Dominica-200k $ | Global Citizenship

DOMINICA

Investor Program

The Commonwealth of Dominica government announced new regulations to come into force in July 2024. Dominica citizenship program has a long history as the most popular Caribbean citizenship option. The changes are minor but not beneficial.

The amendments modify the definition of the dependants and the structure of official fees to be paid.

Who cannot qualify?

Siblings from any side are not allowed. From now on, the main applicant's (or spouse's) siblings should independently apply for economic citizenship in Dominica to obtain their Caribbean passports.

What are the changes for adult children?

The age limit has not altered; dependent children should be under 30. However, adult children shall not only be financially reliant on the main applicant but also be enrolled in a recognized institution of higher learning and be able to prove it.

Are there any exceptions?

Unmarried daughters under 25 are not required to be enrolled in higher education but should live with the main applicant together.

What are the changes regarding parents and grandparents?

Unfortunately, the no minimum age limit is cancelled; they should be over 65 and financially dependent on the main applicant.

Should the applicants pay more or less for Dominica citizenship?

Dominica first launched their Citizenship by Investment programme in 1993 as a way for the Government to raise foreign investment to help support the countries economy and develop the Islands infrastructure. The real estate investment option was later introduced in January 2015.

Until 1993 it was not possible to gain Dominican citizenship without residing in the country. The Dominican government changed that with the Economic Dominica Citizenship programme whereby the need for residency to gain citizenship was waived. Applicants making such a contribution are granted full citizenship for themselves and their family. A Dominican passport allows visa-free travel to over 153 countries worldwide.

DOMINICA

I. ECONOMIC DIVERSIFICATION FUND (EDF)

The Economic Diversification Fund under the Dominica citizenship program was established as one component of a national capital mobilisation portfolio towards the government’s ultimate goal: national development for the Commonwealth of Dominica.
To qualify for citizenship under the Economic Diversification Fund investment option, there are more categories with different minimum contribution amounts. How much you have to invest to qualify for citizenship depends upon the number of dependents included in the application. Exact US dollar amounts to qualify for Dominica Citizenship by Investment are as follows:
Main applicant only: US$ 200,000
Main applicant and up to three dependents: US$ 250,000
Each additional dependent under 18: US$ 25,000
Each additional dependent aged 18 or over: US$ 40,000µ

II. REAL ESTATE

Tourism is a fuel for the island’s economy. In a move designed to increase tourism-related development, the Commonwealth of Dominica’s Citizenship by Investment (CBI) programme allows investors to qualify for citizenship by buying into approved real estate developments in any part of the island.

To qualify under the real estate option, the investor (or family) must enter into a contract to purchase real estate worth US$ 200,000 or more.