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Luxury Locations Magazine Issue 22
Luxury Locations Magazine Issue 22. Antigua and Barbuda property and lifestyle Magazine.
DOWNLOAD NOWNon-nationals can purchase property in Dominica by following the country's laws and regulations regarding foreign ownership of real estate. The process typically involves the following steps:
Obtain an Alien Landholding License: Non-nationals must first obtain an Alien Landholding License from the Dominica Government. This license permits non-nationals to own land in the country and is issued by the Ministry of National Security and Home Affairs.
Find a Property: Once the Alien Landholding License has been obtained, non-nationals can begin searching for a property to purchase. It is recommended to work with a reputable real estate agent who can help find suitable properties and provide guidance throughout the buying process.
Hire a Lawyer: It is recommended that non-nationals hire a local attorney who is familiar with the laws and regulations related to property transactions in Dominica. The lawyer can help with drafting and reviewing legal documents, conducting due diligence, and ensuring that the transaction is completed in compliance with local laws.
Complete the Sale: Once a suitable property has been found and all legal requirements have been met, the buyer and seller can proceed with the sale. The buyer will need to transfer the purchase price to the seller, and the seller will transfer ownership of the property to the buyer.
Register the Property: After the sale is completed, the new owner must register the property with the Dominica Land Registry to ensure that the transfer of ownership is legally recognized. The Land Registry will issue a certificate of title, which confirms the new owner's legal rights to the property.
Additionally Dominica has a citizenship program like many other Caribbean islands such as Antigua, St Kitts and St Lucia.
Dominica has a Citizenship by Investment (CBI) program that allows foreign nationals to obtain citizenship in exchange for a qualifying investment in the country. The program was established in 1993 and has become a popular way for foreign investors to gain citizenship and access to a range of benefits, including visa-free travel to many countries.
Under the Dominica CBI program, applicants can choose to invest in one of two options:
Contribution to the Government Fund: Applicants can make a non-refundable contribution to the government's Economic Diversification Fund, which supports infrastructure projects, education, healthcare, and other initiatives.
Investment in Approved Real Estate: Applicants can also invest in an approved real estate project in Dominica, such as a luxury resort or a high-end residential development.
In addition to the investment requirements, applicants must meet several other eligibility criteria, including passing a background check, providing evidence of their source of funds, and demonstrating good health and character.
Successful applicants are granted citizenship in Dominica, which includes a range of benefits such as visa-free travel to over 130 countries, the ability to live and work in Dominica, and access to the country's tax system and business environment.
Luxury Locations Magazine Issue 22. Antigua and Barbuda property and lifestyle Magazine.
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