We found 0 results. View results
Your search results

Why Invest In Las Terrenas?

Posted by GrindleyImmo on 29 March 2023
0

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.

Compare Listings