Ajmera Law Group Explains Real Estate as a way of Obtaining Dominica Citizenship by Investment

AHMEDABAD, India - March 31, 2023 - PRLog -- Are you a nature lover? If yes, then Dominica, popularly known as the "Nature Island of the Caribbean", is offering you its citizenship in exchange for a contribution to its economy. In its citizenship by investment program, the island offers two options, namely, economic diversification fund and real estate.

Ajmera Law Group takes you through the second and most popular real estate option this time. A spokesperson at Ajmera says, "Dominica citizenship by investment is popular among international investors, especially India, since it offers multiple benefits, including visa-free travel to over 100 countries. In addition, you are free from any condition concerning minimum stay as well."

Coming to the real-estate way of investment. Foreign nationals are eligible to purchase the status of Dominican by buying real estate/property worth a minimum of 200,000 USD. The applicants must hold the property for at least three years. In addition, they can put up the property for sale after five years of receiving Dominican citizenship.

The applicant should bear additional payments concerning dependents, government fees, due diligence fees, and other official expenses. Once the candidate receives application approval, the next step is to clear the monetary requirements concerning every dependent in the program application. To give an insight, Ajmera Law Group provides information about a round figure or standard figure that an applicant usually needs to bear. It is as follows.
  • USD 25,000 for each main or primary applicant.
  • USD 35,000 for a family of four members, including the primary applicant.
  • USD 50,000 for a family of six members, including the primary applicant.
  • USD 70,000 for a family of seven members or more, including the primary applicant.
Please note that under the citizenship by investment program, the Dominican government allows two or more candidates to apply together. All they need to do is invest together in an eligible project wherein every primary candidate or applicant should finance a minimum of USD 200,000.

Remember that an approved, eligible, or qualified project refers to the real estate or any development project the Dominican Cabinet approves for its citizenship by investment program. This is it for the investors. For all entrepreneurs, the government of Dominica introduced a Dominica entrepreneurship visa program in the second half of 2020.

The entrepreneurship visa program has its set of benefits, including less application process and approval time. To know more about acquiring Dominican citizenship through different visas and investments, you can contact Ajmera Law Group, a leading immigration lawyer in Ahmedabad, India.

For More Information: https://ajmeralaw.com/country/dominica-citizenship-by-inv...
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