Important factors to consider in residence planning
The Commonwealth of Dominica is an independent English-speaking island state situated between the French islands of Martinique and Guadeloupe. This former British colony is a member of the Commonwealth of Nations (British Commonwealth), the UN, the Organization of American States, CARICOM, and other international organizations. One of the most beautiful islands in the Caribbean, Dominica has a pleasant climate, particularly in the cooler period between December and March, attracting tourists from around the world.
Its citizenship-by-investment program was established in 1993 to boost the country’s largely agriculture-based economy. In recent years, and through an increase in real estate investments, the country’s economy now relies heavily on tourism. The island’s 750 km2 are home to over 74,000 inhabitants, with around 3,000 being the last surviving native Carib people in the Caribbean. Dominica boasts an almost non-existent crime rate and the currency is the Eastern Caribbean dollar, which is pegged to the USA dollar.
To qualify for citizenship under the current regulations, applicants may choose from one of two options:
Applications are processed by a citizenship-by-investment unit, a dedicated government authority within the Ministry of Finance that is responsible for the management of the program. Processing times for applications is currently three months from the receipt of a fully completed application.
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