Dominican Business Immigration

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Country Profile Summary

Capital

Roseau

Population

10,847,910

Area

751 square kilometer

Official Language

Spanish

Major Religion

Roman Catholic

Form of Government

Parliamentary Democracy

Currency 

Eastern Caribbean Dollar

Exchange Rate

XCD 2.7169 =  USD 1

Global Access

146

Dominican Republic

Country Profile

One of the largest economies in the Latin America and the Caribbean, Dominican Republic is a diverse country, both in terms of demographics, and geographical terrain. It boasts rainforests, highlands and a variety of mangroves, making it one of the popular tourist destinations globally. 

Access to this country opens avenues for business men, looking to broaden their operations and gain global accessibility. It is also an attractive destination that one might want to secure as a second home because of the healthcare and academic facilities available for the families of the new settlers. 

Dominica Economic Citizenship Program

There are two different streams offered by the government through which individuals can apply for Dominican citizenship.

Overview

Donation

Donation

USD 100,000/- (single applicant)

USD 50,000/- (spouse)

USD 175,000/- (family of 4)

USD 50,000/- (per sibling of applicant/spouse, 18 – 25 years)

USD 25,000/- (other relations, 18 – 25 years)

Due diligence fee

USD 7,500/- (main applicant)

USD 4000/- (spouse, per dependent 16+ age)

Application fees

USD 1,000 (per applicant)

Visits required

No

Time to citizenship

4 – 6 months

Citizenship by Donation

In this stream, the Dominican government requires the candidate interested in acquiring the citizenship, to contribute to the Economic Diversification Fund. This fund has been set-up by the government to aide in the overall national development. The fund goes towards projects of public and private sector that require finding. 

Under this stream, an individual can move to the Dominican Republic with their immediate and extended family. The family, after acquisition of citizenship and passport, will be able to enjoy the perks and facilities available to the citizens. The passport will also allow the individuals to travel more easily across the designated countries. 

Citizenship by Investment Program

Overview

Investment in Real Estate

Investment 

USD 200,000+

Holding time

3 – 5 years

Due diligence fee

USD 7,500/- (applicant)

USD 4,000/- (each applicant)

Government fees

USD 25,000/- (single applicant)

USD 35,000/- (family of 4)

USD 50,000/- (family of 6)

USD 70,000/- (family of 

Processing fee

USD 1,000 (per applicant)

Visits required

USD 25,000/- (sibling below 18)

USD 50,000/- (sibling 18 – 25)

Time to citizenship

4 -6 months

To qualify for this program, the applicant must buy and retain a property authorized by the government. It will be incumbent upon the applicant to pay any additional fees related to the transfer of property or bank charges. 

The applicant can bring his family and siblings to the country after depositing the required fees. After acquisition of citizenship, the family can acquire passports as well, and enjoy the perks, same as the citizens of Dominican Republic.