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Top 8 Reasons to Invest in Real Estate in Dominica:

1. Dominica Real Estate Prices
Dominica offers some of the most affordable real estate in the Caribbean region making it a low-cost retirement destination.

2. Stable exchange rate
Local currency is the Eastern Caribbean Dollar or XCD.

1 USD = 2.7169 XCD

3. English Spoken as the Native Language in Dominica
For French visitors the French dialect spoken is an asset.

4. Strong Tourism Trends in Dominica
Tourism is on the upswing in Dominica. Dominica has successfully marketed itself as the "nature island of the Caribbean," seeking to attract eco-tourists interested in landscapes and wildlife. The government realizes that intensive tourism is incompatible with preserving the island's eco-system and in 1997 signed an agreement with Green Globe, the environmental division of the World Travel and Tourism Council, to develop the island as a "model ecotourism destination." The 3-year program provided technical expertise on environmental management as well as helping to market Dominica through specialist travel companies. Dominica has a many famous tourist spots, such as the Indian River in Portsmouth, Emerald Pool, Trafalgar Falls, Scotts Head (where the Atlantic Ocean meets the Caribbean Sea), and the world's second-largest boiling lake, which is inside Morne Trois Pitons National Park. The national park, itself, has been designated a World Heritage Site. Dominica also has many excellent diving spots due to its steep drop-offs, healthy marine environment, and reefs.

In 2004, because of its natural beauty, Dominica was chosen to be one of the primary filming locations for Pirates of the Caribbean: Dead Man's Chest and its follow-up, At World's End.

5. Dominican Laws Fair to Foreigners
There are little restrictions imposed on foreigners purchasing property in Dominica and buying decisions can be made and executed quickly, with relative ease.

6. Dominica's Emerging Market Potential
The scope of real estate opportunities in Dominica are diverse and plentiful. The Dominican government also offers incentives for foreign investors to develop resorts and tourist infrastructure along its shores.

7. Stability in Dominica
Dominica is a true democracy whose citizens enjoy political and economic stability. A member of the British Commonwealth, Dominica’s legal system is based on British common law.

8. Dominican Lifestyle
365 Rivers. Friendly people. Numerous waterfalls. Lush rainforest. Who doesn’t want to live in the nature isle? Many visitors and real estate purchases have fuelled publicity about Dominica.

General Information

Location: Dominica is an island located between the Atlantic Ocean and the Caribbean. Its total area is 754 square kilometers (290 square miles), making it the largest of the English-speaking Windward Islands, and it is slightly more than 4 times the size of Washington, D.C. Located in the Southern Caribbean, bounded to the North by Guadeloupe, and to the South by Martinique.

Land Area: 290 square miles.

Capital and Major Towns: Roseau (Capital), Portsmouth, Marigot

Climate: Sub Tropical (dry and wet season)

Rainfall: Ranges from 50 inches along the coast, to over 300 inches in the interior.

Population: Approximately 70,000

Languages: Official language is English. French dialect is widely spoken.

Religions: Mainly Christian denominations. 80% Roman Catholic.

Form of Government: Democratic Republic based on British Westminister System.

Currency: Eastern Caribbean Dollars.

Exchange Rate: US $1.00 = XCD$2.7169

Principal Exports: Bananas, soap, bay oil, vegetables, grapefruit, oranges.

Principal Imports: Manufactured goods, machinery and equipment, food, chemicals.

Major Trading Partners: United States of America, United Kingdom, CARICOM countries, China, and Canada.

Electric Power: Dominica Electricity Company Limited Voltage 220 Volts. Residential customers pay approximately EC$0.70/kWh (US$0.26) for the first 50kWh and EC$0.81/kWh (US$0.30) for additional kWh.

Telecommunications: All automatic systems: Direct dialing with major countries in the world, cellular, telexes and faxes. Internet access widely available.

Entry and Visa Requirement: Visitors are permitted to stay up to one (1) month provided they have a valid passport. Nationals of few countries require a visa for entry to Dominica.

Living: Dominica is located in the southern Caribbean, sandwiched between the French department islands of Guadeloupe and Martinique. Dominica is widely acknowledged to be one of the most pristine countries in the Caribbean. There is an increasing population of North Americans and Europeans investing in Dominica due to its ideal climate and safe political structure.

Dominica is the fourth largest English speaking Caribbean territory. The rainy season runs from June to November and the dry season is December to May. Natural hazards in Dominica include: occasional earthquakes, and hurricanes along Atlantic coast.

The Government of Dominica is a democratic republic. The capital city is Roseau, and most of the nation's commerce takes place in the Roseau city limits. Dominica's basically stable economy depends on tourism, agriculture, and Construction. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange. CSME implementation would result in economic reforms and an improved investment climate.

Holidays: Dominica is a Catholic country and it’s holidays are mostly church-related. Most businesses, including banks, close on official holidays. The country respects certain days during, Easter Holy Week, namely Good Friday and Easter Monday. Banks and offices are closed. And hotels and car rentals are booked solid weeks in advance as everyone seems to head for the beach. Many businesses now take the whole Christmas holiday week through New Year as an unofficial holiday.

Carnival is a perfect opportunity to see colorful costumes. Carnival is a festive season which occurs immediately before Lent; the main events are usually during February. Carnival typically involves a public celebration or parade combining some elements of a circus, mask and public street party. People often dress up or masquerade during the celebrations, which mark an overturning of daily life.

This is the list of the main and official holidays in Dominica:

January 1st
February 20th & 21st
April 6th
April 9th
First Monday in May
Last Monday in May
First Monday in August
November 3rd
November 4th or 5th
December 25th
December 26th

New Year's Day
Carnival Monday and Tuesday
Good Friday
Easter Monday
Bank Holiday
Whit Monday
August Monday
Independence Day
Community Day of Service
Christmas Day
Boxing Day

 

 

 

 

 


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        Corporate Office: 24 Church Lane, Pottersville, P.O. Box 1232 Roseau, Dominica, W.I.       Tel:767-449-9030; Fax:767-448-1733; Emergencies 767-275-0473   

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