| Caribbean Passport and Investments |
 |
| |
DOMINICA (RESIDENCY AND PASSPORT)
Dominica's second passport and economic citizenship program provides dual citizenship that allows international travel to most countries. Caribbean Offshore Services offers convenient second passport services to international applicants looking to obtain an offshore second passport or dual citizenship from an offshore jurisdiction. Dominica's program is called the "Economic Citizenship Programme". This programme has resulted in the acquisition of second passports by hundreds of persons all over the world.
.
The principal attractions of the programme are threefold. Firstly a person acquiring Dominican second citizenship through the second passport program has virtually the same rights as a person born in Dominica. Secondly, a second passport from Dominica enables the holder to gain visa free entry into a number of developed countries. Thirdly, because Dominica has a good reputation internationally, holding a Dominican passport does not attract undue travel problems.
The process takes about 2-3 months. Much of the time is taken up by the background checks on the client. These are undertaken by international private investigative agencies on behalf of the Government.
The applicant or, in the case of a family, the head of the household, is required to attend an interview in Dominica. However interviews can be arranged at any other locations the client wishes, but interviews conducted outside of Dominica will be at the applicant's expense.
The “Dominica Economic Citizenship Programme” is meant to give full citizenship to applicants who invest capital in their country. Dominica is an island republic in the Carribean Sea, with the population of just over 70 thousand people. It is a politically and economically secure country, for which the local government is always looking for foreign investment.
There are two options in the” Dominica Economic Citizenship Programme”.
- Single Applicant ( Investment of $120,000 USD required)
- Family Applicant (Investment of $150,000 USD required)
The average processing time is about 3 to 4 months to acquire citizenship and a passport.
Other Benifits of the Dominica Passport Program
Dominca Citizens are all eligible to attend ROSS MEDICAL SCHOOL free of charge. University of Ross is an American University that allows placements in various parts of the US for all its students.
ST. KITS & NEVIS
Citizenship-by-Investment in St. Kitts & Nevis
The Citizenship-by-Investment Program of St .Christopher (St. Kitts) and Nevis was established up in 1984, making it the longest established program of this kind in the world.
The Government of St. Kitts & Nevis utilizes this program to attract investors of good character to make a substantial contribution to the development of the federation. These investors are then given the opportunity to apply for citizenship within the strict guidelines of the law and the relevant regulations.
To qualify for citizenship of St. Kitts & Nevis under its Citizenship-by-Investment Program, the Government requires either an investment in designated real estate with a value of the least US$ 350,000 plus payment of various registrations and other fees, or a contribution to the Sugar Industry Diversification Foundation (a public charity) to the amount of between US$ 200,000 and US$ 400,000 depending on the number of persons included in the application.
With the real-estate option, there are also purchase costs of approximately 10% of the purchase price as well as government fees of US$ 35,000 for a single applicant plus US$ 15,000 for each dependent, plus a US$ 3,500 due diligence fee for each adult included in an application, and processing fees which depend on each case. The real estate cannot be re-sold until 5 years after the purchase, and it will not qualify the next buyer for citizenship.
The best option for St. Kitts & Nevis is the SIDF option.
The Sugar Industry Diversification Foundation (SIDF) option offers four different categories:
A. Single applicant: a non-refundable contribution of US$ 200,000 is required
B. Applicant with up to three dependants (i.e. one spouse and two children below the age of 18): a non-refundable contribution of US$ 250,000 is required
C. Applicant with up to five dependents (i.e. one spouse and four children): a non-refundable contribution of US$ 300,000 is required
D. Applicant with six and more dependants: a non-refundable contribution of US$ 400,000 is required
In each of these categories, the above amounts include all government and due diligence fees, but not processing fees which depend on each case.
For further information regarding these options please contact us directly. |