Dominica citizenship offers Nigerians such opportunities as visa-free travel, building business, and the creation of a safe haven.
The country’s passport can be obtained in several months if a Nigerian decides to participate in the citizenship by investment program. In this case, they don’t need to pass exams or live on the island for years. The only requirement is to invest in the country’s economy.
The Immigrant Invest expert explains how a Nigerian can obtain Dominica citizenship.
Advantages of Dominica citizenship for Nigerians
With Dominica citizenship you acquire several benefits. Let’s look at some of them.
Visa-free travels. A Nigerian passport allows you to visit 46 countries without visas. The Dominica one opens an opportunity to travel to over countries visa-free. Among these states are China, Hong Kong, Singapore, the UK, and the Schengen countries.
With dual Nigeria-Dominica citizenship, you don’t need to go through the tedious visa application process in most cases. Thus, you won’t also need to spend money on any processing fees.
A 10-year visa to the USA. Dominica passport holders can apply for a B-1/B-2 visa to the USA and obtain it for 10 years at once. With Nigerian citizenship, you can only apply for a 5-year visa.
The B-1/B-2 visa gives you a right to stay in the US for up to 6 months a year and travel or arrange business trips there. However, you are not allowed to work or study in the country for a long period.
Tax benefits. Dominica has a very attractive tax system. For example, there are no taxes on capital gains or inheritance. Rates of other taxes are lower than in many other countries.
At the same time, you only pay taxes if you live in Dominica, earn money, or own real estate there. In other cases, you may be exempt from them.
More opportunities for business. The Dominica passport holder can run a business there or invest in sectors of the country’s economy.
With the country’s passport, you can also open an account in a reliable bank and make international transactions. Our client Hasan acquired Dominica citizenship and then opened bank accounts in European banks to run their business.
Visiting Dominica and living there. Dominica is a beautiful place with fantastic views and landscapes. Its passport allows you to visit the country anytime and stay there for as long as you want.
You can also create a safe haven there which is especially useful in case of any instabilities happening in Nigeria.
Requirements for the applicants
The fastest way to become a Dominica citizen is by investment — the whole procedure takes several months. Every step can be done remotely.
To be eligible the investor must meet several requirements:
The investor can also add their close family members to the application. That includes a spouse, children under 30, and parents over 65. Children over 18 and parents must be financially dependent on the investor.
Investment options for Dominica citizenship
Dominica offers two investment options and the investor can choose any of them. These options are a non-refundable contribution to the state fund and the purchase of a share of real estate.
A non-refundable contribution requires you to donate money to the Dominica Economic Diversification Fund.
The minimum amount of money depends on the composition of the family. The sums are the following:
If the family consists of more than four members one needs to pay additional money: $25,000 for a child under 18, and $50,000 for an adult person.
The real estate investment option obliges you to buy a share in a property for $200,000+. The project must be government-approved.
This investment option is refundable: you can sell the property 3 years after if the buyer is not participating in the citizenship by investment program, and in 5 years if participates.
When purchasing real estate in Dominica you need to pay the government fees. Their amount depends on the number of applicants:
To participate in the program the investor also needs to pay fees for Due Diligence, application processing, and issuance of a certificate of naturalisation and a passport.
In brief: how to obtain Dominica citizenship