There are so many reasons to choose to immigrate to the Commonwealth of Dominica. For starters, the Dominica Citizenship by Investment initiative, started in 1993 to attract direct foreign investments, allows people of all nationalities to apply for the country’s passport. Also, you won’t have to take language tests or have lived or visited the country prior. If you obtain citizenship by investment Dominica, you will be eligible to not only live and work in the country but also have the right to vote.
Some of the additional benefits of obtaining Dominican citizenship include visa-free access to more than 144 countries, including the UK and China, easier access to Canada and the US, no taxes levied on non-residents, and the fact that newborns can inherit citizenship. In this article, we tell you more benefits you get when you obtain a Dominican passport.
Benefits of Dominican Citizenship
The allure of traveling to more than 144 countries is perhaps the biggest advantage of getting a Dominican passport.
A Dominican passport allows you to enjoy far greater global mobility via visa-free travel to countries such as the UK, Ireland, Russia, Hong Kong, and the European Schengen Area, among other destinations. As an investor and a citizen of Dominican Republic, you don’t have to go through lengthy visa applications that may even include getting rejected.
There is a good reason Dominca is christened the Nature Isle of the Caribbean. It boasts stunning landmarks and stunning places in the Caribbean region. It is where the luscious landscapes have placid sandy beaches.
It is a remarkable destination for people looking to live, work, or even retire here. Dominica is a perfect destination for all ages of people thanks to its pristine beaches and relaxed lifestyle.
Thanks to the warm and welcoming nature of the locals here, as well as the mixed cultures of French, Caribbean, English, and African influences, you will feel most at home. While the official language of this island is English, Creole is also spoken widely.
Attractive Tax Policies
Probably the best attraction for investors immigrating to the Dominican Republic is the friendly tax policies. Beneficiaries of the Dominica citizenship by investment program don’t have to be subjected to tax on capital gains, foreign income, dividends, or inheritance.
Also, the country enjoys a double taxation agreement with countries in the CARICOM bloc, like St Lucia and St. Kitts and Nevis. The treaty removes double taxation on members within the CARICOM bloc to facilitate capital movement in the community.
The other benefits you stand to gain as a citizenship by investment dominica passport holder include significant tax waivers and other tax exemptions.
When you apply for the Dominica citizenship by investment program, you can include your entire family. This ensures the future of your family is safeguarded.
You can add your spouse, dependants that are under 30, and your parents and grandparents aged 65 and over to your original application.
Once you get your Dominican passport and you also receive the certificate of naturalization, you and all your dependants are officially permanent citizens of the Dominican Republic.
Your citizenship is safe from revocation and is also anchored in Dominican law. The passports can also be passed down to your generation if they are renewed after five years.
No Residency Requirements
Those pursuing citizenship by investment dominica will be happy to learn that they don’t have to have lived in the country before getting citizenship.
The country enjoys the most efficient processing times devoid of useless bureaucracies and red tape. You just need to ensure that meet the eligibility criteria and you are good to go. Additionally, you will be a citizen of this Caribbean island country in as little as four months.
Dominica citizenship advantages
As a holder of the Dominican Republic passport, you can visit most countries in the European Union without requiring a visa. This privilege has made many high net-worth individuals and businesspeople prefer Dominica citizenship to any citizenship. It allows them to travel almost anywhere in Europe without needing a visa.
All you need to visit prominent destinations and business places in Europe, Italy, France, Germany, Spain, Portugal, and the UK, is a Dominican passport. Even better, you will be declared officially a Dominican citizen within just 4 months provided you meet the dominica citizenship by investment criteria.
How to Qualify for Dominica Citizenship
As an investor, you must be of a minimum age of 18 years to apply for a dominica citizenship.
You must also have an untainted record with no criminal record whatsoever.
The law also requires you to prove that the money you are bringing to invest in the country was legally obtained.
All your children under the age of 30 years are eligible for citizenship.
Your parents and other relatives aged 65 years and above are also eligible for citizenship.
Before being accepted for approval, you will be subjected to due diligence checks, which you must pass.
Few countries have better citizenship benefits than Dominica. Thanks to its famous dominica citizenship by investment program, anyone can become a nationality of this beautiful Caribbean island. You only need to have the money to invest. Once you become a citizen, all your children, spouse, parents, and grandparents automatically receive citizenship. Once you receive a Dominican passport, you become eligible to live, work, and even vote.
But the most eye-catching benefit has to be the ability to travel to 146 countries without a visa. You and your family can visit several European countries like the UK, Germany, Spain, France, Italy, Ukraine, and Serbia among others, without needing a visa. Additionally, a Dominican passport also means traveling to the US and Canada is less stressful. Finally, investors that chose to come to Dominica to either work or retire enjoy several tax benefits they can’t get anywhere else. Did I mention the breathtaking landscapes and the serene environment? The benefits of getting citizenship by investment dominica are endless.