Wondering how to retire in Dominica? There are definitely plenty of pros to retiring in Dominica: You can explore the ‘nature island’ and enjoy a relaxed pace of life in one of the cheapest Caribbean islands!
This guide presents you with various advantages of retiring in Dominica.
Incredible nature
A tranquil and relaxed way of life
Cheap and affordable lifestyle
Private healthcare available
Tax-free privileges
Get new passport via Dominica's Citizenship by Investment
Called ‘Nature Island’, Dominica has plenty to offer for those who love to explore and admire natural wonders. Home to splendid natural parks, luxurious tropical forests, and beautiful beaches, Dominica is the place to be if you love adventures. Snorkel among the incredible coral reefs of the island and swim in impressive waterfalls, while soaking under the sun.
Whichever city you choose to retire in Dominica, you will always find nature around you. Even in Roseau, the bustling capital, you will find breathtaking views of the Caribbean sea and the tropical forest. Some of the best cities to live in Dominica are the capital, Roseau, Portsmouth, Soufriere, and Marigot.
Largely preserved from mass-tourism, Dominica is a piece of heaven for those looking to retire in a quiet place with plenty to do.
One of the best things about retiring in Dominica is its affordable cost of living. Local products such as vegetables, fruits, fresh bread, local cheese, and rice are cheap compared to the US or the UK. Head to one of the numerous local markets on the island and buy some fresh, organic, and locally grown fruits and vegetables.
Rents in Dominica are also very low compared to the rest of the world. Rent a one-bedroom apartment in the city of Roseau for $300 and a three-bedroom apartment for $800.
Apartments outside the city center are even cheaper with prices such as $200 for a one-bedroom apartment and $400 for a three-bedroom apartment.
To the joy of those who appreciate Dominica’s local cuisine, eating and dining out is also cheap. Enjoy a local meal in an inexpensive restaurant for $7, and a three-course meal for two persons in a mid-range restaurant for $70.
A very convenient thing about Dominica is that it is a tax-free haven Dominica doesn’t impose any wealth, gift, inheritance, foreign income, or capital gains tax, and no personal income tax for its residents.
Community health care services are free in Dominica. You can also find affordable private health services, however, depending on what kind of treatment you need, you might not find many specialized health services. It is highly recommended for retirees to get a private health care scheme when living on Dominica island. Take a look at these health insurance companies that offer full coverage for those living in Dominica: Allianz, Cigna Global Health, and Clements Worldwide.
Looking to retire and live permanently in Dominica? The Dominica Citizenship by Investment Program is one of the best options to retire in Dominica. For an investment of at least $100,000 through the Government’s Economic Diversification Fund or an investment in real estate enjoy a life-long stay in Dominica. You can acquire the Dominica passport for you and your family in as little as 4 months.
Among many advantages, a Dominica passport allows you to buy land on the island, and travel to more than 140 countries visa-free.
If you do not want to invest in Dominica, you can also apply for the temporary residency visa – to be renewed every year. However bear in mind that you will not be able to buy land, nor obtain citizenship through this path. In order to have the Dominica passport and buy land, you will have to make an investment on the island through the Dominica Citizenship by Investment program.
Relocation can be a stressful process even more so if you do not have any connections in your new home. Just like you, there are plenty of like-minded individuals who chose to retire and live in Dominica.
Find new acquaintances on forums or take a look at these companies who specialize in connecting expats together:
Retiring in Dominica is relatively cheap compared to the rest of the Caribbean countries, the US and the UK. Local products and real estate are actually cheap.
Thanks to the Dominica Citizenship by Investment program, it is now possible for foreigners to retire and live permanently in Dominica, providing that an investment of at least $100,000 is made to the Government or in real estate. You can also apply for temporary residency, which has to be renewed each year and doesn’t allow you to purchase land.
Some of the best places to live in Dominica are Roseau, Portsmouth, Marigot, and Soufriere.
In Dominica there are free community health care services. You can also find affordable private health services. However, it is highly recommended to get a private health care scheme when moving to Dominica.
In order to get the Dominica passport, you have to invest through the Dominica Citizenship by Investment Program. For an investment made of at least $100,000 in the Government’s Economic Diversification Fund or through real estate property, obtain Dominica citizenship along with its many worldwide advantages.
Yes, it is safe to retire in Dominica. The country has a very-low rate of criminality.
