Passports in exchange for the airport: Dominica begins construction of an international air hub
Oct 19, 2021
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The Caribbean state of Dominica has begun construction of a full-fledged international airport. The local Citizenship-by-Investment Program fully funds the project. The Dominica government has signed an agreement with MMCE company located in the United Arab Emirates, which will begin construction work as soon as possible."After today, the airport will begin to rise out of the ground, then from the ground to the air, and I give you the solemn assurance that planes will land here direct from Europe and the US in 2025," said Dominica Prime Minister Roosevelt Skerrit after the signing.
The most unusual thing about this large-scale project is that it is fully financed by Dominica's funds from the citizenship-by-investment program. The Dominica CIP allows you to obtain a Dominican passport in exchange for a donation to the country's economy or real estate purchase. Dominica's program is the cheapest in the Caribbean region — the minimum investment is only $100,000. However, its popularity has attracted enough participants and funds to finance the construction of an international airport.
Why is Dominica so attracted?
- Visa-free travel. Dominica citizens are eligible for visa-free travel to 137 countries and territories around the world.
- The tax regime. Dominica is considered a tax haven — there is no taxation of world income, dividends, wealth, and inheritance. At the same time, you can get the citizenship of this country entirely confidentially, and information on obtaining a passport is not disclosed to third parties.
- The possibility to receive long-term visas to the United States and Canada. They are available only to citizens of Dominica.
- Dominica is a member of the Commonwealth of Nations that means close economic ties with the UK, and benefits from studying at prestigious British universities.
How to become a citizen of Dominica?
The local CIP program includes two ways to obtain a Dominica passport:
- Contribution to the Economic Diversification Fund. The minimum investment amount is $100,000. This is a one-time non-refundable contribution.
- Buying real estate approved by the local authorities. Most of these are various resorts where you can buy a share. The minimum investment is $200,000.
It is interesting to know that Dominica is not the only Caribbean country to issue passports for investment. Find more comprehensive information about the places in Caribbean where you can get passports by CIP programs.
The easiest and safest way to get a Dominica passport is to contact an immigration expert. Companies like Migronis collect all papers, obtain certificates, fill out questionnaires, form a package of documents, and translate and apostille it. In this case, the investor only transfers funds to the economy of Dominica or pays a share in real estate.
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Tags: English