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Citizenship by investment in Dominica

Citizenship by investment in Dominica
Citizenship by investment program of the Commonwealth of Dominica is a direct second citizenship program that allows foreign nationals obtaining second passport by official donation of a prescribed amount or by real estate investment. The program was established in 1991. The processing time for citizenship applications currently ranges from 3 to 4 months. Investment options are as follows.

Advantages of being citizen of Dominica

  1. Visa-free travel to more than 143 countries and territories
  2. As a citizen of Dominica, you can relocate to Dominica or any other CARICOM-country at any time, and as a Commonwealth citizen, you will enjoy special rights and privileges in the United Kingdom and some other countries of the Commonwealth of Nations.
  3. Multiple and dual citizenship is recognized in the Commonwealth of Dominica. There is no need to renounce your previous citizenship and passport after becoming citizen of Dominica. Certain exceptions concern the citizens of those countries that prohibit dual citizenship (e.g., China, Denmark, India, Singapore, Japan, and some others). Interestingly enough, some Chinese people obtain citizenship and passport of Dominica without renouncing their citizenship. This is possible because the Government of Dominica does not report any country about its new citizens.
  4. No global taxation. You are not liable to taxation in Dominica on any income earned outside of Dominica except if you decide to reside in Dominica.
  5. You can use your new passport for banking purposes


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Residency Permits in Cyprus (EU)

Cyprus is very popular among Russian buyers of second home or clients seeking alternative residence. Relocation to Cyprus is very popular among rich Russians due to tax incentives (double-taxation avoidance agreement between Cyprus and Russia and special tax regime for non-domiciled).

Immigration to the Republic of Cyprus
Foreigners may make an application to obtain an Immigration Permit on the basis of based on one of the Categories referred to in Regulation 5 of the Aliens and Immigration Regulations. An Immigration Permit will not be granted to anybody unless the Immigration Control Board recommends to the Minister of Interior that such person belongs to one of the following Categories:

Category A: Persons who intend to work as self-employed in agriculture, cattle breeding, bird breeding or fish culture in the Republic, provided that they have in their possession adequate land or a permit to acquire same, they have fully and freely at their disposal capital of approximately EUR 430,000 and such an employment should not negatively affect the general economy of the Republic.
Category B: Persons who intend to work as self-employed in mining enterprises in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately EUR 350,000 and such an employment should not negatively affect the general economy of the Republic.
Category C: Persons who intend to work as self-employed in a trade or profession in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately EUR 260,000 and such an employment should not affect negatively the general economy of the Republic.
Category D: Persons who intend to work as self-employed in a profession or science in the Republic, provided that they have academic or professional qualifications, for which there is demand in Cyprus. Possession of adequate funds is also necessary.
Category E: Persons who have been offered permanent employment in the Republic, which will not create undue local competition.
Category F (Permanent Residency): Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least EUR 30,000 for a single applicant and additional EUR 5,000 for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. Most applicants come under this Category, the majority of them being pensioners or retired persons.

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Residence in Switzerland on Lump-Sum Taxations Agreement

Switzerland is one of the most attractive countries in the world for immigration and doing business. Relatively low tax rates (in comparison with most EU-countries) make Switzerland one of the best choices for business and private residence. Investors and entrepreneurs as well as persons of independent means would normally have no problem obtaining a residence permit. At the same time foreign investor from non-EU countries should keep in mind that EU-citizens enjoy preferential treatment in terms of obtaining residence permits in Switzerland. In particular, it is practically impossible for owners of small and medium-sized companies (if they are not holders of EU passports) to obtain residency in Switzerland with the right to work. Labour market of Switzerland is protected, and jobs are meant for Swiss citizens, then for EU-citizens, and only if are a really big expert in some area and can fulfill unique job duties, only then you can count on getting Permit B with a right to be gainfully occupied in Switzerland. read more


Investment Programs in Comparison

“Elma Global” is one of the leading companies in the world in the sphere of relocation, and acquiring various immigration statuses: temporary residence permits, permanent residencies, second citizenship and second passports. The main offices are located in Moscow and Ukraine. Also, we have a vast network of business partners in the most attractive jurisdictions of the world (Canada, USA, United Kingdom, Switzerland, Bulgaria, Cyprus, Malta, Hong Kong, Singapore and some other countries). Below you can find our analysis of the most attractive investment programs of the world. read more


Questions on Multiple Citizenship

Question: Could you please help me regarding my citizenship? I am Brazilian born, with Portuguese citizenship. I am living in England for 5 years and qualify to apply for citizenship there also. Does UK government allow up to 3 citizenships? Or do I have to disclaim one of them?
Answer: You can have triple citizenship, no problem. All the three countries recognize multiple citizenship.

Question: I have a question regarding multiple citizenship. I was born in Russia and have moved to USA in my 20s. I have met my husband there who holds dual citizenship (French/ USA). We were married for 3 years now and starting next year or so I’m planning to apply for American citizenship. First, due to the conflict in Ukraine would it be possible for me to keep both Russian (at birth) and American (by marriage) citizenships? In addition, having in mind that my husband has dual (French/American) citizenship, does it let me the right to apply for a French citizenship? We have visited France recently and thinking of moving there for good. Is it easier to have only permanent resident status of both USA and France countries to be able to visit any time we want and to possibly avoid taxes? Or having green card in one country would automatically prevent me from getting a green card in another country?
Answer: There is no problem with having simultaneously three citizenships and passports. All the three countries (Russia, US, and France) allow dual citizenship in case you are not governmental official of high level, judge, or police officer. You can get French citizenship if you are married to French citizen for at least 1 year; no need of physical presence in the country as a condition to apply for citizenship in case of application by marriage. read more



Pay a special attention to the following publications:
Antigua & Barbuda | Saint-Kitts & Nevis | Vanuatu | Malta | Investment Programs in Comparison
 
 
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