{"id":7334,"date":"2016-07-15T17:47:47","date_gmt":"2016-07-15T17:47:47","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=7334"},"modified":"2019-02-12T13:49:34","modified_gmt":"2019-02-12T18:49:34","slug":"cheap-dominican-citizenship-program-get-expensive","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/cheap-dominican-citizenship-program-get-expensive\/","title":{"rendered":"Cheap Dominican Citizenship Program About to Get More Expensive (Audio)"},"content":{"rendered":"

The\u00a0cheapest citizenship-by-investment program<\/a>\u00a0in the world is about to get a whole lot more expensive.<\/p>\n

Currently a Dominican passport can be obtained for $100,000 plus processing fees, coming with visa-free access to the European Union\u2019s Schengen area, plus the UK.<\/p>\n

\"Cheap<\/p>\n

But the Caribbean island\u2019s government is planning to hike the fee from August, although it has not said how much the new program will cost.<\/p>\n

\n

Dominica CIP Investment Requirement<\/h3>\n\n\n\n\n\n\n
Single Investor<\/td>\nUS$100,000<\/strong><\/td>\n<\/tr>\n
Investor and spouse<\/td>\nUS$175,000<\/strong><\/td>\n<\/tr>\n
Investor, spouse, and two children aged below 18 years<\/td>\nUS$200,000<\/strong><\/td>\n<\/tr>\n
If Investor has more than two children aged below 18 years<\/td>\nUS$50,000<\/strong>\u00a0per child from third child onwards<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Potential candidates are being urged to get their applications in as soon as possible to avoid paying what could be a hugely inflated price.<\/p>\n

The cheap investment threshold of the Dominica program has made it one of the more popular in the Caribbean, with Antigua & Barbuda, St Kitts & Nevis and St Lucia among the competitors.<\/p>\n

There is no requirement to reside in the nation and the processing time is approximately three months.<\/p>\n

Key customers include the wealthy Chinese, and also Middle Eastern nationals from Lebanon, Syria, Iraqi and Egypt.<\/p>\n

Highly Regarded<\/h3>\n

The program has been running since 1991, with thousands of families given passports in the 25-year history.<\/p>\n

Prime Minister Roosevelt Skerrit was\u00a0forced to defend the program<\/a>\u00a0last year, saying his government would never compromise the integrity of the Dominican passport.<\/p>\n

He pointed out that the program was highly regarded among the governments of the UK, USA and Canada.<\/p>\n

Skerrit, who has been prime minister since 2004, says the program is an\u00a0important tool for economic activity, growth and job creation<\/a>.<\/p>\n

Further reading<\/b><\/p>\n