COMMONWEALTH OF DOMINICA
The Citizenship by Investment Program requires applicants to make an investment into Dominica's economy, either in the form of a contribution to the Economic Diversification Fund or through an investment in local pre-approved real estate.
Montreal Immigration Services is duly recognized and authorized by the Government of the Commonwealth of Dominica to represent and promote Dominica's Citizenship by Investment Programme across the globe.
EDF / GOVERNMENT FUND
The Economic Diversification Fund (EDF) also known as Government Fund is a Dominican Government program supporting socio-economic initiatives with the aim of driving national development. This was established through the country’s Citizenship by Investment Programme, as one component of a national capital mobilization portfolio.
Applicants can acquire economic citizenship to Dominica by making a financial contribution to the government.
Generated funds are utilized for public and private sector projects where a need is identified. Public sector projects identified for financing under the program 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.
To qualify for Dominican citizenship through the Citizenship by Investment program, applicants must make a non-refundable contribution to the Government.
The cost of the contribution will be determined by the number of dependents included in the application - this refers to anyone who relies on the main applicant as a primary provider, including children. Spouses, parents or other family members may also qualify.
|Main Applicant||USD 100,000|
|Spouse of main applicant / sibling or main applicant or of the spouse aged 18 to 25.||USD 50,000|
|Main applicant, spouse and two dependents*|
(*children of main applicant or spouse, parents or grandparents of main applicant or spouse of main applicant)
|Other dependents of the main applicant or spouse of the main applicant|
(*children of the main applicant or of the spouse, parents or grandparents of the main applicant or of spouse, sibling of the main applicant or of the spouse aged 17 below )
REAL ESTATE INVESTMENT
To qualify for citizenship of Dominica under the Real Estate Option under the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000.
Following approval of a real estate investment application, the following Government Fees are payable:
|Main Applicant||USD 25,000|
|Family up to 4 persons, including the main applicant||USD 35,000|
|Family up to 6 persons, including the main applicant||USD 50,000|
|Each additional dependent below up to 17 years old||USD 25,000|
|Each additional dependent from 18 to 25 years old||USD 50,000|
Given that the application procedure under this option entails the purchase of the real estate, this can prolong the processing time, which is subject to the chosen property.
The real estate must be held for 3 years and may be eligible for resale under the Citizenship by Investment Program after 5 years from the original purchase date.
DUE DILIGENCE AND OTHER FEES
In addition to the capital investment required for the selected investment option, additional fees are payable by each family member. These comprise of the following:
|Processing Fee (per application)||USD 1,000|
|Due diligence fee for the main applicant*||USD 7,500|
|Due diligence fee for spouse||USD 4,000|
|Due diligence fee for each dependent aged 16 years old above||USD 4,000|
|Fee for Certificate of Naturalization (CON) per person||USD 250|
*In some cases, an enhanced due diligence may be required depending on the citizenship the applicant holds.
Download our free brochure to find out more about our Dominica Citizenship by Investment Program.