Invest in Dominican Republic

The Dominican Republic as well as being a true natural paradise, which God graced with the most beautiful beaches and beautiful in this world. Its people are friendly and cheerful, always willing to help. A wonderful climate all year and good airport facilities and hotels.

Full physical security for you and your family due to the effective and great work of his Government totally eradicate crime in major tourist areas.

They make the Dominican Republic is the country with more protection and socio-political stability and economic of the entire Caribbean and Latin America. Its strategic geographical location, low cost of living and working. Coupled with the excellent laws for encouraging foreign investment and residence, make this country highly attractive to those seeking a quality of life, safety and high return on their investment property.

Whether investing in a second home, to enjoy its beautiful beaches and relax from daily stress (it can if you wish, rent your home safely the rest of the year, and so fully amortize its investment). Well as the first residence to live permanently in the country. Or investing in housing and tourism projects residential beach, marina or golf (including the Dominican Republic has the most prestigious and Paradise of the world) to resale or rent, thereby obtaining excellent benefits.

The Dominican government encourages private foreign investment. Foreigners who choose to invest or reside in the Dominican Republic are protected by international laws and agreements that allow you to conduct business, make purchases of buildings and even participate in any investment area like a Dominican national. With complete certainty, investment freedom, movement and association.

The new tax law on freedom of the Dominican Republic. It stipulates that foreign companies investing in the Dominican Republic and meet certain characteristics are exempted from paying taxes for a period ranging from 3 to 10 years. Furthermore, all expatriate benefits can be anywhere in the world.

Dominican Republic doubly Paradise for Pensioners

As of July 13, 2007 was adopted the law on special incentives 171-07 Pensioners and Rentistas foreign source. This law seeks to facilitate the flow of investments into the country. Giving people who are interested in retiring in the Dominican Republic legally advantageous for these facilities. Who can access:

Foreign citizens who are beneficiaries of a monthly income for a pension or retirement of a government or government agency or private company of foreign origin, who are interested in moving to the country his permanent home and receive the benefits of their pension or retirement in the Dominican Republic. They may also benefit from this law Rentistas those benefiting from stable income, permanent, whose principal is generated or from outside either:

1. For deposits and / or investments in foreign banks established in the

2. Remittances from banks or financial institutions.

3. Investments in companies located abroad

4. Remittances arising from real estate

5. Profits from investments in bonds issued in foreign currency

6. Interest income or dividends from investments made movable or immovable assets in the Dominican Republic, whose chief has been generated or accrued mainly abroad.

Moreover pensioners and rentiers interested and retire in the Dominican Republic will enjoy the same benefits and exemptions granted to foreign investors and citizens living abroad. Among these we note the following:

 1. Exemption of 50% of the Real Property Tax.

2. Exemption of taxes on real estate transfers.

3. Partial Tax Exemption of Motor Vehicles. Law No.168.

4. Obtaining permanent residence document within 45 days. Decree No.950

5. 50% exemption of taxes on mortgages, when the creditor financial institutions are properly regulated by the Monetary and Financial Law

6. Exemption from taxes trousseaux Home and Personal Property, Law No.149.

7. Exemption from taxes levied on the payment of dividends and interest generated in the country or abroad

8. 50% exemption on capital gains tax, provided the annuitant is a majority shareholder of the company that is the subject of this tax and that that company is not engaged in commercial or industrial activities.

Conditions required by law to Pensioners and Rentistas

Retirement in the Dominican Republic, pensioners and Rentistas interested in benefiting from the facilities accorded by this law must receive a monthly income of no less than fifteen hundred dollars, U.S. currency (U.S. $ 1,500.00) and the annuitant shall receive a monthly corresponding to two thousand U.S. dollars (U.S. $ 2,000.00) or its equivalent in local currency over the sum of two hundred fifty American Dollars (U.S. $ 250.00) for each dependent.

To be eligible for this program, the lead applicant will not be required a minimum age

Under this Act, may apply to the Residency Program for Investment, pensioners and annuitants and their spouses and unmarried children under 18 years old, incapacitated adults, or seniors who attend college and check financially dependent on the principal applicant. They may include children over whom the holder or his spouse protection exert fully acknowledged.

Ability to perform unpaid work in the country

Pensioners and annuitants covered by this law may deal with remunerative work. Enjoyed tax exemption from tariff on imports of personal and household effects, as well as professional offices and equipment used, being exempted from tax payment and may also benefit from the scheme Partial Tax Exemption of Motor Vehicles established by Law No.168, amended by Law No.146-00, on Tariff Reform and Fiscal Equalization.

Consequently, the fiscal commitment of the Dominican authorities and benefits cause that at the present time, this it is the ideal moment to invest and to reside in the Dominican Republic.

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