Offshore Company
So you want to find a legal way to save on taxes and boost your business? | |
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| | DOMINICA SECOND PASSPORT  | | | If you are considering a second passport through the Dominica citizenship program with or without residency, a key attraction of the Citizenship Program in Dominica is that as a Dominican citizen you will have a Tax Free Status on Foreign Income, Capital Gains, Gift, Wealth and Inheritance Tax.
A Dominica second passport allows for visa free travel to more than 50 countries including the United Kingdom, it allows for dual citizenships without the requirement to notify the applicants home country, and without any need for the applicant to reside in Dominica
Dominica established their Economic Citizenship program in 1991 and actively promotes the program as the investment is used to develop the country's infrastructure. The law can be found in section 101 of the Constitution and Section 8 of the Citizenship Act Chapter 1:10 of the revised laws and section 20 of the Citizenship Act. (The above is viewable in our downloads section)
The Citizenship Program in Dominica has the following two options, Single Applicant or Family Application that are detailed below. | | Single Application - Dominica | For a single application the Government will require an investment of US$75,000. This is a non-refundable economic contribution
Additional Professional, Legal and all Government fees are US$15,000.
| | Family Application - Dominica | For a family application the Government will require an investment of US$100,000. This is a non-refundable economic contribution. This option is applicable for the applicant, spouse and two children under the age of eighteen.
For a child over 18 and below 21 there is an additional charge of $15,000, over 21 will be $25,000
Additional Professional, Legal and all Government fees are US$25,000.
| | Due Diligence | Due diligence requirements are undertaken by international private investigative agencies on behalf of the Government.
The costs are payable by the applicant and are determined by the Due Diligence Agency they are usually between $3,000-$10,000 depending on factors that include the numbers of countries that you have resided, your country of birth and the number of family member.
We work with Bishops Investigative Services Worldwide who are extremely efficient and their prices are reasonable.
| | The Interview Process | The process is compulsory and will take place in Dominica with the Prime Minister. We will fully brief you prior to the meeting on questions that are likely to be asked.
| | Dominica Applications | The Checklist of documentation to proceed is as follows and the process of considering the application takes about 2-3 months. Much of the time is taken up by the background checks on the client.
Letter addressed to the Honourable Minister responsible for Citizenship
Passport copy for each applicant
Marriage Certificate/Dissolution of Marriage if required
Birth Certificate for each applicant, it must be translated if it is not in English
Letter of recommendation from the head of the school/university for children between 18 and 21 yrs old
One Professional reference by a lawyer or accountant, they must have known you for a minimum of three years
Letter of employment/Audited Financial Statement/Financial Statement certified by practitioner with international accepted designation
Two Personal References
Police Record, with finger prints, from country of birth and country of residence (if different) for each applicant sixteen (16) years and over; For children twelve to fifteen (12 - 15), sworn affidavit by parent that child does not have criminal record
Four passport size photos for each applicant
Medical Certificate to include a negative HIV test result
Affidavit of Source of Funds
Detailed Business Background Reports/Resume
Notarized copies of University/College Diplomas
Notarized Disclosure Form
Statutory Declaration
Two completed and notarized copies of Application Form 12 for each applicant, (we provide this for you)
| | Restrictions | The following countries are exempt from the program:
IRAQ, CHECHNYA, SOMALIA, YEMEN, NORTH KOREA, PAKISTAN, SAUDI ARABIA, SUDAN, AFGHANISTAN, PALESTINE
| | | Click to Apply for a Dominica Second Passport
| | | | Offshore Company Formations - Economic Citizenship - Offshore Banking | |
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