Is Dominican Republic a tax haven?

17 maart 2021

Although the Dominican Republic is not considered a tax haven, it has a territorial tax system, which means you can live there tax free as long as your income comes from abroad (this also applies to businesses).

Second passports

Another attractive fact about the Dominican Republic is that after two years of residence, you can apply for a second passport and have dual citizenship. As long as you have been a good citizen, there should be no issues on obtaining your new passport. You can obtain your dominican pasport for around $10k to $15k plus the two years of residency.

The Dominican Republic lifestyle

The island is certainly a good place to live, specially for people with income from other countries. The capital Santo Domingo, is a modern cosmopolitan city with a colonial feeling to it and a fascinating culture. The Dominican Republic was colonised by the Spanish, and the Americans were responsible of its deveplopment. It is a very diverse country, in Santiago, on the north coast, there is a considerable jewish population and even parts where French and Italian is spoken.

Moving to the Dominican Republic

Surprisingly, the Dominican Republic is not amongst the most popular places to retire. This is actually beneficial, as it gives good value to real estate and obtaining your citizenship is quite easy. In short, making business can be as good as the weather!

You can follow us on Facebook and Instagram to stay up to date with our newest listings.

Categorieën: News

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Last items

  • How to buy a property in Dominican Republic?

    Is it smart to Invest in the Dominican Republic? If it is smart to invest in Dominican Republic depends on your own situation and the most important thing to answer this question is: in, what kind of property are you going to invest, Dominican Republic is a huge island with lots of options for tourist…

    Lees verder »

  • Financing Real Estate in Dominican Republic

    As anywhere in the world financing real estate is a subject that has many tricky points, and the Dominican Republic is not an exception. Because of this, we came up with a Q&A with the specifics of financing in the Dominican Republic and (finally) getting your slice of paradise here. During my 15-year career in…

    Lees verder »

  • Natura House, the dream villa in Cap Cana

    Natura House, is an amazing villa located in the Las Lagunas sector in Cap Cana (3 minutes from Juanillo Beach). The property is 857 m2 and has over 2000 m2 of gorgeous gardens all around. Moreover, as the owner of Natura House you will get to benefit from all the perks Cap Cana has to…

    Lees verder »

  • Residence Navio Los Corales, a beautiful place to live in Punta Cana

    Navio Los Corales, is a real estate project estimated to be finished by the ends of 2021. The complex will consist of 50 apartments, varying from 1 to 3 bedrooms, starting from 91 m2 up to 156 m2. As a resident at Navio Los Corales, you will be near to many points of interest, and…

    Lees verder »

  • Torre Orma, an amazing new residential project in Santo Domingo

    Torre Orma, will be located in the Bella Vista area in Santo Domingo. The tower complex will have 60 luxury, two to three bedroom apartments, starting from 121 m2 up to 173 m2. As a resident of this impressive tower, you will be able to enjoy of all the amenities in the building, such as,…

    Lees verder »