Dominica Citizenship by Investment: Pros and cons

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Dominica citizenship by investment is one of the oldest economic citizenship out there, and it’s important to know its pros and cons.

Thanks to Andrew’s ample experience and expertise in this area, he has a full grasp of this CBI and what it can offer you.

Dominica citizenship by investment started in the nineties, the process in itself is straightforward and can take up to 6 months to get your second passport.

You can go around getting Dominica citizenship either by donating money to the government or buying “approved” real estate.

Andrew talks about both methods of getting economic citizenship in-depth in this video:

When you decide to make a donation, you have some miscellaneous fees to cover, and you’re good to go.

On the other hand, if you choose to buy real estate, aside from the investment, you will have to pay a substantial fee to the government as well.

What do you get when you become Dominican?

You get a Dominican passport which grants you visa-free access to some countries that even Tier B passports can’t get you into.

But, is Dominica tax-free? There’s a lot of promotion claiming that it is, but to ascertain this fact, we suggest you keep watching the video.

Before you jump into getting economic citizenship, it is highly advised to get professional advice, which is precisely what we do in Nomad Capitalist.

Check out our website for a lot of high-quality content on this topic and don’t forget to subscribe to our channel for interesting updates on the subject of offshore strategy and second passport!

ABOUT NOMAD CAPITALIST

Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.

Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.

He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.

As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.

Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.

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