Dominica

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Dominica is a parliamentary democracy. The country is governed by a parliament elected every 5 years in free and fair elections. The Prime Minister is the leader of the majority party in parliament.

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Dominica became independent in 1978. Before that it was a colony of the United Kingdom for over 200 years.

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Dominica has an independent and impartial court system based on the United Kingdom model. It shares a Court of Appeal with other member states of the Organization of Eastern Caribbean States and its final Court of Appeal is the Caribbean Court of Justice based in Trinidad and Tobago.

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The official language is English but many locals speak a broken French called “Kwéyòl”.

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Dominica enjoys a 97.8% literacy rate.

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Dominica has two seasons – the rainy season from June to November and the dry season from December to May. In the rainy season, the temperature ranges from 20 to 25 Celsius, and in the dry season from 30 to 38 Celsius.

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Dominica is 4 hours behind GMT (GMT -4).

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Dominica is one of eight members of the Eastern Caribbean Currency Union (ECCU), which all use the Eastern Caribbean Dollar. The currency is issued by the Eastern Caribbean Central Bank and has been pegged to the US Dollar, at a rate of US $1 to EC $2.7169, since 1977.

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Dominica is primarily a tourism and agriculture based economy. The island is known for its exports of coffee, cocoa, bananas, citrus and tropical fruits. It is also known for the manufacturing and exporting of rum, timber, and soap.

Taxation

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From 15% to 30% .

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Yes, 15 to 30% if the rental income exceeds XCD$20,000.00.

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7.5 percent Government fees.

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Yes. Legal fee 3% (+ 0.45% V.A.T.). There is also the surveyor fee of approximately $1,500.00.

Resort Development

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The developer is a Dominican-based company with international partners. It specialises in immigration and property development.

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The development is intended to be a fully functional resort hotel with facilities and services consistent with the international standards of a luxury hotel.

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The development is being built on 12 acres of beachfront property and will consist of 128 rooms.

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The Resort carries the Autograph Collection brand. Autograph Collection Hotels, part of Marriott International, Inc., celebrate individuality by curating one-of-a-kind travel experiences at more than 100 luxury lifestyle hotels in nearly 30 countries and territories, among the world’s most desirable destinations. Exactly like nothing else, Autograph Collection properties are hand selected for their rich character and uncommon details. A personal realization of an individual founder’s vision, these hotels are defined by unique design, differentiated guest experiences and their meaningful role in locality.

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The resort will carry a five-star rating once opertational.

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Oriental Developers (Caribbean) Ltd. offers the option to purchase freehold suites, or preferred shares. Freehold suites convey a title deed to owners, and preferred shares convey a certificate of ownership.

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A buyer who purchases a freehold suite becomes the exclusive owner of that suite. Where a purchaser buys preferred shares, he/she shares ownership with a number of other shareholders. Purchasers of shares own all of those properties which are subject to their fractional ownership but none of those owners own a specific part of those properties.

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The resort will be managed by Trust Hospitality, an internationally recognised hotel operator with over 30 years of experience managing lifestyle and luxury resorts in the Americas.

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This will be done by Trust Hospitality.

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Owners of freehold suites have the right to reside in their properties for up to two weeks per year. Owners of preferred shares have the right to reside in the resort for up to one week a year. By forming part of the resort’s room inventory, each suite is placed into a rotation system and each unit participates on an equitable basis.

Payment

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A 5% reservation fee must be paid when submitting the signed reservation form; and
A 5% deposit fee must be paid when submitting the signed Purchase & Sales/ Subscription agreement. The final 90% of the purchase sum must be paid after citizenship approval has been declared by the government.

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All payments must be made in US dollars.

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All payments toward the purchase price excluding the 5% reservation fee are refundable.

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These will be done by reputable local lawyers recommended by the developers.

Citizenship Programme

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The program started in 1993 and has continued ever since.

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Processing takes anywhere from three weeks to three months.

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No. Applicants are not required to speak English, attend an interview, or live in Dominica to attain citizenship.

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An applicant can apply with an unlimited amount of dependants, including his/her dependent children under 28 years old and his/her parents or grandparents over the age of 55.

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Dominica’s passport is valid for 10 years and can be easily renewed.

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FAST FACTS

OFFICIAL LANGUAGE: ENGLISH
POPULATION: 72,293 (2011)
CAPITAL: ROSEAU
INDEPENDENCE: 1978
LITERACY RATE: 97.8%
TIME ZONE: (GMT -4)
TOTAL AREA: 751 km2 (290 sq mi)
LOCATION: 15.4150° N, 61.3710° W
CURRENCY: EASTERN CARIBBEAN DOLLAR (XCD)