DOMINICA
Citizenship-by-Investment
Dominica, a Caribbean island known for its natural beauty, offers a Citizenship-by-Investment Program granting visa-free access to 153 countries. Established in 1993, it provides full citizenship rights in exchange for economic contributions.
Key Benefits of Dominican Citizenship
- Visa-free travel to 153 countries, including the European Union, Singapore, Hong Kong, and China.
- Full citizenship for the main applicant, spouse, children, parents, and grandparents.
- No physical residency requirement for citizenship.
- Dual citizenship allowed with no restrictions.
- Lowest-priced program in the Caribbean for single applicants.
- Citizenship via marriage or descent is also possible.
- Additional documentation includes a Tax ID and Driver’s License.
Eligibility and Dependants
Eligible family members include
Spouse
Subject to good character and health criteria.
Children
Children under 30 years old (must be enrolled in full-time education if over 18).
Unmarried daughters under 25 or up to 30 if studying.
Children with physical or mental disabilities of any age.
Parents
Parents and grandparents over 65 years of age who are financially dependent.
Investment Requirements
Applicants must choose one of the following investment options:
- Non-refundable donation starting at USD 200,000.
- Funds support public infrastructure, education, and healthcare projects.
- Purchase government-approved real estate valued at USD 200,000 or more.
- $100,000 government contribution fee.
- Investment must be maintained for at least three years.
Additional Fees and Processing Costs
In addition to the investment, applicants are responsible for the following fees:
- Included in the primary contribution.
- USD 7,500 for the main applicant.
- USD 4,000 for each dependent over 16 years of age.
- USD 300 per person.
- USD 250 per person.
Application Process
The application process typically takes between four and six months and follows these stages:
01
Month 1: Initial Steps
Due diligence checks conducted by the CBIU.
Sign the Client Agreement (CA) and submit a retainer payment.
For real estate investments, execute a Sales Agreement with developers.
Application documents are prepared and reviewed.
02
Months 2-3: Application Submission
Finalized applications are submitted to the CBIU.
Mandatory interviews conducted for applicants and dependants aged 16 and above.
The CBIU conducts comprehensive due diligence.
03
Months 4-6: Approval and Citizenship
Upon approval, applicants make final contributions and pay applicable fees.
Certificates of Naturalization are issued, followed by passports.
Dominica offers a favorable tax environment, including:
- No taxation on worldwide income for residents (residing fewer than 183 days annually).
- Progressive income tax rates for residents: 15%, 25%, and 35%.
- No capital gains, net worth, or inheritance taxes.
- Stamp duty: 2.5% for sellers and 4% for buyers on real estate transfers.
Grenada allows dual citizenship, meaning you do not have to renounce previous citizenship(s).
Grenada offers an attractive tax regime with:
- No foreign income, wealth, or inheritance tax on global wealth for citizens.
- Income Tax Rates: The first XCD 36,000 is tax-free, the next XCD 24,000 is taxed at 10%, and any additional income is taxed at 30%.
- Corporate Tax: 30%
- VAT: 15%
- Property Tax: Rates vary based on real estate classification.
- Visa-Free Access: Enjoy visa-free or visa-on-arrival travel to 155 countries, including the EU, UK, and China (unique to Caribbean nations).
- US Access through E-2 Visa Treaty: Citizens who invest substantially in a US-based business can apply for a US E-2 investor visa.
- Family-Friendly: Include your spouse, children up to age 30, unmarried and childless siblings, and parents as dependants.
- Citizenship by Descent: Citizenship can be passed on to future generations
