Whatever property or location you are looking to buy; our real estate professionals are committed to:

INDENTIFYING YOUR NEEDS
our real estate professionals will create a personalized list of your options given your needs.

EXPLAINING THE BUYING PROCESS
Our experienced sales agents are knowledgeable of the buying process and will explain and manage the details of your real estate transaction

ADVISING YOU ON FINANCING OPTIONS
Our professional sales agents can help guide you through the complete property financing process. Should you have mortgage, valuation and title needs, RE/MAX Millenia Realty can assist you. Our team of professionals help to provide access to a complete real estate package.

KEEPING YOU INFORMED
Our real estate professionals are not satisfied unless you are satisfied. We will keep you informed on new listings and developments that suit your needs as soon as they come on the market.

BUYING LAND IN DOMINICA
1. The Seller must provide:
• The “Letter of Sale” that describes the basic details of the proposed transaction.
• The original Title document from which the new portion of land is being transferred.
• Details of any Caveats that have been placed on the land.
• A copy of the Notice of Approval from the Department of Physical Planning relating to a Sub Division or change of use.

2. The Surveyor undertakes the survey and provides:
• Three original copies of the Survey drawings that describe the absolute reference points, bearings and distances that make up the boundaries.
• A Certificate of Valuation
• In general the Buyer pays for the cost of these drawings and documents.

3. The Lawyer provides:

• A Statement for the Buyer showing how much money needs to be transferred. This figure includes the Transfer fees that are payable to the Government on all land sales in Dominica. Every purchaser has to pay a total of 10.95% as follows:

Stamp Duty Legal Fees Judicial Fees Assurance Fund VAT on Legal Fees

4% 3% 2.5% 1%  0.45%

• Receives the funds from the Buyer and holds them in a Client’s Account until the Seller signs the Transfer Document.
• Sends the file of Documents to the Registry.

As a general rule, the Buyer and the Seller use the same Lawyer in a non-confrontational way; similar to the way a Notary undertakes work for two parties on mainland Europe.
(The Seller pays a separate 2.5% Transfer Fee to the Government and any fees due to a Real Estate Agent, typically 5%)

4. The Registry:
• Accepts all the Documents.
• Co-ordinates with the Surveyor to hatch out on the original Title document the portion of land being sold.
• Double-checks everything and then issues new Title Document.
It should be noted documents can spend a year in the Land Registry…

5. Aliens Land Holding Regulations.
If the Buyer is a Dominican or comes from a country that is a member of the OECS (Organisation of Eastern Caribbean States) then there are no restrictions or extra fees.

If the Buyer is an Alien and wishes to purchase more than one acre for residential purposes or more than three acres for trade or business (these limits are doubled for couples buying a shared property or land), then the Buyer:

• Will be required to apply for an Aliens Land Holding Licence.
• Pay an application fee of EC$150 plus any stamp duty that is required.
• Assuming the Licence is granted then the Buyer pays an Aliens Land Holding Licence Fee equivalent of ten percent of the market value of the land/property being purchased. This fee is in addition to the fees listed above in paragraph 3…

If the Buyer is an Alien and wishes to purchase less than one acre for residential purposes or less than three acres for trade or business (these limits are doubled for couples buying a shared property or land), then the Buyer:
• Will not be required to apply for an Aliens Land Holding Licence
• Will be required to pay an Aliens Land Holding Fee equivalent of ten percent of the market value of the land/property being purchased. This fee is in addition to the fees listed above in paragraph 3.

Although historically there was an element of ambiguity about if an Alien needed to pay a fee even if no Licence was needed. However it is now clear in the Legislation that an Alien needs to pay the Land Holding Fee whether or not a Land Holding Licence is required.