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 Jan 2023): 1 USD = 2.70006 XCD
Dominica offers a 10-year validity passport. The Dominican passport is the only biometric passport in the Caribbean. 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 | Donation / Contribution to Government Economic Diversification Fund – EDF OR Investment in Real Estate (5 year holding period) |
| Minimum Investment |
1. Government EDF Donation: Single Applicant: $100,000 Main Applicant & Spouse: $150,000 Family of 4: $175,000
Other Dependents: Under the age of 18: $25,000 18 years or older: $50,000
2. Real Estate Investment (5 year holding period) $220,000 Main Applicant: $25,000 Main Applicant up to 3 dependents: $35,000 Main Applicant up to 5 dependents: $50,000
Real Estate Government fees: For additional qualified dependents: $25,000 Adding spouse post citizenship: $75,000 Share registration fee @ 4% of investment amount
NOTE: Maximum age of children is 30 years with mandatory proof of enrollment in a recognized educational institution. There is an exception for waving dependency proof for unmarried daughters under 25 years. Maximum age for grandparents is above 65 years.
|
| 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 144 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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