Dominica is a beautiful island country in the Caribbean Sea. With a tiny population of just about 73000 people, it is one of the most safe and practically private sites with no traffic or crowd harassing your visit. I mean, just imagine a place with least people bothering you, honeymooners you take note! Also known as the nature isle, it’s essentially an un-spoilt virgin beauty waiting for attention.
Dominican Passport is a Caricom Passport, wherein Caricom stands for Caribbean Community. It’s a legal identification document of the citizens of the Commonwealth of Dominica issued by the Ministry of Immigration. It’s not something that one can purchase online, so if anybody or any website claims otherwise, you have spotted a fraud!
Although the country is a hot hub for tourists, foreign investors should definitely grab the investment based economic citizenship plans the country offers. The Commonwealth of Dominica has already admitted thousands of foreign nationals who were willing to invest for the development and betterment of the country and embraced them and their families through a unique citizenship program.
Dominica Citizenship by Investment Program
Acquiringa Dominica Passport is relatively a less tiring and much less time consuming process. Unlike other countries, you don’t have to invest certain years as a permanent resident of Dominica to apply for citizenship! Instead, for investors, all it takes is the right bunch of papers and hardly 3 months to get approval for the citizenship. There is no compulsion to live as a permanent resident in Dominica even after acquiring the passport. Isn’t it so very convenient! Above the investor is not even required to renounce his/her previous citizenship as Dominica recognizes ones right to Dual Citizenship and thus, one can have 2 valid passports, now beat that!
The Fee and Costs
· Single Applicant: US$100,000
· Applicant and Spouse: US$ 175,000
· Applicant with Family (applicant, spouse and 2 children): US$ 200,000
· Additional Dependant of the Applicant: US$ 50,000 each additional dependant.
This fee is not including the following charges-
· Government Administration fee that is US$ 3,000 per investor.
· Due Diligence Fee US$ 7,500 for adults, US$ 4,000 for underage dependants.
· Naturalization Fee of US$ 750 per applicant + other minor charges.
Reasons to Rejoice!
Passport holders not only have it for the purpose of identity, but as a free ticket to go visa free to as many as 100+ countries in the EU and Schengen region including United Kingdom, Korea, Ireland, Singapore other Caribbean countries and many more. Not just this, the investor immigrants also get the benefits of tax relaxation on their income, and many such amazing advantages.