Basic Eligibility for Dominica CIP
The Dominica CIP is open to all individuals who fulfill the requirements laid down by law. The basic eligibility for an applicant is that:
(a) he/ she is at least eighteen years of age;
(b) submits all documents as required;
(c) Makes the required investment.
Requirements for investment
There are two modes (any one to be chosen) through which an applicant can chose to make an Investment in Dominica-
The Government Fund aims to use the fund generated under this program for building of schools, hospitals, stadiums and promotion of the offshore sector.
If the applicant chooses to select this option, he can make a non-refundable contribution as per the following table:
|One Principal applicant
|Applicant with spouse
|Applicant with three dependents
|Applicant with four or more dependents
|For every additional dependent above Four
The second option is to make an Investment in approved real estate and the investments to be made are provided below.
(b) Investment amounts for Approved Real Estate
The investment in an approved real estate project has to be made after the application is preliminarily approved. The minimum investment value for the applicant choosing this option is USD 200,000. Additional fees need to be paid for individuals selecting this option and they are mentioned below. The real estate acquired for citizenship cannot be transferred for three years and the same property can be used for citizenship application purposes again only after five years.