A Guide to Buying Property in Dominica for Foreign Buyers
One of the best-kept secrets of the Caribbean, Dominica is a modern-day Eden with a pristine environment and a small, but developing property market that has caught the attention of “in the know.”
If you are currently considering investing in real estate in Dominica but you are wondering “where are the best places to buy property in Dominica?” or “how do I go about owning property in Dominica as a foreign buyer” then this guide is for you.
Our guide takes you through the process of buying property in Dominica from beginning to end, including an introduction to the real estate market, the buying process and the taxes you will need to be aware of.
Overview – The Dominica Real Estate Market
Located north of Martinique and St Lucia, Dominica is a spectacularly green island of rainforest-covered mountains, 365 rushing rivers, 23 waterfalls and black sand beaches. A nature lover’s paradise, the island has made a great effort to protect its pristine landscape and encourage sustainable eco-tourism. In the process, Dominica has managed to avoid the mass tourism that has come to other destinations, preserving the spectacular natural beauty for the lucky few.
In the last couple of years, a small number of luxury boutique resorts have been announced as part of Dominica’s Citizenship by Investment Program. These resorts will offer the opportunity to own a slice of this magnificently beautiful island. These resort condos and hotel suites are set to complement the island’s existing supply of homes and houses for sale. Lots of beachfront land are also available, often at a significantly lower price than other Caribbean locations.
There are plans afoot for a new international airport in Dominica, which is expected to provide an additional boost to the island’s small but growing real estate market.
Buying Property in Dominica
Can foreigners buy property in Dominica?
Yes, foreigners can buy property in Dominica and the Government of Dominica welcomes investment from overseas buyers. All foreign buyers need to pay an Alien Landholding fee which is 10% of the value or purchase price of the property value (whichever is greater). In addition, all foreign buyers of over 1 acre of land for personal use, or over 3 acres of land for commercial use are also required to apply for an Alien Landholding License which is specific to a particular property and is non-transferable.
Alternatively, foreign buyers purchasing property in an approved real estate project may qualify for full citizenship of Dominican under the Dominica Citizenship by Investment Programme.
Buying property in Dominica is a relatively simple process, which typically involves the following steps:
- Begin your property search.
- Find your perfect property and make an offer.
- Once you have made an offer and that offer has been accepted, a lawyer will draw up a Purchase and Sale Agreement.
- A surveyor will value the property and prepare new Survey Plans.
- You will also need to pay a 10% deposit which can be held in escrow by the seller’s lawyer.
- Once the balance plus all other fees have been paid, a Memorandum of Transfer is executed and title transferred.
- Pay all required taxes and fees.
Taxes & Fees
Buyers are required to pay an Assurance (Memorandum of Transfer) fee of 1%, stamp duty of 4%, judicial fees of 2.5% and legal fees of 3%.
The seller is responsible for paying stamp duty of 2.5%.
Search Dominica Real Estate Listings
As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property in Dominica.
Homes for Sale & Condos for Sale
Land for Sale
You can also browse undeveloped land. Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Dominica.
Whether you are looking for beachfront land or a centrally located lot, we’re here to help you find the perfect lot of land for sale in Dominica.
For larger parcels of land for commercial development, please see our commercial real estate listings.
Hotels for Sale
Searching for hotels for sale in Dominica? Browse hotels, B&Bs and guests houses right here.
Finding the Perfect Property for Sale in Dominica
Discover the most sought after real estate investment opportunities and benefit from unrivaled insight into the market.
To find your perfect property in Dominica, search our Dominica real estate listings.
Best Places to Buy Property in Dominica
For those considering investing in Dominica real estate, there are several areas of particular interest on the western coast of the island, including Portsmouth, Salisbury and around the capital Roseau.
Calibishie & Marigot
The towns of Calibishie and Marigot on the north-eastern coast of Dominica are surrounded by picturesque, rugged and unspoilt greenery, sparkling rivers and palm-fringed beaches. Existing homes are available, as well as plots of land – both beachfront and hill-side.
Lush, green Central Dominica also offers some beautiful homes nestled in nature – ideal for relaxing surrounded by almost untouched forest and sparkling waterfalls. Offering stunning views of the green forest-covered mountains, there are large parcels of land for sale in Central Dominica, which would be ideal for agricultural use, farming or the development of an eco-resort.
How long can a foreign citizen stay in Dominica?
Citizens of the USA, Canada, UK, and member countries of the Commonwealth and CARICOM are permitted to remain in Dominica on holiday without a visa for up to 6 months.
How do I become a resident of Dominica?
Individuals looking to stay longer than 6 months in Dominica can apply for a temporary residence permit. This permit essentially extends your stay as a visitor and does not permit you to work in Dominica.
Individuals who have renewed the one-year temporary residency permit annually for 5 years can apply for permanent residency in Dominica.
How do I become a citizen of Dominica?
Individuals who have lawfully resided in Dominica for 7 years can apply for citizenship by naturalization. Residents with a Dominican spouse may apply for citizenship by naturalization after 5 years of residency.
In addition, Dominica operates a Citizenship by Investment Programme which offers qualified investors the opportunity to obtain full citizenship of Dominica in exchange for a significant contribution to the nation’s finances, either through a financial contribution to a government fund or via investment in an approved real estate project.
Read more: Dominica Citizenship by Investment.
Mortgages in Dominica
Looking for financing to fund the purchase of property in the Caribbean?
Contrary to popular misconception, it is possible for foreign nationals looking to invest in Dominica real estate to apply for a mortgage.
Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in Dominica.
For more information, see our page on: Caribbean mortgages.
Sending Money to Dominica
You could save money when investing in Dominica real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in Dominica. To see how you could save money, read more: Foreign Exchange.
How to Get to Dominica
There are no direct flights to Dominica from the USA, Canada or Europe.
Take a flight to Antigua, Barbados or San Juan (Puerto Rico).
Then take a connecting flight via regional airline LIAT to Dominica’s Melville Hall Airport located on the north-eastern coast.
Antigua to Dominica: 40 mins
Barbados to Dominica: 60 mins
Puerto Rico to Dominica: 1 hour 45 mins