The Complete Guide to Dominica Real Estate

Also known as the Nature Island, Dominica is a country in the Eastern Caribbean, situated between the french islands of Guadeloupe and Martinique. This Caribbean island offers excellent opportunities for those who want to invest in property.

Ten Reasons to Buy Property in Dominica:

• Prices are lower than in many other Caribbean islands
• Get the Dominica passport for you and your family 
• Beautiful untouched island in the Caribbean
• Proximity with the US
• Sustainable island 
• Low cost of living
• Incredible weather
• Relaxed pace of life
• Get the Dominica passport in 3 to 4 months 
• No wealth, gift, inheritance, property, or capital gains taxes

Where to buy?

If you are considering buying land or buildings in Dominica, you can buy it independently or through Dominica Citizenship by Investment Program. To qualify, you must purchase pre-approved property worth at least $200,000. The investment must be held for three years from the date your citizenship is granted, and can only be resold under the same citizenship program after five years.

There are many properties approved by the government, offering you options such as villas, hotels, luxury resorts, eco-lodges, and condos. Some of the most popular locations are Portsmouth, Soufriere, Salisbury, and around the capital Roseau.

Market History and Overview

Property prices

A quick glance at Dominica real estate listings will show that prices in Dominica vary according to the location, but are surprisingly affordable in general. In order to qualify for the Dominica passport, you must make an investment of at least $200,000. Remember that prices in Dominica are significantly lower than in most of the other Caribbean islands due to the island’s preservation from mass tourism.

Property specialists

Finding the perfect investment in Dominica can be a complicated process, and it is important to be aware of all the processes that may apply to your specific circumstances.

Our team of specialists at Global Citizen Solutions has almost a decade of experience when it comes to Citizenship by Investment in Dominica. Click here to get in touch and start building your personalized investment plan.

Step-by-Step Guide

Requirements

Here is what you will need to do:

• Look for properties through an authorized real estate agent, or by yourself and find the one that interests you.
• Hire a lawyer and have them draft a Purchase and Sale contract, you’ll normally have to pay a 10% deposit for the property to be secured under your name.
• Get a surveyor to conduct the valuation and prepare documents for the title transfer – if titles can’t be transferred, your deposit will be refunded.
• Once approved, documents will be submitted by the lawyer to the Land Registry to register you as a new owner.

Transaction costs

Here are the fees that you will need to pay for transactions:

• Legal fees: 3% (15% VAT might apply)
• Judicial fees: 4%
• Assurance Fund Fee: 1%
• Stamp Duty: 4%
• Valuation fees

Is it worth getting property in Dominica?

Why work with Global Citizen Solutions?

• Global approach by local experts. We are corporate members of the Investment Migration Council, with local expertise in all six Caribbean CBI programs.
• 100% approval rate. We have never had a case rejected and will offer you an initial, free-of-charge, due diligence assessment before signing any contract. 
• Independent service and full transparency. We will present to you all the investment options available, and all expenses will be discussed in advance, with no hidden fees.
• An all-encompassing solution. A multidisciplinary team of immigration lawyers, investment specialists, and tax experts will take into consideration all your and your family’s mobility, tax, and lifestyle needs. 
• Confidential service and secure data management. All private data is stored within a GDPR-compliant database on a secure SSL-encrypted server.

FAQs:

Can foreigners buy property in Dominica?

Yes, foreign investors can buy properties in Dominica. If you are looking for properties, you can compare listings in order to find the best options available. But if you plan to build your perfect place, you can also look for land for sale.

How can I get Dominica citizenship?

You can get a Dominica passport through the Dominica Citizenship by Investment Program. Investments can be made through a donation to the Economic Diversity Fund (EDF) or by purchasing real estate in the country.

What are the property options?

Whether you are looking for Dominica real estate investment or planning to relocate, you can find villas, apartments, hotels, and luxury resorts for sale at diverse prices. Whether you are looking for a residence or a commercial property, you’ll find plenty of options available.

What are the best places to buy property for sale in Dominica?

Some of the best places are Portsmouth, Soufriere, Salisbury, and around the capital Roseau.

Is real estate via citizenship by investment expensive?

In order to obtain the Dominica passport through citizenship by investment you will need to buy pre-approved property worth at least $200,000. Due to its preservation from mass tourism, local real estate is one of the cheapest in the Caribbean, making Dominica real estate citizenship a very attractive option.

How is life in Dominica?

As you can imagine, life in Dominica has a relaxed pace, compared to the UK or US. The weather is sunny all year round, and you can enjoy the beaches and the beautiful nature.