Dominica is another Caribbean island that has been making a name for itself in the offshore world for the last several years. Its passport is not as travel friendly as St. Kitts, but the costs are much lower.
Officially the Commonwealth of Dominica, this island is in the Lesser Antilles region of the Caribbean Sea, south-southeast of Guadeloupe and northwest of Martinique. Its 290 square miles has a population of about 71,000. Dominica has been nicknamed the “Nature Isle of the Caribbean” and is generally considered one of the most eco-friendly and beautiful islands in the regions.
A second passport from Dominica will cost a family of four (applicant, spouse and two children under 18-years-old) of $200,000, plus $25,000 for each additional child under age 25. With filing, registration and professional fees, applicants can anticipate a total cost of $300,000. In other words, a family of four can obtain economic citizenship and second passports from Dominica for less than the cost of a single passport from St. Kitts.
Dominica offers three options to obtain a second passport:
|Package A: Single Applicant||A non-refundable investment of US$100,000.00|
|Package B: Family Application One (Applicant and spouse)||A non-refundable investment of US$175,000.00|
|Package C: Family Application Two (Applicant plus spouse and two children below the age of 18)||A non-refundable investment of US$200,000.00|
|Package D: Family Application Three (Applicant plus spouse and more than two children below the age of 18)||A non-refundable investment of US$200,000.00 and US$50,000.00 for every additional person below the age of 18|
Dominica’s application and other fees are also significantly lower than St. Kitts.
- Application fee – US$1,000 per investor (Non-refundable)
- Processing Fee – US$200 per applicant (Non-refundable)
- Naturalization Fee – US$550 per applicant
- Stamp Fee – US$15 per applicant
Considering legal and other costs, an individual applying for economic citizenship and a second passport from Dominica should expect to part with about $165,000, including the donation of $100,000. This is about half the fee charged by St. Kitts.
The Dominica passport allows visa-free travel to more than 60 countries, including the United Kingdom and CARICOM nations. Click here for list of visa free countries. Dominica imposes no residency requirements to obtain, nor maintain, citizenship and there are no taxes imposed on citizens who do not reside in Dominica; however, those who do reside in Dominica are subject to substantial taxes on worldwide income.