Tax residency in Dominica is a three-step process:
Registration in Dominica.
Registration of Tax ID.
Obtaining a Tax Code.
Living in Dominica for more than 183 days per year is not required at the registration stage.
1. Registration in Dominica. The tax documents indicate the address of permanent residence in Dominica. It is enough to rent a house for an extended period, e.g. a year.
Immigrant Invest real estate specialists had selected several properties for Elijah. Elijah then flew to the country on a Dominica passport to see the apartments and open a bank account in Dominica.
Elijah chose the apartment near the sea with one bedroom. Immigrant Invest lawyers contacted the landlord in Dominica to check the legal transparency of the contract and the property. Elijah signed a lease for a year for $14,000 and transferred money to the apartment owner from his account in Dominica.
2. Tax ID is an individual taxpayer number that a person enters into the electronic database of Dominica taxpayers. But Tax ID does not give the right to pay taxes to the budget of Dominica.
Immigrant Invest lawyers started preparing a Tax ID application for Elijah as soon as they received a copy of the rental agreement. They collected the following documents:
an application form, which indicates the investor’s mailing address in Dominica;
copy of the lease agreement;
Elijah’s Caribbean passport.
The investor or his representative submits documents to the tax office In Dominica. Immigrant Invest lawyers transferred Elijah’s documents to a local agent in Dominica who continued to act on behalf of the investor by a power of attorney.
The Dominica IRS approved Elijah’s application in four days and issued a confirmation certificate with a unique number. The investor entered a personal account on the website of the Dominica tax service.
3. Tax Code a resident receives to start paying taxes in Dominica. After receiving the Tax Code, the tax resident can submit a return to the tax office on the island.
The Tax Code is issued upon request to the Dominica Tax Office. Elijah sent the request through his account on the tax service website.
Immigrant Invest lawyers helped Elijah fill out an application for assignment of the Tax Code. Two days later, the investor received a notification that he was successfully assigned a taxpayer ID for filing returns and paying Dominica’s taxes.
2 weeks
Took a change of the tax residency
Elijah became a tax resident of Dominica on 22 October 2021 — the whole process took two weeks.
