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
German Permanent Residence Card within
2 years through 'BLUE CARD SCHEME'
1) 'German Blue Card Scheme', (MINT professionals and doctor)
(First residence of 2 years + Permanent Residence in 24 Months or 3-5 years)
2) Self-Employed Entrepreneur +200,000€
*Family Immigration by Business Investment in a commerce
1) German Blue Card : Blaue Karte EU
The EU Blue Card is the main residence permit for university graduates from abroad. It is a simple and unbureaucratic procedure geared to third-country nationals keen to put their talents to use in Germany.
What is the minimum salary requirement for Blue Card Germany?
-
The position in Germany must be remunerated with a gross annual income of at least €58,400 (as of 2023). A gross annual salary of at least €45,552 (as of 2023) is required for employees in the fields of mathematics, IT, natural sciences, engineering and human medicine.
2) Self-Employed Business : EUR 200 000
Foreign nationals can now come to Germany to start their own business
German government wants to make innovative people from abroad easier to start their own business and help create jobs in Germany. The changes in the Residence Act in force since August 2012 are intended to encourage would-be entrepreneurs to invest in Germany and give the federal states more leeway in assessing whether a given business project is likely to be successful.
If you wish to set up a manual trade or retail business, you can get a residence permit for self-employment (Section 21 (1) of the Residence Act) if you satisfy the following requirements:
- There is commercial interest or regional demand for your product or service.
- Your business activity is likely to have a positive impact on the economy.
- You have secured financing for your business by way of capital or loan approval.
If you are over 45 years old, a residence permit will only be issued to you if you can also provide proof of adequate provision for old age.
Freelancers (“Freiberufler”)
If you want to be self-employed in one of the liberal professions, you can get a residence permit for freelance work (Section 21 (5) of the Residence Act). This residence permit is granted if you can prove that you have the means to fund your project, to support yourself and a permit to exercise that profession. If you are over 45 years old, you must also provide proof that you have adequate provision for old age.
If your business idea is successful and you are thus able to make a living for yourself and your family, you can have your residence permit extended, initially for a maximum of three years. If you set up a manual trade or retail business, you can apply for a settlement permit after five years. For those under the age of 27, they can easily apply for the path to permanent residents in Germany after being lived in the country for three years.
Processing time for Germany self-employed investor visa
-
German self-employed investor visa allows you to enter Germany and get a temporary residence visa that is valid for 1~3 years and can also be extended.
-
You can apply for a permanent residence visa after 5 years.
-
This visa can be extended to your immediate family members (spouse, children under the age of 18 years, and dependent children above 18 years) who can live, work, and study in Germany.
* You are eligible to apply for Germany citizenship upon obtaining permanent card
Germany’s citizenship rules could soon be relaxed... in 3 to 5 years
Residency under Entrepreneur Permit
* university degree
Germany offers attractive working conditions and a high standard of living in comparison to its comparatively low living expenses.
German Immigration Law Requirements
There are many conditions which must be satisfied for an applicant to successfully gain a permanent residency visa in Germany by investment. As of the 1st January 2005, Germany introduced a newly reformed Immigration Act in a bid to regulate foreign residency permits. The new law enforces the requirement that all foreigners must obtain a German Residence Permit, which also entitles them to the right to work in Germany.
How to apply for a German Residency Visa?
Nationals of the US, Australia, New Zealand, Canada, Israel and Japan have the right to enter Germany without a visa and apply for a residency permit while remaining as a ‘visitor’ in Germany, however while they incur a visitor status they are not entitled to work in Germany. The 3rd nationals of most other countries (excluding the above-mentioned) are required to apply for and obtain a residency visa prior to entering Germany.
Entrepreneur Permit
Non EU/non EEA/non Swiss individuals seeking residency in Germany by means of entrepreneur will need to apply for a visa for the purpose of self-employment entrepreneur at their home country. Upon the arrival in Germany, the applicant will need to convert their visa into an entrepreneur residence permit. The entrepreneur permit will allow the applicant to set up a business as either an entrepreneur or a freelancer.
In order to apply for this permit, the applicant will need to meet the following requirements:
-
The business activity should fulfil an economic interest or regional need
-
The business activity must have positive effects on the German economy
-
The business must have secured funding
The residence permit will be extended for a maximum of 3 years if the business is successful. After 3 years, the entrepreneur will be able to obtain a PERMANENT RESIDENCE PERMIT. If applying as a freelancer, the applicant will be able to obtain a PERMANENT RESIDENCE PERMIT after 5 years of residency in the country.
Permanent Permit
In order for the applicant to receive a settlement permit (enabling him/her to reside in Germany on a permanent basis) there are some conditions which must be satisfied:
-
The applicant must own a residency permit in Germany for a minimum of 3 or 5 years depending on case
-
Must prove he/she has a secure livelihood
-
Must provide evidence of sufficient accommodation
-
Must have sufficient knowledge of the German language
-
Must show basic knowledge of the German social and legal systems
SKYDOG to Global Mobility !
Combining The Highest Global Standards
With Local Expertise...
citinavi global & partners
South Asia region : ++91 7718403560 / +48 693756874
Japan desk : +337 8255 0702 / China desk : +33 634 10 54 47
/ Vietnam desk : +84 121 4335357 / India : +91 93223 99000