Today, more and more people want to establish ties with a small island, seeking a comfortable life in a favorable climate and political stability. Dominica second citizenship for Americans provides all the rights and maximum benefits to ensure that they can be confident in their future, as well as the well-being of their children. The country offers its document holders everything they need for comfortable living and doing business.
Due to the huge popularity of this hot country among those who want to change their lives, Dominica citizenship by investment is one of the most demanded projects. It is pretty famous in the United States, as more and more Americans do not mind getting the right to permanent residence in one of the most picturesque corners of the world. There are quite a lot of reasons for this. We will talk about the benefits of the new passport and how to obtain it in detail in the following parts of the review.
Benefits of obtaining Dominica passport for Americans
Getting the right to permanent residence in this country has several significant advantages. According to the leading expert of Imin Caribbean Acyr Jardim, the most important among them are:
- possibility to visit most countries in Europe and Asia without issuing an invitation;
- permission to stay in the U.S. for 10 years, 180 days annually;
- the ability to leave Dominica without difficulty in case of unforeseen situations;
- flexible, loyal tax policy – no taxes on dividends, inheritance, and financial gains for the citizens of the country;
- a chance to live in a country with ideal conditions and many interesting and attractive places;
- quick realization of rights – recipients of Dominica passport by investment for US citizens do not need to be in the country during documentation or after citizenship recognition, as well as to know the language;
- possibility to have a second passport;
- accessibility of the program not only for the participant himself, but also for his family members.
The listed advantages are strong enough to make the final decision to move to Dominica.
Ways to get dual citizenship in Dominica for US Citizens
The offer for those who wish to live permanently on the territory of this island nation with all rights is extremely popular in the USA. How to get Dominica passport? There are two quick ways:
- purchase of real estate in the country for the sum of 200 thousand dollars or more;
- contribution of 100 thousand dollars in favor of the state.
Investing in real estate gives you eligibility to sell it in 3 years and get back the money you spent earlier. The time that the candidate must wait for the right to sell is the shortest compared to other Caribbean countries offering CBI. The program participant is also able to invite his wife or husband, parents and children into the program. The candidate has the right not to be in Dominica while fulfilling the program requirements. If he wishes to sell the purchased apartments to another CBI participant, he will have to wait for 5 years.
Requirements for americans to get Dominica second passport
The requirements for participants of the procedure are quite loyal. As indicated by Imin Caribbean Agency specialist Acyr Jardim, a candidate who has decided to make an investment to obtain residency must meet the following conditions:
- be at least 18 years old;
- have no criminal record and not under investigation;
- possess a legitimate income;
- do not have serious health problems.
The investor’s adult children who are under 30 years old and financially dependent on the investor may also participate in the project. In addition, a participant’s parents who are over 65 years and who depend fully or partially on the investor’s income can also invest for citizenship. Brothers and sisters of the principal applicant who are under 25 years and unmarried will be able to obtain Dominica nationality as American citizens. The financial dependence of all relatives must be proven. Otherwise, they will not be able to apply for a residence document.
Conclusion
Obtaining Dominica citizenship through an investment program is a simple and straightforward way. Using such a unique opportunity, any wealthy citizen of the U.S. or other participating country has a chance to significantly expand his travel opportunities, avoid entry restrictions, as well as receive significant tax benefits.
According to Acyr Jardim (Imin Caribbean Agency), such projects generally promote international business cooperation. Thanks to them, markets become more open and tourism and cultural exchange are intensively developed.
The whole path of acquiring residency takes applicants no more than 2-6 months. In addition to the above benefits, new citizens of Dominica will have the opportunity to open an account in the financial institutions of the country under a simplified procedure – without insurance and a lease agreement. They will be spared from additional fees and charges and currency monitoring.
You will avoid misunderstandings if you contact specialists in this field. Professional support is a guarantee of excellent results in the shortest possible time. Additionally, you save money and your own nerves. Make up your mind and get a lucky ticket to a new life!