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Interesting

Dominica


25/09/2015

Dominica, or more precisely the Commonwealth of Dominica, is often confused with the Dominican Republic. While the latter is primarily a Spanish-speaking country, also very popular as a tourist destination, the Commonwealth of Dominica is an English-speaking island nation, also located in the Caribbean.

Dominica has been well known in the international business opinion as a popular jurisdiction for company formation in recent decades. What is not so well known is that Dominica is also one of the cheapest countries for the totally legal acquisition of economic citizenship. Citizenship can be acquired for as little as 100 000 USD in the case of a single applicant, 175 000 USD for applicant + spouse, and 200 000 USD for an applicant, spouse and 2 children under the age of 18, where a non-refundable donation is made to the Dominican treasury. The naturalisation procedure takes approximately 6 months.

Naturally, a clean criminal record and a scandal-free past are important, as each applicant is thoroughly vetted, and these may be reasons for rejection. The citizenship by investment program is extremely popular, with several hundred applicants, primarily of Asian origin, being granted Dominican citizenship each year.

LAVECO Ltd.’s dedicated website – worldwidecitizenship.com – contains detailed information on the Dominican program, as well as the other countries which offer similar citizenship programs.

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