As a protocol to better verify quality applicants, the Dominica citizenship by investment unit will now enforce interviews as part of the application process. All applicants 16 years or older will be required to attend an interview.
Iranian nationals specifically, regardless of where they reside will now have to pay enhanced due diligence fees. Due to this change, Nationals from the Islamic Republic of Iran and applicants domiciled in the Islamic Republic of Iran will be required to pay the following due diligence fee structure:
Main Applicant: $25,000 USD
Spouse: $15,000 USD
Each dependent 16 years or older: $15,000 USD
Each dependent aged 12-15 years: $10,000 USD
*These enhanced due diligence fees are inclusive of the standard due diligence fees outlined below.
The Economic Diversification Fund (EDF) is a viable fund created by the Dominican government that supports projects to boost the country’s development. It’s an investment stream part of the Dominica citizenship by investment program. Investors can become a Dominican citizen through their Citizenship by Investment Programme by making a financial contribution to the EDF.
All funds generated through the EDF are channeled towards enhancing various projects in both the public and private sectors that require financial backing. These projects support diverse areas throughout the community such as constructing schools, refurbishing hospitals, establishing a national sports stadium. Plus, EDF aids ventures across tourism, information technology, and agriculture industries. It’s all about making Dominica an even better place to live and work!
Investors can contribute the following costs in exchange for Dominica citizenship:
It’s important to consider and account for the fees associated with citizenship by investment programs. Here are the following fees for the Dominica CBI program when opting for the EDF donation route.
Processing Fees: $1,000 USD per application
Due Diligence Fees: $7,500 USD for a single applicant; $4,000 for the Spouse and $4,000 for each additional dependent above 16 years
*Enhanced due diligence checks and fees may sometimes be required, depending on the applicant’s current citizenship status, and other personal circumstances.
Certificate of Naturalization fee: $250 USD per person
Expedited passport issuance fee: $1,200 USD per person
If you’re looking to become a Dominican citizen through the real estate option of their Citizenship by Investment program, here’s the scoop: you need to buy approved property valued at a minimum of $200,000 USD. Then, hold onto the real estate for either three years from the day you become a citizen. In the case the next buyer is also using the citizenship investment route, you’ll need to hold onto the property for five years from the day your citizenship is granted.
Property Amount: $200,000 USD minimum
If your application is approved, you’ll also be required to pay additional government fees:
Single applicant: $25,000 USD
Main applicant and up to three dependents: $35,000 USD
Main applicant and up to five dependents: $50,000 USD
An additional $25,000 USD for any additional qualified dependents
Processing fees: $1,000 USD per application
Due diligence fees: $7,500 USD for a single applicant, $4,000 USD for a spouse and $4,000 USD for any defendants aged 16 or above.
In some cases, enhanced due diligence fees may be required depending on current citizenship status, and other personal circumstances.
Certificate of naturalization fee: $250 USD per person
Expedited passport issuance fee: $1,200 USD per person
As you can see, the overall cost you’ll fork out for Dominica citizenship is determined by the amount of dependents you’ll include on your application. All-in-all, it’s a well-priced program.
Unfortunately nationals from the countries of: Northern Iraq, Russia, Belarus and the Kurdistan Region will not be eligible to apply for the citizenship by investment program in Dominica.
Additionally, applicants from North Korea and Sudan will be refused unless: 1. the applicant hasn’t lived in these countries for the last ten years; 2. They hold no substantial assets in those countries; and, 3. They’ve not conducted business or similar activities in those countries.
All applicants will need to submit to following:
Additionally, any documents not in English must be accompanied by a certified translation into English. Finally, all documents must be certified and authenticated according to the law of the jurisdiction from which it originates.
Unfortunately, a major downside is that the UK has recently revoked visa-free access for Dominica passport holders. The Prime Minister cited “clear and evident abuse” of citizenship programs as the reason for this decision. This is primarily due to the fact that they learned several applicants were granted Dominica citizenship despite previously being denied UK visas. They didn’t disclose this information at the time of application and as a result were given citizenship which is now being revoked. Sources of IMI Daily reported that the Dominica has issued 25 letters to revoke citizenship to applicants who concealed “material information.”
This is a big let-down for the program at large and especially all Dominica nationals. We can only hope that the recent changes and tightening of the program’s diligence will lead to the home office to change their stance in the near future.
There’s no requirement for you to live in Dominica if you go through the citizenship by investment program. However, if it’s going to be the place of your next passport, there may be a time you or your family members consider actually living there. At least for some time. So how is it?
Living in Dominica is like stepping into a tropical paradise full of natural wonders and vibrant culture. Nestled in the heart of the Caribbean, this island nation offers a unique blend of lush landscapes, warm hospitality and a relaxed pace of life.
Picture waking up to the soothing sound of waves crashing against the shore, surrounded by lush rainforests and breathtaking mountains. Dominica’s untouched beauty is a nature lover’s dream come true. You can explore hidden waterfalls, soak in hot springs and hike through lush trails leading to stunning vistas. There are a slew of activities for adventure seekers, from water sports (add whale watching to the traditional list) to zip-lining.
The local culture is a rich tapestry woven from African, European and indigenous influences. This mix is reflected in the island’s festivals, music and delectable cuisine. Savor mouthwatering Creole dishes prepared with fresh seafood, tropical fruits and a medley of spices. And don’t miss out on experiencing the lively music scene and vibrant dances that truly embody the spirit of the island.
The sense of community in Dominica is strong and welcoming. The locals, known as Dominicans, stay true to Caribbean hospitality offering warmth and friendliness. It’s easy to forge connections and integrate into the local way of life. With a blend of traditional practices and modern amenities, you’ll find authenticity and comfort at your fingertips.
While life here is relaxed, it’s important to note that the island’s infrastructure may differ from what you’re accustomed to. Internet and transportation options might be more modest, but that’s all part of the charm of living in a place that prioritizes natural beauty and cultural heritage.
Whether you’re seeking a peaceful retirement haven, an adventure-filled lifestyle or simply a break from the hustle and bustle of the modern world, Dominica offers a unique and enriching experience that’s hard to find anywhere else. Embrace the tranquil pace, immerse yourself in the beauty of nature, and let the island’s enchanting spirit captivate you.