An Overview of Dominica citizenship by Investment programby XIPHIAS IMMIGRATION migration executive
Dominica's landscape is covered with mountains. This island country has many natural hot springs and tropical rainforests. There are many steam-covered boiling lakes. The island offers many incredible adventures. The country still has many indigenous people living there and the official language of the country is English. The beaches have black sand due to the extensive volcanoes. The country has as many as 365 exquisite rivers, surrounded by many exotic plants and flowers. The island’s most famous river is known as the Indian river and it is the widest on the island. The island is also famous for its herbal natural medicines. The island is surrounded by water that is so clear that one gets a clear view of the whales there. Dominica grants Dominica Citizenship for all those who intend to invest in the country.
The island is 750 square kilometers long. It also has UNESCO world heritage sites. The population of this island is close to 73,000 as per census. Its current currency is East Caribbean dollar and is tied to US Dollar. It is believed Columbus landed on this amazing island on a Sunday. In Latin, Sunday is called “Dominica”, hence the country got the name Dominica. Dominica Citizenship by Investment program is one of the most famous investment immigration programs in the world. It is a simple straight forward immigration pathway.
This program does not require the investor to prove their language skills nor does it require any business experience. The program does not require the investor to live in the country or even visit the country after having obtained its citizenship. The whole of the process could take less than 6 months to complete and the investor will receive his citizenship along with his passport to the country. With the Dominica Second passport, the investor gets to travel to more than 113 countries visa free which includes UK and the European Union area.
Dominica allows dual citizenship permission and maintains confidentiality unless circumstances require divulging. The investor need not pay any kind of personal or worldwide income tax to the country.
In order to obtain economic citizenship of Commonwealth of Dominica, one needs to make investments. This program has been in vogue since 1993. It has garnered good amount of wealth for the country to invest in their development projects. It’s a well-regulated and planned investment immigration program. This Dominica CBI program if planned well can also bring in the required returns for the investor.
The below are the investment options for the program-
1. Contribution to the Commonwealth of Dominica- The amount of investment for this pathway is USD $100,000. The investor will not get the amount back. This amount will be a direct contribution to the national funds of Dominica which will be used by the government for the development of schools, hospitals or for developing any economic sectors within the country. This could be for agricultural sector or tourism sectors or for IT development in the country.
2. Investment in Real estate – Dominica allows foreign direct investment into selected real estate of the country. The investor will have to make a minimum of USD $ 200,000 in the real estate of the country. The investor will have to maintain this investment for a period of 5 years and he can then dispose it off, if he intends to do so.
The investor’s immediate dependent family can accompany the investor in the application to obtain Dominica citizenship, for little extra fees. The children of the investor who are below the age of 30 years are eligible to apply for the same and parents who are above 55 years can accompany too.
The Dominica passport benefits are many allowing the investor to travel across Caribbean islands, European Union and UK without a visa. This could be helpful in many ways including expansion of business. However, Dominica does not accept direct applications. The investor will need to work with registered immigrant investor visa consultant to ensure the process happens without any hindrance.
For more details visit: https://www.xiphiasimmigration.com
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Created on Jan 23rd 2021 05:13. Viewed 320 times.