Dominica – The Nature Island
Dominica is a beautiful island in the Lesser Antilles region of the Caribbean Sea. It is located to the southeast of Guadeloupe and the northwest of Martinique. Dominica covers 290 square miles with the highest elevation point being Mount Morne Diablotins at 4,747 ft.
Dominica has a population of c. 72,000 with the vast majority of Dominicans being of African descent. There is also a small
European origin minority as well as a handful of Lebanese, Syrians and Asians. The country’s official language is English.
Dominica is a parliamentary democracy within the Commonwealth of Nations and, since 1979, a member of La Francophonie. The island’s currency, the East Caribbean Dollar, is pegged to the US Dollar (USD 1 : ECD 2.7).
Striving towards its ultimate goal of national development, the Government of Dominica established the Economic Citizenship Program in 1993. The program has a long and reputable history. Those meeting the requirements of the program are rewarded with full citizenship, including a passport and the right to permanently reside and work in the country. One of the ways to obtain citizenship is by making an investment of US$ 220,000 plus associated government fees into a government approved real estate project.
Dominica Citizenship – Investor Benefits
Step 1 – Reservation Form
The investor signs a reservation form and submits a deposit of 10% against the investment to secure their interest in the investment.
Step 2 – Application Forms & Document Submission
The investor collates the required documents (contact us for more information) and completes the required application forms with the assistance of their service provider. Processing fees and due diligence fees must be paid along with the application directly to the service provider. The investor will execute the Sale & Purchase Agreement at this stage.
Step 3 – Application Processing & Payment
Application processing takes approximately 90-120 days from filing an application. Within 7 days upon approval of the application, the investor will pay the remaining balance and applicable government fees and share registration fees upon which an Ownership Certificate will be issued to the investor.
Step 4 – Closing and Transfer
Proof of ownership will be submitted to the government and the Citizenship Unit will issue the Certificate(s) of Citizenship and subsequently Passport(s). This usually takes 3-4 weeks.