There are two investment options for this citizenship programme:
- Contribution to the government fund
- Purchasing a pre-approved real estate.
The value of an applicant’s investment varies depending on the number of family members applying with them. With more family members being added to the application, including a spouse and/or any other dependant, this in turn will increases overall sum of the application fee.
The Dominican government established the Government Fund with the aim of developing the nation and contributing to society in the interest of the public. The Fund finances a range of projects that include the construction of new schools, funding public hospitals and private sector projects that are beneficial for the nationals as well as tourists, such as, tourism projects.
The base contribution amount is a total of US$100,000 for a single main applicant. However, a main applicant who intends to include their spouse in their application, the contribution rate will increase to US$175,000. If an applicant decides to apply with three dependants, for example, a spouse plus two children under the age of 18, the total contribution amount will be US$200,000 – which, is just $50,000 per applicant. For each additional dependent child on top of this package or for any additional dependent adult (other than the applicant’s spouse), a further contribution of US$50,000 will be required.
- Single applicant: US$100,000
- Main applicant and spouse: US$175,000
- Applicant with up to three dependants (applicant plus spouse and two children below the age of 18): US$200,000
- Each additional dependant: US$25,000
However, there is still much discussion ongoing within the Dominican government with regards to raising the minimum contribution amount payable through the Government Fund route. As such, we would recommend all prospective applicants to proceed with their application as soon as possible before an increase can occur. When choosing Coates Global, one of our premium experts will handle our client’s second citizenship application every step of the way – contact us today to discuss your requirements.
To qualify for citizenship through the real estate route, an applicant must invest at least US$200,000 in a pre-approved real estate programme as defined under the Citizenship by Investment programme for Dominica. An applicant’s investment must be held for a minimum of three years from when an applicant obtains their citizenship status, after which time the applicant may go on to sell their investment. However, applicants may only re-sell their investment under the citizenship programme, for example, to another investor who has applied for the programme, after a period of no less than five years.
Although choosing the real estate investment option means that you will be able to benefit from selling your investment and potentially making a profit from its original purchase price, this option does incur an additional obligatory government fee. Therefore, on approval in principle of an application through a real estate investment or other approved project, the following fees will also apply:
US$25,000 for the Main Applicant;
US$35,000 for the Main Applicant applying with his or her spouse;
US$35,000 for a family of up to four persons, including the Main Applicant and up to three dependants
US$50,000 for a family of up to six persons, including the Main Applicant and up to five dependants; or
US$70,000 for a family of seven persons or more, including the Main Applicant and six or more dependants
Regardless of the investment option you choose, there are a few other fees to consider when totalling the overall costs of this visa. As a result, Dominica still stands as the world’s cheapest citizenship programme, but it is necessary that all applicants are aware of the extra costs that will incur throughout the application process as this will be a likely factor that will influence their decision on which route of investment they will opt for.
Application fee: US$1,000 – per application regardless of the number of family members
Due diligence checks are used to determine whether an applicant and their dependent family members are reputable as well as of good character
For main applicant & spouse : US$7,500 each
For dependants aged 16 and over: US$4,000 each
No diligence fee for children aged 15 and below
Certificate of Naturalisation: US$250 per person
Passport Fee: US$1,200 per person