International business people looking for Caribbean investment opportunities should also consider investing in Dominica as the country is actively courting foreign investment through progressive policy reform, minimal taxation, and the creation of improved legislative and fiscal framework.Both of these CBIU approved real estate projects offer fractional ownership optimized specifically for citizenship by investment candidates. Until 1993 it was not possible to gain Dominican citizenship without residing in the country. Secondly, luxury home prices on the islandare primarily determined by international buyers, not domestic ones, which means that a global recession is a much bigger riskto the local housing market than a domestic one. Citizenship By Investment Unit (CBIU) 1st Floor, Financial Centre, Ministry of Finance, Kennedy Avenue Roseau, Commonwealth of Dominica. This means that if the country's investment criteria ever increase, more money will likelyenter the market regardless of macroeconomic trends, supporting price growth of approved real estate even in a bad market. Citizenship By Investment Unit (CBIU) 1st Floor, Financial Centre, Ministry of Finance, Kennedy Avenue Roseau, Commonwealth of Dominica.
This being said, in the current period of global financial uncertainty and volatility, smart investors can never rule anything out for certain.
Dependent siblings of the main applicant or spouse can also beincluded when applying for citizenship in Dominica provided they are younger than 25. The Dominican government changed that with the Economic Dominica Citizenship programme whereby the need for residency to gain citizenship was waived. In order to be considered eligible, the main applicant must be at least 18 years of age and must meet all the Dominica immigration requirements outlined below.Most people flying to Dominica from outside the Caribbean connect to the island through airport hubs in Martinique, Antigua, St. Maarten, Puerto Rico, Barbados, or Guadeloupe. The professional fees charged by the Authorized Agent vary in amount depending on the complexity of the file, with family applications typically costing more than single applications. For kids aged 12 to 15, a sworn affidavit by the parent confirming that the child does not have a criminal record is required. For this reason, even if a DominicanRepublic citizenship by investment scheme existed, it would not be nearly as attractive for international travelers.After Hurricane Maria devastated Dominica in September 2017, the country significantly reduced the government processing fees for the real estate purchase option. The minimum age for dependent parents or grandparents has also been reduced to 55 years of age.These contribution amounts are significantly lower than other citizenship by investment countries in the region with comparable passports. There are also Dominica consulates in Zurich (Switzerland), New Delhi (India), Ottawa (Canada), and Casablanca (Morocco). There is also an additional cost of USD $1,200 if you would like to be issued an expedited passport.As demand for Dominica investor citizenship flourishes, CBIU approved real estate will likely appreciate in value much faster than non-sanctioned property. Dominica Citizenship by Investment Program ⏩ MIGRONIS Requirements to Get Dominica Passport within 3 months! To officially secure an interest in a Dominican resort project in accordance with CBIU regulations, economic citizenship candidates simply make a 10% deposit towards the property and execute a sale & purchase agreement. Dominica passports then gained visa-free access to Russia in 2019, and will likelyfacilitate visa-free travel to Mainland China by 2021. The country's currency is the Eastern Caribbean Dollar (EC$ or XCD), which is pegged to the American Dollar at the consistent exchange rate of $2.70 XCD to $1.00 USD. A personal reference must know you for at least five years, and must not be a family member. The Dominican Economic Citizenship Program offers astounding value to its participants, and no other reputable investor citizenship program has such affordable investment criteria making Dominica the cheapest citizenship by investment program in the world. Even if the valueof the investment crashed, however, the cost of Dominica citizenship is still reasonable. This starts at just $100,000 for a single applicant plus fees, or $200,000 for a family of four.© 2020 La Vida Golden VisasInvest in this 5* world renowned hotel brand offering excellent returns alongside citizenship of Dominica. We are based in Dominica and as a result can offer you most confidential and speedy services to obtain Dominica Citizenship by Investment, plus you will benefit from low-cost services.