Some Key Facts about Dominica
The Dominica Citizenship Investment Programme stands as one of the most trusted and enduring programmes of its kind worldwide. Let's explore some key aspects that contribute to the popularity of this picturesque Caribbean island among investors.
Population: Dominica is home to approximately 71,625 residents spread across an area of 750 km2. The island boasts a population density of around 105 people per km2.
Currency: The official currency of Dominica is the Eastern Caribbean Dollar (XCD), which maintains a fixed exchange rate with the USD. The current exchange rate stands at 1 USD = 2.7 XCD.
Capital City: Roseau, the capital city of Dominica, also serves as the country's largest urban center. Located on the western coast of the island, Roseau is inhabited by around 14,725 individuals.
Languages: English is the official language of Dominica. Additionally, Dominican Creole enjoys widespread usage among the local population.
Climate: Dominica experiences a tropical climate, characterized by year-round warmth. Daily temperatures typically range between 25 and 28 degrees Celsius (77 - 82.4 degrees Fahrenheit) on average.
GDP: In 2018, Dominica's GDP was estimated at half a billion US dollars, representing less than 0.01% of the global economy.
About Dominica
Dominica, an island nation situated in the Caribbean Sea, is officially known as the Commonwealth of Dominica. It is located in close proximity to Guadeloupe, which lies to the northwest of Dominica.
One of the popular attractions in Dominica is whale watching. This Caribbean island is unique as it offers the opportunity to observe Sperm Whales throughout the year, setting it apart from other countries.
English became the predominant language during British ownership in 1763. Dominica achieved independence in 1978, marking an important milestone in its history.
Advantages of acquiring citizenship in Dominica:
Government: Obtaining citizenship in Dominica through investment provides access to a country that is economically, socially, and legally stable. Additionally, Dominica is a member of the Commonwealth, further enhancing its standing.
Currency Flexibility: The Dominica Citizenship Investment Programme is renowned for its cost-effectiveness, making it one of the most affordable options available globally for acquiring citizenship through investment.
Trusted Programme: Established in 1993, the Dominica Citizenship Investment Programme has a long-standing reputation and is recognized as the second-longest-running programme of its kind worldwide, instilling trust and confidence among applicants.
Visa-Free Travel: By participating in the Dominica Citizenship Investment Programme, individuals gain the advantage of visa-free travel to over 139 countries. This extensive list includes popular destinations such as the UK, Europe, Hong Kong, Singapore, and Russia.
Citizenship Inheritance: Citizenship obtained in Dominica is not only permanent but can also be inherited by future generations. This feature makes the Dominica citizenship investment programme particularly appealing to individuals seeking long-term benefits for their families.
Tax Benefits: Dominica offers attractive tax benefits to its citizens. The absence of capital gains or inheritance taxes, coupled with a favorable tax regime that only taxes income generated within Dominica, provides financial advantages to citizens of the country.