Dominica is a country located on the island of the same name in the Caribbean Sea. The island is named in Spanish in honor of its opening day - Sunday. The English and French colonialists have long disputed the right of ownership of the island. In 1763, Dominica officially became a colony of Great Britain, and achieved independence in 1978. Dominica is sometimes called the "Caribbean Island of Nature", which apparently reflects its pristine natural beauty. It is the youngest island among the Lesser Antilles,
The island is actively visited by tourists. The capital of Dominica, the city and port of Roseau— occupies a dominant position on the island. Melville Hall Airport is located near the capital. The second most important place is occupied by the city of Portsmouth.
Dominica offers one of the most attractive citizenship-by-investment programs in the Caribbean. The minimum investment in real estate required for citizenship is $200,000. The investor must hold the property for at least three years. Alternatively, a donation to the country’s economic fund is also an option for obtaining citizenship.
The real estate market in Dominica is steadily growing, driven by interest from international investors. The growth of tourism and environmental projects is increasing demand for real estate. The market is expected to continue growing in the coming years, particularly as wealthy individuals seeking second citizenship show increasing interest in the country.
As in any other Caribbean region, investors should consider potential natural risks such as hurricanes. However, Dominica is actively developing infrastructure and offers insurance solutions to protect properties from natural disasters.
Thus, real estate in Dominica presents an attractive opportunity for foreign investors, especially those looking to obtain citizenship in exchange for investment. The island offers unique natural beauty and a stable investment environment, making it an ideal place for long-term investments.
In addition to the primary applicant (investor), the following categories of individuals can obtain Dominica citizenship through the investment program:
All applicants must meet the program's requirements and undergo a due diligence process.
Taxation in Dominica depends on the status of the taxpayer and is progressive and amounts to 15%-35%.
Non-residents pay taxes if they receive income from sources in the country.
Residents pay tax on all income earned in the country and abroad.
An investor does not become a tax resident after receiving a passport. This status can be obtained if you live in the country for more than 183 days a year. Participants in the Dominica Citizenship by Investment program are not required to live in the country either before or after obtaining a passport.
When buying real estate, stamp duty, legal and judicial taxes are paid, as well as tax to the Insurance Fund, which is 10.5% of the transaction amount.
There is no capital gains tax or real estate tax in Dominica, but depending on the area, a local municipal tax is paid, amounting to about 1.25% of the property value.
Companies in Dominica pay 25% of profits and contribute 7% of employees' salaries to social funds.
In order to avoid double taxation, Dominica has concluded an agreement with all Caribbean countries (CARICOM).
Choosing the type of activity
Get advice from our experts, determine the type of activity and choose the appropriate legal form. Dominica has a strict business type policy and this may significantly affect business operations in the future.
Choosing a name and registering a company
• Register a company in Dominica with CIPO;
• Submit information about the new company to the Department of Internal Revenue and obtain a tax number;
• Register with the Dominica Social Security System;
Opening a bank account
Obtaining all necessary permits and licenses
Exclusive real estate services
Banking assistance (local and offshore accounts)
Company registration/incorporation (local and offshore companies)
Police reports for approved clients
Getting a driver's license
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The initial amount is approximately 30% of the total investment amount and will depend on the program and the composition of the family.
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