Dominica’s Citizenship by Investment programme, launched in 1993, is renowned as one of the world’s most attractive, efficient, and cost-effective. In fact, Dominica was only the second Caribbean nation to introduce such an initiative, following the Federation of St Kitts and Nevis. The programme was developed to attract foreign investment, stimulate economic growth, and address the demands of a competitive international market.
Since its establishment, the financial inflows have enabled Dominica to undertake significant infrastructural developments and restoration projects, showcasing the resilience of its people and the value of investment programmes in post-disaster recovery.
This was showcased in 2015 when Tropical Storm Erika caused extensive damage to the island’s property and infrastructure. The devastation intensified in 2017 with Hurricane Maria, a Category 5 storm that left the island reeling. However, funds from the Citizenship by Investment programme became a lifeline, driving Dominica’s recovery and rebuilding efforts.
The evolution of the programme and recent threshold adjustments
Without a doubt, Dominica’s Citizenship by Investment (CBI) programme has significantly enhanced its competitiveness recently. Following the ratification of a Memorandum of Understanding (MoU) in March 2024 by the Caribbean nations offering CBI—Dominica, Grenada, St. Lucia, St. Kitts & Nevis, and Antigua & Barbuda—new regulations have been officially implemented across their programmes. These updates include increased minimum investment thresholds, with St. Lucia also raising its requirements for applicants seeking a second passport after initial delays.
Despite these changes, Dominica remains one of the most cost-effective options. Its CBI programme consistently ranks among the most popular pathways for individuals seeking citizenship through financial contributions, whether by investing in real estate or donating to national development funds.
What does It take?
Under the new scheme, applicants can opt for a donation to Dominica’s Government Fund or a real estate investment, starting at USD 200,000 for a single applicant. For Dominica’s Economic Diversification Fund (EDF), a single applica
What it can give you and your family
The enduring popularity of Dominica’s CBI program is not only its cost-effective nature but also the range of benefits it offers investors. Firstly, the streamline process continues to appeal to potential candidates as the process takes an average of four months after which investors can gain visa-free access to 142 countries, including Schengen states, Singapore, Hong Kong, and China.
As noted, the program also covers family dependents, including spouses, children up to 30, and parents or grandparents from 65. Passports are valid for 10 years for individuals aged 16 and above, while children under 16 receive passports valid for five years.
An added advantage of Dominica’s Citizenship by Investment Program is its generational appeal, allowing citizenship to be passed on to future generations, ensuring the right to live, work, and study in Dominica. The program also offers unmatched flexibility with no restrictions on dual citizenship and no minimum residency requirements.
Additionally, Dominica’s favorable tax environment makes it even more attractive. There are no taxes on worldwide income, capital gains, gifts, wealth, or inheritance, and non-residents are exempt from taxes. These advantages make it a compelling choice for global investors seeking citizenship solutions.
Exploring the “soft benefits” of Dominica Citizenship
Investing in Dominica citizenship also offers several soft benefits. For example, becoming a citizen of Dominica grants membership in the Organization of Eastern Caribbean States (OECS), an economic union of 11 Eastern Caribbean nations. This membership acts like a “mini-EU” and provides the right to live, work, or retire in any full OECS member, including Antigua and Barbuda, Saint Lucia, and Grenada.
Dominica, known as the “Nature Island,” offers a stunning environment with lush rainforests, vibrant marine life, and a high quality of life. Its rich cultural heritage fosters community integration, allowing new citizens to participate in local traditions and celebrations.
The country also presents promising business opportunities, thanks to its growing economy and strategic location, while providing access to quality education for children, enhancing future prospects for families.
Even after recent threshold changes, Dominica’s Citizenship by Investment program has only continued to solidify its position as among the most sought-after options in the Caribbean. By offering an affordable and efficient pathway to citizenship alongside the promise of a rich cultural experience and a vibrant environment, it is an ideal choice for investors looking to secure a global future.
Explore the possibilities of the CBI program for you and your family by reaching out to one of our experts.
