The government of Dominica has made changes to the country’s Citizenship by Investment Program – decreasing the minimum investment and extending the scope of investor’s family.
Now, brothers and sisters of the main applicant (or their spouse) will be able to receive a passport from the Caribbean state. The new rules apply to siblings who are financially dependent on the investor (or their spouse), younger than 25 years of age, unmarried and having no children.
Also, family applicants will have to invest less. The investor spouse’s donation is down from $75,000 to $50,000. In case a family of under four persons seeks Dominican citizenship (main applicant, their spouse and two financially dependent family members excluding brothers and sisters), they will need to invest $175,000 instead of $200,000. The extra charge for siblings under 17 years old will amount to $25,000. Should the siblings be 18 to 25 years old, the extra charge will be set at $50,000 (as a donation to the state fund of Dominica as well as on property purchase).
For example, you aim to arrange a passport not only for yourself but also for the family: a spouse, child, mother and brother of 25 years of age. In this case, you’ll need to make a donation of $225,000 ($175,000 for the family of four and $50,000 for the adult brother). Another option is to invest $85,000 as part of your citizenship application ($35,000 for the family of four and $50,000 for the brother) in addition to a property purchase in Dominica.
For further information or to discuss your personal circumstances in a private consultation, please contact Astons at [email protected].
