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 Las Terrenas opens the doors to the residence by investment.
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.
You can easily enter the country without a tourist card or visa without having to present a return ticket upon entry.
You can stay legally in the country with an identity card (Cédula de Identidad Personal).
You can apply for a Dominican driver’s license. Non-residents can only drive in the country for 90 days with an international license.
You can work and do business in the Dominican Republic.
You can take advantage of certain tax benefits such as a low inheritance tax.
You can enjoy a fantastic lifestyle in a spectacular setting and a high standard of living with relatively low costs compared to other islands in the region.