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Global Experts In The Dominica Citizenship By Investment Programme
- Explore The Reasons Why The Dominica Citizenship Programme Is Perfect For You & Your Family
- Find The Optimal Route To Permanent Residency or Citizenship
- Discover The Minimum Capital Requirements & The Available Investment Options
- Understand The Steps To Maintain Your Residency Status
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What is the due diligence process for obtaining Dominica citizenship through the CBI program?
The citizenship by investment program’s due diligence procedure for getting Dominican citizenship involves a thorough background study of the candidate, including a review of their financial situation, criminal past, and personal and professional history. The goal of the due diligence procedure is to confirm that the applicant has no prior history of criminal behaviour, money laundering, or financing of terrorism. A Dominica government-approved independent third-party provider of due diligence is in charge of the procedure. All candidates must complete the due diligence process, which is an essential step in the application procedure.
How long is the validity of the passport?
Commonwealth of Dominica passports are valid for ten years for adults and five years for minors.
What are the eligibility requirements for the program?
To be eligible, an individual must have a clear health record and must be of good character. Spouses, dependents under the age of 30 and parents or grandparents over 65.
When is the right time to make the investment?
Investment can only be made after completing a due diligence process and receiving board approval.
Does Dominica allow dual citizenship?
Yes, Dominica allows dual citizenship, which means that individuals can hold a Commonwealth of Dominica passport while maintaining citizenship in their home country.
The Dominica Citizenship Program is an excellent option for those looking for a second citizenship or residency. Here are some reasons why:
Visa-free travel: Holders of a Dominican passport can travel visa-free to over 140 countries, including the United Kingdom and the European Union.
Economic stability: Dominica has a stable economy, with a low inflation rate and a GDP growth rate of 4% in 2020.
Affordable investment: The minimum investment required for the citizenship program is relatively low compared to other programs, making it accessible to a wider range of people.
Family-friendly: The program allows for the inclusion of family members, including spouses, children, and parents.
How to Get Permanent Residency in the UAE
The United Arab Emirate is one of the most attractive countries in the world for establishing businesses and residency. What makes living in the UAE so compelling? Among its primary benefits is its Tax free status, high quality of life, excellent opportunities for business development on both the Mainland and the dozens of Free zones, and of course, economic and political stability.
Residence Visa
A residence visa or permit is a type of visa that certifies the legitimacy of an expat to reside in any emirate of the country for a specific period of time subject to the UAE’s immigration laws. The residence status is granted on a range of conditions set by the government such as business, investment, tourism or study, each of which decides the visa type and validity.
What are the types of residence visas in the UAE:
- Resident visa through employment
- Investor visa or partner visa
- Resident visa through family sponsorship
- Resident visa for domestic workers
- Specialist resident visa
- Resident visa for students
Typical Time Frame:
- 15-20 Working Days
Remote Work Visa
Live in the UAE for upto one year with a remote work visa and enjoy a work-life balance with zero taxes.
The remote work visa allows foreigners to enter the UAE under self-sponsorship and work in line with the work visa rules and conditions. This visa is marked as a chance for foreign remote workers to access all the standard services that residents enjoy such as – banking, investments, government services, schooling and more.
Typical Time Frame:
- 10-12 Working Days
Dependent Visa
Now you can sponsor your dependents in the UAE as a business owner or an employee regardless of the profession, provided you meet the minimum salary requirement, show proof of relationship and dependency, ability to house and financially support your dependents while residing in the UAE. Documents showing relation and dependency not issued in the UAE must be legalized and attested by the UAE Consulate from your home country and then by the Ministry of Foreign Affairs in the UAE.
Types of Dependent Visas:
- Spouse
- Children
- Parent
- Parent-in-law
Typical Time Frame:
- 7-10 Working Days
Golden Visa
The UAE golden visa is a 5 or 10-year renewable residence visa offered to investors, entrepreneurs, specialized talents and researchers in various fields of science and knowledge, as well as students with promising academic performance. It allows foreigners to live, work or study in the UAE without the need for a local sponsor and 100% foreign-owned businesses.
Who can apply:
10-year visas are open to investors (public investment of at least Aed 10 million) and people with specialised talents, whilst the 5-year visas are open to investors (property investment of at least Aed 5 million), entrepreneurs and outstanding students.
Typical Time Frame:
- 10-12 Working Days
Freelance Visa
The Dubai government has initiated efforts to make it easier and cheaper for freelancers to work and live in the UAE. Go Freelance visa is an initiative by the TECOM group that allows freelancers to work in tech, education, media and design sectors as independent contractors with a Freelance permit.
The freelancer permit is ideal for professionals who are on a dependent visa as they only need to get a freelancer license. This permit identifies you as a sole practitioner and enables you to conduct business in your name rather than a brand name.
Typical Time Frame:
- 10-12 Working Days
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Permanent residence United Kingdom with Company Formation
Company formation in the UK offers three distinct models, including:
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Private limited company (Ltd.)
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Limited liability partnership (LLP)
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Public limited liability company (PLC)
You can carry out the company formation process in the UK in 24 hours. Neither the director nor shareholders need to be UK residents.
The Ltd. company model requires one person to incorporate, and only a single director and shareholder for formation. UK law also permits shareholders to be corporate entities.
The primary advantage of this type of UK company formation is that the limited nature of the company protects shareholders if there is a business failure or the business incurs debts. The UK will also safeguard a corporate name. Once the Registrar of Companies accepts a name, no other entities may use it.
Restrictions include not using names that imply any connection with the government or using names that suggest links with existing institutions. The UK also requires that there be a local registered office.
A limited liability partnership organisation doesn’t require shareholders. The benefits of this type of incorporation include broader flexibility than a private limited company and no director requirement, as well as ethical liability limitations. Unlike a private limited company, a limited liability partnership doesn’t entail memorandum or articles of association. It also has no restrictions on owning and holding property.
A VAT number is not automatically given to a UK company and is necessary if it will conduct business in the UK.
The UK is a party to several tax treaties and, if there is a tax treaty between the nation in which the business does the most economic activity and the UK, the terms of the agreement will apply. If the company is currently paying taxes in a different company, it will be considered a UK tax resident. In some cases, where there is no tax treaty, the UK unilaterally offers double tax relief to such company.
