Carib Territory in Dominica

Other Investment Opportunities in Dominica

Dominica has been for several decades highlighted as the Nature Island of the Caribbean due to its lush green forests, majestic mountains, diverse fauna and flora and crystal clear rivers, and also constitutes the destination of choice for several thousands of visitors, many of whom return to our shores annually.

The Government of Dominica, through various tourism authorities, is fully committed to inward investment in Dominica as well as the development of the island’s eco tourism product. Investors from around the world are invited to evaluate and explore the several opportunities for investment in Dominica that derive from the island’s versatility in providing a wide variety of areas for investment.

Dominica is a choice location for investing. It is well known for its warm, industrious people, established banking institutions, favorable business environment, diverse opportunities for investment in Dominica, accommodation possibilities, unique attractions, and stable government which over the years has been delivering solid leadership to its people.

The eco tourism product of Dominica is diverse and presents several opportunities for Dominica investment. This includes a variety of unique accommodation possibilities such as log wood cabins, jungle resorts, guest houses, villas and restaurants. An excellent Dominica investment opportunity involves large scale production of organically grown foods which can be derived from the island’s fertile soils and unspoilt vegetation. The production of locally produced premier frozen meats, vegetables and dairy products for both local consumption and export is also a viable opportunity for lucrative investment in Dominica.

Dominica’s ecotourism product also allows for Dominica investment opportunities in dive centres. The island is ranked among the top 5 dive destinations in the world and has great potential for sporting activities such as snorkeling, kayaking and surfing. The island’s lush tropical rain forests and mountain ranges provide wonderful vacation adventures through horseback riding, mountain climbing, bungee jumping and hiking. Bird watching and yoga are among the sporting activities that visitors also enjoy during their stay on the island.

Dominica has grown into an outstanding center of offshore business which houses offshore company (IBC) registration agents, and has created the ideal environment for Dominica investment opportunities in the offshore sector by instituting appropriate and progressive offshore legislation. The offshore industry has also presented opportunities for investment in offshore university campuses as a result of Dominica’s low crime rate, stable government and friendly climate.

Several advantages to investing in Dominica, the Nature Isle include transparent, up to date and accommodating investment policies which provide for the easy establishment of new businesses, full acceptance of foreign owned business entities, minimal bureaucratic requirements, a vibrant legal system which has been traditionally based on English law, the Supreme Court consisting of a High Court and a Court of Appeals, including a progressive International Business Company Act (1996).

Dominica envisions itself as a nature sanctuary. In the island’s pursuit to develop its ecotourism industry, special emphasis has been placed in ensuring that the work force is well trained and educated since this is a crucial factor in attracting foreign investment in Dominica. This is enhanced by sensitizing of the nation in regards to welcoming the presence of visitors and the training of persons who play a vital role in the tourism sector such as hoteliers, entrepreneurs, taxi drivers and tour guides. An important part of this plan involves the construction of a wide range of forest resorts, hotels, entertainment facilities including health and beauty spas which would utilize the natural resources found on the island such as medicinal herbs, sulfur deposits and flowing rivers which have been proven to be excellent for therapeutic relaxation and meditation.

The Invest Dominica corporation which has been designated as the main agency for selling the island as a viable tourism and investment domicile is readily available to assist and facilitate persons or corporate bodies that are in search of investment opportunities in Dominica. Though the island may not boast of many white sand beaches, its dazzling rich black sands along the coastal areas is an ideal skin exfoliate, and facilitates the removal of black heads and other skin defects. This type of sand, though it may not be appreciated as being ideal for vacationers who tend to crave white sand and crystal blue shallow waters, surely has wonderful health benefits to offer as well as fun and beauty in its own unique way. Very soon, persons will desire something different, and long to have singular experiences, which will of course, only be available in such locations that defy the regular beach hotel and dance experience, by offering something more tranquil, natural and pleasing to the mind and spirit.
Several schemes such as urban renewal projects, the widening of roads, shelving of overhanging cliffs and the development of major farming facilities also seek to improve the general outlook of the country, while creating opportunities for employment.
In regards to working in Dominica, the Dominica Immigration Act allows non-citizens, permanent residents or immigrants to be gainfully employed only if a work permit has been granted to them. The process is very efficient, and normally takes a few weeks.
Companies and individuals residing in Dominica are subject to taxes on their income. Persons who retire in Dominica are exempted from taxes on income earned outside of Dominica. The island also has a tax treaty with Great Britain, the United States and CARICOM countries in order to prevent the double taxation of monies earned in Dominica.