Dominican Republic Residency via Real Estate Investment

Dominican Republic Residency via Real Estate Investment

Your Perfect Villa

is waiting for you at casa linda

Did you know that you can apply for residency when you invest in the Dominican Republic? Below we’ll discuss the different options for obtaining a Dominican Republic Residency as an investor.

What is the difference between residency and citizenship?

One of the most common questions asked when investing in the Dominican Republic is whether the individual will receive residency, citizenship or tourist visa. Typically, visitors from the USA, Canada, EU and UK do not require a visitors visa to enter the DR as a tourist. As long as you have a valid passport and show proof of return travel, you can be granted a 30-day tourist visa.

For those unfamiliar with the process of residency and citizenship, it might be somewhat confusing to determine the difference between them. Generally speaking, citizenship enables you to apply for a passport and become an official citizen in the country, whereas obtaining residency is usually applying for a travel document that will enable you to travel to the country more freely and offer you a few benefits. When buying property in the Dominican Republic, you are considered an investor, which then allows you to apply for a Dominican Republic residency. Below are two ways to obtain a Dominican Republic Residency:

Option 1: Temporary Residency to Permanent Residency

If you intend to live in the Dominican Republic and shop around for villas, you can apply to the Migration Office for a “provisional residency” through a temporary residency permit at your local Dominican Consulate. This permit will allow you to reside in the Dominican Republic for a year, which will then permit you to apply for a permanent residency. It’s important to know that Permanent Residency Cards are valid for only two years and can be renewed at the Immigration Department for a range of periods.

Option 2: Investor Residency

As an investor in the Dominican Republic, you are eligible to apply and obtain a permanent residence by investing $200,000 USD in the DR. Instead of spending a year in the DR on a temporary residency and going through the process of applying for a permanent residency; you can invest in the DR and fast-track the application process. Most homeowners who have decided on moving to the DR apply for an investor residency to be able to visit their homes any time of the year. Rather than coming down every other month for 30-days, property owners prefer to closely follow up with the construction of their dream home.

Casa Linda Quality Communities

For over 40 years, Casa Linda has been home to many European, American and Canadian citizens. We have helped many couples move from the cold winter countries to the beautiful sunny Caribbean island throughout the years. Not only do we help homeowners plan their trips and design luxury villa, but we also provide them with all the help they need when applying for a residency. Casa Linda Quality Communities is not your average real estate company; we help our clients with the buying process, provide them with ex-pat support and information and offer them different options to rent their villa.

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Is Investing In The Dominican Republic Profitable?

Is Investing In The Dominican Republic Profitable?

Your Perfect Villa

is waiting for you at casa linda

The Dominican Republic is a beautiful place to visit, but is it a good place to invest? Read on below to find out! 

Economic Social Stability

It goes without saying that the pandemic significantly impacted many countries and caused a sharp contraction in the economy worldwide. Some countries were able to bounce back while others are still living with the repercussions until this day. One of the countries that were able to strongly recover from the setback and experience a remarkable economic growth of almost 7% in 2020 and 12.3% in 2021 is the Dominican Republic (DR). 

While the pandemic had put intense pressure on the financial sector, the DR was able to overcome the financial challenges successfully. With the significant growth of tourism, mining, telecommunications and foreign direct investment, the DR is now the second fastest growing economy in Latin America. The economic growth in the DR has made it a prime location for investors as it created many different investment opportunities that are both safe and successful. With the DR’s stable economic growth, you can safely invest in many investment opportunities. If you’re a foreigner looking to invest in the DR, you can apply for one of the investor visas and even gain permanent residency by qualifying for an investor visa. 

Best Investment Opportunities

The increase in investment opportunities paved the way for real estate investment to rise significantly over the past years. The DR has even made it possible for foreigners to invest in real estate on the same grounds a local investor would. As a foreign investor, you can gain free access to international currency in local commercial banks and the Central bank, free conversion of funds and repatriation of 100% of the profits. You can also buy real estate all throughout the Dominican Republic, including maritime and touristic locations. The DR has made it possible for you to purchase any property, whether or not you carry the Dominican Residency and without the need of a local partner.

Casa Linda Quality Communities has been one of the most popular destinations for investors and retirees to purchase real estate and build their dream homes. For over 20 years, we have helped retirees, investors and entrepreneurs build the villa of their dreams and start their journey in the Dominican Republic. Our team offers free in-house architectural services to give you the freedom to design and modify your own personalized luxury villa. We also provide different options for rental services that will help you rent out your villa on major travel sites like Expedia, Booking.com, Airbnb etc. At Casa Linda Quality Communities, we are ready to help you every step of the way.

Strong Tourism Industry

Wouldn’t you want to spend your days in the tropical climate, enjoying the white sandy beaches and exploring the diverse mountainous landscapes? Well, so do 6 million tourists who visit the DR every year. The Dominican Republic has become the most popular destination for tourists in the Caribbean, making it one of the top 5 overall tourist destinations in the Americas. In fact, the tourism industry accounts for more than 10% of the Dominican Republic’s GDP, putting it one of the most profitable destinations for investors. Many of the owners of Casa Linda Villas can rent out their villa for most of the year and then come back for a family vacation whenever they want to, making it both profitable and enjoyable for them. 

Start Investing In The Dominican Republic With Casa Linda

Contact us today to learn more on how you can successfully start your real estate investment with Casa Linda Quality Communities. 

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