ECONOMIC PROGRAM DOMINICADOMINICA

ECONOMIC CITIZENSHIP PROGRAM

ECONOMIC CITIZENSHIP PROGRAM DOMINICA

Overview Program Benefits Location: , islands between Caribbean Sea and the North Atlantic Ocean; Capital: Roseau; Time difference: GMT -4; Total Established in 1993, the Commonwealth The Economic Citizenship Program of Area: 751 km2; Population: 73,126; Age of Dominica's Economic Citizenship Dominica offers investors a number of Demographics: 0-14: 22.9%, 15-64: 66.8%, Program is designed to allow qualified benefits, such as: 65+: 10.3%; Population growth: 0.216%; investors and their families to apply Language: English (official), French patois; for Dominican citizenship via a non- • no physical residency requirements, Religions: Roman Catholic (61.4%), Protestant refundable investment made to the • inclusion of dependent children of up (26.6%), other (18%); Government Type: Financial Services Unit of Dominica's to 25 years old, Parliamentary democracy and Commonwealth realm; Ministry of Finance. • no minimum level of education Currency: East Caribbean Dollar (XCD), tied to required, USD; Exchange rate: 2.70 XCD = 1 USD; GDP (per The donation proceeds provided to the capita): $14,000 USD; GDP (purchasing power • no management experience required, Ministry of Finance from the program parity): $989.5 million USD (2011). are used to fund both public and private • enjoy visa free travel to around 70 sector projects such as building schools countries including , and renovating hospitals, as well as Hong Kong, Malaysia, Singapore and funding tourism and information Turkey, technology projects. • no taxes for non-residents, • Dominica recognizes dual citizenship, The Economic Citizenship Program of therefore investors can still benefit Dominica is based on Section 101 of the from their current citizenship status. Constitution and Sections 8 and 20 (1) of the Citizenship Act. For more information about investing Officially, the Commonwealth of in Dominica, please contact one of our Dominica is an island nation in the Lesser Certified Partners or visit our website. Antilles region of the Caribbean Sea with a population of 73,126 and area of 751 km2. An English speaking country, Dominica Qualifications was a British colony until its independence in 1978. Often referred to as the Nature Island, tourism and agriculture are large To qualify under the Economic Citizenship contributions to the country's economy. Program for Dominica, applicants need to be of outstanding character with:

• no criminal record, • excellent health, • basic knowledge of English, and • make a direct non-refundable investment with the government of Dominica.

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Investment Options Procedures and Timelines

The investment options available for The application process summarized below is based on the required process that should obtaining citizenship are as follows: be followed by all applicants for the Economic Citizenship Program in Dominica. The procedure follows 9 basic steps, which are dependent on the successful completion of the A. Single Applicant previous step. A single applicant will be required to make an investment of US$ 100,000. DOMINICA ECONOMIC CITIZENSHIP PROGRAM

B. Family Application I File preparation. Advisory, government and due (Applicant + Spouse) Step 1 diligence fees are due at this stage. Issuance of pre-approval Month 1 An investment of US$ 175,000 qualifies letter from Arton Capital. the applicant and his or her spouse for Step 2 Citizenship application submission. citizenship. Step 3 Comfort Letter is issued by the Dominican Authorities. Month 4 C. Family Application II Step 4 Applicant transfers the Investment. (Applicant + Spouse + 2 children < 18) An investment of US$ 200,000 qualifies Month 7 Step 5 Interview appointment and attendance by applicant. the applicant, his or her spouse and two Step 6 Interview results are provided by the Dominican Authorities. children under 18 years for citizenship. Month 8 Upon approval, applicant and family must take the Oath of Step 7 D. Family Application III Allegiance. (Applicant + Spouse + 3 children < 18) Step 8 Certificate of Naturalization is issued. An investment of US$ 350,000 qualifies Month 9 the applicant, his or her spouse and three Step 9 Application and reception of Passports. children under 18 years for citizenship. An investment of US$ 50,000 is required The above timeline is an estimate based on our experience with previous clients and is provided for information purposes only. for each additional child under 25 years. Any changes that may occur, which may or may not affect an applicant’s processing, will not be the responsibility of Arton Capital. Governments can experience large volumes of applications, local authorities can modify required documents and/or processing delays, are some of the factors that may affect timings. Processing times will vary depending on where the application has been filed. Arton All investments above are non-refundable. Capital can provide a specific timeline on an individual basis, depending on the visa office they will be applying through. For the latest up-to-date information, please refer to our website.

Application Fees Applicants and dependents above 16 years are also liable to pay due diligence security and background verification fees, The advisory fees associated with the which may vary depending on the profile, program range between US$ 35-55,000. nationality and country of residence(s) of The fees are based on the number of the applicants. dependents, country of origin, residence and other retained services, as well as Application fees are subject to change, they cover service and legal fees related to therefore always refer to our website the citizenship and passport application www.invest-dominica.com for the most submission. The advisory fees are non- up-to-date information. refundable and are payable in two equal installments at Step 1 and at Step 5. Interviews Additional fees will also apply: Applicants must attend a compulsory Application Fee US$ 1,000 interview. Interviews are usually held in Processing Fee / person US$ 200 Dominica, which requires the applicant Naturalization Fee / person US$ 550 to travel. In some circumstances an Stamp fee / person US$ 15 interview in an alternative country can be Passport fee / person US$ 40 arranged, which will be at the expense of the applicant.

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