Dominica is an appealing relocation destination for foreign citizens and entrepreneurs interested in exploring new ventures. These can apply for residency in Dominica after living here for 5 consecutive years. Another option is the citizenship by investment scheme.
If you are interested in a residence permit for Dominica, we recommend using the golden visa program that has multiple benefits. We encourage you to request the services provided by our specialists who can help you enjoy living here through the citizenship by investment scheme.
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Dominica’s residence permit options for foreigners in 2024
If you are interested in becoming a resident of Dominica without having to contribute to the economy, which would enable you to become a golden passport holder, these are your options:
There are several aspects you need to take into account when moving to Dominica:
- you need to have a 6-month validity passport;
- depending on your country of origin you can enter Dominica without a visa and stay here for 3 months;
- there is also the possibility of entering Dominica without a visa and staying here for 6 months if you are citizen of several European countries or South American states.
You can request more information on visa requirements from our agents. You should note that you might need an entry visa even if you buy a golden visa for Dominica in 2024. It will serve you to enter the country and stay here until the residence permit is issued.
The requirements of citizenship by investment countries will determine the available investment possibilities; however, real estate is the preferred choice among investors. Due to the capability of maintaining its value , real estate purchase is definitely an asset for international investors.
How to obtain residency in Dominica by employment
It is not uncommon to immigrate to Dominica and apply for a residence permit after finding employment with a local company. However, you must first secure a 6-months labor contract. If renewed, you can qualify for permanent residency after 5 years of living here.
However, for those interested in acquiring permanent residence or citizenship in Dominica faster, the golden visa/golden passport program is a better choice. Our local consultants are specialized in offering assistance in immigration in citizenship by investment countries.
In terms of starting a business in Dominica and obtaining a residence permit in 2024, you need to register a company with the Trade Register and live here based on temporary residency. Such a permit has a validity of one year and is renewable.
Permanent residency in Dominica
As mentioned earlier, permanent residency in Dominica can be acquired after 5 years of living here uninterruptedly. For this purpose, the one-year temporary residence permit awarded the first time must be renewed annually. It is recommended to consider renewal a few months before expiry.
If you are interested in relocating to Dominica by applying for residency through employment or by simply living here, you need to file the application with the Ministry of National Security, Labor and Immigration.
Tax residency in Dominica
Moving to the Dominican Republic does not come with residency benefits. To qualify as a tax resident, a person needs to:
- possess a permanent residence permit and reside in Dominica for a specific period during the tax year, unless the Comptroller of Inland Revenue deems the absence to be reasonable;
- alternatively, one may live in Dominica for 183 days or more during the tax year, or they may be in Dominica continuously for less than 183 days while still being residents of the previous or following tax year.
The imposition of personal income tax is based on residency and remittance: people who live or would normally dwell in Dominica are liable to pay personal income tax wherever in the world.
Citizenship by investment in Dominica in 2024
One of the simplest ways of obtaining residency and citizenship in Dominica is the golden visa program. The main advantage of this scheme is that you are not required to live in the country to qualify for the status of Dominica’s citizen.
On the other hand, you need to consider making a significant contribution to the local economy under one of these two options:
- a minimum contribution of 100,000 USD to the Economic Development Fund;
- real estate acquisition in an approved development site with a minimum value of the property of 200,000 USD;
- if moving here with the family, the cost can increase to 175,000 USD for the main applicant together with the spouse and two minor children.
Dominica is a small island in the Caribbean Sea that is home to some 70,000 people. It is part of the Antilles archipelago. The island includes a volcano, numerous waterfalls, and a great rainforest covering 34% of its surface. Agriculture, tourism, and manufacturing account for the majority of its economic activity. The East Caribbean Dollar is its official currency, English is the primary language, and Roseau is the nation’s capital. Dominica is the ideal spot to reside in the Caribbean for expats seeking a tranquil pace of life because it has been spared from mass tourism.
If you want to apply for a residence permit in Dominica and need assistance, do not hesitate to get in touch with our local specialists for guidance on all available options.