A relatively late entrant in the list of countries offering citizenship by investment programs, Dominica’s economic citizenship program has witnessed steady growth in demand among high and ultra-high net worth investors.
Anybody investing at least $100,000 in Dominica’s CIP can acquire citizenship, passport and accompanying privileges and benefits.
The program enables Dominica to leverage its popularity as a tourist destination and the power of its passport to attract more foreign direct investment into the country.
Further, many international luxury hospitality brands are showing interest in exploring the country’s eco-tourism potential and catering to the growing demand among wealthy investors for luxury properties.
What Are The Benefits of Dominican Citizenship?
For high net-worth individuals, the second passport offers them the right to live and invest in the country, visa-free access to more than 120 nations, tax benefits, plus a secure economic and political environment.
While there is no official data on the number of applications received under the program, analysis of the annual budget indicates steady growth.
The affordable price point is an important factor contributing to the program’s popularity. It is one of the least-expensive investment immigration programs in the world. Yet, there has been no compromise on the quality of due diligence and vetting process.
Investment Requirements for Dominica Citizenship by Investor Program
|Investor and spouse||US$175,000|
|Investor, spouse, and two children aged below 18 years||US$200,000|
|If Investor has more than two children aged below 18 years||US$50,000 per child from third child onwards|
The country is, independent of its CIP, a very popular tourist destination. So, the CIP becomes an added advantage for wealthy individuals contemplating a second home or a holiday home.
Unlike its Caribbean counterparts, there have been no security concerns or withdrawal of visa-free travel privileges by developed nations. This is primarily due to the stringent due diligence process.
Absence of security concerns surrounding the program enhances the appeal of its low price point as applicants can enjoy access to a truly powerful passport on very attractive investment terms.
Extensive Visa-Free Travel
Holders of the country’s passport enjoy visa-free travel to virtually all developed countries. For an ambitious international business person, the CIP offers greater international mobility and more business opportunities.
Further, the efficient administration of the program ensures the process of obtaining the second passport is a smooth and easy one for wealthy investors.
No requirements related to physical residence means applicants can continue with their existing life without disruption.
The government has sought to bolster demand by launching the Global Community initiative, where wealthy investors are invited to acquire a second passport through the CIP.
This initiative seeks to incorporate the investment immigration program as a holistic part of a global network for the applicant’s professional and personal development.General Information: Contact us to receive more information about this article.
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