Building a better future for Dominica: The Invest Dominica Authority
23 Feb 2023
Invest Dominica Authority (IDA) is the official investment promotion agency for the Commonwealth of Dominica. It was established in 2007 with the mandate to promote and facilitate investment and trade in Dominica. Since then, the IDA has been actively working to attract both foreign and local investment in various sectors such as tourism, agriculture, renewable energy, and manufacturing.
A new website is launched: www.investdominica.com
To further promote its mission, the IDA has launched a new website that serves as a platform to provide investors with essential information about investing in Dominica. The website offers detailed information on investment opportunities, business regulations, and incentives for investors. It also provides an overview of Dominica's economy, key sectors, and a directory of service providers.
Inward Investment Missions: Attracting foreign trade and investments
Invest Dominica Authority (IDA) hosted a contingent of thirty-three (33) investors from Guadeloupe and Martinique for an inward investment mission in June 2022, the first of its kind for Dominica. Collaboration between the Chamber of Commerce of Guadeloupe, the Chamber of Commerce of Martinique, the Caribbean Chambers of Commerce (CARICHAM) and the Dominica Association of Industry and Commerce and IDA played an essential role in the success of the mission. Investors came from various sectors and presented a unique occasion for local businesses to interface with them.
Dominica Rated #1 by Travel and Leisure Co
Dominica has established itself as The Nature Island and continues to emerge as a leader in sustainability and eco-tourism investment. Dominica was rated #1 by Travel and Leisure and deemed the World’s Best among the islands of the Caribbean, Bermuda and the Bahamas This recognition has further bolstered Dominica's profile as an investment and tourism destination.
Showcasing Dominica at Expo 2020 Dubai
Dominica was placed on the world stage at Expo 2020 held in Dubai, United Arab Emirates, between October 2021 and March 2022, joining 192 countries and many other organizations in displaying the best of our culture, industry and attractions. Dubai being the home of the Expo presented a unique opportunity as many persons of various nationalities and diverse cultural backgrounds that reside there, have the means to facilitate travel and investments around the world. Indeed, Dominica’s participation at Expo 2020 placed the island on the “bucket list” of persons who may not have otherwise considered Dominica.
With its lush rainforests, vibrant culture, and stunning natural attractions, Dominica is a country with enormous potential for sustainable tourism. Its participation at Expo 2020 Dubai served as a platform to promote this potential to the world while highlighting its resilience and commitment to building a better future for its people. The National Day celebration was a proud moment for Dominicans, as we showcased our unique identity and rich heritage to the world.
Invest Dominica Authority: Promoting trade. Facilitating investments
Overall, the IDA's efforts to promote and facilitate investment in Dominica have been successful in attracting both foreign and local investors. The establishment of the new website and the regular organization of trade missions and inward investment missions have made it easier for investors to access information about investing in Dominica and explore potential opportunities. With Dominica's natural beauty, growing economy, and investor-friendly environment, it is an ideal location for businesses looking to invest in the Caribbean region.