(Source: Citizenship By Investment Unit of the Government of the the Commonwealth of Dominica)
The Commonwealth of Dominica is a mountainous Caribbean island nation. This 289 square mile island is referred to as the “NATURE ISLAND OF THE CARIBBEAN” because of its many waterfalls, hot springs, rivers and undisturbed tropical landscape.
The island nation has a population of 72,000 inhabitants. The capital city is Roseau. It obtained its independence from the United Kingdom (UK) in 1979. It is a member of the UN, the 53 member Commonwealth of Nations, Caribbean Community and Common Market (CARICOM) and the Organization of Eastern Caribbean States (OECS), along with St. Kitts & Nevis, Antigua & Barbuda, St. Lucia, St. Vincent & the Grenadines & Grenada. the Commonwealth of Dominica’s currency is the Eastern Caribbean Dollar which is pegged to the United States Dollar.
The official language is English, however French Creole is also commonly spoken. The island’s primary economic activities are sustainable tourism and agriculture. the Commonwealth of Dominica is a stable democracy with an elected Prime Minister.
The Commonwealth of Dominica's Citizenship by Investment Programme allows individuals and their families to obtain citizenship. Applicants must apply through licensed agents, and may not make submissions to the Government on their own behalf.
The Citizenship by Investment Programme is set out in the regulations published pursuant to Section 101 of the Constitution and Sections 8 and 20 (1) of the Citizenship Act. The Commonwealth of Dominica Citizenship by Investment Regulations, 2014 (S.R.&O. 37 of 2014), were recently updated by the the Commonwealth of Dominica Citizenship by Investment (Amendment) Regulations, 2016 (S.R.&O. 38 of 2016).
The Commonwealth of Dominica Citizenship by Investment Regulations, 2014 (S.R.&O. 37 of 2014)
The Commonwealth of Dominica Citizenship by Investment (Amendment) Regulations, 2016 (S.R.&O. 38 of 2016)
As a citizen of the Commonwealth of Dominica, you can partake in a wealth of opportunities and experiences, including:
The Commonwealth of Dominica's passport offers Visa-Free travel to over 140 countries, including the all European Union (EU) States, United Kingdom, Sweden, Switzerland, Singapore, Hong Kong and Ireland. The Commonwealth of Dominica introduced its economic citizenship program over two decades ago, which makes it one of the oldest and most reputable Citizenship by Investment programs in the world. The revenue from the program is used to develop infrastructure for the island and to support private sector economic development.
As a citizen of the Commonwealth of Dominica, you can take advantage of a range of personal benefits that include minimal taxation (no wealth, gift, inheritance, foreign income or capital gains tax), full residency status (with the right to live and work in the Commonwealth of Dominica), right to dual citizenship, and no residency requirement (before or after citizenship is granted).
The Commonwealth of Dominica currently offers two options for obtaining economic citizenship.
Option A: Direct contribution (payment) to the Government of the Commonwealth of Dominica.
This option is less expensive than the investment option however the applicant does not acquire any assets with the possibility of economic return. The Government of the Commonwealth of Dominica utilizes the proceeds from this option for public infrastructure projects and to meet its general obligations.
The direct contribution fee structure is as follows:
Option B: Investment in a Government approved private sector development. This option entitles applicants who invest a minimum of US$200,000 in a government approved private development to pay a reduced Contribution to the Government to obtain citizenship by virtue of their investment in the economic development of the Commonwealth of Dominica. The reduced Contribution fees to the Government are:
Economic Citizenship Investors must maintain their initial investment for a minimum of three years after which they may sell their asset and retain the proceeds. There are currently seven hotel developments designated under the Commonwealth of Dominica Citizen by Investment program. The main benefit of this option is the potential for financial return.
A secondary benefit is that the citizen will demonstrate a tangible investment (effective connection) to the country of their passport.
Citizenship program offers the opportunity to invest in real estate property, & own either shares certificate in a government approved project OR a title deed and a villa as the case in Jungle Bay resort which is one of the Caribbean’s most successful luxury environmentally friendly resorts.
Jungle Bay has developed 120 new villas under the Commonwealth of Dominica Citizenship by Investment Program and opened phase 1 of the resort in June 2019 (the second and last phase of the hotel will open by the end of 2020). Jungle Bay villa purchasers are eligible to obtain Dominican citizenship with a passport that affords visa-free travel to over 140 countries including the UK, Singapore, Hong Kong and the Schengen member states. The Caribbean region offers several economic citizenship investment opportunities however Jungle Bay is the only Caribbean development that offers a deeded real estate investment in the US$200,000* price range.
(*The price for Jungle Bay villas is US $255,000 (inclusive of all closing costs, transfer taxes, deed registration & legal fees.)
Qualified Jungle Bay villa purchasers are eligible to obtain the Commonwealth of Dominica citizenship by virtue of their investment in the resort. Each villa building is divided into two accommodation units with an open living/sleeping space and bath. (Two units may be combined to create one large open villa.) Each Jungle Bay unit comes with its own title/deed.
Jungle Bay villas are a real estate investment therefore purchasers will receive a recorded deed to their villa. This is a far better option than share purchases, which may be difficult to quantify. The Commonwealth of Dominican citizenship program requires investors to retain their investment for a minimum of three years. Villa owners may choose to sell their villas after such time. Over the past ten years Jungle Bay achieved a relatively high occupancy rate which suggests the likelihood of a good return on investment for villa owners however we make no representation or projection of expected returns because our villas are a real estate investment and not a share purchase or securities transaction.
The increasing value of the Commonwealth of Dominica passport, low investment requirement, successful performance record and deeded title makes ownership of a Jungle Bay villa one of the best Economic Citizenship Investments in the world.
The following are the additional citizenship processing costs:
Investment Migration Council (IMC) is the leading global association for investment-related migration. As an IMC member, GLI stays up-to-date on the latest trends and developments in this field through continuous education and training courses. We are committed to the highest professional standards and enhancing the respectability of the industry overall.