Real estate investment in Dominica has a lot to offer investors. By far the largest benefit is gaining citizenship to the country. We discuss.
More and more people are investing in real estate all over the world. Dominica has so much to offer investors. Whether you are a seasoned investor, or looking to invest for the first time, real estate investment in Dominica could be exactly what you’re looking for.
Why consider a real estate investment in Dominica?
With real estate options all around the world, what does Dominica have to offer potential investors?
The aptly named ‘Nature Isle of the Caribbean’ offers a sustainable real estate option that is difficult to resist because of the unique advantage that it presents: citizenship. The benefits of investing in Dominica’s real estate far outweigh what most other countries can offer. These options are great for potential investors and are not only luxurious, but also eco-friendly.
Being able to make this tropical paradise a home away from home is an exciting prospect for your entire family. Many of the luxury eco-resorts allow you to stay there once you have invested in the property. With breathtaking beaches, awe-inspiring jungles and an inviting culture, there is something for everyone on the Nature Isle.
Dominica’s Citizenship by Investment (CBI) Programme is well-established and benefits locals and investors alike. Investing in the Real Estate Investment Option means specifically choosing to invest in Dominica’s thriving tourism industry and creating jobs for the local people as well. Dominica’s goal to become a climate-resilient nation underpins every new CBI development. There are many sustainable options for you to choose from. The climate-resilient infrastructure used on the eco-resorts goes hand-in-hand with one of Dominica’s goals of taking urgent action to combat climate change and its impacts.
What is Dominica’s Real Estate Investment Option?
By purchasing a unit in an Approved Project worth at least US$200,000, you can obtain Dominican citizenship in as little as three months. Investing in Dominica is preferable to purchasing real estate in other countries owing to the incredible benefits you receive by becoming a citizen. Additionally, you will also be contributing to Dominica’s climate resilience goals and enjoying luxurious accommodation too.
In addition to the minimum investment amount, a government fee of US$25,000 is also applicable for a single applicant. If you are including family members in your application, the government fee will range between US$25,000 and US$70,000 depending on how many people are included. Real estate must be held for either three years from the date your citizenship is granted. If the future purchaser is also a citizenship by investment applicant, five years from the date your citizenship is granted.
Three examples of Dominica’s Real Estate Investment Options
Here are three of the many luxurious government-approved eco-resorts that you can choose to invest in today.
1. Jungle Bay Dominica
Jungle Bay is a ‘resort with purpose’ and their values centre around contributing to the biodiversity conversation, minimal environmental disturbance, and community participation. Offering natural and biodegradable products, hand-painted bedding by artisans, and bamboo furnishings in their luxurious accommodation, every decision has been made by taking the environment into consideration first.
2. Sanctuary Rainforest Eco Resort and Spa
This five-star eco-resort extends across ten acres of breathtaking rainforest. It has been built using climate resilient infrastructure designed to withstand earthquakes and Category five hurricane force winds – without compromising on luxury and design.
Prime Minister, Dr. Roosevelt Skerrit has this to say about the resort:
“We see this project, the Sanctuary Rainforest Eco Resort as fitting and considerate to our own vision for our country especially in the Roseau Valley; ensuring that at all stages, the environment is respected, and the environment is protected…”
3. Secret Bay
The villas at Secret Bay are located on a clifftop surrounded by untouched natural environment. These sustainably built villas overlook the magnificent Caribbean Sea. Secret Bay uses renewable energy and has also created the Green Garden Initiative so they can exist in their own “ecosystem” and provide delicious home-grown food to guests. This award-winning six-star location is one of the government-approved projects that you could invest in!
Unlike real estate options all over the world, investing in Dominican real estate allows you to reap all the benefits of investing in a property – and becoming a citizen of the country too. The attractive investment returns and lifetime citizenship are invaluable elements to consider. Knowing that you are contributing to Dominica’s goal to become climate-resilient is another consideration in favour of this investment option.
How to start the process
Peruse our vast resources section and have an informative chat with one of our friendly specialists. This is a great next step on your journey to real estate investment in Dominica in 2023. We look forward to hearing from you today!