Organization : Citizenship By Investment Unit
Type of Facility : Applying For Citizenship
Country: Dominica
Website : https://cbiu.gov.dm/
Applying For Citizenship :
The highly reputable Citizenship by Investment Programme in Dominica invites investors of good character to make an economic contribution to Dominica and in exchange, the applicant and their family are eligible to obtain full citizenship of the country, within the strict guidelines of the law.
Related : Treasury Department Dominica Life Certificate For Government Pensioners : www.statusin.org/5231.html
The Citizenship by Investment Programme of Dominica has been operating since 1993 and is legally entrenched in the Dominican Constitution and the Citizenship Act.
Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution made into the Government Fund amounting to USD100,000 depending on the number of dependents included in the application or an investment in designated Real Estate with a value of at least USD 200,000. Additional payments for any dependents included in an application, due diligence fees, government fees and other fees are also payable.
All applications for citizenship should be directed through an Authorised Agent. The Authorised Agent will assist you with an application together with all the required legal and other documents.
Applying For Citizenship :
Step- 1:
The first step for applying for Citizenship is to choose an Authorised Agent from the list of the Authorised Agents. Applications for citizenship cannot be submitted directly to the Citizenship by Investment Unit and must only be handled by an Authorised Agent.
An “authorised agent” means a person licensed by the Citizenship by Investment Unit who has paid the authorised agent’s fee pursuant to paragraph 1(1) of the Schedule to these Regulations and is authorised to act on behalf of the main applicant in relation to a citizenship by investment application.
Step- 2:
The second step is to contact your chosen Authorised Agent who will provide you with assistance in preparing your documentation for submission to the CBIU. You will need to complete the official forms, attend a medical examination and obtain certain supporting documents, all of which need to be submitted in English and with the appropriate legalisation. If you are purchasing property, this will need to be reserved through a sales and purchase agreement at this point.
Your Agent will be able to advise you on the preparation of the documents and how to have them legalised. A complete list of the required forms is available here.
Step- 3:
When all of your forms are complete, the Agent will submit the application to the CBIU of Dominica and will liaise with the Unit relating to all correspondence, queries or questions on your file that may arise in due course. There is currently no mandatory interview requirement for the Dominican Citizenship by Investment Program, however an interview may be required at the discretion of the government.
Step- 4:
Your application will be vetted through a thorough due diligence back ground check which will verify the information that you have provided. The CBIU will consider the file in the light of the due diligence report, and will take a decision about your application. You will receive a letter through your agent which will inform you whether your application has been successful, has been delayed for further processing or has been rejected.
Step- 5:
If your application is successful, the CBIU will issue a letter instructing you to make the investment payment (for the Government Fund option) or to complete the payment of the real estate property. Upon receiving proof of the payment, the CBIU will issue the certificate of registration which will be able to be used by your agent to apply for a Dominican passport.
The Benefits:
As a citizen of Dominica, you can take advantage of a range of personal benefits which include:
** Becoming a citizen of this peaceful and welcoming country for life through one of the oldest and most trusted citizenship by investment programmes
** Visa-free travel to 95 countries, including the United Kingdom, Singapore, Hong Kong and Ireland
** Minimal taxation – no wealth, gift, inheritance, foreign income or capital gains tax
** Full residence status, with the right to live and work in Dominica
** Dual citizenship is allowed
** There is no requirement to reside in Dominica before or after citizenship is granted
** The application process is confidential.
Lifestyle Benefits:
Dominica has been named as one of the world’s happiest places to live. Boasting a high number of centurions (people who have lived to be older than 100 years), it offers an easy lifestyle within a safe, peaceful and pristine environment with a culturally vibrant and friendly community.
The “Nature Island of the Caribbean” is a green tropical paradise and one of the most beautiful islands in the Caribbean. It is practically untouched nature with countless rivers and waterfalls, and emerald green mountains dropping dramatically into the turquoise sea.
Dominica hosts the world’s second-largest hot spring, Boiling Lake and features lush, mountainous rainforests, which are home to many rare plant, animal, and bird species. Dominica’s clear and calm oceans offer excellent opportunities for diving and snorkelling and have spectacular dive sites including shipwrecks and even underwater hot springs.
In 1998, Dominica’s Morne Trois Pitons National Park was designated a World Heritage Site by UNESCO. Since 1997 Dominica has actively participated in the work of Green Globe to develop a model for ecotourism within Dominica.
Business Advantages Of Dominica Citizenship:
** Minimal taxation – no wealth, gift, inheritance, foreign income or capital gains tax and no personal income tax for residents
** Dominica is signatory of double taxation treaties with the USA and Caricom
** There is No restriction on the repatriation of profits and imported capital
** Generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance
** Currency pegged to US Dollar
** Duty Free Trading in Caribbean
Required Documents:
** Disclosure Form
** Verification form
** Two (2) completed and notarized copies of Application Form 12 for each applicant
** One (1) professional reference
** Letter of Employment/ Financial Statements
** Recommendation from applicant’s Bankers
** Two (2) Personal references
** Police Record, with fingerprints, from country of birth and country of residence (if different) for each applicant sixteen (16) years and over. For children twelve to fifteen (12-15), sworn affidavit by parent that child does not have criminal record
** Eight (8) passport size photos for each applicant
** Marriage Certificate/Dissolution of Marriage if required
** Birth Certificate
** Medical Certificate
** Letter of recommendation from the head of the school/university for children between 12 and 18 years old
** Proof of payment of relevant fees.
** Affidavit of Source of Funds.
** Detailed Business Background Reports/Resume
** Notarized copies of University/College diplomas.