Dual Citizenship
Aurion Business Consultants provide confidential professional consultation to high networth individuals, who are looking for possibility to obtain the Second Passport and Dual Citizenship by way of Citizenship By Investment (CBI).
Citizenship-by-Investment programme offers you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life.
We have an extensive network of partners and agents who are certified by the respective government to promote Citizenship by Investment programs and provide all required assistance for securing citizenship for the investor.
Citizenship by Investment
Few countries in the world offer Citizenship by Investment to the investors who support the Government funds, real-estate infrastructure, and make other investments in the country. Countries that currently offer Citizenship by Investment are Austria, Antigua and Barbuda, Vanuatu, Cyprus, Dominica, Grenada, Malta, and St. Kitts and Nevis.
Citizenship By Investment Program – Common Wealth of Dominica
Citizenship by Investment Dominica
The Second Citizenship Program from the Caribbean Island Nation of Dominica allows individuals from around the world to apply for a Second Passport. The Second Citizenship will be issued within a span of 3 to 4 months. The Commonwealth of Dominica passport provides visa-free travel to the European region, and Visa on arrivals to more than 115 countries. The Dual Citizenship option further provides flexibility in holding dual nationality and the investor need not renounce their existing citizenship.
There is no physical residency requirement and also no language test or any business background to apply for the Second Passport program. The Commonwealth of Dominica offers one of the cheapest Citizenship By Investment programs in the world for an individual. Commonwealth of Dominica offers the perfect residency option for the investor to live, work, and settle in the country. It has beautiful landscapes, a lifestyle, safety, and favorable taxes.
Pathways to Second Passport from Commonwealth of Dominica
There are two ways to obtain a Second Passport from the Commonwealth of Dominica
1. Citizenship by Investment in Real Estate
To qualify for Citizenship by Investment through the Real Estate pathway, the investor must purchase an approved real estate project in the country for at least USD 200,000 and maintain the ownership for at least three years. After five years, the investor has a provision to sell the real estate and still retain their Citizenship. Mostly, the real estate will be five-star hotel properties offered under fractional ownership. The real estate projects are approved units from the Dominica Citizenship by Investment Unit (CBIU). They are the governing body that oversees the administration of Dominica’s Citizenship Program.
Government Approved Registered Agents will be coordinating the purchase of real estate and facilitate the Second Citizenship program. The application form along with a set of supporting documents stating the identity of the investor must be provided for verification. After the verification process, the initial deposit of 10% towards the property must be initiated and within seven days the remaining amount. The Ownership Certificate will be ready. This is one of the easiest pathways to obtaining a Second Citizenship.
2. Investment in Government Bonds [Dominica Economic Diversification Fund Contribution]
The Dominica Economic Diversification Fund is to finance the public and private sector projects in the country. It includes the construction of Government hospitals, schools, the National Sports Stadium, and many more. To qualify for the Second Citizenship in Dominica, a minimum of USD 100,000 must be contributed to the Dominica Economic Diversification Fund. Along with that, there is a processing fee for the application submission and passport printing.
There is a 30-day window to pay the complete amount of the donation to the government. The CBIU will issue an initial approval letter for making the payment. The applicant must pass all the due diligence and receive conditional approval from CBIU to initiate the payment. The amount will be in an escrow account at the National Commercial Bank of Dominica. After the oath-taking, signing before a Notary public and receiving all government documents, passports, etc., by the applicant and their family; the money will be passed on to the Government funds.
How to Get Second Citizenship from the Commonwealth of Dominica?
The process of Second Citizenship in the Commonwealth of Dominica is straightforward. The authorized Agents of the Caribbean Economic Citizenship Program will apply directly to the Dominica Citizenship by Investment Unit (CBIU) and conduct all the due diligence of the investor. Then, the agent will submit the application form and also handle the investment pathways, other documentation, validation, and legal translation (if required) into English. Depending on the investment – Government Bonds or Real Estate, the process of collecting funds, arranging the property sale deed, etc., will be coordinated by the agent on behalf of the investor.
The Authorized agent will coordinate with the Government of Dominica in all Citizenship application-related matters and ensure the investor’s application is progressing the right way. There is no physical presence of the investor to complete the whole process of the Second Citizenship from Dominica. After document verification and processing of the application (approx. 60 to 90 days), the government will issue an initial approval and then notarize the Oath of Allegiance to the Ministry of Foreign Affairs, Immigration, and Labour. Post-approval of the application, the investor will be issued a Certificate of Naturalization and Dominica Passport within 7 working days.
Citizenship by Investment Programs of Cyprus, Dominica, and St. Kitts & Nevis
Citizenship by Investment programs offers you the opportunity to legally secure new citizenship in a fast-tracked way that usually requires more than 10 plus years. Also, without any disruption to your regular life.
Most countries have the provision that allows the Government to grant citizenship in return of a sizeable investment to the government funds, real-estate, business sectors, and more.
Depending on the respective governments several countries have investment programs in a place tailor-made for foreign investors in return for citizenship.
Citizen by Investment Options
The Citizen by investment programs has well-defined legal support procedures and residency process in place. All the programs are strategically designed by the government authorities to attract much-needed foreign direct investment.
Countries use these funds in the infrastructure development projects of the nation, create jobs and opportunities for business growth in the country.
Comparison Between Various Citizen by Investment Programs
| Region | Caribbean | ||
|---|---|---|---|
| Country | SAINT LUCIA | Common Wealth of Dominica | St. Kitts & Nevis |
| Highlights | |||
| Capital City | Castries | Roseau | Basseterre |
| Time Zone | Eastern Caribbean Time Zone (UTC-04:00 | Eastern Caribbean Time Zone (UTC-04:00) | Eastern Caribbean Time Zone (UTC-04:00) |
| Languages | English, French | English, French | English |
| Currency | East Caribbean Dollar $ | East Caribbean Dollar $ | East Caribbean Dollar $ |
| Schengen/EU Travel | EU travel – No restrictions | EU travel – No restrictions | EU travel – No restrictions |
| Nearest Country | Martinique | Martinique | Montserrat & Guadeloupe |
| Eligibility Criteria | |||
| Nationalities | EU & Non-EU | EU & Non-EU | EU & Non-EU |
| Ineligible Nationalities | Russia & Belarus | N/A | Iran, North Korea, Sudan, Afghanistan |
| Investment Model | Property or Contribution or Bonds | Contribution or Investment | Contribution or Investment |
| Asset Type | Government Bonds & Real Estate | Contribution or Property | Property or Contribution |
| Contribution to Government Fund | USD $140,000 | USD $100,000 | USD $250,000 |
| Government Bonds | Yes | Nil | Nil |
| Real Estate | USD $300,000 | USD $200,000 | USD $400,000 |
| Other investment | Nil | Nil | Nil |
| Sponsorship Eligibility | |||
| Spouse | Yes | Yes | Yes |
| Parents | Yes > 55 Years | Yes > 55 Years | Yes > 55 years |
| Children | Up to 30 Years | Up to 28 Years | Up to 30 Years |
| Physical Residence | No physical stay requirement | No physical stay requirement | No physical stay requirement |
| Benefits | |||
| Residence Rights | Right to reside & work in Saint Lucia | Right to reside & work in Dominica | Right to reside & work in St Kitts & Nevis |
| Tax | Favorable tax regime | Favorable tax regime | Favorable tax regime |
| Schengen Membership | 145 Visa-free destinations inc UK, EU | Visa-free travel to EU countries | Visa-free travel to EU countries |
| Dual Citizenship | Dual Citizenship allowed | Dual Citizenship allowed | Dual Citizenship allowed |
| Visa-Free Countries | 145 Visa-Free Destinations | 113 Visa-free destinations | 131 Visa-free destinations |
| Citizenship Process | |||
| Minimum Residency | No minimum stay requirement | No minimum stay requirement | No minimum stay requirement |
| Time to residency | N/A | N/A | N/A |
| Total time for passport issuance | Approx. 3-4 Months | Approx. 3-4 months |
Approx. 2-3 months |
Benefits of Second Citizenship?
There are many benefits to investing in a second citizenship. From personal safety to increased global mobility, it opens up new business opportunities for the high net worth individuals.
- It acts as lifetime insurance at the event of any political unrest in the home country. It offers a sense of security and a new range of opportunities in a different part of the world.
- Travel around the world with visa-free status and minimum paper works
- Advantageous for tax optimization purposes. Leverage benefits of double taxation avoidance agreements
- Take your family around to new parts of the world easily
- Provide world-class education to children at domestic fees and enjoy a higher quality of life
- Expand the business network to new parts of the world
Requirements For Second Passport
The requirements for citizenship by Investment differs across countries. While some countries require medical examination and proof of good health, others don’t require it.
However, some requirements are common across all such programs:
- Have a clean criminal record
- Produce the legal source of investment funds
- Invest in one of the government-approved options such as real estate, government bonds or National Economic Fund
All the requirements must be met to approve the citizenship application. Have a detailed read at the specific requirements for the desired countries Citizen program.
Talk to our expert Business Consultants to know more about requirements of Second Passport.
The second Passport – Obtaining Dual Citizenship by Investment
Several countries offer ‘Citizenship by Investment’ programs where investment is made in real estate and government funds of the particular country. Channeling investments to real estate and Government funds can get you a second passport, and become the Tax Resident in the country.
With the current situation of Pandemic, many countries are relaxing their respective investment-cum-citizenship criteria’s to attract more foreign investment and revive the economy. Here is a list of ‘Citizenship by Investment’ programs and the level of investment required to obtain a Second Passport.
| Country/Region | Approx. Investment Amount | Details |
|---|---|---|
| Thailand | USD 3000 (AED 11,019) for a Year | Thailand offers a residence visa for foreigners for 1 year. |
| Saint Lucia | USD 100,000 (AED 367,000) – Government Fund, or, USD 300,000 ( AED 1.1 million) – Real Estate | Investment In the form of donations to the National Economic Fund or Real Estate Investment |
| Dominica | USD 100,000 (AED 367,000) – National Transformation Fund, or, USD 200,000 ( AED 734,600) –Real Estate | Investment in the form of donations to National Transformation Fund or Real Estate Investment |
| Moldova | Minimum EUR 100,000 ( AED 622,000) for Single Applicant | A Minimum of EUR 100,000 Non-Refundable Deposit to the Public Investment Fund (PIF) |
| Latvia | Minimum USD 333,000 ( AED 1.2 million) | A Minimum of USD 333,000 for 5 years in a Credit Institution |
| Cambodia | USD 245,230 (AED 900,729) | Donation towards ‘Restoring and Rebuilding it’s Economy’ |
| Turkey | USD 250,000 (AED 918,250) | Property Purchase and Other Investments in Turkey |
| Greece | EUR 250,000 (AED 1 million) | Property Purchase in Greece |
| Portugal | EUR 500,000 ( AED 2 million) | Property Purchase to get ‘Gold Visa’ |
How Aurion Assist you?
Our team of experts will simplify the steps and assist you in choosing the right program based on your business requirement, business experience, family sponsorship, budget, investment portfolio, & other criteria requirements. We assess all your investor requirements in detail and match the prospective Citizenship program. Our team will handhold you throughout the residence program paper works and secure your citizenship at the earliest.
Talk to our expert Business Consultants to know more about the various Citizenship by Investment programs. Our Second Citizenship Consultants have good and trustful connections in each of the country and could advise you the most appropriate country as per your requirements and budget. We are building the easiest way structure and making the process less expensive and hassle-free.
