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Changes in real estate fees and relocation terms with dependents in Dominica's CIP program

October 5, 2022

3 minutes read

Changes in real estate fees and relocation terms with dependents in Dominica's CIP program

Following the publication of the amendments to the Dominica Citizenship Regulations, the Caribbean CIP has undergone significant changes with respect to dependents. The innovations will affect the structure of state fees for requests that are made in the area of investments.

Under the new rules, the provision that allowed siblings to remain in dependent status is repealed - the ability to submit a request with their candidacy is now completely eliminated. Real estate program fees relating to this category of persons are also eliminated. Restrictions are also proposed on the age of dependent parents and grandparents. As for adult dependent children, under the new requirements they will need to receive a higher education (with the exception of unmarried daughters). The changes are expected to take effect on September 15.

Changes affecting dependents

  • The children of the applicant between 18 and 30 years old must be enrolled in an institution of higher education in order to qualify for this status.
  • The only exception to the above requirement is for unmarried daughters, who will now be considered dependents without a college degree (provided they are under the age of 25 and live with the principal applicant or his/her spouse).
  • Parents and grandparents of the applicant or the applicant's spouse are now considered dependents only if they are 65 years old and over.

Changes in state fees for real estate program applications

The fee that was set for families of 7 persons is no longer relevant as only fees for families of less than 6 persons will be in effect (the fee for additional dependent persons is 25,000 USD).

The state fees for applications submitted as part of the contribution to the Economic Diversification Fund have changed insignificantly. If a family consists of more than 4 people, the fee for eligible dependent relatives will depend on their age - 25,000 USD for people under 18 years old and 50,000 USD for people over 18 years old.

Source: Imidaily

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