Dominica Citizenship By Investment

The Commonwealth of Dominica has been offering its citizenship by investment programme since 1993, making it one of the oldest citizenship programmes around. The island is located 1400 miles south of the coast of Miami and is famous for hosting over 365 rivers flowing through its unique rainforests and mountainous terrain.

Investors may qualify for citizenship through a donation to the government fund or investment in real estate. The CBIU is the government authority overlooking the day to day operations of the citizenship programme and is regulated under the guidelines of the Commonwealth of Dominica Citizenship by Investment Act.

Benefits

Fast application processing time of 3 months.
No residency requirements.
Visa free travel to over 130 countries including UK, Schengen region, Singapore and Hong Kong.
No interview requirements.
No language requirements.
The ability to work and reside in the Commonwealth of Dominica.
Limited taxation: no wealth, gift, foreign income or capital gains tax.
Completely private application process.

Facts

Lowest Crime Rates in the Caribbean.
Home to a range of wildlife and activities.
Dominica has the world’s second largest boiling lake.
3 international banks operate branches in Dominica: Royal Bank of Canada, Bank of Nova Scotia and First Caribbean International.
International and regional insurance companies such as American Life and Lloyds of London provide insurance services in Dominica.
Dominica land of 365 rivers: unlimited water supply.
The capital of Dominica is Roseau.
English is the official language on the island.
It is a small sovereign state home to over 65,000 people.
Dominica is a member of the Commonwealth.
The country has previously been a French and British colony.
Majority of the island is covered in rainforest and hosts a mountainous terrain.

Economy

The economy of Dominica is largely agriculturally based. The island specialises in the production of tropical fruits, seafood and other various manufactured products. Dominica also produces a wide range of soaps and natural oils. Tourism is also becoming a major contributor to the Commonwealth of Dominica’s GDP. The official currency on the island is the Eastern Caribbean dollar, which is pegged to the US dollar.

Investment options

An applicant must invest in one of the two options below in order to apply for citizenship:

Donation in a government fund
Investment in real estate

Donation in a Government Fund

Single Applicant

Required Contribution: $100,000
Processing Fee: $1,000
Due Diligence: $7,500

Applicant and Spouse

Required Contribution: $150,000
Processing Fee: $1,000
Due Diligence: $11,500

Family (2 Adults & 2 Children)

Required Contribution: $175,000
Processing Fee: $1,000
Due Diligence: $11,500

* Fees are subject to change

Investment in Real Estate

Single Applicant

Required Investment: $200,000
Government Processing Fee: $1,000
Government Due Diligence: $7,500
Government Fee: $25,000

Applicant and Spouse

Required Investment: $200,000
Government Processing Fee: $1,000
Government Due Diligence: $11,500
Government Fee: $35,000

Family (2 Adults & 2 Children)

Required Contribution: $200,000
Government Processing Fee: $1,000
Government Due Diligence: $11,500
Government Fee: $35,000

* Fees are subject to change

Process

Initial Stage

An initial internal due diligence check will need to be carried out on each applicant to assess their suitability for the Dominica citizenship programme.

Client On Boarding Stage

AIM Capital Partners will require clients to scan all documents to their client relationship manager in order to ensure the documents have been prepared in the correct manner. Guidance will be provided to the applicant throughout the process.
Thereafter, the team will prepare your application and submit it to the citizenship unit.

Submission Stage

AIM Capital Partner will submit the citizenship application once the file is ready for submission.
Within 1-2 weeks, the company should receive the submission acknowledgement letter from the unit.

Due Diligence Process

The citizenship unit will meet to assess the due diligence results and citizenship application.
Thereafter, the citizenship unit will inform AIM Capital Partners whether the application has been approved or disapproved. If the application is successful, the application will be approved in principal.

Approval or Rejection Stage

The citizenship unit will meet to assess the due diligence results and review the citizenship application.
Thereafter, the unit will inform AIM Capital Partners whether the application has been approved or disapproved.
If the application is successful, the application will be approved in principal.

Approval in Principal

The citizenship unit will issue the certificates of citizenship and thereafter an application will be submitted for the passports.

General Requirements

Main applicant should be at least 18 years old.
Applicants should have no previous criminal record and must be of good character.
Applicants should be in good health.
Main applicant is also required to make the full investment in order to apply.
Applicant should not have been rejected a visa from a country, which has a visa free travel agreement with Dominica. All visa rejections must be disclosed.

Eligibility of Dependents

A spouse of the main applicant.
Children under the age of 18 of the main applicant or spouse.
Children between the age of 18-31 who are fully supported by the main applicant and in full time education.
An unmarried daughter of the main applicant who is under 25 and is living with and fully supported by the main applicant.
A child of the main applicant who is physically or mentally challenged. The dependent must be fully supported by the main applicant.
Parents or grandparents of the main applicant and spouse above the age of 65 living with and fully supported by the main applicant.