“Nature Isle of the Caribbean”
Dominica, officially known as the Commonwealth of Dominica, is an island republic in the West Indies in the Caribbean Sea. It gained independence from Britain in 1978 and has been a part of the Commonwealth since then.
Major city: Portsmouth.
Government: Unitary parliamentary republic.
Official language: English.
Major religion: Christianity.
Membership: Commonwealth, Caribbean Community (CARICOM)
Currency: Eastern Caribbean Dollar (XCD), pegged to the US dollar.
Geography and climate
Area: 750 km2.
Climate: Humid tropical marine, high rainfall during the wet season.
Air temperatures: average 29°C.
- Outstanding natural parks and reserves
- Hot springs, abundant waterfalls and rivers
- Lush mountainous rainforests
- Snorkelling and diving
- Welcoming people
Tourism sector has been developing slower than on neighbouring islands due to its volcanic landscape and fewer beaches. However, there are great opportunities to develop eco-tourism and attract nature lovers that come to Dominica every year to see its exceptionally beautiful flora and fauna.
Agricultural sector. Bananas remain the principal crop but the government realised that it needs to diversify this sector and offer other agricultural products. Around one third of the workforce is employed in this sector. At the same time the economy cannot solely rely on agriculture as it is highly exposed to weather conditions and external events.
Financial services is a fast growing sector with offshore banking at its core. Dominica has managed to improve transparency and information exchange procedures which makes it a trustworthy jurisdiction. It is becoming a major international financial hub with payment processing and corporate services providers generating the main part of its income.
Dominica’s Government is in the process of building the world’s first climate-resilient nation. It is calling for foreign investors to contribute in the development of sustainable and robust industries and infrastructure. This is a unique chance for anyone to implement the latest technologies and solutions.
Benefits for investors
- Citizenship for life for the whole family
- Dual citizenship
- Peaceful and welcoming environment
- Worldwide mobility
- Qualified English-speaking workforce
- Economic, political and social stability
- Tax benefits: no wealth, gift, inheritance, foreign income or capital gains tax
- No personal income tax for residents
- Double taxation agreements with the US and CARICOM
- No restriction on the repatriation of profits and imported capital
Citizenship by Investment Program
The Dominica Citizenship by Investment Programme (CIP) was established in 1993 which makes it one of the longest-running in the world. Foreign affluent individuals have been offered citizenship since then in exchange for their contribution to the economic development and growth of the island-nation, to creation of jobs and business opportunities of the people.
To encourage investments, the Government is continuously providing the legislative and administrative framework, as well as fiscal and technical support. Dominica is creating modern, diversified, sustainable, and resilient economic structures to meet the demands of a highly competitive global environment.
Anyone that makes one of the required investments may be qualified to obtain the Dominica passport. Apart from that all applicants must go through a stringent application procedure, including thorough due diligence checks.
Second passport with Imperial & Legal
Imperial & Legal will help you get a second passport of Dominica within the shortest time and at a minimum cost.
We have a team working in London and on the island that will assist you during the whole process, from selecting a real estate for investment, collecting documents and filling in all required applications to obtaining a passport.
We guarantee quality, reliability, professionalism and complete confidentiality.