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Dominica on the map: Details a foreign investor should know about the country before getting its passport

19 November 2018

Diving, hiking in the mountains, horseback riding tours, hot springs and small boiling lakes and black sand beaches… Dominica offers a wide range of emotions for active vacation enthusiasts and calm life lovers. Today this island attracts both exotics lovers and high-income business people.

Dominica is an exotic island in the Lesser Antilles of the Caribbean Sea

Dominica is an island country located to the east of the Caribbean Sea. With the mountainous terrain prevailing here, there are also several inactive volcanoes on the island. One of them is Morne Diablotins, which is the highest peak of the island (1,447 m).
Dominica is often called the ‘Nature Isle of the Caribbean’ for its intact natural environment. By the way, it is exactly Dominica where the ‘Pirates of the Caribbean’ was being shot. The major part of Dominica is covered by tropical forests, nature reserves and national parks. There are crater lakes and numerous waterfalls on the island. Average monthly temperature here is +27°C. Ocean breezes and trade winds help to endure the heat. Almost all the rainfall occurs in late spring and autumn. Tropical rains and storms might also happen during this period.

Capital city Roseau is a magnet for high-income tourists and a cradle of local culture and traditions. It has been hosting the World Creole Music Festival for 15 years. The city architecture bears colonial features that are in contrast with new modern houses style. The pearl of the capital is its botanical gardens and the gardens located near the Parliament building, rife with exquisite tropical flora species.

Living conditions in Dominica: Transport, education and medicine

One can arrive to Dominica by air or by sea. There are two airports in the country: Melville Hall Airport and Canefield Airport. You will not find direct flights to Dominica from Europe or the USA, this is why one can reach the country only via the neighboring islands of Antigua, Martinique and others.
Dominica can boast of the developed transport network. There are buses operating between main population centers. The most popular means of transportation is taxi. You can also rent a car here. However, in order to do so, you will need to obtain a local license that costs $12.
According to the Constitution of Dominica, children under 16 are to be provided with compulsory secondary education. Here you can find a range of elementary and secondary schools, so as a technical college. The education is provided at the expense of the government and local religious communities. Dominica’s education system is based on the UK educational model.
As of today, there are several big higher education institutions in Dominica: School of Medicine in Roseau, Institute for Tropical Marine Ecology and School for Marine Biology in Mahaut. However, locals can also get higher education in the universities of the United Kingdom, the United States and other Caribbean countries.
Dominica provides good medical services but the patients who need serious treatment are being transferred either to Martinique or to Barbados. As there is no insurance medicine in Dominica, each person must obtain individual medical insurance at a specialized company.

Economic situation

Dominica’s economy is based on agriculture. The major export crop of the island is banana. Dominica also exports citrus, cocoa, tobacco and coconuts. The key industry sector in the country is limestone and pumice quarrying. One can also find here factories specializing in the production of soap and other basic necessities.
Tourism is not as well-developed in Dominica as in other Caribbean countries: this situation can be explained by the absence of international airports on the island. However, the flow of tourists has been growing steadily in the past years. Cruise tourism and eco-tourism are what attracts tourists to Dominica. According to the official data, about 80,000 people visit the country every year.

Climate seriously affects Dominica’s economy. In 2015, Tropical Storm Erika caused dramatic damage to the country agriculture and tourist objects. In autumn 2017, Dominica was struck by two Atlantic hurricanes. Prime Minister Roosevelt Skerrit says that hurricanes Irma and Maria had an enormous negative impact on the island economy and infrastructure.

Statistics of passport issuance under Dominica’s Citizenship by Investment program

The passport program was launched in 1993. Attractive costs, a wide range of benefits, simple and quick processing — not surprisingly, the program got popular among foreign investors. Candidates from Iran, Iraq and Yemen can apply for Dominica’s citizenship. Moreover, the rejection rate is only 2%. Throughout the term of the program existence, it has proved to be the best choice recommended by numerous agents.
In the Professional Wealth Management ranking composed by the Financial Times leading group, Dominica ranked first, having beaten 11 participant countries. The following parameters were taken into consideration during the ranking compilation: program accessibility, the simplicity of document processing and Due Diligence procedure, absence of requirements regarding permanent residence in the country, etc. The ranking, however, had been composed before Antigua and Barbuda, so as Saint Kitts and Nevis, reduced their citizenship programs cost.
The Government rarely reveals passport issuance statistics. It is known that starting from the program launch to December 2013, about 12,000 applicants became the citizens of Dominica. In May 2017, Senator Jeisaiah Benua pointed out that the immigration program had allowed to attract $50,000,000 to the country budget.

Dominica’s citizenship is a promising opportunity for wealthy people

The country’s government is interested in attracting foreign investors whose investments contribute to the development of the national economy and infrastructure, and to the building of new real estate objects.
The citizenship of Dominica offers visa-free travel to 119+ countries of the world, assets protection, low tax burden, the opportunity to receive long-term visas to the USA and Canada and create a safe haven outside the homeland.

Interested in more detailed information about Dominica citizenship by investment program? Contact us!

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