05.12.2016
Benefits of Obtaining Second Citizenship from Dominica
Being one of the oldest program in the Caribbean Community, which started in 1993, Commonwealth of Dominica Citizenship by Investment Program boast of being one of the most trusted and reputable citizenship program in the world.
Applicants have nothing to worry about the confidentiality of their application. The grant of citizenship is for a lifetime; children have the right to inherit the Dominican nationality regardless of whether born in the Dominican Island or not it becomes the heir’s right.
The Citizenship by Investment Programme is set out in the regulations published pursuant to Section 101 of the Dominica Constitution and Sections 8 and 20 (1) of the Citizenship Act.
Visa-Free to 115 Countries
One of the advantages of becoming citizen from Dominica is the visa-free access to 115 Countries around the globe! This includes the Visa-Free Access to Schengen Area. Below is the list of visa-free countries for a Commonwealth of Dominica Passport:
Schengen Area—Visa Not Required
On 28 May 2015 Commonwealth of Dominica and signed a Schengen Visa-Waiver Agreement with 26 member countries, allowing Dominica Passport Holder to travel visa free!
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
Caribbean Community—Visa Not Required and Allowed to Reside
Special preferences are given to Dominican citizen and passport holder in the Caribbean Community (CARICOM). Aside from Visa-Free on CARICOM, Dominican are also allowed to reside and work in the CARICOM member territories.
- Antigua and Barbuda
- Bahamas
- Barbados
- Belize
- Grenada and the Grenadines
- Haiti
- Jamaica
- Montserrat
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- St. Maarteen
- Trinidad and Tobago
Other Countries Visa Free
Below is the list of other countries and territories that allows Commonwealth of Dominica Citizens to enter visa-free.
- Anguilla
- Aruba
- Belarus
- Bhutan
- British Virgin Island
- Brunei
- Burundi
- Cape Verde
- Cayman Islands
- Colombia
- Comoros
- Cook Island
- Costa Rica
- Cyprus
- Dominican Republic
- East Timor
- Egypt
- El Salvador
- Fiji
- Gibraltar
- Hong Kong
- Ireland
- Jordan
- Laos
- Leeward Islands
- Lesotho
- Malaysia
- Maldives
- Marshal Islands
- Mauritania
- Mauritius
- Namibia
- Netherland Antilles
- Norther Mariana Islands
- Panama
- Peru
- Philippines
- Romania
- Samoa (Western)
- Sao Tome and Principe
- Seychelles
- Singapore
- Solomon Islands
- South Korea
- Tanzania
- Timor-Leste
- Togo
- Tonga
- Turkey
- Turks and Caicos
- Tuvalu
- United Kingdom
- Vanuatu
- Venezuela
- Zambia
- Zimbabwe
*It must be noted that visa-free travel to the countries listed above are subject to change. It is strongly advisable that the relevant Government authorities and agencies are contacted prior to travel arrangements made. Please visit http://cbiu.gov.dm/citizenship/benefits/
Dual Citizenship is Allowed: Reside whenever you want
Aside from Visa-free and visa on arrival to 95 countries an applicant or even citizen is not required to visit nor to reside on the country. Doing business is also easy, not only in the island, but also within the neighboring Caribbean Community (CARICOM).
Dual Citizenship is allowed in Dominica so the applicants is not obliged to give up their other nationality.
Tax Free Status
If a dual-citizen choose not to reside on the Dominica, they can rest assured that their income outside Dominica will not be taxed. If a citizen who is resident, earns income from the island of Dominica, then their domestic income will be tax.
There is no wealth tax, tax on gifts, inheritance tax foreign income tax or capital gains tax in Dominica.
Business Opportunities
Being part of the Caribbean Community allows Dominica Citizen to conduct business in the 15 Member countries. At present time, the world has been recognizing the beauty and magnificence of the whole Caribbean particularly the island of Dominica, and regarded it as prime tourist destination; evidence of this are the number of resorts and spa are built in the country and in Caribbean in general.
Foreign Exchange Stability
The currency used in Dominica is the Eastern Caribbean Dollar, a common currency issued by The Eastern Caribbean Central Bank (ECCB) to all eight members of the Eastern Caribbean Currency Union (ECCU). The Eastern Caribbean Dollar has been pegged to the US Dollar at the rate of USD1= XCD 2.7169 since 1977, providing certainty and stability in exchange transactions.
Politically Stable Economy
Dominica became a politically stable country. At Independence, Dominica adopted the parliamentary democracy form of government. The President is the Head of State, while the Prime Minister is the Head of the Cabinet and of Government business.
Dominica is a Member of different international organizations inclusive of:
- The United Nations (UN) with 193 members,
- The Caribbean Community (CARICOM) with 15 Member Countries and Territories within the Caribbean Archipelago,
- The CARICOM Single Market and Economy (CSME), which broadens Dominican citizens’ access to the Market in terms of demand and supply of service and commodities.
- The Bolivarian Alternative for the Peoples of Latin America and the Caribbean (ALBA)
- UNESCA
- PAHO
- The International Monetary Fund (IMF) and
The World Bank (WB).
With Alfred MBC’s sets of Professional Consultant in Citizenship by Investment Program and well-known Lawyers based on Dominica we will guide you in achieving your goal to become a Global Citizen and achieve the multiple advantages out of it. The freedom is in your hand, we can only support and guide you every step of the way!
For more information and consultation, please contact us. So together we can open the doors of the world for you!