Caribbean islands are in general quite popular in terms of second passport opportunities. Dominica is among those paradise-like islands and improves its popularity by attracting more high net worth investors from all around the world every year. As Dominican citizenship gains more value in public eye, its citizenship by investment program attracts more attention and Dominica reaps the fruits of its correctly placed policies as to how to get Dominican passport.
Among the Pioneers of the Citizenship by Investment Programs
Not the same with the Dominican Republic, the Commonwealth of Dominica is a small island nation in the Lesser Antilles archipelago. As the other Caribbean nations, Dominica also is known for its amazing nature and endless beauties, but it has so much more to offer than its physical attractions.
Dominica launched its citizenship by investment program in 1993 as one of the firsts in the area. Since then, it successfully constituted a worthy option for businesspeople from every corner of the world. Increasing its popularity every day, Dominica’s citizenship by investment program also benefits from its experience gained by the long run of its success. By simplifying the process of evaluation and strengthening the due diligence stage, Dominica continued to upgrade its Dominica citizenship by investment program towards perfection.
Second Passport and Business Opportunities
The small island nation appears to be gaining popularity, because although the government of the country does not reveal the number of applications to the public, the publicly available yearly budgets clearly show that the program continues its success. As a result, the inspiring work of the island does not go unnoticed; Professional Wealth Management, a subsidiary of the Financial Times, ranked Dominica’s citizenship by investment program as the best in the world.
Minimum investment one can make for the Dominican citizenship is $100,000 and it allows visa-free travel to more than 120 countries across the globe including important business hubs. The minimum amount of $100,000 investment is required to be donated to the Economic Diversification Fund. If the applicant chooses to make a real estate investment, then the investment amount rises to $200,000. In addition, the program does not obligate continuing residency in the country during the process of application and evaluation and it allows investors to continue their international affairs uninterrupted while getting their Dominican passport.
Dominica’s citizenship by investment program recently launched its Global Community initiative and now it offers an even wider perspective for its international applicants: “We are a nation deeply rooted in community values and a mind set of reciprocity,” said Dominican Prime Minister Roosevelt Skerrit. “For this reason, we invite individuals and families from around the world to invest in our country. In exchange, we promise to provide you with citizenship of the Commonwealth of Dominica – a status that comes with [myriad] opportunities aimed at transcending borders in a continually globalising world.”
Beyond its mind-blowing nature, Dominica offers infinite possibilities and awaits its new citizens.