Is Dominica good for a second passport?

Dominica
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Dominica is indeed a good option for a second passport. Dominica’s passport offers stable, secure, and easy mobility without losing your current passport. The passport offered by Dominica is also powerful as it allows you to travel to 146 countries without the need for a visa. You may be thinking about how to get a Dominica passport the easiest way. Well, today we are going to share that with you. You can easily obtain Dominica’s passport by going through the investment route. The Dominica passport is not expensive like other countries however, the benefits are more or the same. So, yes Dominica is really a good option for a second passport. 

The biggest perk you can obtain with this passport is the easy traveling. You can travel to 146 countries without the need for a visa. It includes the Schengen Zone as well. As Dominica signed the treaty with Schengen back in 2015. So, in these times of instability and uncertainty having a powerful passport that allows you to travel the world more freely is a good idea. 

This Caribbean passport is cheaper than the whole world compared to those countries that offer citizenship by investment. So, if you want to have a second passport without by investing a hefty amount the Dominica is an excellent option. You can obtain this passport by investing in the government funds or in real estate the choice is yours. However, you need to know that the minimum investment is 100,000 dollars which is cheaper compared to other nations. 

Requirements for application 

There are not many requirements when it comes to applying for a Dominica passport. All you need to ensure that you are 18+ years of age. The character must be outstanding in terms of no criminal records. Moreover, you have to prove that you have no diseases meaning you must be in excellent health while applying for the Dominica passport. You also have to ensure that you have no criminal record. Also, you need to pass the due diligence test and you need to know the basic English. That’s all the basic requirements you have to keep in mind while applying for a second passport from Dominica. 

Is staying in Dominica required? 

No the staying in Dominica is not required. You are free basically all you have to do is pass the requirements that are required which we have mentioned above. And you have to invest the required amount in a Dominica government fund or in real estate which is as low as $100,000 for a single applicant. You do not need to reside in the country to obtain the passport of Dominica. Even after getting a passport, you are free to leave or if you want to stay on the island you can stay. But there is no law that requires them to stay on the island. 

How to obtain a passport? 

The quickest way to get a second passport for Dominica is through an investment program. All you have to do is invest the required money, pass the due diligence process, and wait for approval from the Dominican investment unit. After they access your application and make you go through a due diligence process you will be notified if you are qualified for the second passport or not. If everything goes smoothly and you have been chosen for the citizenship you will be given a certificate of registration. After that, you will be able to apply for the passport of Dominica. 

Know that Dominica has a strong passport ranking. It allows you to travel to 146 countries without the need for a visa which is a lot compared to many other countries. You can travel to European Union nations without the need for a visa. Moreover, you can also travel to countries like the United Kingdom, Russia, hong kong, China, Russia, and many more. 

Why Dominica’s passport is good? 

There are many reasons that make Dominica a good option for a second passport. However, the first and foremost is low investment, the second thing is that you can travel to many countries without the need for a visa. Moreover, the process is fast. After application submission, it takes only three to four months to complete the process and to get a second passport from Dominica. 

You will be glad to know that the whole family can get a second passport within three to four months. There are no additional timings are required for the additional family members. Another reason that makes the Dominica passport a good option is that you do not have to reside in the country of Dominica. There is no time to invest in residency so, that’s a bonus too. You can get your second passport while staying in your own home country. 

The Dominica allows dual nationality so, you do not have to give up your current citizenship. Another reason that makes the Dominica an attractive option is that there is no income tax on global wealth. There is also no global wealth tax and also there is no tax on inheritance. So, tax-wise Dominica is also heaven. 

Conclusion 

Having a Dominican passport is a good option if you are willing to travel the numerous nations, want to have tax exemptions, and want your family and yourself to have to place you can call a second home. Dominica is also a beautiful place to live and to retire. So, if you want to have that you can have that. Or you can travel to 146 nations without the need for a visa. It’s up to you how you want to enjoy the second passport of Dominica. You can have all that with the minimum investment of $100,000. However, if you have a family of four the total investment you need to make is $175,000. And if you want more family members the cost can vary from $25,000 to $50,000 depending on the age of applicant. All in all the Dominica is a very good option to obtain a second passport. 

 

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Fahim Ravian

Stay updated with the latest business news and trends on sthint.com. Contact us : muhammadamjadbutt00@gmail.com
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