Why Choose the Dominican Republic As A Home?

Why Choose the Dominican Republic As A Home?

Why Choose The Dominican Republic As A Home

Answering A Few FAQ’s

By Colleen Valerio

So far, we’ve learned about the Dominican heritage and wonderful climate. How Puerto Plata is an ex-pat favorite and the education system is top-notch. By now, you may be wondering what is the buying process? What’s the cost to live in paradise? What’s the taxation like? After 14 years of experience selling in the DR, we’re going to put together answers to these and many other questions you may have. 

As ex-pats, we saw the Dominican Republic as the best balance in the title system, security of investment, all of that was key for us. Fortunately, this country offered that and much more. We’re very comfortable and happy with the security of the government and how it’s invested in trade agreements with North America.

The Dominican Republic is the number one tourism destination in the Caribbean. Tourism is a large percentage of the tax base and growth of the country. Due to this, the government has a vested interest in maintaining tourism numbers, keeping people happy, and investing in infrastructure for ex-pats. For us, it was shocking to find how foreign investment-friendly the DR is. In many countries, you can easily get your money in but good luck trying to get your money out! These are all things to consider when you’re looking into buying a foreign property.

Infrastructure

Coming from a first-world country like Canada, to what is considered a third-world country, we were very impressed with the Dominican government. It is such an advancing government, in terms of education for its people, and the improvement of the living standards for lower- and middle-income classes. 

Locals

Dominicans are kind-hearted, friendly, and very helpful and to us, all this meant a big deal when moving. As I would say, this is like home only warmer. One of the things I think it’s really surprising to people is how big this island is, you do not feel like you’re on an island.

Community

The advantages of this are that you can do anything, we have such a large ex-pat community, everybody that’s doing anything is doing it here. We have English-speaking churches, remote control car club, gardening club and all kinds of different things.

A lot of people come here and buy when they’re pre-retired, they come and spend as much time here as they can and maybe leave the property for rent when they’re not here. Over the years, they flip and start using this as their home base and their property back home becomes their secondary residence. 

Services

It’s nice to be able to do that in a country that offers so much, including excellent Medical Services, people assume when they come here it’s some sort of backwoods doctor when in reality it’s outstanding medicine.  We have a great Hospital here in Sosua, for anything serious HOMS Hospital in Santiago, even has an entire building for cancer treatment. It’s not the third world, this might be a developing country but the services are the first world and that’s important when you’re looking for a place to retire.

People always come here and are wowed by the palm trees and swimming pool, I always turn around and say wait, hold it. Those things are important, but the most important thing after you do your due diligence on the title system, the government, and the country, in the community and people don’t think about it because they’re wowed by the fact that it’s not cold.

But really at the end of the day, you need friends, people are very social creatures and that’s one thing that the North Coast offers. The North Coast has been an ex-pat community for 40 years, it’s a very welcoming type of community.

Men can golf and slap each other on the back but women need to find connection, and that’s one thing I’ve found here and not just in my age group. It’s a really neat type of environment. 

If you are planning for retirement or seek a home base with a lower cost of living, it’s time to check out the Dominican Republic! ? Learn more about Dominican features and amenities through our video series “Buying Real Estate in the Dominican Republic”. 

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colleen valerio

Colleen Valerio, Marketing Director

Originally from western Canada, Colleen came to the DR over 15-years ago. She has been helping buyers find their tropical dream homes ever since.

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

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!

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