I’ve been a citizen of Dominica for two years and I can share from my experience. For non-residents, Dominica offers a very favorable tax regime. There is no tax on income earned outside the country, which means your global income is not taxed by the Dominican authorities. Additionally, there are no wealth taxes, capital gains taxes, or inheritance taxes. It’s important to note that simply holding citizenship does not automatically make you a tax resident; you would need to spend more than 183 days per year in Dominica to be considered a tax resident. This is essential for benefiting from the mentioned tax advantages. For more details, you can check out this resource: https://osheradvisors.com/dominica-passport/

It is essential to consult a tax professional to address all obligations and ensure compliance what a great opportunity to optimize finances!

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