No Fee Increase for Dominica CIP
/The expected increase of Dominica’s CBI fees has been suspended with no implementation date in sight, as announced by Hon. Prime Minister of Dominica, Roosevelt Skerrit, in the 2016 budget speech.
The Commonwealth of Dominica’s Citizenship by Investment Programme is one of the lowest priced Citizenship Programmes offered in the Caribbean and will remain so, as the government has announced there will be no fee increase as previously scheduled.
A Dominica passport permits holders to travel visa-free to more than 135 countries, allows greater business and banking opportunities for investors, and imposes no residency requirements and significant tax advantages. To be eligible for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Programme, the Government requires either:
A contribution made into the Government Fund amounting to US$ 100,000 depending on the number of dependents included in the application;
An investment in designated Real Estate with a value of at least US$ 200,000.
Real Estate Investment Option
To qualify for citizenship of Dominica under the Real Estate Option under the Citizenship by Investment Programme, an applicant must purchase authorized real estate with a minimum value of US$ 200,000. The property must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the original purchase date. Following the approval of an application, the following fees are payable in addition to the capital investment required:
GOVERNMENT FEES
US$ 50,000 for the Main Applicant
US$ 25,000 for the Spouse
US$ 20,000 for a dependent under the age of 18
US$ 50,000 for a dependent aged 18-25 years
PROCESSING FEES
US$ 3,000 per application
DUE DILIGENCE FEES
US$ 7,500 for the Main Applicant
US$ 7,500 for the Spouse
US$ 4,000 for a dependent aged 16 years and above
US$ 50,000 for a dependent aged 18-25 years
CERTIFICATE OF NATURALIZATION FEE
US$ 750 per person
EXPEDITED PASSPORT ISSUE FEE
US$ 1,200 per person
Government Fund
To qualify for citizenship of Dominica under the Government Fund Option under the Citizenship by Investment Programme, an applicant must make a non-refundable contribution to the Government of Dominica. To qualify for citizenship under this investment option, there are four investment categories with different contribution amounts, based on the number of dependents included in the application. The donation amounts are non-refundable, which are as follows:
US$ 100,000 contribution for a single applicant is required
US$ 175,000 contribution for a single applicant and spouse is required
US$ 200,000 contribution for a single applicant, spouse, and two children below the ages of 18 is required (Applicant with up to three dependents)
US$ 200,000 contribution for a single applicant, spouse, and more than two children below the age of 18 (Applicant with up to four dependents or more)
US$ 50,000 for each additional dependent
Following the approval of an application, the following fees are payable in addition to the capital investment required:
PROCESSING FEES
US$ 3,000 per application
DUE DILIGENCE FEES
US$ 7,500 for the Main Applicant
US$ 7,500 for the Spouse
US$ 4,000 for a dependent aged 16 years and above
US$ 50,000 for a dependent aged 18-25 years
CERTIFICATE OF NATURALIZATION FEE
US$ 750 per person
EXPEDITED PASSPORT ISSUE FEE
US$ 1,200 per person
NTL Trust, headquartered in the Caribbean since 1994, works extensively with clients and the local governments to provide unparalleled service to investors wishing to obtain a second citizenship and passport. They offer personalized service, secure and compliant cross-border corporate and fiduciary wealth management solutions, designed specifically to help clients and professionals reach their goals and ensure the best possible outcomes in the application processes. Global Footprint for Global Planning
