COMMONWEALTH OF DOMINICA

Size: px

Start display at page:

Download "COMMONWEALTH OF DOMINICA"

Malcolm Morton
5 years ago
Views:

1 COMMONWEALTH OF DOMINICA CITIZENSHIP BY INVESTMENT

Simply Perfect CITIZENSHIP BENEFITS UNITED ST ATES MEXICO ATEMALA THE BAHAMAS CUBA DOMINICAN REPUBLIC PUERTO RICO SAINT KITTS and NEVIS GU EL SALVADOR BELIZE HONDURAS COSTA RICA NICARAGUA PANAMA

irrevocable citizenship Citizenship and passport in 4 months* No need to reside in the country Dual Nationality Allowed Open to most nationalities FAMILY SECURITY Spouse and children below 25 obtain

University School of Medicine All Saints Medical University The Archbold Tropical Research and Education Center owned by Clemson University VISA-FREE TRAVEL Instant travel to 93 countries List

2 Simply Perfect CITIZENSHIP BENEFITS UNITED ST ATES MEXICO ATEMALA THE BAHAMAS CUBA DOMINICAN REPUBLIC PUERTO RICO SAINT KITTS and NEVIS GU EL SALVADOR BELIZE HONDURAS COSTA RICA NICARAGUA PANAMA JAMAICA HAITI COLOMBIA VIRGIN ISLANDS DOMINICA SAINT LUCIA THE GRENADINES BARBADOS GRENADA TRINIDAD and TOBAGO VENEZUELA GUYANA SURINAME DOMINICA ECUADOR PERU BRAZIL PERSONAL FREEDOM Instant and irrevocable citizenship Citizenship and passport in 4 months* No need to reside in the country Dual Nationality Allowed Open to most nationalities FAMILY SECURITY Spouse and children below 25 obtain passport Named one of the world s happiest places to live in Incomparable lifestyle with a safe, stable and natural environment International Education: University of the West Indies Open Campus Ross University School of Medicine All Saints Medical University The Archbold Tropical Research and Education Center owned by Clemson University VISA-FREE TRAVEL Instant travel to 93 countries List includes Schengen states, the United Kingdom Ireland, Singapore, Hong Kong and most British Commonwealth member countries Reputable passport - easy to obtain visas when required BUSINESS OPPORTUNITIES Generous tax regime - no Wealth, Gift, Inheritance, Foreign Income or Capital Gains Tax No Personal Income tax No restriction on the repatriation of profits and imported capital Generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance Currency pegged to US Dollar Duty Free Trading in Caribbean * The Government reserves its right to revoke the citizenship if the applicant has provided misleading information in the application or has a criminal record.

The Citizenship-by-Investment Program of The Economic Citizenship Program of the Commonwealth of Dominica was established in 1991.

* The program is defined in the constitution and laws of Dominica: Section 101 of the Constitution and Section 8 of the Citizenship Act, Chapter 1:10 of the Revised Laws and Section 20 (1) of the

3 The Citizenship-by-Investment Program of The Economic Citizenship Program of the Commonwealth of Dominica was established in The program is based on the statute which means the granted citizenship may not be revoked no matter of changes in the governmental executives or policy.* The program is defined in the constitution and laws of Dominica: Section 101 of the Constitution and Section 8 of the Citizenship Act, Chapter 1:10 of the Revised Laws and Section 20 (1) of the Citizenship Act 1991 You and your family obtain an irrevocable citizenship for life with no need to reside in the country and most importantly no need to give up your current nationality. INVESTMENT OPTIONS The citizenship program of the Common Wealth of Dominica requires making an economic contribution to the country. In exchange, the applicants and their families are granted full citizenship. Citizenship can be obtained through two different forms: Option 1 Government Fund A minimum financial contribution to the Government Fund in the amount of USD 100,000 for a single applicant. The government fund was established through the economic citizenship programme as one component of a national capital mobilization portfolio towards an ultimate goal of national development for Dominica. Option 2 Real Estate Investment To qualify for citizenship of Dominica via the Real Estate Option under the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000.

Option 1 - Contribution to the Government Fund The citizenship program of the Commonwealth of Dominica requires making an economic contribution to the country.

4 Option 1 - Contribution to the Government Fund The citizenship program of the Commonwealth of Dominica requires making an economic contribution to the country. This investment benefits social development programs and supports the country s financial security. The non-refundable financial contribution varies depending on the number of applicants as follows: Single Application: USD 100,000 Main Applicant and Spouse: USD 175,000 Applicant with up to three dependents: USD 200,000 (Applicant plus spouse and two children below the age of 18) Applicant with up to three dependents or more: USD 200,000 plus USD 50,000 for any additional dependent DUE DILIGENCE FEES Main Applicant: USD 7,500 Spouse: USD 4,000 Dependent above the age of 16 years: USD 4,000 Payable to the Government upon submission of the application and non refundable if Citizenship is rejected. PROCESS & TIMELINES Week 1-2 STEP 1 - Upon signature of Canam Retainer Agreement we provide client the documentation and start working on the file. Week 4-8 STEP 2 - Once the file is ready client pays Background Checks Fees and documents are submitted to the Government. Week 8-12 STEP 3 - Once the results of Background Checks are reviewed by the Government, the stipulated investment amount must be paid directly to the Ministry of Finance and Planning. Week STEP 4 - Upon citizenship approval the client is issued a Certificate of Naturalization and Canam will obtain passport/s within 1 week.

5 HELPING YOU AND YOUR FAMILY OBTAINING CITIZENSHIP OF DOMINICA IN JUST A FEW MONTHS

6 Option 2 - Real Estate To qualify for citizenship of Dominica under the Real Estate Option under the Citizenship by Investment Program, an applicant must purchase authorized real estate to the minimum value of USD 200,000. Plus Government Processing Fees and Due Diligence Fees depending on the number of family members and their ages. GOVERNMENT PROCESSING FEES USD 50,000 for the Main Applicant USD 25,000 for the Spouse USD 20,000 for each dependent of the main applicant under the age of 18 USD 50,000 for each dependent of the main applicant aged years. DUE DILIGENCE FEES Main Applicant: USD 7,500 Spouse: USD 4,000 Dependent above the age of 16 years: USD 4,000 Payable to the Government upon submission of the application and non refundable if Citizenship is rejected. Payable to the Government upon submission of the application and non refundable if Citizenship is rejected. PROCESS & TIMELINES REAL ESTATE Week 1-2 STEP 1 - Upon signature of Retainer Agreement we provide client the documentation and start working on the file. A real estate property needs to be reserved through a sales and purchase agreement at this point. Week 4-8 STEP 2 - Once the file is ready client pays Background Checks Fees and documents are submitted to the Government. Week 8-12 STEP 3 - Once the results of Background Checks are reviewed by the Government, and the application was successfully approved, the CBIU will issue a letter instructing you to complete the payment of the real estate property and the Government Processing Fees. STEP 4 - The CBIU will issue the certificate of registration which will be able to be used by us to apply for a Dominican passport. Week STEP 5 - Upon citizenship approval the client is issued a Certificate of Naturalization and we will obtain passport/s within 1 week. Please note that this is a guideline as processing times may vary depending on each individual case and the Government policy. This will be not the legal responsibility of Canam. The grant of citizenship is at the sole discretion of the Government of Dominica but, generally, the application is only denied if the due diligence reveals that the applicant has made false statements in the application forms or other submitted documents; has engaged in criminal activities or is under investigation in relation to criminal activities; or has (or is alleged to have been) engaged in or associated with any activity that would bring disrepute to Dominica.

7 93 COUNTRIES VISA FREE TRAVEL Anguilla Antigua & Barbuda Aruba Austria Bahamas Barbados Belarus* Belgium Belize Bhutan* British Virgin Islands Brunei Burundi* Cape Verde Islands Cayman Islands Colombia Comoros* Cook Islands Costa Rica Cyprus Czech Republic Denmark Dominican Republic East Timor* El Salvador Estonia Eygpt* Fiji Finland France Germany Gibraltar Greece Grenada & The Grenadines Haiti Hong Kong Hungary Iceland Ireland Italy Jamaica Jordan* Korea (South) Laos* Latvia Leeward Islands Lesotho Liechtenstein Lithuania Luxembourg Maldives* Malta Marshall Islands* Mauritania * Mauritius Montserrat Namibia Netherland Antilles Netherlands Northern Mariana Norway Panama Peru Philippines Poland Portugal Romania Samoa (Western) Sao Tome and Principe* Seychelles Singapore Slovakia Slovenia Solomon Islands Spain St. Kitts & Nevis St. Lucia St. Vincent & Grenadines Sweden Switzerland Tanzania Timor-Leste* Togo* Tonga Trinidad & Tobago Turkey* Turks & Caicos Tuvalu United Kingdom Vanuatu Venezuela Zambia Zimbabwe* * Visa on arrival CITIZENSHIP BY INVESTMENT CANAM VISA CONSULTANTS INC. Suite 23, Street Surrey, British Columbia, Canada, V4E 3E6 Phone: Fax: ci@canamvisa.com

is one of the most beautiful and lush islands in the West Indies, sometimes referred to as the Spice Isle due to the vast locally grown spices.

is one of the most beautiful and lush islands in the West Indies, sometimes referred to as the Spice Isle due to the vast locally grown spices. Grenada Citizenship by Investment GRENADA Grenada is the most southerly of the Windward Islands in the Caribbean, and is a tiny point on most world maps with an area of only 133 square miles with a population