Are there enough profitable business ideas and opportunities in Dominica? Dominica is a Caribbean country located in the island of Hispaniola and its capital is Santo Domingo which is also the largest. Santo Domingo is referred to as the seat of power in Dominica. Dominica is a multiracial language and its official language is Spanish.
Dominica’s economy is the second largest among the Caribbean and Central American nations and its major income are; the agric sector, tourism sector, service sector and mining sector. The country gives tax free status to companies from abroad.
There are several business ideas that can be started or invested upon in Dominica, some of which are:
(1) Coffee Production
Dominicans are known for their love for coffee, almost if not all Dominicans are lovers of coffee. Starting a coffee business in Dominica is a very good one because coffee business is a business that will thrive in Dominica for a very long time. This business doesn’t require lots of capital in starting it, all you need is passion and interest in it.
(2) Tourism Business
Dominica is quite popular as a tourist centre basically because of its regions that have the tallest mountain peak called “Pico Duarte”, largest lake in Caribbean, oldest cathedral, monastery, and castle.
Therefore, you cannot invest or start a tourism business in Dominica and not make profits. Tourism is a very lucrative business in Dominica. You can even set up a travel and tour business if you have the adequate knowledge.
It is important in Dominica that you register your tourism business legally and also get your license. Tourism business is growing continuously and this is the time to start it.
(3) Agricultural Sector
Dominica’s economy is dominated by agriculture and the largest cash crop there is banana. Under agriculture in Dominica, you can focus on sugarcane plantation, rice milling and also sugarcane processing.
Sugar can be easily gotten in Dominica because of the level of production and processing of sugarcane. You can either plant sugarcane, process sugarcane or do both. This business is good because have a good market is a certainty and you do not need much capital to start the sugarcane business.
Rice farming is also another area you can focus your business on because rice is a food that is eaten virtually everywhere in the world. The land in Dominica is very rich and good for planting rice which will definitely boost your harvest and eventually make you rich. You can also do this business to serve the country and also for exportation while making your own money.
(4) Cinema Production
Most of the Dominicans are good lovers of movies and many films are released into the film industry daily which makes it easier to have a cinema business. Cinema business in Dominica is a very profitable one.
All it requires are the equipment and technical facilities needed to make a cinema and you as the owner of the business should be current with new films that are being released into the film markets in order to attract different sectors of the society.
(5) Food Processing Business
This is a business that is similar to agriculture but not the same. In agricultural business, you plant and harvest the crops while in food processing, you make the food ready for consumption. This is a business that is very popular, profitable and has also been gaining grounds in several countries including Dominica.
(6) Mechanic Business
This is a business that thrives everywhere in the world because cars are used all over the world. You can have several mechanic workshops in different parts of Dominica which can be managed by trustworthy fellows that will be determined by you. No one uses a car without needing to maintain it and this is why cars are taken to mechanics.
(7) Hotel Business
If you have the means and capital to build hotel(s) then you should have a go at it. Offering hotel services in Dominica is very lucrative because both locals and especially travelers will patronize your business. The concept, ambience and services offered are very important in this kind of business.
(8) Business Networking
This business is basically meant for business men and women. To start this business, you need to set an online service system where you will get information from those that wants to be connected to those doing businesses in Dominica.
Those that wants to be connected must specify those or the type of business people they want to get connected with.
(9) Property Business
This is a money spinning business in Dominica which you can plug into by becoming a realtor in the country. The type of realtor you become depends on your opinions and decisions.
(10) Cyber Cafe Business
This is global business in the sense that the global village has made using the cyber cafe a necessity. There is rarely a town where you do not see at least a cafe which does not exclude Dominica. This shows that this lucrative business idea in Dominica is not a waste of time and capital but rather a profitable one.