There are several reasons why people consider obtaining a second citizenship. Some of which are; political stability, freedom to travel, lifestyle benefits, economic security and privacy. There are multiple ways of gaining citizenship to a country but one of the most affordable, and which is fast gaining momentum is citizenship by investment. This describes a scenario where an individual attains citizenship of a country in exchange for economic investment in the country. This is usually practiced by fast developing economies with the hope of boosting their economic capacity.
One of the countries that allow for citizenship by investment is Dominica. This beautiful island nation located in the Lesser Antilles region of the Caribbean Sea offers one of the strongest and most powerful second citizenship in the world. The Island is regarded as one of the world’s happiest nations with the lowest crime level. The country enjoys stability both politically and economically as a democratic country. Dominica is a member of International Monetary Fund, United Nations, World Bank and the Organization of American States (OAS).
To benefit from Dominica citizenship-by-investment is fairly straightforward. The most economical way to take advantage of this opportunity is via donation or investment. After this is made, the applicant and their families will have access to become full-fledged citizens.
Why choose Dominica citizenship-by-investment?
Since there are so many other countries offering second citizenship and a few of those countries even offering citizenship by investment, one may begin to wonder about the specialness of Dominica. Below are some of the reasons you should choose Dominica citizenship by investment above every other;
With Dominica, you can expect a permanent lifetime guarantee and you won’t need to renounce your home citizenship.
When you apply for second citizenship in Dominica, your citizenship and passport will be delivered to you between two to four months. Also, you don’t need to reside in or visit Dominica in order to apply or obtain your citizenship.
Travel with ease:
One of the most significant benefits attached to being a citizen is the ease of travel. This is particularly important for globetrotters. Dominica citizens can travel visa-free to 118 countries. This would include all Schengen State, the UK, and a majority of the British Commonwealth member countries.
Business benefits :
And for those who wish to expand the borders of their business while searching for a climate with favorable business conditions, there is no better choice than Dominica. As a citizen, you are entitled to an attractive tax regime. This will exclude all forms of wealth, inheritance, personal income, and foreign income tax. Citizens also have access to juicy incentive packages, which would include complete exemption from import duties, corporate tax incentives, export allowance and tax relief benefits.
The program allows your spouse and your children, who are below 28 years of age, to apply for the passport along with you. This also includes your dependent parents who are above 55 years of age.
There are only a few places on earth that can boast of the beauty and serenity that Dominica offers. The Island is so peaceful and serene, that it has one of the most centurions in the world. The Island is so beautiful, it would always feel like a vacation each time. It possesses several natural features, which is largely untouched, from rivers, to waterfall, from mountains to plateau.
How to apply
Below are two of the options for obtaining Dominica citizenship by investment;
- Government fund:
This requires a payment of $100,000 for a single applicant.
- Real Estate:
This must have a value of at least $220,000. However, on approval of this means of this application, other extra government and legal fees may arise.
To find out more about Dominica and how to obtain a second citizenship, then contact the Next Generation Equity (NGE), located at Dubai. This citizenship expert can give you further information on the application. NGE has its head office in the Burj Khalifa District, Dubai, UAE.