Dominica Citizenship by Investment Cost Threshold Revision

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We have kept you informed about the Caribbean Citizenship by Investment price increases that established a minimum $200,000 limit. Yet there is variety in the expense of the 5 Caribbean CBI Programmes. For example, there are new Dominica Citizenship by Investment cost thresholds.

Dominica Citizenship by Investment Cost Developments

The Dominica Citizenship by Investment Unit Director is Marie-Therese Johnson. On Sunday, June 30, 2024, she sent out a memo titled Dominica CBI Programme Changes to Minimum Investment Thresholds.  This establishes a new minimum $200,000 donation to the country’s Economic Development Fund (EDF) to guarantee Dominica Citizenship by Investment.

This figure goes up to $250,000 when you add up to 3 eligible dependants to your application. Any extra dependant under 18 will trigger a further charge of $25,000. If dependants are over 18, this will rise to $40,000.

There’s no change to the minimum real-estate investment of $200,000. Although there are the new following Government Fees:

• $75,000 for you as a solo applicant
• $100,000 for you and up to 3 qualifying dependants
• $25,000 for every extra dependant under 18
• $40,000 for each additional dependant over 18

Due diligence fees stay at $7,500 for you ($25,000 if you’re Iranian) and $4,000 ($15,000) for all dependants 16 and over. Processing fees likewise remain $1,000 per application and interview costs continue to be $1,000. Lastly, a Certificate of Naturalisation stays fixed at $500 per applicant.

The RIF Trust Opinion

Leila Bagheri is our Caribbean Citizenship by Investment expert. She says missing the boat for Dominica citizenship at the reduced price of $100,000 shouldn’t deter you from applying. As Bagheri expands, “This citizenship programme still allows you to apply for a Dominica passport.”

“This will enhance your global mobility. With this travel document to hand, you’ll be able to access 153 visa-free destinations. Whether you’re touring the world for business or pleasure, you’ll be able to do it with a greater ease.”

How to Invest in Dominica Citizenship in 2024

You now know the extra costs involved for Dominica Citizenship by Investment. But to understand the programme in even greater detail, you should talk with an investment migration specialist like RIF Trust. So, contact us now to find out how we can help you.