The 2020 pandemic has left no country unaffected! Some countries that have launched citizenship by investment programs are sparing no effort to support their respective citizenship projects and have adopted new measures to varying degrees to enhance their appeal. Beyond price wars, a competition based on inclusivity is now underway!
Recently, the government of Dominica announced its response measures: the Dominica Citizenship by Investment (CBI) program has expanded the definition of dependent applicants, allowing the main applicant to include adult children, parents, grandparents, and siblings who previously did not meet the requirements!
Dominica's Prime Minister Roosevelt Skerrit stated in a government press release: "The changes we are announcing are exciting, and these new policies are designed to promote family reunification. We are placing more emphasis than ever on family reunification and on the right of all people to live together in a safe, stable, and comfortable environment."
Source: PR Newswire Official Website
The main contents are as follows
• Siblings of the main applicant or spouse—whether by blood or adoption, they can be added to the application, provided they are over 18 years old, single, and have no children.
• Adult children of the main applicant—it is no longer necessary to prove they are currently attending university, nor is it necessary to prove they live with their parents; it is sufficient to prove that the adult children are financially supported by the main applicant or their spouse.
• Parents and grandparents of the main applicant or spouse—it is no longer necessary to prove they live with the main applicant; it is only necessary to prove that they are financially supported by the main applicant.
• Children born and spouses married after the main applicant has obtained citizenship—they can also apply for citizenship. This provision is valid for children born to or spouses married to any applicant from the original application, regardless of whether they were the main applicant, spouse, or dependent in the original application.
According to the official gazette of the government of Dominica, the government has "simplified the application process for dependents who qualify under these expanded definitions," although it did not explicitly state how the application process has been simplified. At the same time, the fees for dependents added after the application is approved have not yet been announced. Worldway Group will continue to monitor this situation and share updates with all investors in a timely manner!
In summary, during the pandemic, these heartwarming measures by the government of Dominica provide great convenience for immigrant investors and are highly commendable! As one of the more affordable citizenship by investment programs in the world, Dominica's investment immigration has always enjoyed a good reputation. Since the Dominica Citizenship by Investment Act was enacted in 1993, it has been operating steadily to this day. In the Global Citizenship by Investment (CBI) Index published by the Financial Times, Dominica has consistently ranked among the top.
Due to its low investment threshold, no interview requirements, no residency requirements, no proof of source of assets, and short processing cycles, Dominica immigration is favored by many high-net-worth individuals! Currently, investors can apply for a Commonwealth of Dominica passport for four generations of their family by donating from $100,000 to the Dominica National Government Fund and paying the relevant government fees, enjoying the benefits of Commonwealth citizenship!
Advantages of Dominica Citizenship by Investment
1. Low investment amount, starting from $100,000, to legally obtain citizenship for four generations of the family at once;
2. Short application cycle, usually approved within about 8-12 weeks after submission;
3. Convenient travel, with visa-free or visa-on-arrival access to over 130 countries and regions with Dominica status;
4. Children can enjoy free British-style education. If they return to China for further studies as international students, those who meet the requirements can easily enroll in top domestic universities without written exams. Most Commonwealth countries recognize each other's credits and academic qualifications, allowing for transfers to other Commonwealth countries for study;
5. No residency requirements, no requirement to land;
6. Preferential tax system, with no property tax, gift tax, foreign income tax, or capital gains tax;
7. Beautiful environment, a vacation paradise.
As an active promoter of Commonwealth passport programs and one of the most successful companies in promoting the Dominica investment immigration program, Worldway Group has maintained good trust, interaction, and cooperative relationships with the governments of Dominica and other Commonwealth countries for many years. Dominica's Prime Minister, Mr. Roosevelt Skerrit, has visited Worldway Group's senior management multiple times.
In addition, Worldway Group also offers citizenship by investment programs for other Commonwealth countries such as Vanuatu, Saint Lucia, Saint Kitts and Nevis, Antigua and Barbuda, and Grenada for your selection!
2020 Health Planning Year! Health planning, status first! For details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798
The copyright of this article belongs to Worldway Group. If you need to reprint, link, repost, or copy and publish this article in any other way, please be sure to indicate that the article copyright comes from Worldway Group. Violators will be held legally responsible.
* Investment involves risks, the above information is for reference only. *