INFORMATION SHEET NO.119

Dominica Economic November 2013

Introduction

The Commonwealth of is an island nation located in the Sea. The nation gained its independence from the in 1978 and is a parliamentary democracy.

The Economic Citizenship program of Dominica has established itself as a reliable option in the global community. It is considered one of the most affordable legal citizenship by investments program.

Dominica imposes no residency requirements and no taxes on non-residences.

Dual citizenship is permitted and application process is strictly confidential.

The whole process usually takes between 4-6 months from filing date to the issuance of the applicants’ passports.

Citizenship

1. Due Diligence Background Check

The first step towards Dominica Citizenship involves a background due diligence check. Government-authorised third party agents perform this service at a fee of between US$6.000 – 15.000 per family. This procedure takes approximately 4-8 weeks.

2. Application and Required Documents

Step 2 runs concurrently with Step 1. The Dominica government requires that all documents be no more than 3 months old and are notarized. Application fees for the investor are approximately US$4.000 and are non-refundable.

3. A non-refundable Investment

As soon as the investor application is completed and the due diligence has been approved, the applicant will receive a letter from the Dominica government that his application has been approved in principle. At this time the applicant has to transfer to a Dominica government account:

 Single Applicant

A non-refundable investment of US$100.000.

 Family Application “One”

For a family application (main applicant plus spouse) a non-refundable investment of US$175.000

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 Family Application “Two”

For a family application (main applicant plus spouse plus up to two children below the age of 18) a non-refundable investment of US$200.000. If the family has more than two children below the age of 18 then there is an extra charge of US$50.000 per child.

For children who have reached the age of 18 years of age in either of the above options, the fee is US$100.000.

4. Government Review and Interview

Applicants are required to travel to the island for personal interviews and background checks by a government appointed committee. Applicants should spend at least 4 days in Dominica. The Citizenship will not be granted during the applicant’s stay in Dominica.

Other

The granting of the citizenship is at the sole discretion of the Government of Dominica.

Applicants are denied the citizenship when due diligence reveals false information or when the applicant has a criminal record.

Within 8 weeks upon the completion of step 4, the Prime Minister will approve the Citizenship application and issue the relevant Naturalization Certificates. The passports are usually issued one week after the Prime Ministers’ approval.

NOTES: The above is intended to provide a brief guide only. It is essential that appropriate professional advice is obtained prior to the implementation of any corporate actions in order to achieve the required result. Totalserve Management Ltd will be glad to assist you in this respect. Please do not hesitate to contact us.

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