Are you ready to never shovel snow again? If living on a warm tropical island sounds like a dream come true, you should consider becoming a full-time resident of the Dominican Republic. Becoming an expatriate is an exciting experience; at Casa Linda, we can help you settle into a comfortable community of fellow expatriates. Our villas are the perfect place to kick up your feet and enjoy the laidback island life. Below we’ll discuss the residency process in the Dominican Republic and some of the benefits of permanent residency. Keep reading to learn more!
Residency Requirements
Suppose you intend on staying in the Dominican Republic permanently. In that case, you’ll need to brush up on the rules associated with gaining residency. When you first enter the DR, you can stay in the country for up to 60-days; if you wish to stay longer, you may extend your visit for up to 120-days. However, suppose you’d like to remain in the DR beyond the 120-days. In that case, you’ll have to consider a provisional residency visa or citizenship via investment. A provisional residency visa is regarded as the “standard” process and requires you to re-apply year after year for four years; after that, you can apply for permanent residency.
In comparison, citizenship via investment is a faster and somewhat simpler process. You’ll need to pass a background check and a detailed health exam to qualify. You’ll also be required to make a significant economic contribution to an approved real estate transaction or a government fund. You have a range of options to consider when you decide to live in the Dominican Republic permanently. Let Casa Linda assist you in gaining citizenship via investment by providing you with the luxury villa of your dreams!
Buying a New Home
To qualify for citizenship via investment, the property you’re purchasing must be government-approved and valued at least $200,000 USD. In addition, there are several other fees for applicants and spouses you’ll have to pay. Once you purchase your new villa from Casa Linda, you must maintain ownership for at least 4-years. After that, you may resell the property.
Whether you’re planning to move abroad permanently or a snowbird looking for a new nest, the Dominican Republic is a safe and affordable destination. At Casa Linda, we have a range of villa floor plans available for you to invest in. Our villas are situated on the northern end of the DR in our expatriate-filled gated communities. Our luxury villas are customizable to suit your unique needs and style better. Our in-house architects are excited to partner with you to build you your dream home!
The Benefits of Permanent Residency
Gaining permanent residency allows you to live legally in the Dominican Republic and access several other benefits. These benefits include bank loans, applying for credit, working lawfully in the country, and a more favourable tax structure. Over the decades, the Dominican Republic has made an effort to welcome more foreign investors and new residents. Gaining your permanent residency is one of the best ways to capitalize on your life abroad and enjoy your time in the DR.
Ready to Invest?
Casa Linda Quality Communities is here to help you live in paradise at an affordable price. Contact us today to learn more about your dream villa and living in the Dominican Republic.
