Have you ever dreamed of becoming a citizen of one of the most beautiful countries in the Caribbean and diversifying your global freedom simultaneously? Are you looking for an affordable and hassle-free way to obtain the citizenship of a foreign country? If yes, then we have great news for you: you can get the best citizenship by investment program just 3 hours away from Miami, USA.
Dominica is an independent country in the Caribbean Sea. It is only a short, direct flight from the United States. Dominica offers a citizenship by investment program (CIP) to foreign nationals who are interested in obtaining a second passport. And it is also considered to be the number-one citizenship by investment country in the world. The Dominica passport is one of the most sought-after passports in the world of CBI, and it can provide a range of benefits to its holders.
In this article, I will discuss the Dominica passport, its advantages, and how and why you should apply for Dominica citizenship by investment program. So, let's get started!
Overview of the Dominica Passport
The Dominica passport is one of the most sought-after passports in the world, and it provides its holders with a wide range of benefits. The Dominica passport is issued by the government of Dominica, and it is valid for 10 years.
The Dominica passport provides visa-free access to over 145 countries, including the United Kingdom, Schengen countries, Hong Kong, and China. The holders of the Dominica passport can also benefit from the visa-free travel and residency options in the Caribbean, which makes it an ideal choice for those who frequently travel within the region.
The Dominica passport also provides its holders with the right to reside, work, and study. It also provides tax benefits such as no tax on foreign-sourced income, no personal income tax, and no wealth tax
How to Get Dominica Citizenship
Dominica offers a citizenship by investment program to foreign nationals who are interested in obtaining a second passport. Dominica citizenship by investment is one of the fastest and most cost-effective ways to obtain an additional passport.
To apply for the Dominica citizenship by investment program, you must meet the following basic requirements:
- Be at least 18 years old
- Have a clean criminal record
- Have a good financial standing
- Have a valid passport.
The application process is quite simple and straightforward, and you can complete the entire process from application to passport within 3–6 months.
How Much Does It Cost to Obtain Dominica Citizenship by Investment?
The cost of obtaining the Dominica citizenship by investment depends on the type of investment you choose to make. The government of Dominica offers two main options for investors: a one-time, non-refundable donation to the government of Dominica of US $100,000 or an investment of US $220,000 in a government-approved real estate project.
The one-time, non-refundable donation is the most cost-effective option, and it is the preferred choice for most investors based on our experience.
Investment in a government-approved real estate project is another option for investors, and it requires a minimum investment of US $220,000. The investors must hold the investment for a minimum of 5 years, and then it can be sold.
Processing Time for Dominica Citizenship
The processing time for the Dominica citizenship by investment program is usually around 3 to 6 months. The processing time may be longer or shorter depending on the type of investment you choose to make and the number of applications in the processing queue.
The Dominica citizenship by investment program is a fast and cost-effective way to obtain the Dominica passport, and it is the perfect option for those who want to obtain a second passport within a short period of time.
The Process of Obtaining Dominica Citizenship by Investment
The high-level process of obtaining Dominican citizenship by investment is quite simple and straightforward as long as it is done with experts, and it can be completed within a few weeks. The process with Golden Harbors involves the following steps:
- Online application form
- Submit the required documents
- Pay the required fees
- Undergo a due diligence check
- Receive and approval in principal from Dominica CBU
- Transfer the donation to the government's Sustainable Growth Fund (SGF)
- Receive your Dominica citizenship and apply for passport
Once you have completed the process, you will receive a certificate of your Dominica citizenship and a Dominica passport. The Dominica passport is valid for 10 years, and it can be renewed every 10 years.
Dominica has one of the best and most cost-effective citizenship by investment programs in the world. It is for sure the No. 1 program in the Caribbean region. Dominica's passport, among other benefits, provides visa-free access to 145 countries, including China.
I hope this article has helped you gain a better understanding of the Dominica citizenship by investment program and the benefits it provides. If you have any questions, please feel free to contact me or our team. We will be more than happy to help.