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Fast Facts on Dominican Republic Residency: Things you Need to Know From Investing and More

Fast Facts on Dominican Republic Residency: Things you Need to Know From Investing and More

Are you hoping to settle down and start a new chapter in life abroad in the Dominican Republic, but find yourself a little confused as to how to secure residency status? Becoming a permanent resident is an important, and necessary, step for those planning to remain in the DR past the normal 3 months allotted by a visitor’s visa. Many of the most frequently asked questions we get here at Casa Linda revolve around securing your residency. To help you feel a little more prepared before making your move, below are three of the most frequent residency questions and their answers. Read on to learn more!

1. What is Permanent Residency

Permanent Residency (PR) refers to a formal status application that, once granted, legally entitles you to stay in the Dominican Republic indefinitely. Without your PR, you will only be allowed to stay in the country for 3 months at a time and will not be eligible for all of the perks and permissions that residents have. PR is necessary for full-time residents, but also those wishing to legally work and conduct business while residing full time in the Dominican. Note that the DR does not offer a work visa, therefore PR is the only way to do so legally.

Villa At Casa Linda

2. Is it hard to get my PR?

Yes and no. As we’ve mentioned above, applying for permanent residency is a formal process, and as such, there is quite a bit of paperwork involved. With that being said, the process itself is actually relatively straightforward, especially if you have the help of a skilled legal team that can help you navigate the various forms. You can expect to submit multiple kinds of documentation including background/criminal records information, health information, financial statements and more. One of the most common setbacks encountered by applicants occurs when information is set to the wrong place or in the wrong language. Be sure to read through all requirements thoroughly to minimize the chances of such errors.

3. Can I fast-track my application?

The Dominican is one of the few countries that offer a “faster” naturalization option for those that are able to invest $200,000 USD into the local economy via local businesses or local financial instruments. Doing so allows you to skip the 4-year temporary residency requirement that’s typically in place and can help you gain your PR directly in as little as a year.

It’s Your Time to Shine

If you’re ready to leave cold winters and the chaos of your day-to-day behind, the Dominican Republic is here to welcome you! Based on the north end of the island, Casa Linda Quality Communities gives you access to affordable custom villas, a vibrant social scene, and safe living with peace of mind. Contact us today to learn more about living in Cabarete!

Invest in Your Future with Dominican Republic Real Estate

Invest in Your Future with Dominican Republic Real Estate

Are you looking for the perfect tropical location to put down roots and invest in your future? Whether you’re looking to dive into full-time expat living, want a winter home that allows you to escape the cold, or want the flexibility of a foreign property that will allow you to transition from part-time to full-time, there’s no better place to invest in tomorrow than the Dominican Republic. Known as the “Crown Jewel of the Caribbean”, the Dominican is a real estate hot spot among expatriates from all over the globe, largely due to its beautiful beaches, world-class healthcare system, and a thriving economy. If you’ve been looking for a dependable country to open a new chapter in your life, the DR truly has something in store for everyone. Below, we’ll take a quick look at 5 Reasons to invest in tomorrow in the Dominican Republic.

1. Affordable Luxury Housing

It’s no secret that one of, if not the most important, informing factors when it comes to deciding to move abroad is your budget. While there’s no shortage of breathtaking locales that welcome expatriates, finding a location that allows you to maintain, or even enhance your living standards can be tricky. From currency exchanges to the general cost of living, it’s important to take a close look at your current and future finances.

Fortunately, for those looking to extend their dollar and live life to the fullest, the Dominican is an ideal fit. With luxury homes starting as low as $185,000 USD from Casa Linda and a much lower cost of daily essentials like groceries etc, living the life you’ve always wanted is easier than ever!

dominican republic custom villas

2. Jaw-Dropping Views

Let’s be honest: one of the best parts of moving to a tropical paradise is the stunning scenery, and the Dominican certainly has no shortage of views to offer. With miles of white sandy beaches, crystal blue waters and lush greenery around every corner, there’s nothing quite like investing in the natural beauty that puts a smile on your face, day after day.

3. Leading Infrastructure

The Dominican is the most advanced nation in the Caribbean and boasts a high-class infrastructure system that makes it easy to live the lifestyle you’re already accustomed to. From dependable power and high-speed internet to a state-of-the-art healthcare system that features world-class facilities and service in both English and Spanish, you can rest easy knowing you’ll always be cared for and have access to the things that matter most.

4. Longterm Growth

No matter where you buy, property is a huge investment in your future, and so setting down roots where you know they can flourish is key. The Dominican has a robust and constantly growing economy, as well as a stable government that makes it easy to buy with confidence and peace of mind.

5. Ease of Residency

While there may be plenty of countries that are willing to let foreign buyers purchase real estate, few are as accommodating and genuinely welcoming to newcomers as the Dominican. The government in the DR is eager to incentivize foreign investors and has a relatively easy residency process for those wanting to make their move permanent.

The Future is Waiting, Are You Ready?

Learn more about Dominican Republic real estate by contacting Casa Linda today!