Frequently Asked Questions

Can foreigners legally buy property in Dominica?

Yes, foreigners can legally buy property in Dominica. However, they will need to obtain an Alien Landholding License, which is a government requirement for non-citizens wishing to own land.

Do I need a special structure like a trust or corporation to buy property in Dominica?

No, you do not need to establish a trust or corporation to buy property in Dominica. Individuals can purchase property directly.

Do I own the property outright as a foreigner in Dominica?

Yes, as a foreigner, once you purchase a property and the transaction is complete, you become the outright owner of the property.

What are the closing costs and taxes when buying property in Dominica?

The closing costs and taxes in Dominica include a 10% transfer fee, a 2.5% judicial fee, and a 3% assurance fund. There's also a 15% VAT on the legal fees.

Do I need to hire a lawyer when buying property in Dominica?

Yes, it is highly recommended to hire a lawyer when buying property in Dominica to ensure that all legal procedures are correctly followed and to protect your interests.

Can I get a mortgage in Dominica as a foreigner?

Yes, foreigners can apply for a mortgage in Dominica. However, the terms and availability might vary depending on the bank or financial institution.

Are there annual property taxes in Dominica?

Yes, there are annual property taxes in Dominica. The rates vary based on the type and value of the property.

Can I rent out my property in Dominica for income?

Yes, you can rent out your property in Dominica. There are no restrictions on rental income for foreigners.

Is the buying process safe and transparent in Dominica?

Yes, the property buying process in Dominica is generally considered safe and transparent. However, hiring a local lawyer can help ensure the process is carried out correctly.

Do I get residency or visa benefits by buying property in Dominica?

Yes, buying property in Dominica can qualify you for the country's Citizenship by Investment Program, which grants full residency rights and a Dominican passport.