Benefits of Acquiring Citizenship from Dominica
Dominica's Commonwealth is an island nation in the archipelago of the Eastern Caribbean. It is a tiny country with a population of about 72,000, measuring only 290 square miles. The nation is renowned for its natural beauty that is amazing. In 1993, the developing country introduced its citizenship through investment program and became the second Caribbean nation to do so after St. Kitts and Nevis. Generally, one is required so that you can comply with some requirements to be granted citizenship and a passport. For those seeking a secondary passport Dominica offers an attractive package packed with numerous perks. Here are some of those benefits.
Lifestyle Benefits
Dominica offers the smallest crime rate reported in the area with the highest living standards and a calm political ambience in the Caribbean. As the nation is known to have a high life expectancy, it has a citizen over the age of 100. Dominica is certainly regarded as one of the attractive locations. The rainforests, plenty of rivers and waterfalls, and lengthy stretches of beaches of white sand. The National Park of Boiling Lake and More Three Pitons is situated here. It’s a combination of nature and a hospitable and vibrant society that makes Dominica one of the best locations to reside in.
Passport Benefits
Dominica offers a wonderful ambience for those seeking dual citizenship. As its laws do not restrict having a secondary passport, applicants do not have to give up their existing citizenship. Applicants interested in holding a Dominica passport are not required to live in the country prior to or before gaining citizenship. The passport grants them international mobility, so they can enjoy travelling to over 120 countries visa-free. They are allowed to live in Dominica and work as well. They may also own the country's property even if they don't reside there. Dominica is the best choice among the Caribbean for those considering a secondary passport. The application method is hassle-free and is kept strictly confidential throughout the process.
Business Benefits
For secondary passport seekers, Dominica offers great incentives, especially business-wise. Residents face very minimal taxation. Taxes on wealth and gift inheritance, foreign income, and capital gains have been exempted. The best part is residents don’t have to pay taxes on their personal income. Also, investors operating around the world will be happy to learn that there are no limitations on profit repatriation. The state also provides very profitable incentive packages, including corporate tax incentives, import duty exemptions, export allowances and tax relief advantages. Participating in this program also gives investors the chance to invest and own real estate in different countries. The Caribbean also enjoys duty-free trading, thus providing an attractive market for business.