Bank Account Holders in Dominica: Protect Your Account Balance
in the Absence of Traditional Bank Deposit Insurance
The Commonwealth of Dominica, formerly known as the Island of Dominica, is an independent nation located in the Lesser Antilles of the Caribbean Sea. It is one of the Windward Islands and is part of the Caribbean archipelago. Dominica is bordered by the French overseas department of Guadeloupe to the north and Martinique to the south. It is the northernmost of the Windward Islands and is close to both Puerto Rico and the Virgin Islands. The country is a parliamentary democracy and a member of the Commonwealth of Nations. The capital and largest city is Roseau. The population of the Commonwealth of Dominica is approximately 73,000. The official language is English and the currency is the Eastern Caribbean dollar.
Dominica is primarily an agricultural nation, with bananas, citrus, and coconuts as its main exports. Tourism is also an important source of income, and the island is known for its lush tropical rain forests, beautiful beaches, and diving spots. The country is home to a number of protected areas, including the Cabrits National Park, Waitukubuli National Trail, and Morne Trois Pitons National Park. It is also known for its natural hot springs, unspoiled beaches, and 365 rivers.
The country offers a variety of tax incentives to foreign investors, including a zero percent income tax rate, no capital gains taxes, no taxes on dividends or interest, and no estate or inheritance taxes. Additionally, Dominica offers foreign investors a high degree of privacy and confidentiality, making it an attractive destination for those looking to minimize their tax liabilities, either by offshore company formation or its lucrative citizenship by investment program.