CALL US 24/7 ON NUMBER +44 748 881 18 54
-
RU
-
ES
CALL US 24/7 ON NUMBER +44 748 881 18 54
The program is designed in a manner enabling to attract as many investors as possible. Local authorities are interested in the investments inflow and provide favorable conditions to the applicants, thanks to which it is considered one of the most accessible among all countries of the world. Among the advantages of the program:
In order to develop different sectors of the economy, the Government of the State has implemented in 1993 the Economic Citizenship Program. The main aspects are established in different laws and acts, including the Constitution.
The government directs the investments incoming under this program to finance the development of the low-tax sector as well as the construction of social facilities: schools, clinics, and stadiums. The funds received from investors are also invested in the tourism sector, in the development of agricultural sector, and in infrastructure projects.
Among the conditions that shall be met to get a second citizenship in Dominica:
Along with the applicant, the following persons are able to apply for a second citizenship in Dominica:
The child can be biological as well as adopted. Brothers and sisters of the main applicant or his/her spouse who are younger than 25 years old and are dependent on them may also be included in the application.
Local legislation foresees two schemes to register a passport in Dominica:
For foreign investors who are acting under the second scheme, the payment of a number of additional duties and fees, including for each additional family member, is foreseen.
It takes from three to six months. First of all, it is necessary for the applicant to collect a package of documents that includes:
The application submission shall be carried out through an authorized agent. The process itself requires the completion of a number of preparatory actions:
Directly within the procedure itself, the following stages shall be distinguished:
The process of reviewing the application and conducting all required verifications takes from 60 to 90 days. The advantage of this program is that there is no need to carry out personal interviews.
It is important to emphasize that the implementation of the investment option by making a contribution to the government fund shall be carried out within 30 days after the approval of obtaining Dominica economic citizenship by local government agencies. Up to this point, the investment amount shall be deposited, from which, in case of refusal, the funds can be received back.
When implementing the real estate investment option, the applicant should deposit 10% of the investment amount and sign a purchase and sale agreement. After receiving approval from local government officials, the applicant will have 7 days to pay the entire expense of the property acquired.
Non-residents are allowed to make investments in the Tranquilitiy Beach Dominicia resort, which is located on the island’s coast close to the town of Salisberry. When the construction is fully completed, the resort will operate under the CURIO brand of the world-renowned Hilton network. The complex will significantly directly affect units, studio rooms, and villas. It also includes a wide range of first-rate amenities such as wellness and SPA centers, gyms, swimming pools, a restaurant complex, a private parking station, and an office.
Investing funds in Tranquilitiy Beach will enable the investor to submit an application and successfully complete the verification procedure subject to compliance with the formal requirements of the legislation. The resort is approved by the government.
To participate in the project, it is required to make investments in the following amounts:
Additionally, fees shall be paid for each family member included in the application for obtaining citizenship.