5 Benefits of Dominica Citizenship

Considering investing in Caribbean citizenship? Each country has a plethora of desirable attributes, and Dominica is no exception. 

The Dominica Citizenship-by-Investment programme has been enhancing investors’ lives since its introduction in 1993.

Other than the incontestable natural beauty of the country, there are many other benefits of Dominica citizenship for investors. We’ve highlighted our top five reasons why high-net-worth individuals may look to seek a second passport and citizenship in Dominica.  

1. Global Mobility

One of the most compelling benefits of Dominica citizenship for high-net-worth individuals is the opportunity of visa-free travel to 144 countries and territories worldwide. 

Holders of a Dominica passport enjoy global mobility through visa-free travel to the United Kingdom, European Schengen Area, Ireland, Hong Kong, Russia, and many other destinations with their families. 

This visa-free access saves investors time from filling out long visa applications, waiting for approvals, and possible visa rejections.

2. Nature Island

Nicknamed the “Nature Isle of the Caribbean,” Dominica is one of the most beautiful places in the Caribbean, where luscious verdant landscapes meet serene, sandy beaches.

Those seeking to acquire second passports in Dominica may be doing so to live, work or retire – as it’s a perfect place for all ages with its relaxed lifestyle and pristine beaches.

The friendly and accepting nature of the Dominican locals and the mixed culture of English, French, Caribbean, and African influences can make anyone feel at home. English is the official language of the island, but Creole is also widely spoken.

3. Attractive Tax Policies

For investors, perhaps the most advantageous Dominica citizenship benefits is the attractive tax policies. 

They offer no tax on foreign income, capital gains, inheritance, dividends, wealth, or gifts. 

Dominica also has a double taxation treaty with other CARICOM countries, like St Kitts and Nevis and St Lucia, which states that the members of the CARICOM agree to avoid double taxation to allow the facilitation of capital movement in the community. 

Considerable tax waivers and other import duties and tax exemptions are other benefits of owning a second passport in Dominica. 

4. Inclusion for the Whole Family

The Dominica Citizenship-by-Investment programme is one of the easiest ways to safeguard your family’s future.

Family members can be added to the main application, including:

• A spouse
• Dependent children under 30
• Dependent parents and grandparents of the main applicant over 65 

Once your Dominican passport is granted and the investor receives the certificate of naturalization, the main applicant and all dependents on the application are officially citizens of Dominica for life. 

Citizenship cannot be revoked and is protected by Dominican law. If passports are renewed every five years, these can be passed down to future generations.

5. No Residency Requirements

Investors considering the Dominica Citizenship-by-Investment programme will be pleased to know that no physical residency is required to maintain citizenship. 

If you’re seeking to gain access to any of the Dominica citizenship benefits mentioned, Dominica has one of the most efficient application processing times. If applicants pass all checks and submit all the necessary documentation, the entire process can take as little as four months.

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Holding second citizenship from Dominica is one of the best modern-day insurance policies, allowing you and your family the ability to travel visa-free or relocate immediately, especially in times of social, political, or economic uncertainty in your home country.

The growing economy and high standard of life make Dominica one of the best countries to acquire citizenship by investment. With a minimum investment starting from $100,000, investors can benefit from their second passport by living and working in Dominica and travelling visa-free to 144 countries globally.

For information on how to get Dominica citizenship by investment, please email info@latitudeworld.com or schedule a free initial consultation with an advisor by clicking here.