Why Invest In Las Terrenas?
The Gross Domestic Product (GDP) recorded a growth of 4.9% in 2022.
This has been a record year for tourism and a very profitable year for the Dominican Republic’s economy. Visits continue to increase and real estate investments follow. The owners benefited from high rental returns thanks to a strong demand for housing in Las Terrenas.
The purchase of a property on opens the doors to the residence by investment.
INVESTOR VISA
The candidates must buy a house in the Dominican Republic or buy a condo in the Dominican Republic to make a minimum investment of $200.000 US in the real estate in the country through a registered company.
There are others, the most common are :
PENSIONADO (RETIRED) VISA
The applicant must have a minimum income of at least $1,500 US per month plus $250 US per dependent from a pension.
RENTISTA (ANNUITANT) VISA
The applicant must have a minimum income of at least $2000 US per month from any income derived from an investment within the last 5 years.
BENEFITS OF PERMANENT RESIDENCE
There are many advantages to becoming a resident of the Dominican Republic.
- Entering the country is straightforward, as you don’t need a tourist card or visa, and there’s no requirement to show a return ticket.
- Remaining in the country legally is possible with just an identity card (Cédula de Identidad Personal).
- Applying for a Dominican driver’s license is allowed, though non-residents can only drive for 90 days using an international license.
- Working and conducting business in the Dominican Republic is fully permissible.
- Taking advantage of tax benefits such as a low inheritance tax is possible.
- Enjoying a fantastic lifestyle in a spectacular setting with a high standard of living and relatively low costs compared to other islands is another advantage.
