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Dominica

Physical Facts

Population: 72,514 (July 2008 est.)
Location: Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, about half way between Puerto Rico and Trinidad and Tobago
Area: 754 sq km
Climate: Tropical; moderated by northeast trade winds; heavy rainfall. Average temperatures range from 26oC in January to 32oC in June.
Transport Air, Road, Sea
International Direct Dialling prefix: 1-767
Internet Country Code .dm
Time difference on GMT: - 4
 

Administrative Facts:

Status: An English speaking former British Colony, now a Constitutional Independent Democracy (1978),. Member of the Commonwealth Group of Countries
Government: Unicameral House of Assembly with 30 members, of which 21 are elected representatives, and 9 appointed senators (5 by ruling party) to serve five-year terms
Legal System: Based on English common law
International Court Jurisdiction: Accepts ICJ jurisdiction
Language: English (official), French patois
Education system: Compulsory free education between the ages of 5 and 15.
8 Private primary schools. 1 private secondary school.
Higher educational facilities include a teacher training institute, a technical college, a nursing school, and a local centre maintained by the University of the West Indies
UK Embassy: 1 Collingham Gardens, South Kensington,
London SW5 0HW
Tel: 020 7370 5194/5
Fax: 020 7373 8743
 

Fiscal Facts

Legal tender & currency: Eastern Caribbean Dollar which is fixed to the United States Dollar at the rate of US$1.00 to EC$2.70 (official fixed rate) US$ is also legal tender locally.
VAT: 15% (10% on hotel accommodation)
Sales Tax:  
Import duty: 0 – 20% depending
Export duty:  
Banking: Local and International Banks
Annual Government Revenue: $73.9 million
Annual Government Expenditure: Expenditures: $84.4 million (2001)
GDP: US$ 172.14 million. (invest Dominica 2007)
Minimum wage: Averaging 3-6 US$ depending on industry sector
Financial Services Regulation: No regulatory body but regulation exists under various regulations such as the Offshore Banking Act No. 8 of 1996
Financial Services Regulation Contact Details: Financial services unit
Tel: 767 448 2401
Email: fsu@cwdom.dm
 

Tax Facts

General: Double taxation treaties with Great Britain, the United States, and CARICOM.
Corporate Tax: 30%
Individual – resident: Sliding scale ranging from 0% - 38%
Individual – non-resident: Witholding tax may apply (15%)

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