Dominica Citizenship By Investment Programme Regulations Update
15 September 2022
The Government of Dominica announced changes to its Citizenship by Investment Programme (CIP) through a set of regulatory amendments published on the 15th of August, 2022.
The changes redefine the parameters of who constitutes a qualifying dependent under the CIP and also adjust the fee structure. The changes will come into full effect on the 15th of September, 2022.
These new regulations add more detailed requirements for adult financially-dependent children, while also removing siblings, adopted siblings, and parents or grandparents below the age of 65 as qualifying dependents.
Eligible dependants are now considered as follows:
- The spouse of the main applicant
- A child of the main applicant or spouse under 18 years of age
- A financially dependant child of the main applicant or the spouse between 18 and 30 years who is in attendance at a recognised institution of higher learning and substantially supported by the main applicant or the spouse
- An unmarried daughter of the main applicant or the spouse who is under 25 years of age and is living with and fully supported by the main applicant or their spouse
- A child of the main applicant or the spouse of the main applicant who is 18 years of age or older and physically or mentally challenged and who is substantially supported by the main applicant or their spouse
- The parents or grandparents of the main applicant or their spouse aged 65 and above who are substantially supported by the main applicant or the spouse
In terms of the fees, the Government of Dominica has not changed any of the investment thresholds for either the real estate or the Economic Diversification Fund (EDF) contribution options. The changes only affect the government fees associated with each investment option.
Under the real estate option, the new government fee structure is as follows:
- $25,000 for the main applicant
- $35,000for the main applicant and up to three dependents
- $50,000 for the main applicant and up to five dependants
- $25,000 for any additional qualified dependant
Only families with a composition higher than six people are affected by the change, as previously, a family of seven or more would cost $70,000 in government fees.
For example, a family of nine under the old regulations would pay $70,000 in government fees under the real estate option, but under the new requirements, the fee becomes $125,000 ($50,000 + $25,000*3).
The Government has changed the fee structure under the EDF contribution option to become:
- US$100,000 for the main applicant
- US$150,000 for the main applicant and spouse
- US$175,000 for the main applicant and up to three dependents
- US$25,000 for any additional dependant under the age of 18
- US$50,000 for any additional dependant 18 years of age or older
The main change for the EDF government fee structure concerns any additional dependents after the third, as previously, any dependent would incur a government fee of $50,000, regardless of age.
However, under the new regulations, government fees for dependent children below 18 have been reduced to $25,000, while the amount remains the same for adult dependent children.
The changes, while not significant to the overall structure of the CIP, allow applicants to intricately consider their preferred investment options depending on their family composition and the age of their dependent children.
Looking to Add Your Siblings?
For main applicants still looking to add their siblings, St Kitts and Nevis, Grenada, St Lucia and Antigua and Barbuda still allow for siblings to be included in an application and vary with their qualifying criteria.
Antigua and Barbuda, St Lucia and Grenada do not require the sibling to be financially dependent on the main applicant, whereas St Kitts and Nevis do.
The maximum age for siblings allowed in St Lucia is 18 years of age, in Dominica is 25 years of age, and in St Kitts and Nevis is 30. Grenada and Antigua do not have any maximum age restrictions.
Dominica's CIP, the second-longest running programme of this nature, continues to garner extensive demand from high-net-worth individuals throughout the globe.
For more information regarding Dominica's CIP, contact us today to book a free, comprehensive consultation with one of our second citizenship experts.