The Dominica Citizenship by Investment Program was created as a stimulus for domestic economic growth in 1993 and has established itself as a very reliable and thoroughly vetted alternative citizenship option in the offshore community.
In 2015, the Dominican citizenship program became an industry leader after its passport was granted visa-free status to the European Union (EU), making it the world’s most economical option for visa-free travel to Europe.
As an overview, the Commonwealth of Dominica became one of the Caribbean’s few republics upon its 1978 independence from the United Kingdom.
This volcanically active island located in the Lesser Antilles is known as the “Nature Isle of the Caribbean” and is largely covered by thick rainforest.
Averaging only 50,000 visitors a year, tourism is still in its infancy in Dominica, where the principal economic generator continues to be in the agricultural sector.
The island has one of the lowest gross domestic products in the Caribbean and is less than 300 square miles (750 km2) in size, with the majority of the English-speaking population (72,660) living around two population centers, Roseau and Portsmouth.
Dominica is a full and participating member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS).
A Dominica passport allows visa-free travel to more than 100+ countries, including the United Kingdom, European Union (as of 2015, and other CARICOM nations.
Dominica imposes no residency requirements to obtain, nor maintain, citizenship and there are no taxes imposed on citizens who do not reside in Dominica. However, those who do reside in Dominica are subject to taxes on worldwide income.
The first step towards Dominica citizenship is commencing a background due diligence check. This service is performed by a government authorized third party agency.
After an initial review, TDV’s government-licensed broker on the island will determine the fee to be charged based on the age and number of countries in which the applicants have lived. Once the background check has been successfully completed, TDV’s staff and agents on the ground will assist with properly initiating and carrying out the Dominica citizenship application process in its entirety.
For families looking for second citizenship, the investor-applicant contributes $175,000 to over $300,000, depending on the number of family members, to the Dominica government, subsequently qualifying the family along with the main applicant.
In the case that the investor is the sole applicant, the investor would be required to make an investment of $100,000.
In the case that the applicant is not accepted, the contribution is not required. However, TDV’s agents in Dominica have a nearly flawless record with applicant approvals who have completed a successful background check at the beginning of the program.
And with prices for Dominica citizenship starting at just $135,000, TDV Global offers the most economical option for visa-free travel to the European Union (EU) anywhere in the offshore industry!
|A) Single applicant
||A non-refundable contribution of US$100,000.
|B) Family application + 1 (applicant plus spouse)
||A non-refundable contribution of US$175,000.
|C) Family application + 2 (applicant plus one spouse and two children below the age of 18 years)
||A non-refundable contribution of US$200,000.
|D) Family application + 3 (applicant plus one spouse and three children below the age of 18 years)
||A non-refundable investment of US$250,000.00 and US$50,000.00 for every additional person below the age of 18.
Applicable Fees, as of September 1, 2015:
• Due diligence fee for main applicant US$7,500
• Due diligence fee for spouse US$7,500
• Due diligence fee for dependent above the age of 16 US$4,000
• Due diligence for dependent between the age of 12 and 16 US$2,000
• Processing fee US$3,000
• Fee for Certificate of Naturalisation, including stamp fees US$750.00
• Cost of expedited process for passport US$1,200
Step 1: TDV Global commences due diligence process upon payment of relevant fees and receipt of signed consent for background checks to be carried out by a specialized independent agency.
Cost of due diligence is based on the number of family members, ages, number of countries they have resided and in which the main applicant has or has had business operations.
Step 2: TDV Global prepares government application forms and supporting documentation for submission.
Step 3: Application is submitted and the government of Dominica advises TDV as to whether the application was approved in principle or denied.
Step 4: Upon government approval in principle, the client is requested to pay the required contribution to the Ministry of Finance and Planning at the National Bank of Dominica.
Step 5: While citizenship interviews are no longer required for most applicants, if the Dominica government requests an interview TDV will arrange the meeting with the appointed committee either on Dominica, or if the client is unable to travel, will arrange to have the committee meet the client in New York, London, or Dubai, etc., at the client’s expense.
Step 6: The signed, notarized Oath of Allegiance will then be submitted to the Ministry of Foreign Affairs, Immigration and Labour to complete the submission process.
Step 7: Upon approval by the Minister of Dominica, the client is issued a Certificate of Naturalization and the client’s passport will be issued within one week.
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