Before deciding to get citizenship for a country you’re interested in moving in, you should get to know it extensively. In this article, we’re going to look at the Commonwealth of Dominica, some amazing facts about this beautiful country, and how one can gain citizenship. Acquiring citizenship in any country can be time-consuming and sometimes a huge hassle, especially if you don’t know the much-needed details. We’re going to outline all the requirements you will need to obtain citizenship in the Commonwealth of Dominica.
In this section, we’ll outline some information about the Commonwealth of Dominica. It is a small yet beautiful Caribbean island nation, located between the islands of Guadeloupe and Martinique. Its capital city is Roseau with a population of around 73,500. The country is ranked 10th among the least populated nations on the globe. Dominica is widely known worldwide for its hot climate and amazing white sand beaches.
There are plenty more to the country that is waiting for you to be discovered. The main and widely spoken language of the country is English; Dominican Creole and French Patois are also commonly spoken on the isle. The currency of Dominica is the East Caribbean Dollar XCD.
The main industries of the Commonwealth are tourism, agriculture, and manufacturing. The island is great for cultivation, with over 20% of the land being arable and are under cultivation. Traditionally, bananas have been the largest export of Dominica for years.
However, there has been a movement to produce other fruits, vegetables, and even coffee in recent years. Dominica’s tourism industry has seen steady growth before the COVID-19 pandemic hit the entire world, affecting the worldwide tourism industry.
The country’s manufacturing industry relies on the raw materials produced by the agricultural sector. The manufactured exports the country produces include ceramics, coconut soap, and shoes among many others.
One of the main features that the Commonwealth of Dominica offers is the Citizenship by Investment Programme. This program will allow investors and their family members that are eligible to obtain Dominica nationality, in exchange for a significant investment in the Commonwealth of Dominica. The investment must be determined under the Commonwealth of Dominica Citizenship by Investment Regulations.
Dominica passport cost depends on two investment options. The first option is a direct contribution to the Government itself, this is also known as a contribution to the Economic Diversification Fund route. The price starts at USD 100,000 for an applicant. This minimum price makes it one of the cheapest investments to obtain citizenship. The second option is real estate investment in pre-approved real estate projects in the country.
The Citizenship by Investment program was introduced in 1993 and is considered as one of the world’s longest-operating economic citizenship schemes. The investor and their eligible family members are welcome to move, work, study, and also set up businesses once they acquire Dominica passports. These are just only a few of the various benefits that one can receive through the CBI program.
All Dominica citizens are entitled to visa-free access to more than 130 countries all over the world. This includes the UK, Schengen Area, and also Singapore. Now that you know some important facts about the Commonwealth of Dominica and its Citizenship by Investment Regulations, how do you exactly become a citizen in the country? Let’s look at that now.
Here are the things you require to apply for Dominica citizenship:
To apply for citizenship, first, you’ll want to get a consultation from your authorized agent regarding the most suitable investment option for you and your family. Authorized agents have been given the authority to act on behalf of the applicant. They are licensed to represent you during your application.
Your agent will help you gather, translate, notarize and prepare all the needed documents you need to submit for your application.
All the information and documents you submit will be subject to a background check to verify their legitimacy. While the CBIU processes your application, your authorized agent will send you updates via letters/emails on your application’s status.
When your application is approved, the CBIU will send you a letter instructing you to make your payment to the Economic Diversification Fund route or complete your payment on the Dominica real estate property you’re planning to buy. Once the CBIU receives proof of payment, they will provide your certificate of Naturalization. This will stand as solid proof of your legal citizenship in the country. It can be utilized when you apply for a Dominican Passport in 2021.