Dominica is famous for tropical forests, home to 365 rivers, waterfalls and boiling springs and mountains. Dominica has a long running citizenship by investment program granting passport against investment in real estate or just $100,000 to Government fund. Dominica recently won award for the “Best Caribbean Citizenship program 2016, as it is the cheapest real estate investment program in the entire caribbean. Unlike donation option, you wont waste money if you buy a real estate and sell it off in the future.
If you buy a property in Dominica for atleast 200,000 dollars, you automatically qualify for citizenship and passport in Dominica. Foreigners can freely buy land or estate in dominica but keep in mind, that only projects approved by Government, will qualify for citizenship in Dominica. On top of property value, if you decide to apply for citizenship, additional fees also apply (you will see below). The real estate property can be sold off in the market after 3 years and citizenship wont be revoked.
1. Cabrits Resort Kempinski
Luxury hotel by Range developments, with 160 rooms and hideaway resort with breadth taking views and white sand beaches at Douglas bay in Dominica. Investors can buy a share worth $220,000 and qualify for citizenship. This project is estimated to be completed by 2018. For example the total costs for a family of four (husband, wife, 2 children) will come approx $372,800 inclusive of all expenses.
$220,000 (limited share partnership)
2. Tranquility Beach
Tranquillity Beach Dominica by Curio – a collection of Hilton International, and will be a 73-room hotel with various amenities, including a spa, a gym, a restaurant, conference facilities, and more.
Prices start from $200,000
3. Jungle Bay Eco Villas
Jungle bay is leading luxury and eco hotel in Dominica offering new vacation villas to investors under the Dominica Citizenship program (CIP). Jungle Bay villas are sold as individually deeded real estate. Each villa comes with a recorded title that includes 1,000 square feet of land on which the 345 sq ft unit is situated.
Starts from $242,000
4. Secret Bay Villas
Five star vacation resort and honeymoon villas located on the northwest coast of Dominica about 10 minute drive from the city of Portsmouth. The eco luxury villas offer glorious views over the Caribbean Sea and rainforest-covered mountains.
5. Silver Beach Resort
The 200-room, luxury, five-star luxury eco-wellness resort, strategically located on one of the best beaches on the Nature Isle of Dominica. You can purchase shares and full titled houses.
Shares – $220,00, Units: $280,000
6. Bois Cotlette
From the early years of French settlement in the 1720’s, Bois Cotlette, located in the the heart of southern dominica, is one of the oldest surviving estates on Dominica, best preserved example of plantation architecture on the island of over 53 acres, with its French colonial “Maison de Maitre” and buildings for the processing of coffee, sugar, and cocoa.
Prices start from $200,000
Most real estate developers will ask for initial deposit of 10% of the real estate value. You have to pay the necessary fees to launch citizenship application with the government.
The following additional costs must be incurred if you decide to apply for citizenship, Government fee ($50,000 main applicant, $25,000 to include a spouse and $20,000 for children if needed). Other expenses, cost of registering the title deed (7.5% of the sales price), agents fee (varies), due diligence fee of US$7,500 per adult and the application processing fee of US$3,000 (per application).
Government fees for Real estate citizenship
The Following Government Fees Are Applicable Under Real Estate For The Main Applicant And Any Accompanying Dependents:
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Step 1. Sign initial reservation form with real estate developer and pay initial deposit 10% of the real estate price.
Step 2: Initial application and required documents for citizenship through appointed agent. You also have to pay due diligence fees ($7500), and agent fee. Investor will execute sale of purchase agreement and the agent will start citizenship process with Dominica citizenship unit.
Step 3: After 3-4 months, approval letter is given by Government and within 7 days you are required to pay the balance amount for real estate and government fees ($50,000).
Step 4: The proof of ownership is handed over to Government and within 3-4 weeks you will be issued “citizenship certificate”.
Step 5: Using “certificate of citizenship” apply for Dominica passport which takes about 1 week.
Please feel free to contact us for real estate advice, as we specialize in citizenship advisory and real estate in Dominica.
