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October 5, 2017

Dominica Makes Further Changes to Their Citizenship by Investment Programme

Posted by:
Elevay Global

Source: Dominica Citizenship by Investment Unit Official Site

The Dominica Citizenship Programme is continuing the make changes and reductions to enhance their competitiveness. This current set of changes are effective immediately and will last until March 31, 2018. Also, please note that there has been no change to the required investment amounts.

1. Age of Child Dependants

The maximum age of qualifying child dependants has been increased to thirty years. Dependent children between the ages of 18-30 are defined as a child of the main applicant or his or her spouse who is in full-time attendance at a recognized institution of higher learning and is fully supported by the main applicant. In addition, an unmarried daughter of the main applicant who is aged thirty or under, living with and fully supported by the main applicant would also qualify.

2. Age of Parent of Grandparent Dependants

The minimum age for a qualifying dependent parent has been changed to 55. Also, any parent or grandparent of the main applicant or his or her spouse aged fifty-five or over, living with and fully supported by the main applicant, as well as the spouse of any such parent or grandparent, irrespective of that spouse’s age, can be included in the application.

3. Child Born After Approval in Principle

Children not more than five years of age and who was born to the applicant after citizenship has been obtained, may be approved for citizenship as well. A processing fee of US$500 applies.

4. Due Diligence Fee for Spouses

The due diligence fee for spouses has been decreased from $7,500 to $4,000. This matches the fees for all other dependents aged 16+ whom are included in the application.

5. Processing Fee

The US$3,000 processing fee is reduced to US$1,000 for the submission of applications under the Citizenship by Investment Programme.

6. Certificate of Naturalization Fee

The Certificate of Naturalization Fee is reduced from US$750 per certificate to US$250 per certificate.

7. Adding a Dependant Prior to Approval in Principle

The main applicant may request for a qualifying dependant to be included in an application that has already been submitted to the Citizenship by Investment Unit, but that has yet to be approved in principle. The request shall be granted by the Citizenship by Investment Unit so long as all relevant fees are properly paid, and so long as, where necessary, forms and investment thresholds are amended to include the new dependant. The Citizenship by Investment Unit reserves the right to deny an application on the basis that the added dependant does not pass its due diligence checks.

8. Removing a Dependant After Approval in Principle but Prior to Payment of the Investment

The main applicant may request for a dependant who was approved in principle as part of his or her application for citizenship by investment to be removed from that application, so long as the request is submitted in writing to the Citizenship by Investment Unit prior to the full payment of the investment. The Citizenship by Investment Unit shall review the request and, upon its discretion, determine whether to remove the dependant from the application. The main applicant will receive no reimbursement of fees, including any due diligence or processing fee, as a result of the removal of a dependant from his or her application.

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