grandparents. One of the best features of Dominica’s passport is that it allows visa-free travel to the Schengen region of Europe for 90 days in 180 days and to Russia for 90 days.
East Caribbean Dollar (XCD)
The Dominica Citizenship by Investment Unit (CBIU), a newly formed government authority within the Ministry of Finance, is the regulatory body in charge of enforcing all regulations governing the passport program and ensuring that only deserving applicants are admitted.
The essential applicant must be at least 18 years old and meet all Dominica immigration criteria to be deemed eligible.
The Dominica Economic Diversification Fund (EDF) funds public and private sector initiatives to boost national growth and sustain the island’s social and financial stability.
The fund has listed several public-sector projects for funding, including the renovation of the local hospital, the construction of new schools, the construction of a national sports stadium, and the promotion of Dominica’s offshore industry. The fund mainly funds private sector ventures that advance the country’s information technology, tourism, and agricultural sectors.
To qualify for Dominican citizenship through the real estate investment option, an applicant must spend at least $200,000 on permitted real estate in the country and keep it for at least three years. After five years of possession, the applicant is entitled to resell the property under the citizenship by investment scheme.
You must buy authorized real estate with a minimum value of $200,000 to apply for Dominica citizenship via the Citizenship by Investment Program’s real estate option.
Additionally, the government charges application fees of:
You must select an authorized agent from the list of authorized agents before applying for citizenship. Citizenship applications must be conducted by an Approved Agent and cannot be sent directly to the Citizenship by Investment Unit (CBIU). He will assist you in completing the required forms and documents for submission to the CBIU. You'll need to fill out official paperwork, go through a medical test, and gather some supporting documents, all of which must be submitted in English and notarized and legalized as required. If you're buying a house, you'll need to put down a deposit in a sales and purchase agreement. Your Approved Agent will send your application to the CBIU and communicate with the CBIU on your behalf until all of your forms and documentation have been obtained.
Your application will be vetted through a rigorous due diligence background check after it has been submitted, which will validate the details you have given. The CBIU will review your file in light of the due diligence report and recommend the government on your submission. Your Authorized Agent will send you a letter informing you if your application was approved ('Approval in Principle'), postponed for further processing, or denied. A third-party due diligence firm will conduct rigorous background checks on the details you have submitted during this period. The processing time ranges from 60 to 90 days.
If your application was accepted in principle, the CBIU would send you a letter instructing you to make the donation payment or complete the real estate property payment. The CBIU will issue your certificate of registration after obtaining proof of payment, which serves as proof of citizenship and can be used by you or your Approved Agent to apply for a Dominican passport.
Enter your account data and we will send you a link to reset your password.
To use social login you have to agree with the storage and handling of your data by this website. %privacy_policy%Accept