St Lucia Citizenship By Investment - PR and Citizenship

St Lucia Citizenship By Investment

cypru

OVERVIEW

The Commonwealth of Dominica is unlike any other Caribbean Island and has fantastic beaches and lush green rainforests. Dominica is dubbed Nature Island and for all the right reasons. The country hosts highly agreeable citizenship by investment program, and there aren’t many people who take advantage of it.

Sitting halfway along the Eastern Caribbean archipelago, Dominica is located just a few miles from Martinique to the south and Guadeloupe to the North. Dominica is an island country in the Caribbean Sea and one of the larger islands in the Lesser Antilles. It is located to the south-southeast of Guadalupe and northwest of Martinique. It is renowned for its unspoiled natural beauties such as the beautiful sandy beaches, lush mountainous rainforests, waterfalls, springs and rivers as well as the spectacular flora and fauna. Also, Dominica is a part of the Common wealth of Nations the trading Caribbean Community (CARICOM) and the Organization of Eastern Caribbean   States.

DOMINICA FACT SHEET

Capital Roseau
Location Located in the continent of the Caribbean, Dominica does not share land borders with any countries
Language English
Currency East Caribbean dollar (XCD)
Government Unitary parliamentary republic
Area 750 km2
Population 72,324
Time Zone Eastern Caribbean (UTC–4)

LEGAL BASIS

The Dominica Citizenship by Investment Programme has been enacted since 1993 and is legally entrenched in the Dominican Constitution. This programme is based on Section 101 of the Constitution of Dominica and Sections 8 and 20 (1) of the Dominica Citizenship Act.

THE ECONOMIC CITIZENSHIP PROGRAM OF THE COMMONWEALTH OF DOMINICA

This highly reputable program invites investors of good character to make an economic contribution to the country and in exchange, the applicant and their family can obtain full Citizenship of Dominica.

Mahandru Associates has a team of expert consultants who facilitate the immigration to Dominica through its Economic Citizenship Program. Once you become a citizen of the commonwealth under this program, your status is permanent, and you enjoy benefits such as being able to travel without a visa to over ninety countries.

To qualify, applicants must make a non-refundable contribution of US$100,000 (single applicants) or US$200,000 (family of four). Once approved, passports will be issued to successful applicants which are good for ten years and which are easily renewable. Citizens of Dominica are not required to maintain physical residency and if they are not resident for tax purposes, they will not be charged personal income tax. Dominica citizens are also allowed to maintain dual citizenship

APPLICATION PROCEDURE

Step 1

Application preparation and pre-approval by Mahandru Associates.

Step 3

Government processing of the application and due diligence checks, taking up to 2-3 months for completion.

Step 5

If your application was approved in principle, the letter issued by the CBIU will also instruct you to make the contribution payment (for the Economic Diversification Fund option) or to complete the payment of the real estate property.

Step 7

Issuance of Passport Book.

Step 2

Submission of Citizenship Application to Citizenship by Investment Unit (CBIU).

Step 4

Past successful Due Diligence Govt. will issue an “Approval in Principle”.

Step 6

Certificate of Naturalization / Citizenship Certificate Issuance.

QUALIFICATIONS

To qualify for the Dominica Economic Citizenship Program, applicants need to:

  • Be of outstanding character
  • Hold no criminal record
  • Be in excellent health
  • Have a basic knowledge of English
  • Make an investment in a government-approved real estate development or make a monetary donation

GENERAL REQUIREMENTS

  • Minimum 18 Years of Age
  • Be able to provide Personal, Business and Bank’s Reference Letter
  • Must pass strict Due Diligence checks in regard to Past Criminal Records & Source of Funds
  • Be in Good Health
  • All Identity Documents Attested & Notarized

DOMINICA CITIZENSHIP BENEFITS

  • Fast processing within as short as 3 month time period.
  • Dual citizenship is recognized under the program.
  • There are no residency or personal visit requirements to gain citizenship.
  • Non-residents who gain citizenship under the program are not charged any tax.
  • Lifetime citizenship is irrevocable once granted.
  • Family Inclusion
  • Minimal taxation – no wealth, gift, inheritance, foreign income, or capital gains tax.
  • Citizens can travel to 112 countries, including the UK, without a visa.
  • The ability to hold multiple citizenships.
  • Dominica is a signatory of double taxation treaties with the USA and the CARICOM.
  • There is no restriction on the repatriation of profits and imported capital.

INVESTMENT OPTIONS

An applicant for Dominica Citizenship by Investment may opt for any of the below 2 Investment Options;

  1. Donation in Government Economic Diversification Fund (EDF)
  2. Investment in Real Estate

Economic Diversification Fund (EDF)The Economic Diversification Fund (EDF) was established through the Citizenship by Investment Programme as one component of a national capital mobilization portfolio, with the goal of national development for Dominica.To qualify for citizenship under the EDF option, the following contribution amounts are required, depending on the number of dependents included in the application:

Description  Single Applicant  Applicant & Spouse Family (2 Adults & 2 Children)
Contribution $100,000 $175,000 $200,000
Processing Fee $1,000 $1,000 $1,000
Due Diligence $7,500 $11,500 $11,500
Certification $450 $900 $1,800
Passport $1,000 $2,000 $4,000
* Fee are variable based on the age of each dependent & are subject to change at any time.
** Local Agent Fee and Mahandru Associates Fee is not included in aforementioned details.

Rest Estate Investment

To qualify for citizenship of Dominica under the real estate option of the Citizenship by Investment Programme, you must purchase authorized real estate to the minimum value of USD 200,000.

Dominica (Real Estate Investment)  Single Applicant  Applicant & Spouse Family (2 Adults & 2 Children)
Investment $200,000 $200,000 $200,000
Govt. fee $25,000 $35,000 $35,000
Processing Fee $1,000 $1,000 $1,000
Due Diligence $7,500 $11,500 $11,500
Certification $450 $900 $1,800
Passport $1,000 $2,000 $4,000
* Fee are variable based on the age of each dependent & are subject to change at any time.
** Local Agent Fee and Mahandru Associates Fee is not included in aforementioned details.

WHY CHOOSE DOMINICA

  • No physical residency requirements
  • Inclusion of dependent children up to 28 years old
  • Inclusion of unmarried daughters under 28 living with and fully supported by the main applicant
  • Inclusion of dependent parents/grandparents over with and fully supported by the main applicant
  • Inclusion of dependent parents/grandparents over 55 years old
  • No minimum level of education required
  • No management experience required