What You Need to Know About Taxes in the DR

What You Need to Know About Taxes in the DR

Your Perfect Villa

is waiting for you at casa linda

Are you planning on taking the leap and retiring abroad in the next few years? Leaving behind the old and welcoming a new life of adventure as an expatriate can be a wonderful way to shake up your day-to-day and celebrate a new chapter full of excitement. As one of the safest and most popular locales for retirees from all over the world, the Dominican Republic is a fantastic place to settle down and start the life you’ve always wanted.

As one of the top builders in the Dominican, Casa Linda Quality Communities is proud to welcome expatriates to our sunny shores and help you create your dream custom home in paradise. Located on the northern end of the island, our beautiful development sites give you the chance to experience affordable luxury and build a new life in a friendly, vibrant community full of people just like you!

Below, we’ll talk about one of the most important aspects to keep in mind when planning to move abroad: handling your taxes. Read on to learn more!

Why Consider Life in the DR?

If you’ve been looking into tropical destinations to retire in, you’ve likely seen the Dominican Republic at the top of most lists. Our popularity is well-deserved, with white sandy beaches, a friendly culture, gorgeous natural backdrop and economic and political stability being among some of the main reasons people decide to retire here. As the most advanced and one of the most developed Latin American countries, the Dominican Republic offers high quality of life and affordable living alongside a top-tier healthcare system, great infrastructure and multiple airports all over the country that make it easy to get back to your love ones whenever you need. In fact, one of the most common comments we hear from our residents is that island living is just like home, only warmer!

taxes in the dominican republic

Taxes in the DR

Whenever you move abroad it’s crucial to remember that you’ll still be expected to uphold certain standards that were a part of your daily life back home, including paying taxes. In the DR, those remaining in the country for more than 183 days a year are subject to taxation on a scaled level starting from incomes of approximately $10,000 USD. If you choose to relocate to the Dominican Republic permanently, you can expect that you will be taxed as a foreign resident up until the point you obtain citizenship, at which point you will be taxed as a naturalized citizen. For those choosing to relocate to the Dominican before they retire, and who choose to move their business with them, you’ll be pleased to know that there are plenty of opportunities to claim ample expenses to help offset the initial pinch of paying taxes in a new country.

Main Taxes

In general, there are three main taxes you’ll want to be aware of in the DR:

Corporations operating in the DR will be subject to a 27% corporation tax on net taxable income.

Capital Gains

Capital gains are one of the larger taxes in the DR, coming in at 27% of your earnings. If you choose to invest in real estate on the island (which is easy to due thanks to the government’s open attitude to foreign buyers), you’ll want to keep this in mind. For Americans, this amount can also be used to even out the amount you are required to pay on the US side each year, and, as we mentioned above, the write-offs that are available can help to cushion the cost as well.

Inheritance Tax

The DR’s inheritance tax amounts to 3% of the inherited estate, from which you can deduct outstanding debts as well as medical and funeral expenses.

Overall, many newcomers to the Dominican find that taxation is an easy system to navigate, both as a foreign resident, as well as once you obtain citizenship. One of the most attractive aspects of moving to this beautiful country is that the government truly welcomes newcomers with open arms and maintains ownership and financial policies that allow you to live the life you’ve always wanted with peace and security, as well as minimal red tape where financials and restrictions are concerned.

Discover Dominican Living Today

Want to learn more about relocating to the Dominican Republic? Contact Casa Linda today to learn about our breathtaking affordable villas, as well as our ever-growing community in Cabarete.

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Life on Island Time! Make the Leap to Living in Paradise Today!

Life on Island Time! Make the Leap to Living in Paradise Today!

Your Perfect Villa

is waiting for you at casa linda

2022 is here, and it’s time to stop daydreaming of making the move to paradise and start taking the first steps toward making your dream a reality! If you’ve been waiting for the perfect time to look into island living, Casa Linda Quality Communities is here to help! Located on the northern end of the Dominican Republic, just outside of Cabarete, our luxury community gives you all of the benefits of a gated development (including 24/7 security, etc) as well as affordable housing starting at low as $207,300 USD! As one of the most beautiful and cost-effective locations globally for expatriates, life Dominican is an adventure you’ll enjoy each and every day. Below, we’ll cover just a few of the many reasons you should consider moving to the DR!

Perfect for Every Pension

It’s no surprise that one of the biggest influences when it comes to moving is your finances, both in the short and long term. Cost of living is a significant consideration and one that should be given ample thought before jumping in with both feet. Fortunately, for those concerned about staying within a specific budget without having to compromise on your quality of living, housing, and access to essentials, you’ll find that the DR is an ideal fit on all fronts. Not only does the Dominican have the best dollar-to-value ratio in the Caribbean, but it also offers a stable economy, top-tier healthcare system, affordable housing, and overall much lower cost of living than many of us are already accustomed to. That means you can look forward to living in luxury, without having to blow through your budget each month!

Community

Life in paradise just wouldn’t be the same all on your own. Whether you’re moving with a loved one or venturing out on your own as an entrepreneur or investor, one of the best parts of moving to the Dominican is the incredibly welcoming community and culture. From locals that are eager to make you feel at home to a vibrant community of expatriates all over the world, you’ll have no problem making new friends within our gated community and building a new life full of laughter and quality relationships.

relocating to the dominican republic

Familiarity is Never Far

You might be surprised to learn just how many of your favourite brands and stores you can expect to still find here in the Dominican Republic. The Dominican is home to many popular retailers and brands you would expect to find in North America, meaning that, in addition to the abundance of fresh produce and new items you’ll find in stores, you’ll rarely have to worry about going without your preferred products.

Unbeatable Weather

Never shovel again! If you’re through with freezing cold winters and long dreary days, the DR is here to rescue you with its warmth! Our daily temperatures average 28°C (82°F) and with miles of white sandy calling your name, it’s time to stop dreaming and start living in an incredible new reality!

Ready to Answer the Call of the Island?

At Casa Linda, we’re proud to help adventurous spirits find the perfect villa that’s tailored for your exact tastes and needs. Each of our homes is built to the highest quality and designed to provide you with comfort, safety, and (of course) enjoyment. Contact our team today to learn about our available floor plans and more.

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What to Expect in the Dominican Republic

What to Expect in the Dominican Republic

Your Perfect Villa

is waiting for you at casa linda

Paradise is calling! Are you ready to make the most of the New Year and take the first steps towards living your life in paradise? If you’re tired of dreaming of living on the island and are ready to make that dream a reality, Casa Linda Quality Communities is here to help! For nearly 30 years, our team has welcomed newcomers to the Caribbean and helped them design and build affordable luxury custom villas here in the Dominican Republic. Nestled on the northern end of the island, our private community makes it easy to adapt to tropical life, while enjoying the benefits of 24/7 on-site security, curated community activities, shuttles to and from town, and more!

We know that moving abroad can sometimes feel a little overwhelming, but there’s nothing we love more than helping you feel at home here in the Caribbean. If you’re planning on making the leap, but aren’t quite sure what to expect, below is a quick overview of what life in the DR is really like. Read on to learn more!

Take it Easy

One of the biggest changes for expatriates to adapt to is finally having the chance to embrace the easy-going, laid-back lifestyle you’ve always wanted. For most of us, our day is always go, go, go, with so much to do and so little time to actually enjoy. This is definitely not the case in the DR, where people value their time and tend to move at a much slower pace. While it can be tricky to learn how to slow down at first, quickly find that it’s a welcome change of pace and one that allows you to make more of every day!

Affordable Living

When it comes to moving abroad, it’s no surprise that one of the biggest concerns is budget. Expatriates are often pleased to learn just how affordable the Dominican is, with everything from housing costs to groceries, dining out, and other daily essentials costing much less than you’re already accustomed to.

what to expect in the dominican republic

Healthcare

Next to finances, healthcare tends to be the biggest concern when it comes to moving, and understandably so. Fortunately, the Dominican has an excellent healthcare system full of world-class facilities and professionals that are well equipped to assist you in both English and Spanish. Wait times are typically much lower than back home, and the cost of care is extremely affordable for all!

Visa Requirements

This is vital for anyone planning to remain in the DR for more than 60 days, which is the maximum amount of time you can stay per visit as a tourist. If you wish to relocate full-time, you’ll need to look into getting permanent residency, which you can find plenty of information on here.

What Are You Waiting For?

Need more information on purchasing a home in the Dominican Republic? Casa Linda is here to help. Contact us today to learn more.

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Here’s What You Should Know About Dominican Republic Investment Visas

Here’s What You Should Know About Dominican Republic Investment Visas

Your Perfect Villa

is waiting for you at casa linda

Are you ready to start the new year in a brand new home? It’s no secret the last few years have been stressful for everyone, and with more people than ever ready to make a change and embrace a more laidback lifestyle, there’s never been a better time to consider moving to the Dominican Republic. Perfect for entrepreneurs, investors, and of course, retirees, the DR has so much to offer and makes it easy to live the tropical lifestyle you’ve always dreamed of. At Casa Linda Quality Communities, there’s nothing we love more than welcoming newcomers to our beautiful slice of paradise. Located in beautiful Cabarete, our private community features 11 customizable villas floor plans to choose from and make it easy to settle into your new home.

2022 is the perfect time to make your dream of island living a reality, and with the help of our team, you’re closer than you think! Below, we’ll cover a few of the main reasons people choose to relocate to the DR find out more by reading on!

Affordable Living

When it comes to moving, much less moving abroad, one of the number one concerns facing anyone is affordability. Foreign living can be quite expensive, especially when you consider currency conversion, housing and general living expenses (i.e. healthcare and groceries). The good news is, the Dominican Republic is extremely affordable, even for those with smaller budgets. Thanks to a favourable currency exchange, low cost of housing, and general lower expenses, many expatriates are pleased to find they can live even better than they did back home while still maintaining the same budget.

Vibrant Expat Community

The Dominican is one of the most popular destinations for expatriates from all over the world, and Casa Linda is proud to have welcomed countless couples to our community over the past few decades. With friendly faces everywhere and people who can relate to your experience moving overseas, you’ll never feel alone and will be able to settle in quickly.

dominican republic retirement

Dependable Infrastructure

One of the lesser talked about aspects of moving abroad is that there can sometimes be difficulties maintaining the same luxuries and creature comforts you’re accustomed to living in the western hemisphere. Fortunately, this is often not the case in the DR, thanks to our extremely advanced infrastructure that includes his speed internet, reliable electricity, and telephone services. Staying connected here is easy, and with the installation of a back up generator in your home, you’ll be all set to handle the unique challenges that the island might throw your way occasionally.

Easy Retirement Process

Moving abroad can feel overwhelming, but it can be even more daunting when you’re looking at doing so after retiring. Retirement is an incredibly exciting development, but it also means that you need to be very honest about your finances and goals for the future. Thankfully, the Dominican Republic is incredibly welcoming to foreign investors and expatriates, making it simple to retire abroad. With a straightforward residency process, affordable housing, and very few barriers to foreign ownership, settling here is easy and headache-free.

And So Much More!

Moving to the Dominican Republic is the adventure of a lifetime, and one that provides endless rewards. Whether you’re daydreaming about relaxing on the beach, hiking, surfing, or taking in all the many sights that the DR has to offer, there’s always something new to see and countless ways to enrich your life in paradise! Casa Linda Quality Communities is here to help you make those dreams a reality, one step at a time. Contact Casa Linda today to learn more!

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Dominican Residency 101: What You Need to Know

Dominican Residency 101: What You Need to Know

Your Perfect Villa

is waiting for you at casa linda

If you’ve been moving or retiring aboard, there’s no doubt that finances are likely among the top of your concerns when it comes to planning. It’s no secret that your budget plays a huge role in determining where you can settle down, and for many, this aspect of getting ready can often feel stressful.

Fortunately, for those looking to retire in a tropical paradise, the Dominican Republic is the perfect fit! With a low cost of living that makes affordable luxury an easy possibility, you really can have the lifestyle you’ve always wanted, all without pushing your budget too far. At Casa Linda Quality Communities, we know how important it is to feel confident when taking the leap to move abroad. That’s why our team is always here to make sure you have the information you need when it comes to moving to the Dominican Republic! Below, we’ll cover some of the cost of living essentials to be aware of when moving to the DR.

Buying a New Home

Whether you’re planning on relocating permanently or setting up a winter escape, it’s no surprise that everyone’s top priority when settling in the Dominican is ensuring you can find safe, affordable, housing. As we mentioned above, the lower overall cost of living in the Dominican Republic makes it easier to find a gorgeous home, without blowing through your savings. In fact, at Casa Linda, we’re proud to offer exceptional floor plans from as low as $207,300 USD. Affordable living is an easy reality with our community!

Utilities

Just like you do in North America or Europe, you will need to pay for the standard utilities that come with homeownership, as well as day to day essentials. The good news is, however, that utilities like water, electricity, and even your internet bill are usually significantly less than what you pay back home, with some costs coming in as low as just $50 USD a month! The only difference that you will want to be aware of is that the reality of island life is that power outages do happen frequently. With that being said, the purchase of a backup generator will keep you running smoothly even with little hiccups hit, minimizing your downtime and allowing you to enjoy life as usual.

 

villa atlantis

Food

Groceries and eating out are another one of those daily essentials that you can expect to be quite happy about where your budget is concerned. While places all over the world may have seen a steep jump in the cost of food, in the DR, you can still expect to spend much less than you are accustomed to. From stocking the kitchen to eating out with your newfound friends, your can expect your food budget to be very affordable on all fronts.

Healthcare

Finally, moving is a big life decision, and it makes sense to want to know that you’ll have the care you need when it matters most. Whether you have existing health concerns or like to plan ahead for the future you’ll be pleased to learn that the Dominican Republic has exceptional healthcare that is incredibly accessible, as well as affordable. With state-of-the-art facilities and services available in both English and Spanish, you can rest easy knowing you’ll always have the help you need when it matters most.

Need more Info About Budgeting For Life Abroad?

Contact Casa Linda to learn more about purchasing your dream home in paradise today!

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Cost of Living in The DR: Let Your Dollar Go Further!

Cost of Living in The DR: Let Your Dollar Go Further!

Your Perfect Villa

is waiting for you at casa linda

If you’ve been moving or retiring aboard, there’s no doubt that finances are likely among the top of your concerns when it comes to planning. It’s no secret that your budget plays a huge role in determining where you can settle down, and for many, this aspect of getting ready can often feel stressful.

Fortunately, for those looking to retire in a tropical paradise, the Dominican Republic is the perfect fit! With a low cost of living that makes affordable luxury an easy possibility, you really can have the lifestyle you’ve always wanted, all without pushing your budget too far. At Casa Linda Quality Communities, we know how important it is to feel confident when taking the leap to move abroad. That’s why our team is always here to make sure you have the information you need when it comes to moving to the Dominican Republic! Below, we’ll cover some of the cost of living essentials to be aware of when moving to the DR.

Buying a New Home

Whether you’re planning on relocating permanently or setting up a winter escape, it’s no surprise that everyone’s top priority when settling in the Dominican is ensuring you can find safe, affordable, housing. As we mentioned above, the lower overall cost of living in the Dominican Republic makes it easier to find a gorgeous home, without blowing through your savings. In fact, at Casa Linda, we’re proud to offer exceptional floor plans from as low as $207,300 USD. Affordable living is an easy reality with our community!

Utilities

Just like you do in North America or Europe, you will need to pay for the standard utilities that come with homeownership, as well as day to day essentials. The good news is, however, that utilities like water, electricity, and even your internet bill are usually significantly less than what you pay back home, with some costs coming in as low as just $50 USD a month! The only difference that you will want to be aware of is that the reality of island life is that power outages do happen frequently. With that being said, the purchase of a backup generator will keep you running smoothly even with little hiccups hit, minimizing your downtime and allowing you to enjoy life as usual.

 

cost of living in the dominican republic

Food

Groceries and eating out are another one of those daily essentials that you can expect to be quite happy about where your budget is concerned. While places all over the world may have seen a steep jump in the cost of food, in the DR, you can still expect to spend much less than you are accustomed to. From stocking the kitchen to eating out with your newfound friends, your can expect your food budget to be very affordable on all fronts.

Healthcare

Finally, moving is a big life decision, and it makes sense to want to know that you’ll have the care you need when it matters most. Whether you have existing health concerns or like to plan ahead for the future you’ll be pleased to learn that the Dominican Republic has exceptional healthcare that is incredibly accessible, as well as affordable. With state-of-the-art facilities and services available in both English and Spanish, you can rest easy knowing you’ll always have the help you need when it matters most.

Need more Info About Budgeting For Life Abroad?

Contact Casa Linda to learn more about purchasing your dream home in paradise today!

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