Citizenship by Investment
Citizenship-by-Investment programs have become a viable option for successful entrepreneurs and high-net-worth individuals to easily and legally obtain a new citizenship for themselves and their families, without going through the usual lengthy application and vetting process. A second citizenship is worth considering, not only for your and your family’s increased travel freedom, but also in order to further secure your investments and financial freedom.
Navigating Worldwide Restrictions
In recent years, more and more restrictions and increased global monitoring has made investors and entrepreneurs cautious and more prudent about their financial endeavors, especially since many countries impose high taxes on earned income and gained profits, be it corporate or personal finances. Citizenship-by-Investment has proved itself as an effective tool for investment security and asset protection, since the second citizenship comes packaged with all the benefits of the new country of residence, the most attractive of these benefits being the low degree of monitoring and decreased or total absence of taxation.
Numerous countries have developed their own programs that make the acquisition of citizenship possible, in return for a direct contribution to the country, as an effective tool of economic development of the country.
The Citizenship-by-Investment program offered by the peaceful and stable Commonwealth country Dominica is one of the oldest and most trusted programs of its kind, allowing you to live and travel freely without being subjected to the increased monitoring and restrictions.
International travel instantly becomes easier for Dominican passport holders, being able to travel visa-free to 139 countries, including the European Schengen Area, the United Kingdom, Hong Kong, Singapore, Brazil and many tropical islands, to name just a few.
In addition to this, the government of Dominica has implemented a series of investor-friendly measures, including tax-free International Business Companies, tax and import duty waivers and other fiscal concessions, with the express purpose to attract more international business to the island paradise.
The Dominican government offers two options for obtaining Dominican citizenship:
1. Government Contribution
With this option, the applicant will pay a one-time contribution to the government (plus processing fees). After going through the due diligence process and meeting the requirements, the applicant is granted citizenship in Dominica and a new passport.
2. Real Estate Purchase
The second option is purchasing government-approved real estate or making a government-approved investment and pay a reduced government contribution (plus processing fees). After going through the same due diligence process as with the first option and meeting the necessary requirements, the applicant will become a Dominican citizen and receive the Dominican passport. While this option is certainly costlier, the applicant will afterwards have ownership of the purchased real estate or gain a return on the investment they made.
The application process usually takes around 3-4 months and does not require the applicant’s personal presence in Dominica.
As a citizen, one can now take up residence and work in Dominica and any other country of the Caribbean Community (CARICOM) at any time. Your income generated outside of Dominica will not be subject to taxation, unless you decide to reside in Dominica. Citizenship is granted to the applicant and their family for life, and can be passed down to future generations.
Benefits of Dominican citizenship:
- Visa-free travel to 139 countries (as of January 2020), including free travel to the Schengen Area
- Dual citizenship allowed
- Democratic, neutral and conflict-free country in the Caribbean
- Stable investor climate
- Independent and efficiently run judiciary system
- No foreign exchange control
- No income tax applied for non-residents
- No inheritance, wealth, gift, foreign income or capital gains and estate tax
- No restriction on repatriation of profits
- No requirement to reside in Dominica before or after citizenship is granted
- Easy access to the Caribbean countries (CARICOM)
- Full residence status, granting the right to live and work in Dominica
- Confidential application process
- Beautiful environment
Successful applicants will benefit from visa-free travel to the countries below:
Visa on arrival