Dominica has a biometric passport in place now which will benefit also their citizenship by investment applicants. This is a welcome initiative as it will mitigate the risks of passports being falsified and further protects Dominica’s borders. The Dominica citizenship by investment programme is one of the most popular – current investor migrants now have the option to renew their passport for a biometric one if they chose to.
Dominica’s Citizenship by Investment program
Dominica has one of the world’s most successful citizenship by investment programmes and grants foreign investors the right to travel visa free, as well as live and work in a Caribbean paradise. As of this week, citizenship applicants will be receiving a biometric Dominica passport.
Those who already have a passport can renew their existing passport now or at the expiry of their current passports. To apply, passport holders can complete forms on the Dominica government portal: https://dominica.gov.dm/forms and securely pay the processing fee online (US$ 150 for adults or US$ 75 for children).
Biometric passports use non-traceable chips and protection mechanisms to mitigate the risk of them being traced or attacked or falsified. The microchip included stores fingerprints, iris and facial information which is used to identify the passport holder at E-Passport gates. These have been implemented in Dominica in line with E-Passport gates in place at airports globally to protect and control borders.
Read more: Dominica’s Citizenship by Investment takes the Gold – The CBI Index
What are the Benefits of a Dominica Passport?
Demand for the Dominica passport has soared in recent years, one key trigger being the lockdowns and global mobility limitations that the pandemic has brought.
All passports on the CBI Index are measured against nine parameters namely; Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.
Although global mobility has now been trumped by covid-19 classifications and border controls, in better times, the Dominica passport provides visa-free travel to over 140 countries included the EU, Singapore and Hong Kong. It also boasts no wealth, gift, inheritance or capital gains tax and allows multiple citizenships.
Read more: https://www.cbiu.gov.dm/dominica-citizenship/benefits/.
It is a party to numerous Double Taxation Treaties and offers an array tax incentive. These include tax holidays, import duty exemptions, corporate tax relief and export allowances. A socio-economically stable and welcoming nation, it is no wonder why many choose Dominica as their second citizenship.
