Dominica Real Estate Investment
Overview of Dominica Real Estate Investment
Minimum Real Estate Investment: US$200,000
Full residence status – including working rights
Minimal taxation
Hold multiple citizenships
Sustainable investment
Dominica Real Estate citizenship: Terms of the Programme
To qualify for Dominican citizenship under the real estate option of its Citizenship by Investment Programme, an applicant must purchase a unit of an Approved Project worth at least US$200,000. Real estate must be held for either three years from the date citizenship is granted or, if the future purchaser is also a Citizenship by Investment applicant, five years from the date citizenship is granted.
Key Real Estate Investment information
- The applicant must pay the full Real Estate Option fees as per the Commonwealth of Dominica Citizenship by Investment Regulations 2024.
- When making a bank transfer, the applicant is responsible for covering any bank charges to ensure the Government receives the full amount.
- Minimum Real Estate fees are expressed in United States dollars (USD) but can also be paid in euros (EUR) and pounds sterling (GBP).
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IMPORTANT: Payments in EUR or GBP must be equivalent to or greater than the minimum Real Estate Option amount in USD; otherwise, they will be rejected as insufficient.
Dominica Real Estate Investment fees
To gain Dominican citizenship through the real estate option, an applicant must purchase a unit from an Approved Project for at least US$200,000.
Government fees
If the application for Dominica citizenship by real estate investment is approved, the following government fees also apply:
- US$75,000 (seventy-five thousand United States dollars) for the main applicant;
- US$100,000 (one hundred thousand United States dollars) for the main applicant and up to three dependants;
- US$25,000 (twenty-five thousand United States dollars) for each additional dependant under the age of 18;
- US$40,000 (forty thousand United States dollars) for each additional qualified dependant aged 18 years of age or older.
Additional fees
In addition to the capital required for Dominica real estate investment, the following fees are also applicable:
- Processing fees – US$1,000 per application;
- Due diligence fees – US$7,500 for the main applicant, US$4,000 for any dependants aged 16 or above;
- In some cases, enhanced due diligence fees may be required depending on current citizenship status, and other personal circumstances;
- Certificate of Naturalisation fee – US$500 per person;
- Mandatory interview fees – US$1,000 per interview;
- Enhanced due diligence fees may apply.
What types of real estate are investors focusing on in Dominica?
Dominica’s Citizenship by Investment Programme offers a diverse range of attractive real estate options for investors seeking to obtain citizenship.
Notable projects include the luxurious Anichi Resort and Spa and the premier InterContinental Dominica Cabrits Resort and Spa*, both promising exceptional amenities and stunning surroundings.
Jungle Bay Resort and Ocean Edge Development provide unique experiences that blend nature and comfort, while the Sanctuary Rainforest Eco Resort and Spa offers a tranquil escape in a lush environment.
Additionally, the Grande Anse Timbo’s Downtown and Tranquility Beach Resort present vibrant community living by the coast.
Lastly, The Residences at Secret Bay deliver an exclusive lifestyle experience, making these real estate options not only valuable investments but also gateways to a captivating Caribbean lifestyle.
*By resale only
Dominica Real Estate Investment: A step-by-step guide
Step 1: Choose from a list of pre-approved projects
Applicants interested in investing in the real estate option must choose from the list of pre-approved real estate projects.
Step 2: Select an Authorised Agent
Applicants must select an Authorised Agent or official promoter from the CBIU website to assist throughout the process, handling documentation and communication with the CBI Unit.
Step 3: Due Diligence Process
Once due diligence fees are paid, the agent submits the application, which undergoes a multi-tiered due diligence process.
Step 4: Make the Investment
If approved in principle, the applicant makes the investment through a Sale and Purchase Agreement with the real estate developer and pays government fees.
Step5: Receive your citizenship
Applicants will receive their Dominican citizenship and can apply for their new passport.
The benefits of Dominica Citizenship by Real Estate Investment
For those who meet Dominica’s Programme requirements, the idyllic Caribbean Island offers one of the best standards of living in the region. Dominica is politically and economically stable, with a low crime rate and rich investment opportunities. Other benefits include:
Full residence status — including working rights
Joining a global community that transcends Dominica’s land borders
Minimal taxation, with no wealth, gift, inheritance, foreign income, or capital gains tax
The ability to hold multiple citizenships
Knowing that you have personally contributed to the prosperity of a peaceful, sustainable and welcoming country, which you can call home for life
Why choose the Dominica Citizenship by Investment Unit
The Dominica Citizenship by Investment Unit (CBIU) stands out as a trusted entity in the realm of citizenship programmes.
- Renowned for its commitment to efficiency and transparency, the CBIU has established a robust framework that ensures a smooth application process.
- This trust is further bolstered by the Government’s stringent due diligence measures, which thoroughly vet applicants to maintain the integrity of the Programme.
- The CBIU’s dedication to national development through investments in various sectors, including real estate and the Economic Diversification Fund, reflects its mission to enhance the country’s economy while providing valuable opportunities for investors.
- Choosing the CBIU means aligning with a reputable organisation that prioritises both the interests of its applicants and the welfare of Dominica, making it an ideal choice for those seeking citizenship through investment.
You can learn more about the Unit here.
Economic Development Fund | An alternative to Real Estate
As well as obtaining Dominican Citizenship by Real Estate Investment, you could instead choose to contribute to the country’s Economic Diversification Fund.
Frequently asked questions
How do I become a citizen of Dominica through real estate investment?
To become a citizen of Dominica through real estate investment, you must first select an approved real estate project as part of the Citizenship by Investment Programme. Next, you will need to engage an Authorised Agent to assist you with the application process. After submitting the application and paying the necessary fees, you must finalise your investment in the property. Upon receiving approval, you will obtain your citizenship, allowing you to apply for a Dominican passport.
Is real estate in Dominica a good investment?
Yes, real estate in Dominica is considered a good investment for several reasons. The country is known for its natural beauty and stable political environment and a thriving tourism industry. Additionally, investments in approved real estate developments provide and extra return on the initial investment. The government actively supports developments that enhance the economy, further solidifying the potential benefits of investing in real estate.
What real estate can I invest in to qualify for Dominica Citizenship by Investment?
To qualify for Dominica Citizenship by Investment, you can invest in various government-approved real estate projects. These include luxury resorts, eco-friendly developments, and many internationally recognised brands. Some notable options are the Anichi Resort & Spa, InterContinental Dominica Cabrits Resort & Spa, and Sanctuary Rainforest Eco Resort & Spa, among others. Each project must meet specific criteria set by the CBIU.
Do my family also qualify for Dominican citizenship if I invest in real estate?
Yes, your family can also qualify for Dominican citizenship if you invest in real estate. The Citizenship by Investment Programme allows you to include your spouse, children, and even dependant parents in your application. This provision enables families to benefit from citizenship, providing them with access to the same rights and privileges.