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Caribbean, News feed Date: 04 July, 2024

Dominica Citizenship by Investment Cost Threshold Change

Dominica Citizenship by Investment Cost Threshold Change

There was a commitment to a general Caribbean Citizenship by Investment price rise. The various Eastern Caribbean States have now communicated their individual increases. On Sunday, June 30th, 2024, we learned of the new Dominica Citizenship by Investment cost thresholds.

Dominica Citizenship by Investment Cost Changes

In line with the MOA signed with Antigua and Barbuda, Dominica, St Kitts and Nevis, and St Lucia, there is a new minimum $200,000 donation to the country’s Economic Development Fund (EDF) to obtain Dominica Citizenship by Investment.

This rises to $250,000 if you include up to 3 qualifying dependants on your application, according to the memo signed by Dominica Citizenship by Investment Unit Director, Marie-Therese Johnson. Any additional dependant under 18 will incur an extra charge of $25,000. If they are over 18, this will amount to $40,000.

There’s no increase to the minimum real-estate investment of $200,000. However, the Government Fees have increased to the following:

  • $75,000 for you
  • $100,000 for you and up to 3 eligible dependants
  • $25,000 for every additional dependant under 18
  • $40,000 for each extra dependant over 18

Due diligence fees remain at $7,500 for you and $4,000 for all dependants 16+. As do processing fees of $1,000 per application and $1,000 interview charges. Finally, a Certificate of Naturalisation still costs $500 for each applicant.

The Latitude View

The Latitude Caribbean Managing Partner is Christopher Willis.

As Willis observes, “Dominica has not increased the real estate investment option and it is actually cheaper than the donation option.”

“Or is it? The memorandum reveals increased Government Fees for those looking to qualify for Dominica citizenship via property purchase. So, it’s always important to look at the final figures rather than the eye-catching ones ending with “from”.”

How much do you need to invest to get Dominica citizenship in 2024?

How to Obtain Dominica Citizenship by Investment in 2024

You have now missed out on securing Dominica Citizenship by Investment for a basic $100,000. But even at double the price, it still represents incredible value as you will discover further by consulting with an investment migration leader such as Latitude Group. So, don’t delay and contact us today.

Dominica Citizenship by Investment Cost Threshold Change

Date: 04 July, 2024

Posted in: Caribbean, News feed