The Citizenship by Investment Programme (CBI) became an efficient source to boost the economic growth for many countries as it allows people to attain a second Citizenship after making a significant financial investment. While recognising the significance of the CBI programme for economic growth, one such Caribbean island Dominica has incredibly ramped up the programme with a rigorous due-diligence process.
Dominica has been recognised to offer one of the most streamlined, comprehensive and stringent CBI programmes. With the CBI programme of Dominica, one could get a passport of the second country not for only themselves but also for the entire family as it includes the features of having additional dependents in the application.
The investment for a single applicant starts from USD 100,000 onwards; however, for a family of four, including the main applicant, their spouse and two additional dependents besides the sibling, the cost is USD 175,000.
For example, If Adam is looking to become a citizen of the Commonwealth of Dominica, he can add his spouse and children. If the child is aged 30 or under, they can be included in the application; however, they must be unmarried with no children and substantially supported by either Adam or his spouse.
The Commonwealth of Dominica also allows post citizenship additions, which means a child can be added even when the citizenship is granted to Adam. However, they must meet the same requirements, such as being unmarried, without children, aged 30 years or under and supported by either Adam or his spouse.
Does the same apply to the parents of the main applicant (Adam’s parents)?
Adam can only include a parent if he or his spouse substantially support them; this also applies to his (Adam’s) grandparents, grandparents’ spouse, parent’s spouse.
Can Adam’s spouse also ad their parents or grandparents?
The main applicant’s spouse can also include their parents or grandparents if they are substantially supported by the couple (Adam and his wife).
What about siblings?
The siblings can be included under one application if the sibling is substantially supported by Adam. But, they must be aged 25 years or under, has no children and be unmarried. However, in this case, Adam must also be able to provide written consent from the individuals that are legally responsible for the siblings.
People who are looking for a family-friendly programme can consider the Citizenship by Investment Programme of Dominica because it is based on the criteria of one family under one application. The flexibility to include additional dependents makes it more family-friendly and extremely suitable for larger families looking for second citizenship.
CBI Programme of Dominica
Established in 1993, the Citizenship by Investment Programme of Dominica is among the oldest, secure and safest such programmes globally. It allows foreigners to get Dominican citizenship in exchange for a financial contribution to the development of the country. Any person can choose from two different options, Economic Diversification Fund (EDF) and Real Estate. These two investment options support the country’s social advancement and financial security.
The Citizenship by Investment Programme has also helped Dominica attract extensive Foreign Direct Investment (FDI) into the country’s economy.
The security and safety of citizens have been an utmost priority for the Government of Dominica. All applicants are only granted citizenship after a thorough vetting process and background checks by third-party due-diligence firms.
Dominica uses funds generated by its CBI programme to fulfil its goals of becoming the world’s first-ever climate-resilient country. The government is building infrastructure that can withstand any category five natural disasters while creating employment in the construction and tourism sectors.
Not only that, the persons granted citizenship under the CBI Programme enjoys rights similar to an ordinary citizen. They get global mobility, the right to work or live in Dominica, access to all other factors that are available to ordinary citizens. Citizenship can also be passed down to future generations as well, making it an ideal choice for investors seeking a second citizenship.
Dominica is indeed the world’s most beautiful and peaceful place to live. It is known as the Nature Island of the Caribbean because of its lush green mountains, rain forests, boiling lake, not to mention the 365 rivers.