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Dominica Citizenship by Real Estate Investment

Citizenship by Investment

Real Estate in Dominica

Recognized as the “Nature Island,” Dominica is a nation located in the Eastern Caribbean, nestled between the French territories of Guadeloupe and Martinique. Investing in real estate in Dominica holds several advantages, including eligibility for the country’s Citizenship by Investment Program, making it an appealing choice for individuals seeking property investments in this Caribbean paradise.

Why make a real estate investment in Dominica?

  • Citizenship by Investment program
  • Natural beauty and lush landscapes
  • Stable economy
  • Tax benefits
  • Diverse real estate options
  • Tourism potential
  • Political stability
  • English language
  • Global recognition
  • Welcoming community and culture
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Processing Time

4-6 months

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Contribution

$ 100,000 USD

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Visa-Free Travel Within

160+ countries

Antigua and Barbuda Investment Options

The Citizenship by Investment program of Antigua & Barbuda necessitates investors to make a contribution to the National Development Fund or engage in real estate projects or government-approved businesses. In exchange for their investment, they are granted citizenship and a passport.

$200,000

Real Estate Investment

Applicants for the Antigua & Barbuda citizenship by investment program have the option of making a joint investment in real estate through the purchase of shares in a company holding the asset. Two applications from related parties in the amount of a minimum of US$200,000 will be considered as qualifying investment.

Real Estate Market Information in Dominica

The real estate market in Dominica has shown stability and growth, with the government controlling the number of real estate investments allowed under the Citizenship by Investment Program to ensure economic viability. This has resulted in a limited but exclusive selection of luxury developments. Dominica prioritizes sustainable infrastructure, fostering eco-tourism and environmental initiatives, leading to upscale properties nestled in forests and along riverbanks. Additionally, the scenic coastline offers significant potential for beachfront developments.

Real Estate Investment Criteria in Dominica

  • Property Location: Choose the right location based on your goals.
  • Property Type: Decide on the type of property that suits your investment strategy.
  • Legal and Regulatory Framework: Understand local laws and regulations.
  • Investment Budget: Determine your budget and financing options.
  • Economic Stability: Assess the country’s economic stability.
  • Infrastructure and Accessibility: Consider property accessibility.
  • Tourism and Demand: Research tourism trends and potential demand.
  • Environmental Factors: Be aware of environmental regulations.
  • Citizenship Program: Explore CBI program.
  • Local Real Estate Market: Study local market trends.
  • Due Diligence: Perform thorough property inspections and checks.
  • Legal Assistance: Work with local experts and attorneys.

Key Facts

Capital

Saint John’s

Languages

English (official)

Currency

East Caribbean dollar (XCD)

Population

94,298 Population 2023 estimate

Real Estate Investment Options in Dominica

  1. Residential Properties: Houses, apartments, and coastal properties for long-term or vacation rentals.
  2. Tourism-Based Properties: Eco-friendly resorts, boutique hotels, and vacation villas catering to eco-tourists.
  3. Agricultural Land: Investment in agricultural land for crop cultivation and potential tax benefits.
  4. Citizenship by Investment (CBI) Properties: Purchase approved real estate projects to gain Dominican citizenship.
  5. Rental Properties: Short-term rentals for tourists through platforms like Airbnb.
  6. Land Investment: Buying undeveloped land with zoning and development potential
  7. Renovation and Flipping: Purchase distressed properties, renovate, and sell at a profit.

Holding Period of Real Estate

The holding period for real estate in Antigua and Barbuda is a minimum of three years if you intend to resell it on the open market or five years if you plan to resell it to another Citizenship by Investment (CBI) investor.

Minimum Investment Requirement

The minimum real estate investment threshold for eligibility in Dominica’s Citizenship by Investment (CBI) program is set at USD 200,000. This investment amount allows individuals to acquire qualifying real estate and, in return, become eligible for Dominican citizenship, subject to fulfilling other program requirements.

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    Type of Ownership

    1. Freehold Ownership: Full and unrestricted ownership rights over the property.
    2. Leasehold Ownership: Rights to use a property for a specified period, typically long-term leases.
    3. Condominium Ownership: Ownership of individual units within a multi-unit development with shared common areas.

    Step-by-Step Guide to Buying Real Estate in Dominica

    1. Define your objectives: Determine your goals, such as personal use, rental income, or CBI program eligibility.
    2. Market Research: Research property prices, trends, and locations in Dominica.
    3. Budget and Financing: Set a budget and explore financing options if needed.
    4. Location Selection: Choose a suitable location that aligns with your objectives.
    5. Hire a Local Agent: Engage a local real estate agent for property search assistance.
    6. Property Viewings: Visit and inspect properties of interest.
    7. Negotiation: Negotiate the purchase price with the seller.
    8. Legal Representation: Hire a local attorney to review contracts and protect your interests.
    9. Purchase Agreement: Sign a purchase agreement with the seller.
    10. Closing and Enjoyment: Complete the transaction, register the property, and enjoy your investment.

    Property Purchase Taxes

    In Dominica, you don’t have to pay real estate taxes, but you do have to pay municipal taxes, which depend on where your property is and what it’s used for. These taxes won’t go over 1.25% of your property’s value.

    If you are not a resident and you earn rental income from outside Dominica, there’s a 15% tax on that income.

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Similar Citizenship by Investment Programs

      Legal and Regulatory Considerations

      Legal and regulatory considerations are pivotal when purchasing real estate. These factors encompass zoning laws, property rights, building codes, and tax implications, varying by location. Due diligence, contract review, and compliance with local laws are essential. Understanding permits, easements, and encumbrances is crucial. Seek legal guidance and conduct thorough research for informed real estate investments.

      Financial and Payment Options

      When purchasing real estate, you can choose various financial and payment options. These include paying in cash, obtaining a mortgage, exploring seller financing, leveraging home equity, participating in real estate crowdfunding, utilizing government programs, tapping into retirement account funds, considering lease-to-own arrangements, seeking private lenders, or entering joint ventures/partnerships, depending on your financial situation and goals.

      Curated Links for Dominica citizens

      Comparing Citizenship by Investment Countries

      Benefits of Citizenship by Real Estate Investment

      Here are some benefits of obtaining citizenship through real estate investment:

      • Second Citizenship and Global Mobility: CBI provides access to Dominican citizenship, offering visa-free or simplified visa access to various countries, enhancing travel and business opportunities.
      • Diverse Real Estate Options: Investors can choose from a range of real estate properties, including luxury resorts and eco-friendly developments, providing investment diversity.
      • Potential for Rental Income: Real estate investments can generate rental income, offering a potential return on investment.
      • Generational Benefits: Citizenship can be passed down to future generations, creating a lasting legacy for the investor’s family.
      • Tax Advantages: Dominica’s tax-friendly environment, with no wealth, inheritance, or capital gains taxes, makes it an attractive destination for financial planning and wealth preservation.

      Risks and Considerations

      When buying real estate in Dominica, it is important to consider several factors. The island’s vulnerability to natural disasters like hurricanes can impact property investments. Navigating local real estate regulations can be complex for foreign buyers, requiring expert guidance. Ensuring clear property titles and conducting due diligence are crucial to avoiding disputes. Assessing the island’s economic stability, property appreciation potential, and any restrictions on foreign ownership or residency requirements are also key considerations.

      Exit Strategy

      An exit strategy is a vital component of a real estate investment plan in Dominica. It involves planning how to exit or divest from a property investment, considering factors like market conditions, financial objectives, and property performance. Common exit options include selling the property, renting it out, or using it personally. A well-defined exit strategy helps investors optimize returns and manage potential losses effectively.

      Professional Guidance: How can MigrateWorld help you get citizenship by real estate investment?

      Migrate World is your dedicated partner in the pursuit of Dominican citizenship through real estate investment. Our experienced team expertly navigates the intricate application process, offering support from initial consulting and property selection to application processing and due diligence management. We handle all aspects of your Dominican citizenship by investment journey, ensuring your investment goals become a reality. With personalized guidance, we take pride in assisting you on the path to becoming a citizen of Dominica.

      List of Countries Offering Citizenship by Real Estate Investment

      Several countries worldwide offer citizenship by investment (CBI) programs that include real estate investments as a pathway to citizenship. These programs vary in terms of investment requirements, benefits, and eligibility criteria.

      Frequently Asked Questions

      The timeframe to obtain Antigua and Barbuda citizenship by investment can vary, but typically ranges from approximately 4-6 months from the submission of the application.

      To reside in Dominica as a foreigner, you must obtain official status within the country, which can be in the form of a residence permit or citizenship. In some instances, specific property investments may grant you citizenship, while in others, you'll need to go through the process of applying for a residence permit.

      Certainly, the primary applicant has the option to include their spouse and children aged 18 to 30 who are currently enrolled in college or university in the application for Dominican citizenship.

      Dominica permits citizens, residents, and foreigners to acquire property within the country. However, foreigners are required to secure a special license for land ownership, which comes at a cost equivalent to 10% of the land plot's price. An exemption from the Land Holding License requirement is granted to foreigners participating in the Dominica Citizenship program.

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