Investment option is another way that Dominica citizens can apply for their passports. There are two types of investment options that one can choose from when considering to apply for a Dominica passport, especially those with dual citizenship. The first investment option is the economic diversification fund. This is a special fund that has been established by the government with an aim of receiving financial contributions for funding social and economic projects in the country. The first rule for an individual to qualify to be a Dominica citizen is to make a non-refundable contribution to Economic Diversification Fund. The second investment option is the pre-approved real estate. This requires Dominican passport applicants to invest in pre-approved property with a minimum of $200,000. There are various steps that an individual can follow to get a Dominica passport by investment. The steps are as follows;
Select an Authorized Agent
Ensure that you fill out and complete all the application forms
The application forms require an applicant to be able to fill out personal information that are true and legal. This helps them reach out to you in case there are any problems that require your attention. Moreover, filling out all the application forms that you are required to complete makes your passport legal, and can be easily traced back to your country in case it gets lost. The application forms and documentation provided should be completed by the applicant, and the applicant should ensure that all the documents are legal according to the Citizenship by Investment Unit (CIU).
Ensure that the CIU has conducted a Background Check
Confirm if the application has been approved
Every application that an individual makes needs to be approved for the passport to be effective for use. A passport application that has not been approved is considered null and void and requires the applicant to make another application. A passport cannot be approved because of various reasons. For instance, the information that you have provided may be false, or there may be a pending issue that needs your involvement for the passport to be approved. Usually after applying for a Dominica passport by investment, it should take a duration of about 60-90 days for the application to be approved. The letter of approval is then sent to the authorized agent with further instructions on how you should make your investment. It is then the duty of the authorized agent to get in touch with you and advise you on the step to take further.
Select the most preferred type of Investment
After the passport application has been approved, and you have been advised by the agent on the available types of investment, it is now your duty to select the type of investment that you think will best work for you. After you have selected the most preferred type of investment, you can now make the investment. Then, you need to submit a proof of purchase of your qualifying investment, and the set government application fees. After submitting these documents, you are now one step closer to getting your citizenship because everything has been confirmed and you have submitted the correct information.
Citizenship is offered
After you have submitted all the required documents, and filled out all the application forms, an approval is given, authorizing you to now make the investment of your choice. Thereafter, a proof of payment is received and the certificate of registration is issued. As an applicant of the Dominican passport by investment, you must submit the passport application and its accompanying documents. After everything has been received, you are then granted Dominican passport. From here, you can now use your passport legally.
In summary, applicants need to know that all the applications are handled by an authorized personnel. This is to ensure that no fraudulent activities occur in the process and no one is conned. For instance, an applicant is required to fill out all the application forms, confirming that all the information he has provided are true and legal, and can be used in his or her passport. Moreover, the CIU conducts a due diligence background check to ascertain that you are the person you say you are, which involves checking the applicant’s full name and social security number. Therefore, applying for a Dominica passport by investment involves the above steps, which are effective and legal, and ensures that an individual’s passport has been approved.