As Rumors of a US$ 75,000 Contribution Option in Dominica Circulate, CIU Issues Warning
“Scammers claim that EDF option with Dominica CBI is now 75 000USD,” writes Alexandra Erlanger, Managing Director of CREI – a CBI consultancy – on Linkedin. The incorrect information has prompted the Dominica Citizenship by Investment Unit to issue an official warning on their website:
It has been brought to the Citizenship by Investment Unit’s attention that incorrect information is being circulated regarding changes to the EDF investment threshold. We hereby clarify that there have been no changes to the EDF option and that all contrary statement is baseless. Authorised Agents disseminating such information are warned that they may lose their license.
EDF investments remain:
- USD100,000 for a Single Applicant
- USD 175,000 for a Main Applicant and Spouse
- USD 200,000 for a Main Applicant with up to three qualifying dependents
- USD 25,000 for an additional qualifying dependant, other than the Spouse
In light of the recent drastic price cuts among Caribbean CIPs – both Saint Kitts & Nevis and Antigua & Barbuda have introduced a 50% discount in the last few weeks – a 25% reduction of investment requirements in Dominica may not sound as far-fetched as it would have just a month ago, underscoring the importance of dispelling rumors thereof without delay.
Image via: Dominica Citizenship by Investment Unit
Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 16 years in the United States, China, Spain, and Portugal.