OWN A PIECE OF PARADISEDominica has much to offer for those who are ready to leave town and start a new life in the tropics. The diving is great, the temperature is fantastic year-round, English is the official language and some properties are still in the affordable range. But there's a lot to consider before taking the plunge. Can you buy property or land? Do you have to live there to own? What are the taxes and fees involved in purchasing property? It can get pretty complicated, so www.sportdiver.com has compiled a brief list of resources for the adventurous.
Note: While we've done our best to verify that these websites and resources are legitimate, www.sportdiver.com and Sport Diver magazine cannot be held liable for information obtained from these sources. Each individual is responsible for verifying any information obtained through this or any other website.
EXAMPLES OF WHAT'S AVAILABLE IN DOMINICA
Can I buy property in Dominica?
Yes, under certain circumstances, according to Invest Dominica Authority. Individuals who are not citizens may hold less than one (1) acre of land for residential purposes or less than three (3) acres of land for commercial purposes without obtaining an alien landholding license.
However, the alien landholding license fee of 10 percent of the value of the land is payable, in addition to the following:
- Seven and one-half percent for the purchaser (this is inclusive of the assurance memorandum of transfer fee of one percent)
- Stamp duty of four percent
- Judicial fee of two and one-half percent
- Two and one-half percent vendor's fee of the land value
- Three percent of the value of land representing the solicitor's fee
- The value added tax of 15 percent.
For more information on the requirements and legal issues regarding the purchasing of land in Dominica, consult a licensed real estate attorney or research websites such as Invest in Dominica.
For further information on alien land holding requirements contact the Dominica Ministry of Agriculture, Fisheries and the Environment, Government Headquarters, Roseau, Dominica; Tel: 767 4482045, ext:3282/3439, or e-mail: email@example.com
Can I build a home in Dominica?
Yes, with certain restrictions (see above). Individuals who are not citizens can acquire land for the purposes of building under specific terms. Consult a real estate attorney for the terms and conditions. For more information on this subject, check out Invest in Dominica.
Are there employment opportunities, and are there permit requirements?Yes, Dominica has many opportunities for those seeking to find employment, or for those wishing to start a business or form a business relationship with Dominica. Some of the many resources available on this subject include the following Invest in Dominica links:
Other living abroad resources:
Disclaimer: The information and resources listed here are deemed correct at the time of publishing and are not an endorsement nor do they reflect the opinions of Sport Diver magazine and the PADI Diving Society or Bonnier Corporation. Each individual is responsible for investigating and verifying any information obtained through this or any other website