There are many ways to acquire a second citizenship. The most common routes tend to be through marriage or birth-right, but there’s another a path that many are beginning to consider – citizenship by investment.
What is Citizenship by Investment?
Citizenship by investment refers to the process in which an applicant of honourable standing can make a substantial contribution to the economy of its chosen country. In turn, the host country will grant the applicant citizenship – and thus the passport – of its nation.
The Dominica Programme
The Commonwealth of Dominica, an island in the Lesser Antilles, is known for offering one of the oldest and long-standing economic citizenship programmes in the world. With its longevity and integrity, Dominica has continued to set one of the highest standards in the industry. Dominica has been ranked number 1 for its achievements by the CBI Index published by the Financial Times’ Professional Wealth Management magazine with a high score in affordability, ease of process and due diligence.
However, there’s more to the programme than meets the eye. Joining Dominica’s Global Community comes with a wide range of benefits including the ability to travel visa-free to over 120 countries, including the Schengen Area and key business jurisdictions such as Hong Kong and Singapore. In addition, not only is the citizenship for life but it can also be passed down to generations to come ensuring your future legacy.
For those interested, there are currently two models of investment available. The Economic Diversification Fund (EDF) is focused on channelling investments into the national development of the island. For a single applicant, the minimum investment outlay is US$100,000.
The real estate option provides applicants the opportunity to purchase pre-approved property for a minimum investment of US$200,000.
Thanks to the dedicated Citizenship Unit, the Dominica programme is able to process efficiently applications in less than 4 months.