Who does not want to get their dream home in the dreamy landscapes of Dominica, in the paradise of Caribbeans? The island nation of the Caribbean, Dominica, is one of the most unexplored lands. Moreover, the natural hot springs, coastal views, and lively rainforest climate make this place attractive for nature lovers.
Thus, if you want to pave the way to the Caribbean paradise, you must go for Dominica citizenship by investment program through https://globalresidenceindex.com/dominica-citizenship-investment/. This citizenship program is renowned among individuals and investors around the globe. This program, recognized by the Global Residence Index, highlights Dominica’s attraction and benefits to worldwide investors and families looking for a new home. Let’s learn more about Dominica’s citizenship by investment.
Understanding of Dominica and its Citizenship by Investment Program
The citizenship by investment program of Dominica came into existence in 1993. The bulk of the investment will go toward building a solid foundation of healthcare initiatives and key infrastructure and expanding tourism capacity. The strong foundation of tourism helps the nation to grow its future.
Benefits of Dominica’s Citizenship by Investment Program
From visa-free travel, tax benefits, and business benefits to travel benefits, Dominica’s citizenship investment program offers plenty of perks for its passport holders. There are some more benefits to holding the passport of Dominica that we will be talking about now:
The holders of Dominica’s passport get the benefits of traveling up to 145 countries visa-free. These visa-free travel countries include all EU Schengen countries, Singapore, and Hong Kong, to name a few. This benefit comes unique as getting a visa for the Schengen countries is one daunting job. But when you have Dominica’s passport, you can exploit the benefits for both business and leisure benefits.
Taxation Benefits
The island nation of Dominica has strong economic roots. Hence, it offers every citizen, including the citizens through, investment leverage taxation benefits. The citizens get an exemption from paying taxes on international dividends, interest, or royalties. The country also offers tax-free benefits from income tax, capital gains tax, and inheritance tax.
Subtle Dual Benefits
Citizenship by investment offers its citizens subtle dual benefits in a way that when the applicant applies for a citizenship program, they do not inform the applicant’s home nation. As a result, it provides the ideal opportunity for persons who want the transaction to be secret. In a nutshell, privacy is the top priority of the Dominican nation.
Innovative thinking Investing
Real estate investments provide returns. Moreover, this program also allows applicants to add future dependents once authorized, and this citizenship cannot be reversed. Even if Dominica discontinues its Citizenship by Investment Program, all Dominica passport holders will continue to be such.
Dominica’s Citizenship by Investment program offers substantial and long-term benefits. It covers the investor, the individual, and their families. Since globalization is taking the forefront of the world order, investing in a plan is more crucial than ever.
Why Dominica?
Almost all the nations of the Caribbean are known for their unparalleled beauty and scenic views. Thus, they are the hotspot for tourism from around the world. Yet, Dominica is the only less explored country with less exploited resources. There is a famous saying that if Christopher Columbus, who helped discover Spain, had to move to any Caribbean nation, Dominica would be the only country he could recognize. This allows Dominica to maintain its natural beauty and offer equal resources to all the citizens for their utmost growth and prosperity. It also boasts an extremely strong economy and a currency pegged to the US dollar, giving investors confidence in their future.
Investment Options and Associated Fees
The citizenship by investment program demands the most affordable deposit money from the applicant. This also becomes a major factor in why people around the globe go for this option for their second citizenship. Under this program, you can invest in two ways. Applicants can invest in qualified real estate or donate to the Dominica Economy Diversification Fund. It is a fact to know that Dominica was once on the verge of increasing the minimum amount but didn’t do so due to the onset of COVID-19.
OPTION-1 Real Estate Investment
Under this option, you must buy or invest in a real estate property certified by the government for this program. These real estate often include properties like luxury hotels, condos, or other accommodations qualify. If you are a single applicant, you must invest a minimum of $200,000. If you do not want to use the property for your purpose, you can hold it on rent for three years and then earn your investment back by selling it.
But if you want to hold the citizenship of Dominica, you have to hold onto the property for five years. Note that this $200,000 investment covers the spouse and the family of any size of the investor.
OPTION-2 Economy Diversification Fund
This option is cheaper than the first one. Here, an upfront investment of $100,000 for a single applicant will be made to make an application for citizenship by investment. However, here, you need to deposit a higher additional price for the attachment of a single member with your citizenship application. For an explanation, If you want to take your spouse along with you on your citizenship, you need to pay a fee of $150,000, a family of four will need $175,000, and larger families will require $175,000 plus $25,000 for every additional dependent.
Conclusion
Citizenship by investment program by Dominica stands out from all other similar programs. The reason is that it paves the way for the citizenship of a serene Caribbean paradise. Moreover, it provides many benefits ranging from global mobility to economic opportunities and a high quality of life.
It offers you two ways to choose for the way of investment. Yet, it doesn’t make any difference which path you choose as both lead you to the same destination, which is Dominica’s citizenship. Thus, apply soon for this citizenship program and earn health care advancements, innovative technologies, and more.
