Published: October 2nd, 2017, 01:14 pm | Updated: December 19th, 2024, 02:43 pm
|||Nicknamed “the nature island of the Caribbean”, the tiny nation of Dominica offers mountains, waterfalls, hot springs, black and white sandy beaches and one of the most reputable citizenship by investment programs in the entire world.
Originally inhabited by indigenous Kalinago, Dominica was later colonized by Europeans—namely the French—in the 1690s. Following the Seven Years’ War, Great Britain gained control of the island and governed until 1978 when Dominica officially gained independence. Today, Dominica remains part of the British Commonwealth.
With independence came a separate constitution, but unlike other former British colonies in the region, Dominica was never a Commonwealth realm—instead it became a full republic once it gained independence.
The citizenship by investment program was established in 1993, and is mandated by the law. Full details can be viewed in Section 101 of the Dominica Constitution and Section 8 and Amendment 20(1) of the Citizenship Act. The have been several amendments made, the most recent being in 2016.
The Dominica Citizenship by Investment Unit (CBIU)—a recently established Government authority within the Ministry of Finance—is responsible for regulating the program and ensuring qualified applicants are accepted.
Qualified applicants can choose from two options:
1. A US$100,000 contribution to the Government Fund
2. An investment in designated Real Estate with a value of at least US$200,000
In terms of who can apply, applicants must be at least 18 years of age, of good character, without criminal records, and have the means to make the required contribution.
Once citizenship has been granted, applicants have all the same rights as any Dominican citizen, including the right to live and work in Dominica. Holders of a Dominican passport can travel visa-free to over 95 countries, including the UK and countries in the Schengen area.
For full program details, visit the Commonwealth of Dominica Citizenship by Investment government page or contact us for a free consultation.
