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April 1, 2024
5 min

How to Get Dominica Golden Visa: Comprehensive Guide

Kenley Henderson

Investors may obtain Dominica Golden Visa under the state CBI program in 2—6 months. The minimum investment amount is $100,000, which is lower than in some other Caribbean countries.

If you’re interested in learning how to get a Dominica golden visa, this comprehensive guide will be invaluable. Obtaining citizenship through the Dominica Citizenship by Investment Program (CBI) is complex but highly rewarding.

We’ll delve into the inception and purpose of the CBI program, outlining eligibility criteria for potential applicants. We’ll also explore the benefits of a Dominican passport, such as visa-free travel and security benefits offered by this second citizenship option.

How to Get Dominica Golden Visa: Comprehensive Guide

How to Get Dominica Golden Visa: Comprehensive Guide

Understanding Dominica’s Citizenship by Investment Program

Launched in 1993, the Dominica citizenship program is a smart way to get a Caribbean passport. It’s like a VIP pass to visa-free travel to many countries.

The Dominican government introduced this economic citizenship program to stimulate growth within their economy. The funds generated from this scheme are primarily used for infrastructural developments like building schools, hospitals and promoting tourism — an integral part of the Caribbean community.

Eligibility criteria for potential applicants. To qualify for the Dominican entrepreneur visa, you must:

  • be over 18 years old;

  • have no criminal record;

  • have a high net worth,

  • prove that you have legally acquired your wealth.

A pre-application background check is conducted on all applicants, including checking police records from their country of origin or residence during the last ten years.

Family members can also apply under this scheme, including:

  • spouse;

  • dependent children up to age 30;

  • parents aged above 65.

In addition to fulfilling these requirements, obtaining citizenship through this route requires a commitment towards spending at least three months annually in Dominica over two years before applying for full-fledged citizen status.

It’s not just about investing money but also contributing positively towards society in terms of job creation and local employment, thus genuinely embodying the spirit of being a citizen of the world while enjoying the benefits of being a holder of a coveted Caribbean passport.

5 Benefits of Dominica’s Golden Visa

The Dominica Citizenship by Investment Program offers many benefits to those seeking second citizenship. Here are some of the advantages.

1. Travel with ease. A Dominican passport allows you to travel visa-free to over 153 countries worldwide. It includes many European nations and other Caribbean destinations. Dual citizenship also provides added security during political unrest or economic instability in your home country.

2. Tax benefits. Investors may benefit from Dominica’s tax system. The country has no capital gains or inheritance tax. Rates of other taxes may seem advantageous in comparison with some other jurisdictions.

However, obtaining a Dominica passport doesn’t oblige an investor to pay taxes. It’s a must if one lives in Dominica, earns income or owns a property there.

3. Obtaining a US visa. Dominica citizens may apply for a 10-year B‑1/B‑2 Visitor US visa. With a visitor visa, you can stay in the USA for up to six months a year for tourism or business trips.

4. Safety. Second citizenship provides a safe haven in case of unforeseen circumstances in your home country.

5. Economic opportunities: As a citizen, you can invest in Dominica and the wider Caribbean region, potentially creating jobs and contributing to the local economy.

Successfully navigating the application process requires help from an authorised agent to guide you through the journey and avoid common pitfalls.

Obtaining citizenship is about investing money, committing to a new lifestyle, and integrating into society while respecting laws and traditions.

Two Ways to Invest for Dominica Citizenship

The Dominica CBI program offers two primary investment options for obtaining citizenship:

  1. A non-refundable contribution. You can donate to the Dominica Economic Diversification Fund $100,000. By increasing the amount of money available for the nation’s development initiatives and industries like tourism, building, green energy, and others, applicants' investments assist Dominica.

  2. Real estate investment. You can buy a share in a government-approved project for at least $200,000. You may sell an object after three years.

If there are more than four family members, the investment amount for a child under 18 is $25,000 and $50,000 for a person over 18.

In addition to the investment, applicants must pay fees for processing their applications, issuing a certificate of naturalisation, and granting a passport.

Real Estate Investments: Golden Opportunity in Dominica

Investing in real estate in Dominica is a wise decision for those looking to diversify their investments or gain access to visa-free travel to over 140 countries with the Dominican Golden Visa.

High-end tourism: a lucrative industry. Investing in Dominica’s high-end tourism sector can offer lucrative returns and contribute towards obtaining citizenship through the Dominica CBI program.

Luxury resorts and hotels have become increasingly popular among tourists visiting Dominica, boosting local employment and enhancing the island’s appeal as a top tourist destination.

Global mobility: a significant advantage. Acquiring Dominican citizenship comes with increased global mobility. With a Dominican passport, you gain visa-free access to over 140 countries worldwide, including European nations and other members of CARICOM.

This benefit saves you from tedious visa application processes when planning an overseas trip.

Visa-free access to Dominican passport holders:

  • European Union,

  • Singapore,

  • Hong Kong,

  • Brazil.

Passing down your citizenship status ensures future generations' rights to global mobility, securing their freedom and providing them with better opportunities abroad.

Example of Investment Property in Dominica

Dominica Golden Visa by real estate investment

Share in a resort on the coast of Dominica managed by Hilton, cost $220,000

Document Requirements for Qualifying as a Citizen Under the Scheme

The Dominica Citizenship by Investment Program is your ticket to Caribbean citizenship, but you must meet specific requirements and commitments to qualify.

Aside from spending time on the island, you need to submit various legal documents as part of your citizenship application process:

  • police records: you need to provide a clean criminal record from your current residence and any other places you’ve lived in over the last decade. The main applicant and all dependents aged 16 or above should submit these records;

  • evidence of source of funds: you need to show that your funds come from legal sources;

  • certificates showing good health: you need to undergo a medical examination to demonstrate that you’re healthy and don’t have any contagious severe diseases.

Depending on individual circumstances, there may be additional requirements, such as if you’ve been denied visa-free access by a country that offers the same privilege to holders of a Dominican passport. You can learn more about all the documents required under this scheme through official government resources online.

Getting a Dominica passport is about more than just meeting eligibility criteria. It’s also about understanding the responsibilities of becoming a citizen of a beautiful tropical paradise in the heart of the Eastern Caribbean Community.

A Dominica passport grants access to various advantages, including unrestricted movement worldwide and potential investments in property or other industries.

Step-by-Step Procedure for Obtaining Dominica Citizenship by Investment

1

2—4 weeks

Preparing documents

Immigration experts give the investor a list of required documents that must be gathered. When the package is ready, lawyers fill in the government forms.

2

2—6 months

Due Diligence

The Dominica authorities conduct Due Diligence. They check that the investor and their family over 16 comply with the program terms.

3

1 month

Fulfilment of investment options

The investment must be made only after the approval. The investor contributes or buys real estate.

4

4 weeks

Collecting passports

After the investment option is fulfilled, the Dominica authorities prepare passports and naturalisation certificates. They are issued within 4 weeks, and the investor can receive them by courier.

Dominica passports have a 10-year validity period for persons over 16 and a 5-year — for those under 16.

Dominica Passport Renewal

The applicant does not need to travel to Dominica to renew a passport. The process can be completed at the Dominica consulate in your native country. Two months before the passport’s expiration, the application must be submitted.

It is necessary to provide the following documents:

  • a completed application form;

  • a Dominica passport;

  • a birth certificate;

  • a certificate of naturalisation;

  • two photos sized;

  • a confirmation of the fee payment.

Adult passport renewal costs $160, while child renewal — $80.

Conclusion

Meet eligibility criteria and invest in government-approved businesses to qualify for this second citizenship option.

Real estate investments in the island’s high-end tourism sector can be lucrative.

Before making any decisions, research and understand the requirements and commitments involved.

Frequently Asked Questions

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