Last Updated on March 9, 2020, 3:06 AM AST by Anthony Morris
As soon as the first embassy in the Middle East of the Commonwealth of Dominica, it has become the first preference as a destination among migrants from the region.
The passport of the Dominican Republic allows visa-free travel to more than 130 countries.
With the high number of emigrants based in the UAE, a 70% increase in Dominican passport demand has been noted.
With an immigrant population over 8 million, the demand for citizenship in the Dominican citizenship by investment programme has risen, and it has never been as high as it is now.
Since AAA International started the business, it has maintained a special relationship with Dominica. As a result, in 2019 it saw the highest number of its customers in the UAE receiving their passports.
With its closeness to the USA and comfort of visa-free entry to over 130 countries while keeping a tax-free status, the island of Dominica remains in the top three passports of choice for customers that are looking for alternative citizenship.
There are many options for alternative citizenship and permanent residency in the world.
Dominican citizenship program has managed to stay popular due to its transparency, lower price and turn-around time.
The step of opening a new embassy in Abu Dhabi and a plan to open a Consulate in Dubai this year is proof of growing bilateral relations between Dominica and the UAE.
These relations are also likely to help in boosting the ranking of Dominican passport.
Dominica has investor-friendly taxes with inheritance, property and capital gains taxes.
The biggest attraction for investors towards Dominica is that the personal income tax is not charged if the income is not generated in the Commonwealth of Dominica.
In addition to the taxes, there is no physical residency requirement. The Dominican citizenship programs are done in government-managed escrow accounts, and they have no qualifications as per language, business experience, age or education.
The Dominica citizenship program through investment is legally protected under the law. Since the local law does not impose restrictions on having dual nationality, obtaining a dual nationality by way of investment is not in hindrance with the law.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
