Under new conditions, those investing not less than €250,000 in national property funds or €500,000 into real estate will be able to apply for a renewable residency permit for a period of 10 years. In addition, it is planned to be provided for those who will invest minimally €1 million in the so-called public trusts. They were created by Hungarian government in order to ensure university activities.
It's worth mentioning that the former program was closed in 2017 amid a corruption scandal. At that time, a residence permit, along with the opportunity to freely move around the EU were provided for the purchase of government bonds amounting to €300,000. This resulted in an immigrant growth coming from Russia and China. Ultimately, the program was closed after a wave of media publications.
The decision on the new program is expected in early or mid-December. It is unclear when it will come into force, whether directly after it's been adopted, or later. Obviously, the government will need time to develop new legal parameters.
Dominica's Electronic Citizenship Program provides a compelling opportunity for foreign investors to obtain citizenship through investment, delivering a suite of substantial benefits tailored for personal convenience and strategic financial management.
At the moment, Dominica does not offer digital citizenship in the way it is implemented in some other countries, such as Estonia, where anyone can become an e-resident and do business in the European Union while remaining physically outside of it.
Dominica and the Dominican Republic are often confused due to their similar names, but they differ significantly in geography, culture, and governance.
