Established in 1993, the Commonwealth of Dominica's Economic Citizenship Program is designed to allow qualified investors and their families to apply for Dominican citizenship via a non-refundable investment made to the Financial Services Unit of the Ministry of Finance.
The investment proceeds provided to the Ministry of Finance from the program are used to fund both public and private sector projects such as building schools and renovating hospitals, as well as funding tourism and information technology projects.
The Economic Citizenship Program of Dominica is based on Section 101 of the Constitution and Sections 8 and 20 (1) of the Citizenship Act.
Officially, the Commonwealth of Dominica is an island nation in the Lesser Antilles region of the Caribbean Sea with a population of 73,126 and an area of 751 sq.km.. An English speaking country, Dominica was a British colony until its independence in 1978. Often referred to as the Nature Island, tourism and agriculture are large contributions to the country's economy.
Most recently, the Dominica Economic Citizenship program got a boost, as the European Commission has decided to grant visa free travel to the Schengen area to 16 Island Nations (including Dominica) in a bid to spur economic growth in the EU.