Dominica is a water locked country situated in the Caribbean Sea. The government of this tax haven country extensively involve foreign investments in real estate.
Immovable property in Dominica has reasonable prices on the world market but the prices of houses and apartments permanently grow. Firstly they rent the purchased real estate to tourists: it brings substantial income at the peak of touristic activity. Later, when the price of immovable property gets higher, the objects are sold.
Foreign investors also receive benefits in scope of taxes: the Republic’s government intends to decrease the value of real estate tax for foreign owners.
Dominica citizenship by investment in real estate
Investment to immovable property of Dominica gives an opportunity to receive citizenship for the foreigners. Dominican Republic citizenship cost is evaluated at 200 thousand dollars for a single applicant and the term of real estate property object withholding equals three years. You can count the exact sum to receive citizenship on the website https://migronis-citizenship.com/dominica
Citizenship of the Commonwealth of Dominica gives foreign investors an opportunity to benefit from privileges of residents of this country:
- no need to pay high taxes on income, property and heritage;
- CIP gives the opportunity to visit at least 137 countries without a visa or with visa received on arrival;
- residents are able to receive long-term visas to Canada and the United States;
- no need to live in Dominica: the Republic acknowledges dual citizenship so you can use Dominica passport as the secondary one;
- Information about citizenship receiving is confidential.
Except for the very investor, the applicant’s parents (in case they are older than 55 years) and children up to 30 years old can also obtain citizenship together with him. The documents for all family members are legalized rather quickly — within 3-5 months. The investor has not any need to be present in the country at the moment of filing of the application.
How much real estates in Dominica cost?
How much real estates in Dominica cost?Investors have an opportunity to wholly purchase villas, apartments and bungalows. Now there are 7 approved real estate projects. The minimum sum of investment is 200 thousand dollars. Also, there exist variants in the center parts of the state. They are good for future rent to the tourists but cost more. For instance, a commodious villa with a swimming pool can cost about 12 million dollars. You can see more detailed variants of real estate by following this https://www.point2homes.com/DO/Real-Estate-Listings.html
The program of receiving Dominica citizenship by investment in real estate is peculiar for a reasonable cost and comfortable conditions of document processing. It is a good variant for businessmen who have a need to travel from country to country frequently and don’t have time for lengthy visa procurement. Loyal taxation gives an opportunity to develop and enhance business more quickly and to change tax residence in the case of an unstable situation in the native country.
