The Commonwealth of Dominica is an island country in the Caribbean whose passport is ranked as number 38 on the world passport index. Dominica currently offers one of the cheapest and quickest citizenship by investment programs for a single applicant. The investment requirement is $100,000 which goes towards the country’s economic diversity fund (EDF) and must be paid in full after the application is approved.
During the application process there is no visitation requirements and no residency is needed to maintain citizenship status. Applicants can also include their family members such as children under 30 years, parents up to 55 years and grandparents for an additional contribution depending on how many total members apply. The application requirements are that the main applicant is overthe legal age of 18, has a clean police and criminal record and the funds for the minimum investment. Upon approval which usually takes between 3 to 6 months immediate citizenship is granted and the passport is couriered to the receiver’s country of choice.
With the Dominican passport one can travel to over 130 countries visa free including the European Union member states, the UK, Switzerland, and many more sought after business and leisure countries. Other great benefits that Dominican passport holders can profit from is that the country has a liberal tax regime meaning there is no income, inheritance or capital gains tax, creating a business-friendly environment for international companies to prosper. To find out more about this attractive passport program please get in touch with our citizenship expert advisors.