Dominica Citizenship by Investment Programby XIPHIAS IMMIGRATION migration executive
Dominica is one of the most beautiful islands in the Caribbean’s. The country has been on a growing economic curve for quite some time now. The country’s political stability is one of its strength. This country brought about Dominica’s Citizenship by Investment Program to help them increase their foreign direct investments in to the country to help them fund their internal projects. The country doesn’t accept direct applications. They accept applications only through immigration agents who are registered with Dominica. XIPHIAS Immigration, the top immigration consultants is one of the registered agents for Dominica.
XIPHIAS immigration has a team of expert international immigration agents, who are both knowledgeable and defiant in their approach to help clients reach Dominica with best solutions possible. Dominica is a country where cultural values are deeply rooted and the country takes pride in its past history. Dominica’s Citizenship by Investment Program provides a lot of benefits for the investor.
Dominica’s passport by investment lets the investor travel across the globe to more than 150 countries visa-free for travel, tourism or any other purpose possible. This includes USA, UK and countries that are part of the Schengen among others. Dominica’s investment program brings the investor full citizenship rights. The country provides tax regimes for their new citizens such that the investors have to pay no tax on the wealth they inherited, on their foreign income and their capital gains. It is not mandatory to live in Dominica, however, if the investor intends, they can do so. The family of the investors who too were part of the citizenship application gets to live and work in any part of Dominica. Dominica doesn’t need the investor to cancel their previous citizenship of the investor. All dependents up to the age of 30 can apply for the investment citizenship.
Dominica is considered “Nature Island of the Caribbean” which is a tropical paradise. Dominica is also house for world’s second largest hot spring. The country has hundreds of blissful waterfalls with many species of animals and birds flocking here.
The investor who intends to invest in Dominica will have to have an outstanding character with no criminal records. The investor will have to present a record to prove the same. The investor will have to have excellent health and a certificate to prove the same. The investor needs to have sound knowledge of English language. There are countries that provide Permanent Residency for its investors however, the Caribbean countries offers only citizenship programs.
The investor to qualify for the program will be making a donation into Economic diversification Fund of the Government or in any of the approved Real Estate of the country. If a single person is applying for the program, then the investor will have to make a contribution of USD $100,000 which is non-refundable into the Government Fund. If the applicant and spouse are applying, then they will have to make a joint contribution of USD $175,000. If 3 dependents under the age of 30 are applying along with the investor and spouse, then they will have to make a joint contribution of USD $200,000.
If the investor intends to invest in a Real Estate property that can fetch a return on Investment, then the applicant will have to make a contribution which is minimum of USD $200,000. Such a property should be pre-approved by the Dominican Government. The investor should maintain the investment for at least 3 years of time. However, if the investor maintains the property for 5 years, then the property qualifies to be used by any next investor too.
XIPHIAS Immigration has partnered with multiple real-estate houses across Dominica and thus can provide best solution for our clients to help them with the investment here. We are partners for most of the Caribbean Citizenship by Investment Programs. Things apart, XIPHIAS Immigration through its international law services team, represents its clients at the immigration field as would be required. We ensure to complete the process of immigration for every client of ours. It takes 4 months for the investors to obtain their Dual citizenship for Dominica and we walk with our clients at every step till the immigration is complete.
Created on Apr 18th 2020 04:31. Viewed 370 times.