COUNTRY PROFILE
• Capital: Roseau
• Population: 73,000
• Area: 751 sq km (290 sq miles)
• Major language: English (official), French patois
• Major religion: Christianity
• Life expectancy: 74 (men) 78 (women)
• Currency: East Caribbean dollar (EC$ or XCD)
• Exchange Rate (as of Nov 2023): 1 USD = 2.70 XCD
The Dominica Citizenship by Investment Program of the Commonwealth of Dominica has been operating since 1993 and is legally entrenched in the Dominican Constitution and the Dominica Citizenship Act. The country first introduced its Dominica Economic Citizenship Program in 1993, legally offering HNWI and families a lucrative second citizenship and passport. The island nation enjoys an excellent international reputation, and provides visa-free travel to the European Union, Schengen Zone, China, Russia, and Singapore, amongst many other countries.
The program offers many benefits, including the ability to live, and work in Dominica, and pass citizenship down to future generations. The passport validity is 10 years and is an e-passport with biometric data. Dominican passport is a strong one, allowing for a solid back-up plan for families, and a quick travel solution for business professionals.
| Type of Program | Citizenship by Investment. |
| Type of Investments | 1. Economic Diversification Fund (EDF) 2. Real Estate Investment |
| Minimum Investment |
1. Economic Diversification Fund (EDF): Single Applicant: $100,000 Main Applicant & Spouse: $150,000 Family of 4: $175,000 Additional Dependents: Under the age of 18: $25,000 18 years or older: $50,000
2. Real Estate Investment (5 year holding period) USD 200,000 to be held for 5 years Real Estate Government Fees: Main Applicant: $25,000 Main Applicant up to 3 dependents: $35,000 Main Applicant up to 5 dependents: $50,000 For additional qualifying dependents: $25,000 Notes: a) Maximum age of children is 30 years with mandatory proof of enrolment in a recognized educational institution. No proof required for unmarried daughters under 25 years of age. Maximum age for parents is 65 years. Siblings not eligible. |
| Dual Nationality Permitted | Yes |
| Personal Visit Required | No |
| Minimum Stay | No |
| Capital Gains Tax | 0% |
| Personal Income Tax (Non-residents) | 0% |
| Corporate Tax Rate | 28% |
| Property Taxes | Stamp duties are payable by the buyer on real estate transactions, and are taxed on the assessed market value of the property at the following rates 2.5-4%. |
| Processing Time | 3-5 months |
| Restricted Countries | North Korea, Sudan, Russia, and Belarus. |
| Visa Free Travel |
144 countries |
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