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Citizenship by Investment Program Review: Dominica

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Today we are continuing our series where we review different Citizenship by Investment Programs, both official and unofficial. So far we already talked about many countries: St Kitts & Nevis, Turkey, Hungary, Georgia, Malta, Vanuatu, and Montenegro.

Today we are discussing Dominica Citizenship by Investment Program. Dominica is one of the 5 Caribbean Citizenship by Investment Programs.
What to expect? What are the costs and timelines? Is this citizenship a good deal?
Dominica passport has nearly 150 visa-free visa-on-arrival countries, including visa-free access to the UK, Russia, and the Schengen Zone.

This is certainly not the best CBI program on the market. This passport doesn’t include the US, Canada, and Mexico. You don’t have Chile or Paraguay. Also, you won’t have access to Australia, New Zealand, or South Africa.

The advantage of this program is that its due diligence process is not so severe as other programs. You can also pay with crypto.

There are two ways to participate in the program. There is a donation option and a real estate option.

Let’s discuss fees for this program.
For a single applicant, there is a donation of $100 000, and $7500 in due diligence fees. There is a government application fee of $1500, a government processing fee of $1000, $400 courier fees, $1450 passport and certificate fees, local fees of $1650. This totals $118 350.
On top of this, there will be some additional lawyer fees.

If you’re applying with a spouse, government donation jumps to $175 000, $11 500 in due diligence fees, government application fee is $3000, government processing fee $1000, and passport fee is almost $3000.
So, if you’re applying with a spouse this comes up to $220 300.

If a family of four, with two dependents under the age of 16, applies it will be a total of $231 200.
If two dependents are over the age of 16, it will be $239 200.
If you’re applying with a spouse or with a family this is not the most affordable option.

If you go via real estate route you will need to buy a property worth $220 000.
Other fees involved will be the same as the other option, except for some extra fees regarding real estate transfer option.
$272 350 is the total amount for a single applicant if you opt-in for a real estate option.

It takes about 3 to 5 months to get a passport.

Most of the time I’d say this program is not the best way to go, but it can make sense for some people.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

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Author: Michael Rosmer

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15 COMMENTS

  1. Moved there in the 90s for awhile.. 45 now with young boys and have been trying to find a way to get bck there for investment properties for YEARS!! My boys would absolutely love it!

  2. I just want everyone to Educate themselves on what's the best option for them and their families. Being safe in the region this time, the best option is Dominica where the covid active totals are only 7 imported cases amongst islands recommended by Mike which has Hundreds of Cases and even Thousands. My investment will be Dominica as the other islands Healthcare programmes are saturated with problems and misery at this time.

  3. Mike need to find out the purpose of the CBI program on Dominica rather than being biased about his review. Dominica is a perfect island to not only to obtain citizenship but the Island proved itself as one of the top 5 safest havens in the World from the covid pandemic even though it was totally devastated by a category 5 Hurricane. The CBI Funds in Dominica are the most transparent in the world due to it's purpose in Health, building homes, schools, Hospitals, Hotels, Entertainment, Improving Road Network and the soon to be undertaken A New International Airport and Cruise Village whilst the other Islands are not transparent with theirs. The St Lucians and Antiguans lament the fact that their Governments have not been upfront with them about the use of the funds. So instead of dragging a country to the pits to uplift another , please check the facts. I would like to thank all those who continue to participate in our Dominica CBI Program, we are truly grateful and are seeing the fruits of your Blessings upon our Nature Island. The funds contributing are helping us in our development process and soon we'll be open to the World International Tourism Market sharing what we have to offer. These funds continue to be transparent and we're happy people, No covid spikes are here. no shut downs, no curfew. Invest in our Nature Isle as we take it to the NEXT LEVEL.

  4. Hi Michael if we choose to get a passport lets say in st kitts via the real estate option, can we get a home equity loan from a bank of that country after getting the passport or in case of portugal after getting the residence permit? Is it allowed in the cip?

  5. Hey Mike, can you do a video St kitts vs Antigua? Which is best and why? And most importantly tax residency/benefits. Thanks and amazing content, keep it up!

  6. The Parrot on the country’s flag is perhaps the only differentiator for this program. That and the terrible flight connections to the country, although that may change with the new airport. St Kitts (best passport, taxes), Antigua (best for families, travel connections) and St Lucia (cheapest for an individual, a better parrot!) are far better programs. Grenada is good if you want China and EB5 visa in the US.

  7. Michael, I really appreciate your honesty! You are never pushing a solution if you personally don’t believe it’s the best choice for people!
    I have not so great experiences with other providers, as they’re always pushing a solution that brings them most money, not necessarily what’s best for me. Luckily you’re very different.

    This gives me confidence in you, and you’d always be number one person I’d consult on many matters.

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