Dominica’s Passport benefits
INTRODUCTION Dominica is one of the prominent countries in the Caribbean. Dominica is located in the Caribbean Sea and it’s known as Commonwealth of Dominica. Due its beauty and nature, Dominica has been given the title “Nature Isle of the Caribbean”. Dominica is considered the youngest island of the Caribbean. It is known for its vast variety of vegetation, birds nd animals. It has natural hot springs and has lush mountainous rain forests. Dominica’s Citizenship By Investment program was started in the year 1993.
Through this program, citizens of other countries can obtain a second citizenship and passport of Dominica. Dominica has a very good reputation worldwide. Its economy is strong and its governance is peaceful. The locals of Dominica are welcoming and they form strong team of skilled workers. Along with citizenship, the investor gets Dominica’s second passport which has many benefits to it.
Benefits of Citizenship and second Passport of Dominica A great amount of confidentiality is maintained while the whole process is done Dominica agrees for dual citizenship thus the investor does not have to surrender his/ her original citizenship The tax regime in the country is very good and beneficial to the new citizens The investor who obtains Dominica’s passport can travel to 115 + countries visa free, thus providing ample amount of access across the globe to expand and grow. The investor at any given point of time need not visit the country The investor will get his/ her citizenship within 4 months’ time
The immediate family of the investor will be provided citizenship along with the investor. It is one of the cheapest CIB program This program does not need the investor to prove age, nor does it have any kind of language barrier to it. Due to its economy, the investor gets to enjoy high standards of living in Dominica The country has less crime rate and is over all considered a safe haven The country has good weather with less pollution. It is covered with lush green mountains with countless rivers and water bodies The country has good number of educational institutes providing world class education at reasonable costs The health system here is also notably good. The cost of obtaining Caribbean citizenship in Dominica is USD $100,000.
The process of obtaining Dominica’s Citizenship by Investments – The Citizenship act defines the investor program in law which legally grants eligible investors instant citizenship by providing them, the “Certificate of naturalization”. For the investor to be eligible for the program he/ she must – 1. Be 18 years and above 2. Have a clean background which can be proved. The investor should be able to provide documental evidence about being a person of outstanding character and reputation. The investor cannot have any criminal records 3. Have a documental evidence about having sound health both mentally and physically
4. The investor will have to make a significant contribution to the national funds of Dominica or should invest in the Real Estate of the country. 5. Apart from the financial investment, the investor has to contribute to the Dominica National fund. The investor can fund either private sector or public sector which ever project the investor feels feasible. However, such a project should be approved by the Government of Dominica.
XIPHIAS Immigration is one of the best investment immigration consultants possible in the country. Dominica doesn’t allow investors to approach them directly. The investor has to go through registered immigration agents. We provide the right options available in Dominica for the investors to choose and invest in. We provide a proper guidance and counseling to help all of our clients. Investing in Dominica is one of the best decisions a high net-worth individual can make as it increases the investor’s personal net worth while also ensuring a return on the investment and we at XIPHIAS provide the right guidance to help all the investors in the best manner possible. SOURCE: benefits.html
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