If you ever been to Dominica then you would realize how beautiful the place is and it is said to be one of the best islands of the Caribbean Sea. Besides the beauty of the place, there is something more to the place and that is the encouragement of high net worth of individuals of the island and this whole thing has been proposed by the government of the place. The proposal allows for some individuals, professionals, as well as, families able to get Dominica citizenship just by investing in real estate and this whole thing started in 1993 at the time of the launch of such a proposal. You would be amazed to know the fact that this citizenship is one of the oldest investment-related citizenship in the world which means a lot and this fact make the scheme more promising to all. Many people get confused by the Commonwealth of Dominica and Dominica but the confusion needs to be set apart as these are two different countries having different rules and specific schemes and proposals. If you are wondering about in-depth information about the citizenship program of Dominica then here Here are all details about the scheme that you need to check out:
A pioneering program:
Believe it or not but back then when the program had started no other such program was there and that is the reason that this program attracted too many people around the globe and people back then when they knew almost nothing about the program they were also interested in such investment which can actually tell how much popularity this scheme got back then. The idea of this program was not because of any basic ideology of attracted people towards it instead it was done to empower the island so that it could be counted among the developed countries. We cannot really say about the listing of the developed countries but we can clearly see how this scheme has developed this island. This island got independent back then in 1978 and as expected it was really hard for a newly independent country to standout or even survive for long without getting needed investment and here is how this investment scheme started. Another thing was that the place is not like any other country rather it is an island so getting resources was really hard and as there was not much production so the preserved resources started getting near to extinction so it was a really hard time for the country and they had to deal with it. This plan actually supported the country as people from other countries started investing on the island and in return, there are so many things that the investors were offered and nature was the first thing that anyone would enjoy in this island along with other aspects.
How the investment scheme goes like?
As you already know about the existence of this act of investment in real estate to gather Dominica citizenship so this act was not just a casual one rather it was decided by the government of the place and this was the biggest successful move back then in 1993. Now of course it is an investment program so before enjoying any facility you have to invest a lot and a lot here means literally quite a bit of investment however the benefits are also very huge so they intended to focus on people who are versatile when it comes to economy and so rich people around the globe were invited and ask to invest so that they can enjoy the benefits later on. The idea of this scheme was so popular that people on the island even started to take up loans and sell all their properties to invest on which signifies how beneficial the outcome was of these schemes. People interested in the scheme have to invest a huge amount of about $100,000 in the scheme however if someone wants to have superior benefits and higher outcomes then the investment can be $200,000 or even more. These investments of funds actually get Dominica approved real estate really easily with few steps. Apart from the attractive return of investment, these funds also served people with increasing the net worth of them and that is the reason already famous as well as rich people loved this scheme so that their net worth could get increased easily without any such hard work. You would not even have to be in this country for generating money from your properties over there which makes it the best option of investment.
Features of Dominica real estate investment that attracted investors the most:
When we talk about key features the first thing that any investor would search is that whether or not this scheme allows people to have dual citizenship otherwise things can get complicated but thankfully there is the chance where people can actually enjoy the citizenship of two specific countries that would include Dominica and your original birthplace.
This application takes hardly 13 weeks or so to get approved and once the application has been submitted after clearing all the dues of the investment, the application gets processed and after the process would be completed the person who has invested would be able to enjoy the citizenship of the island which is a great thing for sure.
The process is smooth and would not require many things other than the investment but there is very strict verification against the investor as well as the family of the person investing and mainly it is being checked whether or not there is any legal case against any of the family member of the investor.
After all the processing and verifications, the person would receive an official consent letter from the government of the country which would specify that the application has been accepted and from now on the investor is the official citizen of the Dominica country.
Dominica approved real estate takes about 20 weeks for the investor to receive the passport so that he can be in the country and till date, this seems to be the fastest processing of passport which is a great thing for sure. The best thing here about this passport is that it would let you fly over 90 countries without a visa.
Apart from all, there are so many other benefits of gaining the membership of this island country of the Caribbean Sea which is a great thing.
These were everything that you need to know about the real estate investment for the citizenship of the island country Dominica of the Caribbean Sea.