The well-known Caribbean nation of the Commonwealth of Dominica is the epitome of an island paradise. From its booming trade and bustling tourism industry to its pristine beaches and laid back lifestyle, there is an endless amount of reasons for high-net-worth individuals to explore the option of the Commonwealth of Dominica Citizenship by Investment (CBI) program as a route to a second passport.
Here, we look at the various benefits and opportunities that come with holding citizenship in the Commonwealth of Dominica:
There are many reasons as to why affluent individuals acquire a second passport through the Commonwealth of Dominica CBI program – or any other citizenship program for that matter – but the most significant reason of all is the unrestricted travel around the globe investors gain access to.
Holding a passport from the Commonwealth of Dominica grants citizens visa-free or visa-on-arrival access to over 135 countries and territories worldwide, including popular regions like the United Kingdom, the Schengen Area and Singapore. Investors and their families enjoy freedom of movement around the world with zero possibility of being questioned by any airport or port upon arrival in the stipulated countries.
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In addition, this benefit allows investors to save time and money that would otherwise be spent on acquiring travel documents.
Dominica passport holders enjoy multiple benefits including visa-free travel to essential business hubs.
The Commonwealth of Dominica places no tax on foreign income, capital gains, dividends, gifts, wealth and inheritance. In addition, the Commonwealth of Dominica has double taxation treaties with the United States of America and CARICOM countries, like St. Kitts and Nevis and Grenada. There are also a host of corporate tax incentives, a full waiver from import duties, as well as tax relief benefits and export allowance. The island nation is also known to offer generous tax holidays and other import duty and tax waivers.
If your application is successful and you are granted a second passport, your home country will not be informed of your new citizenship. This makes it possible to keep both citizenships as the Commonwealth of Dominica permits dual citizenship, and your nation of first citizenship will not be notified or have any knowledge of your second passport.
The main reason why Caribbean CBI programs are a favoured path to a second passport is due to its fast, simple and efficient application process. The Commonwealth of Dominica boasts one of the fastest turnaround times from the date of application submission.
The Dominica Citizenship program has been in operation since 1993 and is legally guaranteed by Dominican law.
The entire procedure is straightforward and transparent, with investors receiving their new citizenship from as little as 3 months to 6 months at the most. Also, the government of the Commonwealth of Dominica does not require applicants to pass any interviews and language tests, nor do they have to possess any previous work experience to apply to this program.
Investors can apply as a single applicant or as a family – where a spouse, biological or adopted children under 30 years old, and parents 55 and above can be added to the application. The Commonwealth of Dominica CBI program is one of the easiest and fastest ways to secure a safe and prosperous present and future for yourself and your family in this unpredictable world.
You can apply for Dominica passport as a family group (Main Applicant, Spouse and 2 Children) starting from USD 200,000.
Once your application is approved and you obtain your certificate of naturalization and passport, you and your dependents will be granted Dominican citizenship for life. However, the passport is only valid for 5 years, after which you will need to apply for another 5-year extension. Citizenship may be passed down to descendants for the next generation to inherit.
The Commonwealth of Dominica CBI program has no physical residency requirements, and applicants do not have to visit before or after the application process. This aspect of the program is especially welcomed now that the world is moving into a post-COVID-19 era and adapting to a new contactless norm.
The Commonwealth of Dominica provides an attractive tropical environment with a growing economy and a high standard of living that is perfect as a second home for an investor and his/her family. The island nation is most people’s idea of paradise – but more than just an ideal vacation destination, the Commonwealth of Dominica has become a quintessential place to live, work and retire for both you and your loved ones.
Dominica was the last island in the Caribbean to be colonised by Europe.
Please be aware that the government of the Commonwealth of Dominica does not accept applications directly. Applying to any citizenship by investment program can only be done through a government-approved agent like Savory & Partners. When seeking second citizenship, be sure to render the services of an accredited and recognised advisor, as the internet is rife with fraudulent companies offering schemes that promise a second passport within an implausible amount of time and at an impossibly low cost.
When choosing us as your partner on this journey, you can be assured that you are in safe and capable hands. Savory & Partners is a long-standing and well-respected authorized agent that specializes in helping high-net-worth individuals secure citizenship through investment for themselves and their dependents. Our decades of experience and insider knowledge of the industry has perfectly positioned us to aid over 1,200 families obtain a second passport with a 100% success rate across the board.
If you would like to apply to the Commonwealth of Dominica citizenship by investment program or would like to learn more, get in contact with us today for a free online consultation and one of our skilled agents will happily aid you in your enquiry.
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