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0:00 – Introduction
In this video, we will introduce the Commonwealth of Dominica program for obtaining citizenship through investment. This is known as citizenship by investment program or economic citizenship.
We will guide you through the main requirements, costs, steps and benefits of obtaining a second passport.
At the end of this video, we will also answer the most frequently asked questions about this program.
0:28 – About the Commonwealth of Dominica Citizenship by Investment Program
Introduced in 1993 by the Government, the Commonwealth of Dominica citizenship by investment program is one of the longest-running programs in the world.
As an applicant, you must be at least 18 years of age, of good health and without a criminal record.
Additionally, you are required to make a non-refundable donation to the Economic Diversification Fund of Dominica or make an investment in government-approved real estate projects.
0:56 – Investment Options
To qualify for the Commonwealth of Dominica Citizenship by Investment program there are two investment options to choose from:
The first option is a minimum, non-refundable contribution of 100,000 USD to the Economic Diversification Fund.
The second option is a minimum investment of 200,000 USD in Government approved real estate projects. The property can be re-sold after a required holding period of 3 years.
In addition to the minimum investment, there are government processing fees and professional fees that apply to both options.
To get the updated and detailed cost, you can book a free consultation with one of our expert consultants by applying on our website.
1:42 – The Process of Obtaining A Dominica Citizenship
The process of obtaining the Commonwealth of Dominica Citizenship by Investment consists of 5 steps over a period of 4 to 6 months.
Step one, we will do an initial background check to make sure you are qualified to apply to the program. If you pass the qualification process, a down payment of our professional fees is required to start working on your application and move to the next step.
Step two, our team will assist you with the collection of all documents required by the government.
Step three, once the documents are collected, we will submit your application, and at the same time, you are required to pay the government fees. If you decided to invest in real estate, a reservation of your chosen property must be made at this time.
Step four, once the government has approved your application, you are invited to pay the non-refundable contribution or finalize your property purchase.
Step five, your citizenship certificate and passport are issued by the government. At this time, the balance of our professional fees will be settled, and your new citizenship documents will be delivered to you.
2:48 – The Benefits of Dominica Citizenship
As a citizen of the Commonwealth of Dominica you are entitled to visa-free and visa-on-arrival travel to over 135 countries and territories including Russia, Hong Kong, Singapore, The Schengen area, and the United Kingdom.
You will also be able to expand your business and career opportunities worldwide.
The Commonwealth of Dominica imposes minimal taxation, with an exception of no taxation on wealth, gift, inheritance, foreign income, or capital gains.
Additionally, the country allows multiple citizenships, so there is no need to renounce your current citizenship.
3:28 – Frequently Asked Questions
1. Can I include my family?
Yes, you can include qualified members of your family in the application or add them after you have obtained your citizenship for an additional fee. A qualified family member can be a child not older than 18 years, a child up to 30 years old that is currently enrolled in an educational institution, a spouse, and parents above the age of 55.
2. Are there any interviews, language tests, or work experience requirements?
The Commonwealth of Dominica Government does not require you to pass any interviews, language tests or have previous work experience to be able to apply for this program.
3. What if I get rejected?
Savory and Partners will assess your eligibility before submitting your application. Anything that might cause issues in the process will be explained to you before any action is taken. Once your file is submitted, the Government will conduct their own assessment. Please note that you do not pay the investment amount until your application is approved.
4. Can I apply for the program to the Government directly?
The Government does not accept direct applications. You can only apply through a Government Approved Agent like Savory and Partners.
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