About the Economic Diversification Fund
The Economic Diversification Fund (EDF) is a Dominican Government programme supporting socio-economic initiatives with the aim of driving national development. This was established through the country’s Citizenship by Investment Programme, as one component of a national capital mobilisation portfolio. Applicants can acquire economic citizenship to Dominica by making a financial contribution to its EDF.
All money generated from the EDF goes towards improving projects in the public and private sector which are in need of financial support. These projects include building schools, renovating hospitals, and the creation of a national sports stadium, as well as a variety of other undertakings across numerous industries such as tourism, information technology and agriculture.
Minimum EDF Contribution Requirements
To qualify for Dominican citizenship through the Citizenship by Investment Programme, applicants must make a non-refundable contribution to the EDF.
The cost of the contribution will be determined by the number of dependants included in the application—this refers to anyone who relies on the main applicant as a primary source of income, including children. Spouses, parents or other family members may also qualify.
- US$100,000 (one hundred thousand United States dollars) for the main applicant;
- US$150,000 (one hundred and fifty thousand United States dollars) for the main applicant and spouse;
- US$175,000 (one hundred and seventy-five thousand United States dollars) for the main applicant and up to three dependants;
- US$25,000 (twenty-five thousand United States dollars) for any additional dependant under the age of eighteen;
- US$50,000 (fifty thousand United States dollars) for any additional dependant eighteen years of age or older;
The following fees must be paid in addition to the minimum EDF contribution:
Per application – US$ 1,000
DUE DILIGENCE FEES*
Main applicant – US$ 7,500
Spouse – US$ 4,000
Dependant aged 16 years or above – US$ 4,000
*Enhanced due diligence checks and fees may sometimes be required, depending on the applicant’s current citizenship status, and other personal circumstances.
Certificate of Naturalisation fee – US$ 250 per person
NOTE: ADDITIONAL ‘GOVERNMENT FEES’ ARE NOT REQUIRED BY THOSE APPLYING FOR DOMINICAN CITIZENSHIP WITH AN EDF CONTRIBUTION. THESE FEES ARE ONLY RELEVANT TO APPLICANTS WHO INVEST IN REAL ESTATE.
Mandatory Interview Fees
All applicants aged 16 and over will be subject to an interview fee of US$1,000 per interview.
Enhanced due diligence fees apply to Iranian Applicants and can be viewed here.
Economic Diversification Fund Payment Information
The applicant is responsible for paying the full minimum EDF contribution under the laws and regulations that govern the Dominica CBI Programme. Payments will be made via bank transfer, and any applicable bank charges must also be paid to ensure the Government receives the full EDF contribution amount.
Full minimum EDF contribution amounts are expressed in United States dollars (USD). However, the Government will also accept payments in euros (EUR) and pound sterling (GBP).
IMPORTANT: Any payments in EUR or GBP must be equivalent to or greater than the minimum EDF contribution amount in USD. Any payment that falls below this on the day the payment is processed will be rejected as insufficient.