A Look at the Costs Of Living in Dominica
Dominica has a lot to offer investors, young expats, entrepreneurs, and retirees, not the least of which is a low cost of living. You can afford a calm, Caribbean lifestyle for less than you are likely paying back home. You can enjoy a rich, relaxing, and truly diverse lifestyle even on a pensioner’s budget. In addition, the recent infrastructural developments have made it much safer and easier for foreign retirees and investors to stake their claims.
The final landing place in the New World for Christopher Columbus and his crew in 1493, today the Dominican Republic is a white-sand haven surrounded by warm turquoise waters and enjoys year-round sunshine. This island paradise pictures not just beaches—both remote and resort—but also virgin jungle and mountain hideaways before your eyes. This is also one of the most affordable spots in the Caribbean, a place where you could embrace a white-sand retirement.
Real estate prices are way less than elsewhere in the Caribbean. Cost of living is also surprising low for an island. Flights from the United States are regular and reasonably priced. You can live well in the Dominican Republic on just US$1,355 a month (including many luxuries that you would have to do without on this same budget back home). Weekly food shopping for two is about US$120—including grocery items and delicious fresh fish, fruit, and vegetables.
Invest in a place of your own, and your monthly living costs would be much, much less. This is a realistic and appealing option, as property prices in this country are a bargain, certainly relative to elsewhere in the Caribbean. Cost of living in Dominican Republic is, on average, 4.90% higher than in Iran and the renting costs is on average, 41.36% lower than in Iran.
Below you may see the expenses of some items in Dominica.
MONTHLY BUDGET (WITHOUT RENT)
Family of Four Estimated Monthly Costs
A Single Person Estimated Monthly Costs
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
Meal, Inexpensive Restaurant
Meal for 2 People, Mid-range Restaurant, Three-course
McMeal at McDonalds (or Equivalent Combo Meal)
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
International Primary School, Yearly for 1 Child
1 Liter Of Milk
I Kg Of White Rice
Loaf Of Fresh White Bread (500g)
A Dozen Of Eggs (Regular)
1 Kg Of Chicken Fillets
1 Kg Of Apples
1 Kg Of Potato
1 Kg Of Onion
Water (1.5 liter bottle)
Cigarettes 20 Pack (Marlboro)
Sports and Leisure
Fitness Club, Monthly Fee for 1 Adult
Tennis Court Rent (1 Hour on Weekend)
Cinema, International Release, 1 Seat
Clothing and Shoes
1 Pair of Jeans (Levis 501 or Similar)
1 Summer Dress in a Chain Store (Zara, H&M, etc.)
1 Pair of Nike Running Shoes (Mid-Range) 1 Pair of Men Leather
One-way Ticket (Local Transport)
Monthly Pass (Regular Price)
Taxi Start (Normal Tariff)
Gasoline (1 gallon)
Volkswagen Golf 1.4 90 KW Trend line (Or Equivalent New Car)
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 3.36 $
Rent per Month
Apartment (1 bedroom) in City Centre
Apartment (1 bedroom) Outside of Centre
Apartment (3 bedrooms) in City Centre
Apartment (3 bedrooms) Outside of Centre
The Best Citizenship by Investment Program
The Dominican Republic makes establishing residency and citizenship easy, and the country embraces and even rewards foreign investors through incentives. In addition, residents can work study and do business there. Dominica citizenship by investment program is as good as you can find anywhere. The process is simple and fast.
Dominica allows you to hold other citizenships. This is another reason why this country is becoming a very popular option for people looking to diversify their lifestyle.
For more detailed information on the requirements for obtaining Dominica citizenship by investment program, please contact one of our advisers in the UAE, Denmark, or Canada, we will accompany you and your family until you obtain the Dominica citizenship.
If you have any questions or comments about the Dominica citizenship by investment program, you can share them with us in the comments section.