Non Nationals Wishing to Purchase Land/Property

Excellent Real Estate Opportunity in Londonderry, Dominica

Individuals or corporate bodies who are not citizens of one of the member states and who are seeking to acquire land may require a license prior to the execution of the transaction depending on the amount of land to be purchased.

The Alien Land Holding License Regulation Act, No. 17 of 1995 of the Laws of the Commonwealth of Dominica, provides for the issuance of Alien Land Holding License.

• An alien may hold less than one (1) acre of land for residential purposes or less than three (3) acres of land for commercial purposes without obtaining an alien landholding license. However, the alien landholding license fee of 10% of the value of the land is payable.
• An alien may not hold more than one (1) acre of land for residential purposes or three (3) acres of land for commercial purposes without first holding a license;
• On acquiring a license, the applicant must pay a fee equivalent to 10% of the market value of the land to government
• In the case of the acquisition of land for commercial purposes, the Minister must publish in the Gazette areas in Dominica in which an alien may not acquire land without obtaining a license under the Act.

Purchase of State Lands:

• Submit application to the Commissioner of Lands/Director of Surveys. No application fee is required.
• Application is submitted to the Ministry of Agriculture and Forestry for approval
• Decision is taken by Cabinet
• State grant agreement draft submitted to Ministry of Tourism and Legal Affairs.
• Applicant signs agreement
• Fees are payable once the land sale is approved and the documents are processed

Fees Payable for purchase of land:

• 7.5% for the purchaser. This is inclusive of the Assurance (Memorandum of Transfer) fee of 1%, stamp duty of 4%, and a judicial fee of 2.5%
• 2.5% vendor’s fee of the land value
• 3% of the value of land representing the solicitor’s fee. 15% Value Added tax is applicable to the solicitor’s fee.