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The Dominica Citizenship by Investment Programme is administered by the Citizenship by Investment Unit, [151] a Government office established under section three of the 2014 Regulations. [152] The Citizenship by Investment Unit, commonly known as the Unit or the CBIU, processes all applications for citizenship by investment, and commissions due ...
Separate fees are charged for siblings of the main applicant. [16] [17] The primary applicant must be 18 years of age or older and must make a minimum investment, which in 2020 was US$200,000 in an approved project. [16] [18] Agents of the Citizenship by Investment Unit are responsible for processing applications. [4]
While St. Lucia does allow citizenship through a real estate purchase with a minimum requirement plus a $50,000 administrative fee, according to Henley & Partners, you must select a property from ...
Turkey offers Turkish Citizenship by Investment (TCBI). Investors are required to purchase real estate worth at least US$400,000 and hold it for 3 years or deposit US$500,000 in a bank in Turkey for a period of 3 years. Upon investing as above and submitting citizenship application duly, a Turkish passport is granted typically within 6 months.
Along with the upfront investing cost, some programs charge annual fees, and there are typically holding periods for citizenship investors (in Dominica, investors cannot sell for five years).
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The level of investment required also varies between countries and programs. For example, Caribbean citizenship-by-investment programs require less of an investment than those programs in the EU. In Dominica the minimum investment required is USD $200,000 [7] and St. Kitts and Nevis the minimum investment required is USD $250,000 [25]
According to officials, the citizenship by investment (CBI) programme was an economic and fiscal "lifeline" in the aftermath of Tropical Storm Erika in 2015 and Hurricane Maria in 2017, and its new investment option had become the main source of Foreign Direct Investment into Dominica by early 2016. [81]