Property and Real Estate Investments in Dominica
Real estate is one of the oldest and most popular investment alternatives. It provides investors with a sense of stable income. Investing in property and real estate further provides a steady source of income. Other potential benefits include unique quirks in cash flow cycles and lending traditions.
Various types of property and real estate investments are:
- Commercial
- Industrial
- Retail
- Mixed-Use
Investing in real estate & property
In today’s world, second citizenship security has become very important for families. Several Caribbean island nations, including Dominica offer citizenship to eligible applicants. A Dominica passport by investment in real estate provides financial benefits. It also aids international travel whenever needed.
The Dominica Citizenship by Investment Program allows investors who completely meet the requirements. In exchange for that, they have to make important investments in the nation’s economy. There are several approved investment routes available to investors. One of the most popular ways is investing in real estate and property. Various costs like investment options, registration costs, and others need to be covered.
The Commonwealth of Dominica has offered citizenship through an Investment Programme since 1993. This program enables eligible applicants to get the full legal citizenship of Dominica. This could be through a contribution to the country’s economy. Moreover, it is permissible for both themselves and close family members. The preferred form of investing is in real estate and property. This is because although the contribution can be in any form, it must be enormous.
Benefits of using the Dominica Citizenship by Investment Program
No Residency rule:
The applicants who receive their citizenship don’t have to live in Dominica. They are free to live in any part of the world they want as a Dominican citizen.
Visa-free travel worldwide
Applicants who receive a Dominican passport get visa-on-landing for more than 140 countries. This also includes the EU and the United Kingdom.
Quick application process
The investment application program is very straightforward and simple. The process doesn’t take a lot of time, and the applicants receive their passport within 90 days.
Complete citizenship for life
The applicants who have completed the procedure become full citizens of Dominica. They also have the right to live and work in other CARICOM (Caribbean Community) countries. Some other benefits include citizenship investment in commonwealth countries like the UK and various others.
Permission of dual citizenship
There is no rule that states applicants have to give up their current citizenship. They can apply for Dominican citizenship while being a citizen of another place too.
Program that is suitable for families
It allows family members to apply together. There has to be the main applicant, including spouses, children, parents, and grandparents.
Eligibility criteria
The applicant needs to be an adult of 18 years or above to apply. They also need to submit the required application and have an investment in the real estate. The investment options need to benefit the Dominican economy or be real estate. Applicants can include parents above the age of 65 and children up to the age of 30. Documents needed include the police report, character report, medical certificate, and a professional reference.
Investment program application process
Keep all the documents together and apply for the medical examination. The real estate option needs a sales agreement along with an approved developer. After waiting for 60-90 days, the applicant receives a confirmation for citizenship. After this, the applicant has to complete the investment option. After the applicant completes the steps, the CBIU issues a Certificate of Registration. This certificate helps in creating a Dominican passport for the applicant.
Essential details are:
- Investment amount: $200,000
- Government fees: $25,000 for a single applicant
- Processing fees: $1,000
- Due diligence fees: $7,500 for the main applicant
- Certificate fees: $250 per person
Conclusion
The Dominica citizenship by investment program has been in place since 1993. It is one of the oldest and best passport programs. It offers a significant cash donation option and a real estate option to investors. Dominican citizenships have various benefits available at an affordable price. For any related queries, make sure to leave a comment.
