Citizenship by Investment Program
The last amendment was made on 1 December 2016 in Legislation No. 38 of 2016. Through this program, a foreign-national that makes an economic contribution in the form of a donation to the Government Economic Diversification Fund, or a real estate investment, may become a citizen of Dominica.
The entity that manages applications and enforces regulations is the Dominica Citizenship by Investment Unit (CBIU), and citizenship granting is at the sole discretion of the CBIU director and senior examiners.
Investment in an approved Real Estate project- US$200,000 minimum investment in an approved real estate project by the Government of Dominica, to be held for a minimum of 3 years.
If the Real Estate option is chosen, then the following Government fees will apply:
- US$ 25,000 for the main applicant.
- US$ 35,000 for a family of up to 4 persons (including the main applicant).
- US$ 50,000 for a family of up to 6 persons (including the main applicant).
- US$ 70,000 for a family of 7 persons or more (including the main applicant).
- Main applicant must be 18 years old or older.
- Main applicant must prove that they have enough funds to make the required investment, and prove the legal source of these funds.
- Main applicant and dependents do not suffer contagious disease and/or serious health problems.
- Clean Criminal Record.
- Not to be subject of a criminal investigation.
- Not to be considered a potential national security risk.
- Not to be involved in any activity likely to cause disrepute to Dominica.
No nationality is officially restricted
Dual citizenship is recognized in Dominica. You are not required to renounce your previous nationality to become a citizen of Dominica.
- Original Professional Reference Letter (Not older than 6 month)
- Financial Statement
- Original Bank Reference Letter (Not older than 6 month)
- Two Personal References
- Original Police Clearance Certificate
- Eight passport-size photos
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Official transcripts of written confirmation from a recognized education center (dependents over 18)
- Proof of payment of nonrefundable processing and due diligence fees
- Statement of Source of Funds
- Curriculum Vitae
- Evidence of Business Background
- Real estate sales and purchase agreement
- Medical Certificate
- Certified copy of passport
- Certified copy of ID Card
- Professional and academic certificates (if applicable)
- Photograph and Signature Certificate
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single $200,000
- Investment Family 4 $200,000
- Minimum annual income -
- Time to citizenship 2
- Time to permanent residency
- Visa-free countries 118
- Financing available No
Located between the French overseas territories of Guadeloupe to the north and Martinique to the south, it has an area of 750 sq. km. and a population of over 72,000 inhabitants. Its capital is Roseau. English is its official language, Dominican French Creole, a French based sub-variety of Antillean Creole, is also widely spoken. Its official currency is the East Caribbean Dollar (XCD), pegged to the US$ at a 2.71:1 ratio.
Visa Free Travel
Becoming a Dominica citizen, does not automatically make you a tax resident. To be a tax resident an individual must:
- Have their permanent place of residence within the country and spend a period of time during the tax year in Dominica, unless purposes of absence are considered reasonable by the Comptroller of Inland Revenue, or
- Be in Dominica 183 days or more in the tax year, or
- Be in Dominica for a continuous period of less than 183 days, but resident the preceding or succeeding tax year.
Personal Income Tax is levied on a residence and remittance basis:
- Individuals resident or ordinarily resident in Dominica are subject to personal income tax on a worldwide basis.
- Individuals resident but not ordinarily resident are subject to personal income tax on their Dominica-sourced income and foreign-sourced income remitted to the country.
- Individuals non-resident are taxed on their income from Dominican sources and income from foreign sources remitted to the country.
Personal Income tax rates are progressive up to a top marginal tax rate of 35% on annual income exceeding XCD50,000. Capital Gains are not taxable.
Dominica bank interests are tax-exempt. Dividends received are included in taxable income but a tax credit up to 25% of the net dividend received is usually available.
Dominica does not have Controlled Foreign Companies (CFC) Rules. This means that income retained in a foreign entity owned by a tax-resident may not be subject to taxation.
Municipalities levy a property tax of up to 1.25% of the property value, depending on type, location and use of the property. There is a 6.5% stamp tax on contracts for the transfer of assets. There are no net wealth and inheritance taxes in Dominica.
The Value-added tax (VAT) rate is 15%. Reduced rates and exemptions apply for certain goods and services.
Regarding corporate taxation, domestic companies in Dominica are subject to tax on their profits, whether accrued within or outside the country. Corporate Income tax rate is 25%. Dividends are subject to tax, but a tax credit is usually available. Capital gains are not subject to taxation. However, capital gains will be subject to taxation if they comprise a substantial portion of the income-earning activities of the business.
Companies incorporated under the International Business Companies act may benefit from a full tax exemption, easy accounting and confidentiality. Learn more about company taxation and legal frameworks at incorporations.io/dominica.
This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.
- Property tax Yes
- Transfer tax Yes
- Inheritance tax No
- Net worth tax No
- CFC law No
- Tax residency days 183
- Personal income tax rate 35%
- Capital Gains tax rate 0%
- Investment income tax rate 35%
- Territorial taxation Yes
ProceduresPlease sign in to view
Our qualified lawyer in Dominica will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain-free as possible.
First, our lawyers will conduct a due diligence on you to ensure that you are eligible and meet the criteria to apply for the program and your application will be approved. We will send you the application forms and provide assistance to complete the questionnaires and translate and legalize documents. You must undergo a medical examination (we may recommend clinics in your jurisdiction) and provide us the medical assessment.
After that, you will be ready to undergo fingerprint procedures and reserve your property through a sales and purchase agreement. Investment will be made only in case of application approval.
We will handle all paperwork with Dominica’s CBIU, which will conduct a due diligence check. Once your application is approved, investment will be released and you will receive a certificate of naturalization and you will be able to apply for the passport. The whole process takes within 60 days after application submission.
For further information on Dominica’s citizenship by investment program and detailed procedures, contact us for a free private consultation.