Real Estate in Dominica
Dominica is one of the many Caribbean countries offering citizenship by investing in interested parties seeking a second passport. The program was launched in 1993 and has been constantly changing since then while Dominic aims to make his program the best.
As seen with the addition of the real estate investment option in 2015 to give investors room to decide. By 2015, investors can make only a non-refundable donation to a government fund.
The constant need to make life easier for their investors and the favorable government policies have set them as an interesting option for people who want to get second passports.
There are two options available to investors; the donation route, which is the cheapest among all countries offering citizenship by investment, and the real estate route. In this guide, you will see how you can get your Dominican passport by investing in real estate.
Advantages of Dominican Citizenship by Investment
Here are the benefits you will receive:
Stable Political Structure
Dominica is a democratic state with elections bringing together leaders. The country has a stable political structure, which translates into more stable financial laws and structures. As a citizen, you will enjoy peaceful transitions and consolidation of laws instead of contradicting laws that can be harmful to businesses.
Paca
Security is an important aspect of human existence and many people are looking for new countries due to the unstable security situation there. However, in Dominica security is excellent along with its low crime rate – one of the lowest in the world. Now you can make your business without fear.
Opportunity To Benefit From The Growing Real Estate Industry
The real estate market in Dominica is constantly growing as more and more people enter the country for both holidays and to stay. The option of real estate investing allows you to take advantage of the growing economy and profit from your investment.
Second Home
Your property can also serve as a vacation home for you and your family. Its beautiful beaches and serene surroundings will only strengthen your love for this island. Dominic provides a place to rest away from the busy western world.
Citizenship by Investing in Real Estate
While the option to donate to the government fund is an attractive option as it is the cheapest in the world, the government has seen the need to give investors another option. An opportunity to help grow the real estate industry while enjoying its benefits.
Since 2015, many investors have taken this path to gain their citizenship, enjoying profits from their investment.
Buying real estate in exchange for citizenship is incomprehensible. You serve the ever-growing tourists visiting the country to see the more than 300 small rivers and hot springs scattered across the island.
What Do You Need for the Real Estate Route?
If you want to get citizenship by investing in real estate, you will need to purchase a government approved property for at least $ 200,000. This can be commercial or private property, but you will need to hold this property for at least 3 years before selling if you are to retain your citizenship.
The government makes it more interesting by adding another clause; if you keep your property for 5 years, you can sell it according to the citizen program by investing. This increases your chances of selling the property whenever you want.
With the way the tourism sector is growing, you may not even want to sell the property after the time has passed.
Additional Fees
There are additional fees you may have to pay in addition to paying for the property.
You will have to pay a government fee of $ 25,000 for the main candidate or $ 35,000 for a family of 4. There is also a processing fee of $ 1,000 for a candidate and a fee to be paid, which varies depending on the nature of your application and the level. of diligence required.
Either way, you’ll get crazy value for your money.
Fine
Real estate is gaining popularity by the day and it’s no surprise that the Dominican government has quickly added that option to its package.
Investors can now have a sense of belonging in their new country by owning real estate that can bring them additional income but still enjoying the benefits that their second passports bring them.
