Real Estate | Dominica
The real estate market in Dominica has been stable and has increased over the past few years. The government has deliberately set limits on the number of real estate investments introduced to the nation through the Dominica Citizenship by Investment Program in order to ensure that only economically viable projects are available under the program. As such, there are a few small luxury developments available through the program for foreign investors.
Holding period of real estate: Minimum three years or five years.
Minimum real estate investment: USD 200,000
Type of ownership: Sole or shared ownership
Rental income opportunity: 2–5% on residential property
Are there any restrictions on the acquisition of property in Dominica by foreign buyers?
No, there are no restrictions on real estate acquisition by foreign buyers.
How can immovable property in Dominica be acquired?
Immovable property in Dominica can be acquired through a normal purchase agreement between the buyer and the seller. The transfer laws are simple and straightforward.
Does the applicant need to open a bank account in order to purchase Dominica property, and if so, what is the procedure?
No, the successful applicant does not need to open a bank account on the island.