Cost of Dominica’s citizenship to remain unchanged

passport moneyThe cost of citizenship under Dominica’s Citizenship by Investment Program is to remain unchanged in 2016, an agent approved by the government has revealed.

Earlier this year news circulated that fees for Dominican citizenship, the cheapest in the Caribbean, under programme were going to increase effective August 2016. According to the reports, the new fees would be as follows:

-US$ 175,000 for a single applicant;
-US$ 225,000 for an applicant and spouse;
-US$ 225,000 for an applicant and up to two children below 18 years;
-US$ 250,000 for applicant, spouse, and up to two children below 18 years (currently US$ 200,000, plus US$ 50,000 per additional dependent); and
-US$ 50,000 for any additional dependent

However, in a press release on July 27, 2016, Savory & Partners, a Dubai-based Dominica Government Approved Citizenship Agent, said the prices will remain the same.

“Dominica citizenship will continue to start from $100,000 and therefore remain as the least expensive of all the Caribbean citizenship programs, in most instances as much as half the cost of its peers,” the release said.

The release made reference to Prime Minister, Roosevelt Skerrit’s budget presentation on Wednesday where he outlined that the economic citizenship program has raised more than USD $200 million dollars, surpassing all expectations.

“The funds raised from the program have been a major source of funding in the recovery efforts raised after tropical storm Erika,” the release noted.

Savory & Partners said Dominica citizenship fees start at $100,000 for a single person and $200,000 for a family of four persons and are as follows:

-$100,000 for a single applicant;
-$175,000 for applicant and spouse ;
-$200,000 for applicant, spouse and up to 2 children below the ages of 18 years old;
-$50,000 for any additional dependents of the main applicants other than spouse (unchanged)

Jeremy Savory, CEO & Founder of Savory & Partners said the unchanged fees keep a second citizenship accessible.

“This announcement is extremely positive as it keeps second citizenship accessible for a greater share of the region’s population seeking a second passport,” he said. “In particular single applicants, or families with children over 25 who would be double, triple or multiple applications it is a cost effective alternative to other citizenship by investment jurisdictions. Over the last 12 months, we have successfully processed almost 100 high-quality applications in anticipation of a price increase, so this extension will come as welcome relief to those who were concerned they could not submit their application before the 1st August 2016.”

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4 Comments

  1. Delvin Castro
    July 28, 2016

    After u finish selling passport u can start selling Dominicans cheap cheap cheap, start with those in marigot i am sure the King of Saudi Arabia can use their labour for his oil fields. :lol:

  2. economic & political D/can comedy by J St.Jean
    July 28, 2016

    The price was already to low for foreigners to come to our land and behave as if they are natives.
    Look at the Chinese ej! look at what they have boiled down to.
    D/cans most are helpless, too accepting and lack pride. If You want our citizenship U will have to pay real money. To any South east Asian ,Chinese etc Arabs with oil money $250K for a passport is like a Dumbinacan paying $5000 for a passport. Any Dumbinacan can raise that amount despite all odds they’ll find it for a one in a lifetime opportunity.
    I have not heard the agents/those selling complain !I guess being above the other 1000”s of native citizens they have become on par with the Cartel/Neo -DLP of DFP origin and the denizens on island.

  3. Social economic & political D/can comedy
    July 27, 2016

    People with their ears close to the ground say:
    Many passport agents are not pleased with ceiling in price for their main gig- passport peddling.
    This measure does not take into consideration their increasing expenditures ej maintaining their cuncubines, their SUVs the cuncubines weekly salon trips for hair nails etc ,etc.
    Bluntly on fat lawyer one stateted the freeze does not take inflation into consideration.
    Now their chief talking child support delinquent dads etc. They too have to up child care for their “legal and outside concubined children N.B( Author considers all children the same)

  4. a young man in dominica
    July 27, 2016

    dominicans PLEASE.. do we realize how insane this is ?? Dominica is slowly sinking its life into this program.. the prime minister has increased the dependancy on our government over the years now.. its at 36%!!! we do not realize how dangerous this is? this is far far worse than the unstability of tourism.. who is going to buy those investment plans in dominica for years to come? we need to ask ourselves this question.. this is a very very very dangerous plan.. it is a ticking time bomb right infront of our very eyes.. please dominicans… i am begging you. whichever party you support. the dependancy on the CIP and all those programs that depend on people from outside.. “giving” dominica money.. to “invest”.. this is not a sustainable plan.. please, dominicans, open your eyes. we are doomed to fail if we continue this path.. because what it shows is the country is shrinking… we are not generating money..

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