About Dominica

Dominica or the Commonwealth of Dominica (not to be confused with Dominican Republic) is one of the leading tax havens in the Caribbean. Dominica is an offshore jurisdiction which specializes in offshore banking, offshore company formation, offshore trust formation and economic citizenship. Dominica is located between the French Caribbean Islands of Martinique and Guadeloupe. The main language spoken is English and a large section of the population speaks a local dialect known as French Patios or Creole.

Dominica has a population of 72,000 people and the island is known as the nature island of the Caribbean. Popular for its natural rain forests and many other beautiful natural features Dominica attracts many visitors to its shores each year making the tourism industry a very important sector of the island’s economy. Dominica, famous for its waterfalls, 365 rivers, scuba diving, boiling lakes, sulphur springs, fresh fruits and vegetables, vibrant culture and its friendly people is a tourist destination for persons who are looking for something different.

Dominica’s economy was once very dependent on the agricultural sector, especially the exportation of bananas, root crops and citrus fruits. Today, the agricultural industry has slowed down and the country now depends on its tourism industry and offshore services sector. Dominica is a politically stable country which is led by a Prime Minister.

Dominica as a tax haven provides tax exemption on all foreign earned income. This offshore jurisdiction has no capital gains tax, withholding tax and inheritance tax. Offshore companies and trusts registered in Dominica pay no local taxes on income generated abroad or assets earned outside of Dominica. Offshore bank accounts are also exempted from local taxes in Dominica and offshore bank accounts are protected by banking privacy laws.

Dominica promotes a well regulated economic citizenship program which allows well qualified individuals to become citizens of Dominica. The Dominica economic citizenship program has various investment options: a Single Applicant, Family Application I (main candidate and a spouse), **** and Family Application II (main candidate, spouse and two children under 18). There is a **** family option with more than two children, at additional cost. The investment value does not include government application fees, agent fees and processing fees. Once Dominica citizenship has been granted the Dominica citizen can apply for a Dominica passport.

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