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Dominica Citizenship by Investment Program: A New Update

The Citizenship by Investment Program (CIP) of Dominica is a popular option for those seeking a second citizenship. The program offers a number of benefits, including visa-free travel to over 140 countries, the right to live and work in Dominica, and the ability to pass on citizenship to children. In recent years, the CIP has undergone a number of changes. In 2021, the government of Dominica introduced a new investment option for the program: a contribution to the Economic Diversification Fund (EDF). The EDF is a government fund that supports economic development projects in Dominica. The minimum investment for the EDF option is USD100,000 for a single applicant and USD200,000 for a family of four.

Dominica Citizenship

Dominica Citizenship

The government of Dominica has also made changes to the due diligence process for the CIP. The due diligence process is designed to ensure that applicants are of good character and have no criminal history. The process has been streamlined and made more efficient, and the government has partnered with a number of reputable due diligence firms to conduct the checks.

The CIP of Dominica is a well-established and reputable program. The program has been praised by the Financial Action Task Force (FATF), an international body that sets standards for anti-money laundering and counter-terrorism financing. The FATF has noted that the CIP of Dominica has strong due diligence procedures in place and that the program is not vulnerable to abuse.

If you are interested in obtaining citizenship by investment in Dominica, the CIP is a good option to consider. The program offers a number of benefits, and the government of Dominica has made a number of improvements to the program in recent years.

Dominica

Here are some of the benefits of obtaining citizenship by investment in Dominica:

  • Visa-free travel to over 140 countries
  • The right to live and work in Dominica
  • The ability to pass on citizenship to children
  • No residency requirement
  • A strong economy and high standard of living
  • A beautiful and safe country

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