Including the Schengen countries
A minimum amount of USD 200,000 is required as of 30 June 2024
Months from submission of the application
Dominica offers a delightful climate, especially during the cooler period spanning from December to March. Visitors often praise the warm hospitality of the locals, who are reputed to be among the friendliest in the Caribbean. This reputation is further supported by the remarkably low crime rates in the country. Due to its mountainous terrain, only a portion of the island is suitable for cultivation, but the fertile soil yields abundant domestic and export crops. There’s a strong emphasis on organic farming, presenting significant economic opportunities.
Established in 1993 to bolster the predominantly agriculture-driven economy, Dominica’s citizenship by investment program has evolved over the years. With a growing focus on real estate investments, tourism has become a major pillar of the economy. Despite its small size of 750 square kilometers, Dominica is home to over 74,000 inhabitants, including approximately 3,000 descendants of the indigenous Carib people, making it a culturally rich destination. Remarkably, Dominica maintains an impressively low crime rate, and its currency, the Eastern Caribbean dollar, is pegged to the US dollar.
OPTION 1. Economic Diversification Fund Contribution:
This option requires a one-time non-refundable donation of $100,000 USD to the Dominican government’s Economic Diversification Fund. This is the cheaper of the two options.
OPTION 2. REAL ESTATE INVESTMENT
This option requires you to invest a minimum of $200,000 USD in government-approved real estate projects on the island. You must hold this investment for at least 3 years before you can resell it.
Phase 1: Client Onboarding
Signing with BLS Global Sponsors and Partners:
The process begins with filing the client’s form, which enables our sponsors and Partners to carry out the initial due diligence. Subsequently, following the successful screening, we provide you with a formal agreement with BLS Global.
Upon receipt of the signed agreement and retainer, a dedicated processing team assists you in completing forms and organizing required documents. If your investment involves property acquisition, you will need to establish a sales and purchase agreement with the developer. Subsequently, we facilitate communication between you, the property developer, and the Dominica Citizenship by Investment Unit (CIU).
Phase 2: Application Review and Submission
During the following months (months 2-3), they review your application to ensure full compliance with the CIU’s requirements before submission.
Phase 3: Citizenship Issuance
Between months 3 to 4, the CIU evaluates your application. Upon approval, you are required to fulfill all necessary contributions and settle any government fees. Upon receipt of these payments, the CIU proceeds to issue Certificates of Naturalization, marking the successful attainment of citizenship. Subsequently, you will need to collect the Certificate of Registration in person. This can be done in Dominica or at an approved consulate or embassy.
Note: The timeframe for the real estate option may vary based on the project, highlighting the importance of selecting a project that can provide the necessary paperwork for the citizenship application.
MPORTANT UPDATE: Previous Investment Thresholds for Caribbean Citizenship Increased in June 2024.
The minimum investment threshold was raised to USD 200,000 by June 30, 2024, allowing for a limited window of opportunity to apply under the previous, lower investment requirements.
Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.
You will be vetted by multiple entities: