The Dominica Citizenship by Investment Unit (CBIU) gazetted the Commonwealth of Dominica Citizenship by Investment Regulations 2024 (the CBI Regs 2024) on 28 June 2024.
The CBI Regs 2024 contain the revised investment thresholds that will come into force on 1 July 2024 in accordance with the terms of the Memorandum of Agreement (MoA).
Minimum Investment Thresholds
Effective for all CBI applications submitted from 1 July 2024, the new minimum thresholds are as follows:
Economic Development Fund (EDF) direct monetary investment (paragraph 1(3)(a) of Schedule 1):
- Single applicant — US$200,000
- Main applicant and up to three qualifying dependants US$250,000
- Additional dependant under 18 — US$25,000
- Additional dependant 18 years of age or older — US$40,000
The minimum real estate investment remains at US$200,000 (paragraph 2(1) of Schedule 1).
The revised Government Fees are as follows (paragraph 2(3) of Schedule 1):
- Single applicant — US$75,000
- Main applicant and up to three qualifying dependants US$100,000
- Additional dependant under 18 — US$25,000
- Additional dependant 18 years of age or older — US$40,000
All other Government fees remain unchanged and are as follows: Due diligence fees
- Main applicant — US$7,500
- Each dependant 16 years of age or older — US$4,000
Processing fees
- US$1,000 per application
Interview fees
- US$1,000 per interview
Certificate of Naturalisation fee
• US$500 per applicant