The Citizenship by Investment Program of the Commonwealth of Dominica
The highly reputable Citizenship by Investment Programme in Dominica invites prudent investors to make an economic contribution to Dominica and in exchange, the applicant and their family are eligible to obtain full citizenship of the country, within the strict guidelines of the law.
The Citizenship by Investment Programme allows foreign investors to obtain full legal citizenship and passports for an investor and their family where that investor has made a significant investment in Dominica which qualifies under the Citizenship by Investment Regulations. Previously, citizenship of the Commonwealth of Dominica could only be granted to the persons who had been continuously resident there for five (5) years.
In 1991, the Program of Economic Citizenship was introduced whereby the residency requirement was waived. Applicant and their family obtain an irrevocable citizenship for life with no need to reside in the country and most importantly no need to give up their current nationality. This amendment to the Naturalization and Citizenship Act meant that subject to a stipulated investment, persons could be granted a Dominica citizenship.
The recent evolution is that the European Union abolished the visa requirement for Dominica nationals. Visa-free travel is for the citizens of the European Union and for the citizens of Dominica when travelling to the territory of the other Contracting Party for a maximum period of 90 days in any 180-day period. The visa waiver covers all categories of persons (ordinary, diplomatic, service/official and special passport holders) travelling for all kinds of purposes, except for the purpose of carrying out a paid activity. For this latter category, each Member State and also Dominica remains free to impose the visa requirement on the citizens of the other Party in accordance with the applicable Union or national law.
Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution to the Government Fund of a minimum amount of USD $100,000 or an investment in designated Real Estate property with a value of at least USD $200,000.
The Ministry of Finance is responsible for processing all applications through the Dominica Financial Services Unit (FSU).
Government views the economic citizenship programme as one component of its national capital mobilization portfolio towards its ultimate goal of national development and as such intends to channel capital from the economic citizenship programme towards public and private sector projects where a need is identified. Public sector projects identified for financing under the programme include (1) building of schools, (2) renovation of the hospital, (3) building of a national Sports stadium and (4) towards the promotion of the Offshore Sector. With respect to private sector projects, government emphasis is on the tourism, information technology and agricultural sectors and therefore public sector projects to be financed under the programme will fall within one of these sectors.