Spectacular View of the Savannah at The Old French Quarter
If you are seriously considering the purchase of land in Dominica, then welcome to the club! Welcome to the club of many that desires the laid-back; peaceful atmosphere of island life surrounded by an arcadia of unspoiled nature, adventure, and some of the friendliest people you will ever come across.
Step into the nature island of the Dominica
For non-citizens of Dominica, the purchase of land in Dominica is one of the easiest, and if not the wisest moves you can take in diversifying your investment portfolio, and becoming part of island life. But as expected, there are steps to take before owning a piece of nature.
Do secure an Alien Landholding license, if you’re planing on buying more than 1 acre of land for residential or 3 acres for business. The Aliens Land Holding License Fee equivalent of ten percent of the market value of the land/property being purchased.
Do peruse and understand the fine print of the contract. You will be setting yourself up for investment heartbreak if you don’t. Besides, this is standard procedure in any real estate transaction so it’s just common sense, too. Or better yet, do the next step.
Do hire a local lawyer and/or a local property management services company to handle the documents and details of the transaction. Dominica is a beautiful island, but you don’t want to deal with the bureaucracy. Besides, it will take a load off your shoulders although you do have to take off a load off your pockets in the process. But in the final analysis, hey, it’s worth it?
Last but not least, do inspect the property you’re considering to buy.You don’t want to end up paying hundreds of thousands of your hard earned dollars a shack seesawing on the edge of a cliff, do you?
What all these advice is saying is that buying land in Dominica is relatively easy, but just as with any other investment there are some careful step which needs be to taken.
The Benefits of Owning a piece of Dominica
Dominica is a tax and investment haven, which is one of the benefits of buying land in the nature island. Although you may pay up to 25 percent of the total land value for government fees,legal fees, agent commissions and other round-trip transaction costs, the benefits of owning/living in Dominica far outweigh these expenses.
For one thing, you are allowed full ownership of the land. You don’t have to marry an Dominican citizen to do so, which is not a bad idea in itself since Dominican women are some of the most beautiful women on Earth. 😀
Buying land in Dominica weather for retirement or for investing purposes is a good decision.
How much would cost to buy the whole island ? Just curious.
The whole island is priceless. Do you have this amount? Just curious 🙂
How much does an acre of land cost on average? lets say i want to buy land in the Norhtern part of the island like the Calibishie area. Im also wondering what kinds of taxes you have to pay when the land is bought?
How does an acre of land in Dominica cost on average? Lets say I want to buy land in the Northern part of the Island, like in Calibishie or Portsmouth? Also what kind of taxes are there after you buy the land?
Daniel, email these folks at Safehaven Real Estate in Dominica – they will be able to answer any questions you might have about buying landing Dominica and the different taxes. http://www.safehavenrealestate.com/