A self-consistent model of plasma polarization around an isolated micron-sized dust particle under the action of an external electric field is presented. It is shown that the quasineutral condition is fulfilled and the formed volume charge totally screens the dust particle. The ion focusing and wake formation behind the dust particle are demonstrated for different ion mean free paths and the external electric fields. It is obtained that at low values of the external electric field the trapped ions play the main role in the screening of the dust particle charge. For high external electric fields, the density of trapped ions decreases and the dust particle is screened mainly by the free ions.