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Where Is Dominica?

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Where Is Dominica? www.cbiu.gov.dm Where is Dominica? 2 CONTENTS Introducing Dominica's Citizenship by How can I become a citizen Investment Programme of Dominica? Dominica’s Prime Minister Process ............................. 4 welcomes you .......................................... 4 Price.................................... 5 Your global community awaits …........ 5 Why Dominica? Life in Dominica What it means to be Dominican......... 4 Values................................. 4 Unique benefits........................................ 5 Fast Facts.......................... 5 Visa-free travel......................................... 5 Opportunities................... 5 3 Roosevelt Skerrit Prime Minister Commonwealth of Dominica Dominica's Prime Minister welcomes you We are a nation deeply rooted in community values and a mindset of reciprocity. For this reason, we invite individuals and families from around the world to invest in our country, and in exchange we promise to provide you with citizenship of the Commonwealth of Dominica – a status that comes with a myriad of opportunities aimed to transcend borders in a continually globalising world. 4 Your global community awaits... Dominica's Citizenship by Investment Programme The warm and welcoming people of Dominica invite you and your family to become citizens of their small-island nation in the Caribbean. Dominica has offered a Citizenship by Investment Programme since 1993, allowing individuals and their families to enjoy all the benefits of being Dominican in exchange for a contribution in the nation’s future. Administered by Dominica’s Government, the programme is entrenched in the country’s legislation, and has allowed citizens from around the world to enjoy the security and freedom of belonging to a strong and stable nation. 5 Visa-Free Countries Dominica enjoys strong diplomatic relationships with nations around the world, allowing for greater mobility and more convenient international travel. EUROPE Albania Liechtenstein AMERICAS Andorra Lithuania Austria Luxembourg Anguilla Grenada Belgium Malta Antigua and Guatemala Bosnia Macedonia (FYROM) Barbuda Haiti Bulgaria Monaco Argentina Honduras Croatia Netherlands Aruba Jamaica Cyprus Norway Bahamas Montserrat Czech Republic Poland Barbados Nicaragua Denmark Portugal Belize Panama Estonia Romania Bermuda Peru Finland San Marino Bolivia St Eustatius France Slovakia Brazil and Saba Germany Slovenia Cayman Isl. St Lucia Gibraltar Spain Chile St Maarten Greece Sweden Colombia St Vincent and the Hungary Switzerland Costa Rica Grenadines Iceland Turkey Cuba Suriname Ireland (Rep.) United Kingdom Curacao Trinidad and Italy Dominica Tobago Latvia Republic Turks and Caicos Isl. Ecuador Venezuela El Salvador Virgin Isl. (British) French Guiana 6 ASIA Armenia Bangladesh AFRICA Cambodia Botswana OCEANIA Hong Kong (SAR China) Cape Verde Iran Comoros Cook Isl. Israel Djibouti Fiji Laos Egypt French Polynesia Lebanon Gambia Kiribati Malaysia Guinea-Bissau Micronesia Maldives Jordan Nauru Nepal Kenya New Caledonia Philippines Lesotho Niue Singapore Madagascar Palau South Korea Malawi Samoa Oceania Mauritania Solomon Isl. Cook Islands Mauritius Timor-Leste Fiji Mozambique Tonga French Polynesia Seychelles Tuvalu Kiribati Somalia Vanuatu Micronesia Tanzania Nauru Togo New Caledonia Tunisia Niue Uganda Palau Zambia Samoa Zimbabwe Solomon Isl. Timor-Leste Tonga Tuvalu Vanuatu Singapore South Korea 7 Greater wealth, freedom and mobility. No matter where you live. Being a citizen of Dominica is not just about belonging to the “Nature Isle of the Caribbean” – an island of reputed natural and untainted beauty. Dominica’s strong global network exists around the world, no matter where you’re from or where you live. 8 9 STEP 5 The advantages of investing in Dominica • Dominica is a signatory of double taxation treaties with the USA and CARICOM • No wealth, gift, inheritance, foreign income or capital gains tax • Personal tax only applies if you reside and earn income in the country • There is no restriction on the repatriation of profits and imported capital • Generous incentive packages include corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance • Currency is pegged to the US Dollar, which provides certainty and stability in exchange transactions • Duty-free trading in the Caribbean The benefits of belonging • A strong due diligence framework, so you can be sure you’re getting a citizenship of integrity • Visa-free travel to over 120 countries, for greater mobility • A new avenue for wealth diversification and succession planning, to live a life of greater financial security • Peace of mind knowing you belong to a warm and welcoming international community with strong and stable governance at its core • Simple and efficient processes to ensure a smooth citizenship journey • No mandatory travel or residence requirements, to maintain your flexible lifestyle • Investment opportunities that encourage you to unleash your entrepreneurial spirit 9 STEP 5 How can I become a citizen of Dominica? Once you decide to become a citizen of Dominica, the process is efficient, straightforward and can be completed with support from your authorised agent. The Citizenship by Investment Unit (CBIU), the government department responsible for the execution of the Programme has a number of agents licensed to support you through this process. STEP 1 Decide how you would like to contribute. An applicant has two options for investment in STEP 2 order to gain citizenship. One is a non-refundable Contact a qualified contribution to the and trusted legal STEP 3 government’s Economic advisor to assist you in Diversification Fund the submission of your Gather the forms and STEP 4 (EDF). The other is by application. A full list documentation that STEP 5 investing in a Pre- of licensed authorised your agent deems Once your agent is Approved Real Estate agents is available on relevant to your confident that your The CBIU will development. our website. application. application fulfils all acknowledge receipt There is no the requirements, of your application requirement to travel your application and begin processing. to the country to will be submitted A third party due attend an interview. to Dominica’s diligence agency will Citizenship by perform stringent Investment Unit. background checks on the information you have provided during this time. Processing times vary between 60 and 90 days. 10 STEP 10 On receipt of your passport, you will have STEP 9 access to travel as a citizen of Dominica. You are issued STEP 8 with a certificate of naturalisation At this point, you are STEP 7 indicating that you have required to make the become a citizen of STEP 6 relevant contribution If successful, you the Commonwealth of will receive a letter to the Economic If the CBIU is satisfied Dominica. Your agent informing you that Diversification Fund’s that your application will then apply for your your application has escrow account, or fulfils all the criteria, passport. been approved in that of your pre- it will be submitted principle. approved real estate to Dominica’s Prime development. Minister and Cabinet for review and final approval. Congratulations and welcome to Dominica's Global Community! 11 How can I invest in Dominica's future? Two investment channels, a wealth of opportunity To obtain citizenship of the Commonwealth of Dominica, you must choose how you wish to contribute in the nation’s future. There are two ways you can invest: The Economic Diversification Fund (EDF) This option is a one-time, non-refundable contribution to the government. Starting from USD$100,000, this method allows applicants to play a major role in forging Dominica’s future. In the past, the contributions have enabled Dominica to better support their communities with key infrastructure projects and lead the nation down a path toward greater sustainability. Single Applicant USD 100,000 Main Applicant and Spouse USD 175,000 Main Applicant with up to three qualifying dependants USD 200,000 Additional qualifying dependant USD 25,000 12 Investing in Pre-approved Real Estate This is the second pathway to citizenship. Starting from an investment of USD$200,000, applicants have the opportunity to own a piece of Dominica’s prime real estate developments. Realising the island’s potential as a locale for eco-tourism, world-class brands such as Hilton’s Curio, the Marriott and Kempinski are just some of the developments offering strong investment opportunities. Single Applicant USD 200,000 + 25,000 Main Applicant and Spouse USD 200,000 + 35,000 Family up to 4 persons USD 200,000 + 35,000 Family up to 6 persons USD 200,000 + 50,000 Family of 7 persons or more USD 200,000 + 70,000 Additional qualifying dependant USD 25,000 13 What it means to be Dominican Warm in climate, warm in culture The small island-nation of Dominica is home to approximately 18,500 citizens who are considered some of the warmest, most resilient and resourceful people in the world. Known as the ‘Nature Isle of the Caribbean’ for its Eden-like environment of green and lush rainforests, the island’s focus on sustainability is evident in all walks of life. From the UNESCO world heritage site, through to the development of a geothermal plant, Dominica’s ethos is to protect and preserve its untainted and unparalleled natural beauty, while planning toward a green future. Be part of the world's first climate resilient nation Dominica’s government has recently committed to building the world’s first climate resilient nation,
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