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Change of permanent residency is more complicated issue than obtaining a
second citizenship. Acquisition of a second citizenship and establishing a
new residence could be a part of a long term estate or inheritance
planning.
DUAL CITIZENSHIP AND NEXT RESIDENCE
Dual citizenship and dual nationality is your safeguard against unknown
misfortunes. Dominica dual citizenship is your getaway from excessive
taxation. Dual citizenship and dual nationality is a key to preserve your
confidentiality. Significant part of our citizenship
clients who subsequently want to change the normal residency are wealthy
individuals (mainly Americans, Western Europeans or citizens of other high
tax countries), who want to save on their tax payments, enhance their
privacy and confidentiality of their affairs and enjoy the good weather
and climate all year round at the same time. It could be retired people or
businessmen who have sufficient funds to leave of their income, or those
who can work away from the original country of residence. These people are
interested in residing in Monaco, Switzerland, Andorra, Bermuda, Cayman
Islands, Bahamas and other Caribbean countries.
There is
another category of our clients, which is increasing fast. They are
wealthy businessmen or professional people from not so prosperous
countries, like the former Soviet Union, China and the Eastern Europe
countries. These people need a dual citizenship to establish a new
permanent residence in the counties of the European Union.
DUAL CITIZENSHIP OF DOMINICA AND BENEFITS IT OFFERS TO ESTABLISH A NEW
RESIDENCE Dominica offers significant benefits when it
comes to establish a new residence. As a citizen of the Commonwealth of
Dominica you will have visa free entrance to the countries members of OECS
(Organization of Eastern Caribbean States). It usually attracts people who
would like to live and work or retire in Caribbean. OECS is based on the
principle of the European Union. The OECS members are - St. Lucia,
Dominica, Antigua, Barbuda, St. Kitts and Nevis, St. Vincent and
Grenadines. They have the same currency - Eastern Caribbean Dollar, which
is tied to US Dollar at the rate of 2.7 and considered to be the most
stable currency in the Caribbean region. Work permit is not required if
you are a citizen of any of these countries and wish to work in any of
these islands. There were even talks recently to introduce the identity
card, which will substitute the current passports of the above states. The
economy of these countries is protected by multiple tax treaties. And some
of these countries are offshore tax havens, which mean that you can
organize your business in a way to minimize your taxes.
Dominica dual citizenship does not limit your residency choice with
Caribbean region only.
You can also establish new permanent residency in European countries like
Andorra, Monaco, Switzerland, Gibraltar, Malta, and Cyprus. These are very
popular destinations amongst our clients.
Citizens of Dominica, who permanently live in Bermuda, can visit the USA
visa free. But remember that permanent residency will not lead to
citizenship, which is very hard if not impossible to obtain. In Gibraltar,
you can establish the permanent residency through "High Net Worth
Individual" program. The procedure for application for the citizenship is
the same as in the UK - you can apply for the citizenship after 5 years of
residency in the country. But if you are in possession of a passport of
one tax haven jurisdiction and permanent residency in another tax haven,
you will not need the citizenship of the country you live in.
If you want to change you future residency when acquiring citizenship
through us, please make it clear to us. We can recommend you our partners
in other jurisdictions, where you want to establish a new residence on
completion. Change
of permanent residency is more complicated issue than obtaining a second
citizenship. Acquisition of a second citizenship and establishing a new
residence could be a part of a long term estate or inheritance planning.
Significant part of our citizenship clients who subsequently want to
change the normal residency are wealthy individuals (mainly Americans,
Western Europeans or citizens of other high tax countries), who want to
save on their tax payments, enhance their privacy and confidentiality of
their affairs and enjoy the good weather and climate all year round at the
same time. It could be retired people or businessmen who have sufficient
funds to leave of their income, or those who can work away from the
original country of residence. These people are interested in residing in
Monaco, Switzerland, Andorra, Bermuda, Cayman Islands, Bahamas and other
Caribbean countries.
There is another category of our clients, which is increasing
fast. They are wealthy businessmen or professional people from not so
prosperous countries, like the former Soviet Union, China and the Eastern
Europe countries. These people need a second citizenship to establish a
new permanent residence in the counties of the European Union.
Dominica offers significant benefits when it comes to establish a new
residence. As a citizen of the Commonwealth of Dominica you will have visa
free entrance to the countries members of OECS (Organization of Eastern
Caribbean States). It usually attracts people who would like to live and
work or retire in Caribbean. OECS is based on the principle of the
European Union. The OECS members are – St. Lucia, Dominica, Antigua,
Barbuda, St. Kitts and Nevis, St. Vincent and Grenadines. They have the
same currency – Eastern Caribbean Dollar, which is tied to US Dollar at
the rate of 2.7 and considered to be the most stable currency in the
Caribbean region. Work permit is not required if you are a citizen of any
of these countries and wish to work in any of these islands. There were
even talks recently to introduce the identity card, which will substitute
the current passports of the above states. The economy of these countries
is protected by multiple tax treaties. And some of these countries are
offshore tax havens, which mean that you can organize your business in a
way to minimize your taxes.
Dominica citizenship does not limit your residency choice with Caribbean
region only. You can also establish new permanent residency in
European countries like Andorra, Monaco, Switzerland, Gibraltar, Malta,
and Cyprus. These are very popular destinations amongst our clients.
Citizens of Dominica, who permanently live in Bermuda, can visit the USA
visa free. But remember that permanent residency will not lead to
citizenship, which is very hard if not impossible to obtain. In Gibraltar,
you can establish the permanent residency through “High Net Worth
Individual” program. The procedure for application for the citizenship is
the same as in the UK – you can apply for the citizenship after 5 years of
residency in the country. But if you are in possession of a passport of
one tax haven jurisdiction and permanent residency in another tax haven,
you will not need the citizenship of the country you live in.
If you want to change you future residency when acquiring citizenship
through us, please make it clear to us. We can you recommend our partners
in other jurisdictions, where you want to establish a new residence on
completion.
Please note that:
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We do not offer arrangement for new residence as a separate service.
Such enquiries will not be answered! |
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We do not provide assistance in acquiring citizenship in other
counties but Dominica. Such enquiries will not be answered! |
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