Dominica

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Dominica business development has progressed more slowly than that of its neighbors. With one of the lowest per capita GDP rates in the Eastern Caribbean and an agricultural sector that still dominates the nation’s economy, Dominica nevertheless, still offers some exciting opportunities to certain entrepreneurs. Dominica’s lag in development, in part, is due to its mostly volcanic landscape which offers fewer beaches for tourists. This shortcoming is now being offset as Dominica’s high, rugged mountains, rainforests, freshwater lakes, hot springs, waterfalls and diving spots make it an exciting new destination for ecotourism. Add to this a fairly diverse agricultural sector, new docking and waterfront facilities for cruise ships, an emerging offshore financial sector, geothermal potential, and a tax-free status to companies locating from abroad, and it is justifiable to have optimism for Dominica business prospects.

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