The Commonwealth of Dominica has created a Citizenship by Investment program available to citizens outside the country. The program is designed to generate more investment while improving the infrastructure and economy of programs. The program was launched to develop more foreign direct investment and boost the island’s economy and infrastructure. Investors can either make a one-time contribution to the country’s Economic Diversification Fund starting from $100,000 or invest in government-approved real estate starting from $200,000.
Dominica’s CBI program grants second passports and citizenship to high-net-worth individuals. The following are the benefits of Dominica citizenship:
One of the most compelling reasons to invest in a Dominica citizenship program is the opportunity to enjoy visa-free travel that enables high net-worth individuals and their families to experience mobility to 143 countries. One can also enjoy visa-free travel benefits with shopping and leisure pursuits. This world-class freedom is attainable through easy, reputable means.
Dominica is a beautiful Caribbean place nicknamed the “Nature Isle of the Caribbean,” It offers an ideal lifestyle for people of all ages. Friendly locals, mixed cultures, and pristine beaches make Dominica a top tourist destination. English is the official language of Dominica, but Creole is also widely spoken. Due to the green mountains and magnificent blue ocean, Dominica is quickly becoming a top destination for tourists and investors seeking a second home.
Dominica is one of the best countries to apply for citizenship for retirement. Their pristine beaches, rainforests, etc., make it a popular destination with an eco-friendly lifestyle and attractive tax policies. To get permission, you need to apply for a passport — you can typically enjoy visa-free travel to 143 countries and territories, among other benefits.
If you are a family, you can get citizenship by purchasing an investment property worth only $100,000. This offers an excellent chance for retired seniors interested in exploring the knowledge and experience they have accumulated over the years.
Attractive Tax Policies
Dominica’s attractive tax policy offers no taxes on foreign income, capital gains, inheritance, dividends, wealth, or gifts. Dominica also has a double taxation treaty with CARICOM members like St Kitts and Nevis and St Lucia, which states that the countries have agreed to avoid double taxation.
No Residency Requirements
The Dominica CBI program allows applicants to maintain their citizenship without visiting the country or being a physical resident. As a result, the program has been able to process applications more successfully and efficiently since COVID-19.
Dominica values discretion, so the government does not publicly announce its citizens’ new names. This measure allows investors and their families to enjoy dual citizenship privately.
Citizenship for the Whole Family
If you want to protect your family’s future, consider the Dominica CBI program. When part of this program, family members can be added; spouse and under 30 years old dependent children or dependent parents of any age. It is one of the easiest ways to do so.
When Dominican citizen receives the certificate of naturalization and their passport, they are granted citizenship for life. As a result, one does not have to renew their visa every five years, which can be passed down to future generations.
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It is beneficial to hold dual citizenship with Dominica to protect your family and yourself. This allows you to travel visa-free or move during times of difficulty in your home country.
Dominica offers an excellent opportunity for residency by investment. They have a high standard of living and are growing economically, all making it an exceptional host jurisdiction. The minimum investment is $100,000, so one can purchase residency and explore 143 destinations.