Dominica revised a number of points of the investment citizenship program
Dominica made changes to the citizenship program in exchange for investment. They primarily affected fees and dependent rights.
Dependents are children of an applicant between the ages of 18 and 30 who are financially supported and have no sources of income of their own. Now, in order to enter this category and obtain citizenship, young people, in addition to mandatory documents, will have to join a local university. The rule does not apply to unmarried girls, they get the status of a dependent without attending an educational institution. However, they must be less than 25 years old and live with their parents.
As for the applicant’s parents and grandparents, they fall into the dependent group, provided that they are over 65 years old and in the financial custody of the investment program participant. Prior to the changes, this category of relatives was not regulated by age regulations.
Another innovation to the program was the provision for siblings of the applicant or his spouse. Previously, they also received dependent status, but now they are not eligible to apply for Dominican citizenship. Accordingly, the fees for this category of relatives have been waived as well, and no fees are imposed on families of 7 persons. The fee applies only to families of up to 6 people. Relatives exceeding the designated number of family members will have to pay 25 thousand euros.
Adjustments have been made to the EDF option. Now the fees for eligible relatives who are part of a family of more than 4 people will be determined according to the age of those dependents. For example, family members under the age of 18 above that number will have to pay 25 thousand dollars, and relatives over that age – 50 thousand dollars.
Dominica is often identified with the Dominican Republic, but they are very different countries. Dominica is one of the islands that make up the Lesser Antilles archipelago. Its shores are washed by the Caribbean Sea and the Atlantic Ocean.
Dominica offers convenient conditions for the investment program. In order to obtain citizenship, you must purchase real estate in certain projects approved by the government. The investment amount is from 200 thousand dollars, and the amount of fees depends on the number of family members, the fee for one person is 60.5 thousand dollars. Also need to pay a non-refundable contribution to the state fund, the minimum payment of 100 thousand dollars. Properties that were purchased under the investment program are subject to sale 3 years after purchase. The period from application to citizenship in Dominica takes about 6 months.