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Dominica citizenship

Dominica

Dominica citizenship

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 May 2018): US$ 1.00 = 2.70 EC$ / XCD

A mountainous, forested island with a year-round tropical climate, national parks, rare homegrown birds and one of the largest boiling lakes in the world, Dominica is on its way to becoming a great tourist attraction in the future. 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.

 

Type of Program Dominica Citizenship by investment.
Type of Investment/s Contribution (non-refundable) to Government National Development Fund (NDF)
OR
Investment in Real Estate (5 year holding period)
Minimum Investment  Real Estate:
USD 220,000

Plus Government Fees:
Main Applicant USD 25,000
Main Applicant and Spouse USD 35,000
A family of up to 4 people USD 35,000
A family of up to 6 people USD 50,000
A family of at least 7 people or more USD 70,000
Share Registration Fee USD 8,800

Government National Development Fund (NDF):
Single Applicant: USD 100,000
Main Applicant and Spouse USD 175,000
Family or 4 with 2 Children Below 18: USD 200,000
Each additional dependent USD 25,000

Dual Nationality Permitted Yes.
Personal Visit Required No.
Minimum Stay No.
Capital Gains Taxes No.
Personal Income Taxes None if not resident.
Business & Corporate Taxes 0 for International companies, 28% for domestic companies.
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 months
Restricted Countries There are presently no restricted countries.
Visa Free Travel

Being a Dominican citizen grants access to over 130 countries (including visa on arrival). It is advisable to check with the relevant government authorities and agencies prior to travelling.

The Dominican passport is valid for 10 years and 5 years for children under 16 years old


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