{"id":22621,"date":"2020-10-20T08:00:00","date_gmt":"2020-10-20T13:00:00","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=22621"},"modified":"2020-12-06T18:32:11","modified_gmt":"2020-12-06T23:32:11","slug":"getting-residency-in-dominica","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/getting-residency-in-dominica\/","title":{"rendered":"Getting Residency In Dominica"},"content":{"rendered":"

Getting Residency In Dominica<\/strong><\/h2>\n

The Caribbean has many government programs to promote foreign investment<\/a>. Several countries offer attractive tax incentives to companies willing to choose the Caribbean as the home base for their company. <\/span><\/p>\n

Some government programs include obtaining a second passport if you invest a certain amount of money. One of the countries in the Caribbean with a highly desired and easy to get a second passport program in Dominica<\/a>. <\/span><\/p>\n

Handpicked Related Content: How To Obtain Citizenship In Dominica<\/strong><\/em><\/a><\/p>\n

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A Cheaper Investment<\/strong><\/h2>\n

Dominica has been welcoming many American investors as of late thanks to its cheap investment programs which guarantees a second passport to anybody who makes a significant investment in the country\u2019s economy. <\/span><\/p>\n

The citizenship by investment program in Dominica is definitely less expensive than those of Europe and the requirements are much smaller. American retirees are beginning to take note of this and are flooding the island in packs. <\/span><\/p>\n

The immigration process does not get easier than what Dominica has to offer, and becoming a permanent residency is fast if you compare them to other countries. There are a number of ways in which you can become a resident or citizen of Dominica. <\/span><\/p>\n

Even though Dominica is a gorgeous tropical paradise<\/a>, the great thing about citizenship by investment is that you don\u2019t have to be in Dominica to qualify, you just need to pay the fee or make the investment. This can be done by a third party, as long as it is under your name. <\/span><\/p>\n

Handpicked Related Content: Why Dominica Should Be Your Next Destination<\/strong><\/em><\/a><\/p>\n

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Obtaining A Second Passport<\/strong><\/h3>\n

Dominica has the cheapest second passport program in the Caribbean<\/a>. In order to obtain a second passport, you just have to make an investment of $100,000 dollars. Much cheaper than any other island in the Caribbean or any country in Europe. <\/span><\/p>\n

The two investment options that you have when investing in Dominica are making a donation to the government or buying real estate in the country. If you buy real estate you must prove that you have the income to maintain it.<\/span><\/p>\n

The real estate investment needs to be approved by the government and the minimum investment is of $200,000. The application fee is $50,000 plus $25,000 for your wife and each dependant under 18 years of age. <\/span><\/p>\n

If your investment is approved then you get a second passport and can maintain your American one. <\/span><\/p>\n

Handpicked Related Content: How To Get A Second Passport By The End Of 2020<\/strong><\/em><\/a><\/p>\n

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Becoming A Permanent Resident<\/strong><\/h3>\n

If you don\u2019t wish for a second passport and much rather be a permanent resident then you what you have to do request a form of application and include the following documents:<\/span><\/p>\n