Dominica (not to be confused with the Dom
inican Republic) is yet another excellent Caribbean CIP option.

Dominica, a former British territory, is located midway across the island chain and is a member of the Commonwealth of Nations. The French were the first Europeans to settle, and their influence is still felt today, giving the neighborhood a distinct French flavor. Dominica is well-known for its unspoiled nature, secure parks, and large thermal lake. Agriculture is the most important source of income, with fruits, blossoms, and java being the most important crops.

Dominica, like St. Kitts and Nevis, offers two CIPs. To be eligible for the real estate investment plan, a minimum investment of $200,000 is required. The land must be held for three or more decades, which is the shortest holding period of almost any Caribbean application. Hold for five or more decades, and you can resell your home to another CIP investor, a feature unique among Caribbean CIP jurisdictions.

The government will charge $25,000 for the main offender, $35,000 for a couple, $35,000 for a family of four, $50,000 for a family of six, and $70,000 for a family of seven or more.



You make a nonrefundable monetary donation to the government's Economic Diversification Fund for the contribution option. The minimum requirement is $100,000 for a single person, $150,000 for a couple, and $175,000 for a family of four.

The entire program procedure takes about six months. You can anticipate provisional acceptance halfway through, at which point you will be asked to make the agreed-upon donation or close on the real estate purchase.

If you notice similarities between the St. Kitts and Dominica apps, this is not a bug. St. Kitts introduced its own $200,000 property alternative and reduced its donation levels in order to compete with Dominica's.