DOMINICA
Investor Program
Advantages
• Citizenship and a second passport for life for the applicant and dependent family members • Travel visa-free to more than 115 countries
• Visa Free access to Schengen Area countries granted in May 2015
• Enjoy tax free status
• No requirement to reside in Dominica
• No management or educational requirements
• No country restrictions (Open to all applicants)
Requirements
• Applicants can make a non-refundable donation to the government fund or invest
in a government approved real-estate project
• Be over 18 years old
• Have no criminal record
• Provide all the documents are required in English
• Provide a letter of application for economic citizenship addressed to the Minister
responsible for Citizenship
• Have basic knowledge of the English language
• Make a deposit in a bank account at the National Commercial Bank of Dominica
• Must use a government authorised agent
Investment Options
1. The Government Fund option (non-refundable) Minimum to be invested:
• USD 100,000 for a single applicant
• USD 175,000 for applicant accompanied by a spouse
• USD 175,000 for applicant accompanied by up to two children under 18 years old
• USD 200,000 for applicant accompanied by a spouse and two children under 18
years old
• Add USD 50,000 for each additional dependent of the main applicant other than
a spouse 2. The Real Estate option (saleable after 3 years) Purchase authorised
real estate with a minimum value of USD 200,000, which must be held for at least
three years. In addition to the cost of the real-estate the following additional
government fees apply:
• Main applicant: USD 50,000
• Spouse: USD 25,000
• Dependent under 18: USD 20,000
• Dependant aged 18-25: USD 50,000
Process (3-4 months)
• Prepare all the documents required and submit them via an authorised agent, and
pay due diligence fees
• After approval, every applicant must sign an oath of allegiance in front of a Notary
Public, Justice of Peace or Commissioner of Oaths
• Obtain the passport after the citizenship confirmation
St Kitts and Nevis
If you apply for a St Kitts passport before June 30, 2023, you can get a whopping $25,000 discount.
Launched in 1984 and renowned as the grandfather of CBI programs, St Kitts has set the CBI benchmark in the Caribbean for decades. Its program is considered to be a gateway to those interested in obtaining the many privileges and rights enjoyed by the inhabitants of the Caribbean countries and ensuring a better future for them and their families.
Previously, Saint Kitts and Nevis had two investment options:
-
A non-refundable contribution to the Sustainable Development Fund, starting at $150,000 USD, and increasing in value depending on the number of family members included in the application.
-
A Real estate investment in a government approved project or in a private property, the minimum investment required by law is $200,000 USD in a property that can be resold after 7 years, or $400,000 USD in a property that will be held for 5 years, for each applicant.
In 2022, Saint Kitts and Nevis introduced a third option “Alternative Investment Option (AIO)”, which is based on investing in projects approved by the government in amounts that will be determined later according to the type of the investment.
Saint Kitts and Nevis passport grants freedom of entry and movement to 154 destination around the world without a visa or a visa on arrival,
It grants citizenship and a passport through donation or real estate investment to qualified applicants. The government requires investment of either a minimum donation of $150,000 to the Sustainable Growth Fund (SGF) or investment of $400,000 in real estate (can be reduced to $200,000 for connected investors) plus related government and due diligence.
Dependent children up to the age of 30 years old can be included along with dependent parents from the age of 55 years. No visit is required. Government, Professional and Due Diligence fees apply
Advantages
• Children under 30 years old can be included
• Inclusion of the applicant’s parents above 55 years old
• No physical residency requirement
• No requirement to travel to St. Kitts & Nevis during the application process
• No interview, education or management experience required
• Allows visa-free travel to over 125 countries, including Schengen Area, UK,
Hong Kong & Singapore • No tax on worldwide income
Requirements
The candidate must:
• Have no criminal record
• Be in excellent health
• Have high personal net worth
• Make a monetary contribution to the Sugar Industry Diversification Foundation
(SIDF), or an investment
Investment Options
Hurricane Relief Fund Contribution (until March 2018):
• USD150,000 - Family with up to 3 dependents
• USD25,000 – for additional qualifying dependents, regardless of age Real Estate
Property Investment:
• The property purchased must have a minimum value of USD400,000 in a
government-approved real estate development
• The property must be owned and maintained for a minimum of 5 years
• Property registration, processing fees and taxes must be paid in addition to the
property purchase
Process
• Application takes an average of 4-6 months
• Completion of application forms and submission through an authorized agent
• Provision of certificate of no criminal convictions
• Medical examination
• The process is simple, and only basic information is required from the applicant
Other Fees
• USD7,500 - Due diligence fees for the main applicant
• USD4,000 - Due diligence fees for each dependent above 16 years of age
• 5% Stamp duty is payable on the value of the Real Estate purchased
• For Real Estate investments, separate government fees will apply to the applicant,
spouse and dependents
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