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The Dominica Citizenship by Investment Programme is administered by the Citizenship by Investment Unit, [151] a Government office established under section three of the 2014 Regulations. [152] The Citizenship by Investment Unit, commonly known as the Unit or the CBIU, processes all applications for citizenship by investment, and commissions due ...
There is also, currently a program in Dominica for acquiring nationality by investment. [4] Nationality establishes one's international identity as a member of a sovereign nation. [ 5 ] Though it is not synonymous with citizenship , for rights granted under domestic law for domestic purposes, the United Kingdom , and thus the commonwealth, have ...
Citizenship by investment programs enable the applicant to rapidly obtain citizenship with no required residence period, or only a short nominal period measured in days or weeks. These are often known as "golden passports" or "cash-for-passport" programs, offering visa-free travel and possible tax advantages.
The level of investment required also varies between countries and programs. For example, Caribbean citizenship-by-investment programs require less of an investment than those programs in the EU. In Dominica the minimum investment required is USD $200,000 [7] and St. Kitts and Nevis the minimum investment required is USD $250,000 [25]
Visa requirements for Dominican citizens are administrative entry restrictions imposed by the authorities of foreign states on citizens of Dominica.As of February 2025, Dominica citizens had visa-free or visa on arrival access (including eTAs) to many countries and territories, ranking the Dominican passport 31st in the world in terms of travel freedom to 144 Countries, according to the Henley ...
The mandate of the FSU stems from the FSU Act which gives it responsibility to monitor financial institutions operating in Dominica, take action against persons carrying on unlicensed financial services business, supervise licensees in accordance with the FSU Act and the financial services enactments, and administer the financial services enactments or any other relevant enactments.
Naturalization (or naturalisation) is the legal act or process by which a non-national of a country acquires the nationality of that country after birth. [1] The definition of naturalization by the International Organization for Migration of the United Nations excludes citizenship that is automatically acquired (e.g. at birth) or is acquired by declaration.
The economy of Dominica is reliant upon agriculture, particularly bananas, with the financial services industry and citizenship by investment scheme [6] becoming increasingly the island's largest source of income. Banana production employs, directly or indirectly, upwards of one-third of the work force. This sector is highly vulnerable to ...