The main reason for acquiring a second citizenship is mobility around the world, since they all live in several countries at the same time. They have second passports from different countries: one has a Canadian passport, a couple of people have European passports, and the vast majority have Caribbean passports.
Founder of Telegram, Pavel Durov, acquired the St. Kitts and Nevis passport in 2013. Its cost was $250,000 at the time. Out of all the passports of the Caribbean Basin, Dominica is considered the most liberal in terms of costing (As for the moment of issuing this article).
Citizenship of Dominica (not to be confused with the Dominican Republic)
The Citizenship by Investment program was introduced in 1993. The price starts from $100,000. There are different packages: for one person, for family; parents, brothers, and sisters can be registered. Term of obtaining a passport – from 2 to 5 months. Citizenship is inherited. In this case, you can never appear in the country and do not live there a single day, citizenship is processed remotely.
How does it work
People, who wish to acquire a second passport make a non-refundable contribution to the Dominica Economic Diversification Fund (EDF). The purpose of the fund is to develop the state’s economy. In return for the fact that the investor donates finances to the state fund, it grants him and his family a lifetime citizenship.
Programs of assigning subsidies from the Economic Diversification Fund (EDF)
Funds, received by the EDF goes to improve projects in the public and private sectors that need financial support. These include building schools, renovating hospitals and creating a national sports stadium, as well as many other activities in various sectors, such as tourism, information technology and agriculture.
Dominica is an island country of the Lesser Antilles in the eastern Caribbean Sea. It is located between the French islands of Guadeloupe and Marie-Galante to the north and Martinique to the south. The country has been a member of the Commonwealth since its independence in 1978.
Advantages of receiving the citizenship of Dominica
- Visa-free travel to more than 90 countries, including Great Britain, Singapore, Hong Kong and Ireland, Schengen area
- Minimal taxation – no tax on: gifts, inheritance, foreign income. No tax on capital gains.
- Citizenship status in Dominica.
- Dual citizenship is acceptable.
- Access to international banks.
- You can apply for B2 visa in the U.S. for 10 years.
- You do not have to be in Dominica before or after obtaining citizenship for a single day.
- The application process is confidential.
The process of receiving the citizenship of Dominica:
- Consultation with a representative company
- Collection of documents
- Signing the contract and verifying that there is no criminal record
- Submission of documents to the State
- Completion of criminal background check, completing application approval process
- Sending the investment directly to the state
- Passport issuance
Visa-free countries, available with the passport of Dominica
|Antigua & Barbuda Bahamas|
St. Kitts & Nevis St. Lucia
St. Vincent & The Grenadines Suriname Trinidad and Tobago
Mauritius Mozambique Seychelles
Somalia Swaziland Tanzania
Bosnia and Herzegovina Bulgaria
San Marino Slovakia
Sweden Switzerland Turkey Ukraine United Kingdom Vatican City
Palestinian Territories Philippines
South Korea Timor-Leste
Solomon Islands Tonga
|Passport is issued in: 1 year in the case of accelerated order 3 years in the standard mode. Minimum investment amount: 700,000€||Passport issued in: 6 months |
Minimum investment amount: 2,200,000€
The program is closed as of November 1, 2020.
|Passport issued in: 5 years Minimum investment amount: 500,000€||Passport issued in: 5 years |
Citizenship is issued after obtaining permanent residence permit
Minimum investment amount: 255,000€
|Passport issued in: 10 years No citizenship program for investment There is a program “Golden Visa” – investor residence permit Minimum investment amount: 500,000 €|