Yes, foreigners can buy property in Dominica and the Government of Dominica welcomes investment from overseas buyers. All foreign buyers need to pay an Alien Landholding fee which is 10% of the value or purchase price of the property value (whichever is greater).

Export Opportunities by Relatedness The top export opportunities for Dominica according to the relatedness index, are Gold (0.13), Crustaceans (0.12), Raw Sugar (0.12), Legumes (0.12), and Perfume Plants (0.12).

The cost of building an apartment in the Dominican Republic A four-level building built with medium quality has an average cost of RD $ 18,000 M2 (US $ 360 for 10.7 P2), A four-level building constructed with low or basic quality has an average cost of RD $ 15,000 M2 (US $ 300 for 10.7 P2).

If you are thinking about buying property in Dominica you have two options: buy a property by itself or under the Dominica Citizenship by Investment Program. To qualify for Dominica citizenship by investment real estate, you must purchase authorized property worth at least $200,000.

Bank Financing Dominican Republic. Get a mortgage.

1. The property must have an official title with deslinde.
2. Of course, fully completed and Signed Loan Documents.
3. Proof of Life Insurance.
4. Copy of Passport(s).
5. Copy of Income Tax Returns.
6. Signed Authorization for International Credit Report.

Punta Cana

Although most of Punta Cana and other tourist areas in the Dominican Republic are relatively safe, if you stray from where most travelers stay and end up in other parts of the country, you could find yourself in places known for high rates of violent crime. Avoid driving in the Dominican Republic.

It doesn’t matter if you are moving to the Dominican Republic with a Tourist Card or a business visa. If your stay exceeds two months, you need to apply for a residence permit (Visa de Residencia). To do so, you need to submit the application in advance to a consulate of the Dominican Republic with the following.