Welcome to UKR Business immigration company

Business Phone
Contact time

Mon-Sat: 9.00-18.00

Dominica Citizenship By Investment

The Commonwealth of Dominica has been offering its citizenship by investment programme since 1993, making it one of the oldest citizenship programmes around. The island is located 1400 miles south of the coast of Miami and is famous for hosting over 365 rivers flowing through its unique rainforests and mountainous terrain.

Investors may qualify for citizenship through a donation to the government fund or investment in real estate. The CBIU is the government authority overlooking the day to day operations of the citizenship programme and is regulated under the guidelines of the Commonwealth of Dominica Citizenship by Investment Act.

Economy

The economy of Dominica is largely agriculturally based. The island specialises in the production of tropical fruits, seafood and other various manufactured products. Dominica also produces a wide range of soaps and natural oils. Tourism is also becoming a major contributor to the Commonwealth of Dominica’s GDP. The official currency on the island is the Eastern Caribbean dollar, which is pegged to the US dollar.

Investment options

An applicant must invest in one of the two options below in order to apply for citizenship:

  • Donation in a government fund
  • Investment in real estate

General Requirements

  • Main applicant should be at least 18 years old.
  • Applicants should have no previous criminal record and must be of good character.
  • Applicants should be in good health.
  • Main applicant is also required to make the full investment in order to apply.

Eligibility of Dependents

  • A spouse of the main applicant.
  • Children under the age of 18 of the main applicant or spouse.
  • Children between the age of 18-31 who are in full time attendance at a recognised institution of higher learning and are fully supported by the main applicant.
  • An unmarried daughter of the main applicant who is under 31  and is living with and fully supported by the main applicant.
  • A child of the main applicant who is physically or mentally challenged. The dependent must be fully supported by the main applicant.
  • Parents or grandparents of the main applicant and spouse above the age of 65 living with and fully supported by the main applicant.

Citizenship Benefits

  • Fast application processing time of 3 months.
  • No residency requirements.
  • Visa free travel to over 110 countries including UK, Schengen region, Singapore and Hong Kong.
  • No interview requirements.
  • No language requirements.
  • The ability to work and reside in the Commonwealth of Dominica.
  • Limited taxation: no wealth, gift, foreign income or capital gains tax.
  • Completely private application process.

Facts

  • Lowest Crime Rates in the Caribbean.
  • Home to a range of wildlife and activities.
  • Dominica has the world’s second largest boiling lake.
  • 3 international banks operate branches in Dominica: Royal Bank of Canada, Bank of Nova Scotia and First Caribbean International.
  • International and regional insurance companies such as American Life and Lloyds of London provide insurance services in Dominica.
  • Dominica land of 365 rivers: unlimited water supply.
  • The capital of Dominica is Roseau.
  • English is the official language on the island.
  • It is a small sovereign state home to over 65,000 people.
  • Dominica is a member of the Commonwealth.
  • The country has previously been a French and British colony.
  • Majority of the island is covered in rainforest and hosts a mountainous terrain.

Procedures

Initial Stage

  • An initial internal due diligence check will be carried out on each applicant to assess their suitability for the Dominica citizenship programme.
  • A  deposit payment will be required providing the applicants pass the initial due diligence stage.

Client On Boarding Stage

  • AIM Capital Partners will require clients to scan all documents to their client relationship manager in order to ensure the documents have been prepared in the correct manner. Guidance will be provided to the applicant throughout the process.
  • Thereafter, the team will prepare your application and submit it to the citizenship unit.

Submission Stage

  • AIM Capital Partner will request the required payments when the application is ready to be submitted.
  • Within 1-2 weeks, the company should receive the submission acknowledgment letter from the unit.

Due Diligence Process

  • The citizenship unit will meet to assess the due diligence results and citizenship application.
  • Thereafter, the citizenship unit will inform AIM Capital Partners whether the application has been approved or disapproved. If the application is successful, the application will be approved in principal.

Approval or Rejection Stage

  • The citizenship unit will meet to assess the due diligence results and citizenship application.
  • Thereafter, the unit will inform AIM Capital Partners whether the application has been approved or disapproved.
  • If the application is successful, the application will be approved in principal.

Approval in Principal

  • All payments will be required at this stage and the unit will issue the certificates of citizenship when all payments have been made.
  • Once the certificates have been issued, AIM Capital Partners shall apply for all passports.

Visa Free Travel
 UKR Business UKR Business service dominica
 country

Dominica
Eastern Caribbean dollar
+1-767
Roseau
North America : Caribbean
Dominican Creole French
73,543

Taxes

Limited taxation: no wealth, gift, foreign income or capital gains tax.