Have you ever dreamed of becoming a citizen of a beautiful tropical island in the Caribbean Sea? The Island nation of Dominica offers one of the cheapest and easiest ways to accomplish this dream.
The Dominica Program offers a second passport and citizenship by investment for eligible individuals looking to internationalize. Dominica offers many advantages as the program offers individuals a passport with a global appeal and residency possibilities with great potential all at a reasonable price.
To be eligible for the Citizenship by Investment Program an individual must make a contribution to the Economic Diversification Fund (EDF) of USD 100,000 or invest in a local real estate property valued over USD 200,000.
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There are many reasons why the Dominica Citizenship by Investment program stands out as one of the best on the market. It has a long and successful history as the second oldest Economic Citizenship program after St. Kitts & Nevis.
Dominica is renowned for its natural beauty, as well as offering one of the highest standards of living in the Caribbean. Its citizenship by investment program is one of the cheapest and fastest available.
Let’s have a look at some of its many benefits, as well as a few possible downsides.
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The Dominica CBI program has a lot going for it, but here are a few potential drawbacks to be aware of:
Dominica offers only two ways to qualify for citizenship by investment. This entails either a straight donation (the simplest route), or through an approved real estate investment.
The donation route is incredibly simple. It involves a non-refundable donation to the Economic Development Fund (EDF), after which your citizenship will be granted very quickly. To qualify for citizenship under the EDF option, the following contributions are required:
Citizenship possibilities are also offered in Dominica under the real estate option. An individual must purchase real estate of more than USD 200,000, together with the relevant government fees including:
The real estate investment takes longer to process and is a bit more complicated. The advantage is that you can sell the property after three years to recoup initial investment. However, bear in mind that there is a good chance of selling at a loss, and the initial fees are also quite high and non-refundable. For this reason, the donation route generally remains the most popular.
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In addition to the capital investment required under the EDF option, the following fees are also payable:
Please Note: Individuals who apply must pay the total amount specified by the program within 30 days of receiving an Approval. If an application is rejected or withdrawn, the candidate will be refunded minus fee. 4-6 month process.
Please note: Offshore Protection does not offer work visas services nor services related citizenship through ancestry. We only offer citizenship by investment and golden visa services. Read more for info on EU work visas and EU ancestry visas.
Citizenship By Investment & Golden Visa Programs
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*Note for U.S. citizens: US citizens are limited in their tax reduction possibilities due to FATCA and CFC laws. Opening an offshore company can increase privacy and asset protection, but you can not eliminate your taxes without giving up your citizenship. If you are a US citizen you are obligated to pay taxes on all worldwide income. Read more here about FATCA and CFC laws.
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