Thoughts on Dominican Republic?

[wellington]

Considering longer term (lived on islands now for a long time - usually connected by bridges etc to mainland with their own airfields etc).

Never been to DR, but thinking about the future (wife with two little ones) - education etc.

DR gives me a bit of what i have already, but is a switch from Asian to Western (if anything like the bahamas etc).

It's bigger than little caymans (which did appeal) though less civilised from what i see than Barbados.

Only issue not so sure on young education (older private boarding europe/us/asia)

Its (IMO) safe spot for any conflict(s) in the future.

Not one hundred % on citizenship after so many years (possible?) i know you can buy.

 

[Simon4466]

What made you decide on the DR over Barbados? The latter is outside of the hurricane belt, seems to have less crime and - in your words - more civilized people.

 

[JohnnyDoe]

Territorial taxation, great variety of landscapes and climates, great food and low cost of life. If you don’t mind being a gringo, it’s a nice place to be.
Citizenship can be obtained, realistically, after 7 years of residence.

 

[saintjohnny]

It's great. I'm a citizen by birth. While I would not live in Santo Domingo... the rest is amazing. Feel free to AMA via TG. Ideologically speaking, DR is a free country, pro-business, pro-money. While it's true that the people are not "very civilized", they are the kind that will revolt against tyranny, and won't take authoritarian, anti business BS from government. Regarding education, I studied in a top tier school that enabled me to go to uni in the US. There are many.

 

[bonox]

DR may be as good as the Bahamas and other Islands for instant in the Caribbean.

 

[RealDude]

Territorial taxation

Source?

 

[JohnnyDoe]

Source?

https://taxsummaries.pwc.com/dominican-republic/individual/taxes-on-personal-income

 

[Marzio]

If you don’t mind being a gringo, it’s a nice place to be.

If you don't mind about DR crime rates than yes, it could be a nice place to be.

 

[RealDude]

https://taxsummaries.pwc.com/dominican-republic/individual/taxes-on-personal-income

„In the case of individuals who become residents, this foreign-source income is taxed only after the third year.“

When do you become a resident?

If you don't mind about DR crime rates than yes, it could be a nice place to be.

U.S. State Department: “The wide availability of weapons, the use and trade of illicit drugs, and a weak criminal justice system contribute to the high level of criminality [in the Dominican Republic].”

„It’s also worth noting that the Dominican Republic’s risk of natural disasters is higher than in many other places, and the nation is susceptible to environmental calamity, including hurricanes, tropical storms and depressions, earthquakes, floods, droughts, and other forms of extreme weather. Hurricanes, in particular, are frequent, and many Dominican buildings are not erected to code.“

 

[JohnnyDoe]

If you don't mind about DR crime rates than yes, it could be a nice place to be.

It’s as safe as any other normal country. Just avoid those places where you have no good reason to go and don’t get into arguments with locals.

„In the case of individuals who become residents, this foreign-source income is taxed only after the third year.“

When do you become a resident?

When you have a residence permit

U.S. State Department: “The wide availability of weapons, the use and trade of illicit drugs, and a weak criminal justice system contribute to the high level of criminality [in the Dominican Republic].”

„It’s also worth noting that the Dominican Republic’s risk of natural disasters is higher than in many other places, and the nation is susceptible to environmental calamity, including hurricanes, tropical storms and depressions, earthquakes, floods, droughts, and other forms of extreme weather. Hurricanes, in particular, are frequent, and many Dominican buildings are not erected to code.“

The guy who wrote this has never been in the DR. Or made confusion with Florida.

 

[Marzio]

When do you become a resident?

When you have a residence permit

...and when you stay 182+ days in year

https://taxsummaries.pwc.com/dominican-republic/individual/residence

 

[RealDude]

...and when you stay 182+ days in year

that doesn't make it very attractive?

 

[JohnnyDoe]

...and when you stay 182+ days in year

https://taxsummaries.pwc.com/dominican-republic/individual/residence

There are no minimum stay requirements for keeping your residence. The 182 days rule is the usual general one that applies to those who don’t have a permit.

 

[Marzio]

The 182 days rule is the usual general one that applies to those who don’t have a permit.

Really? I thought only after gaining citizenship a person could escape the 182 days rule.

 

[JohnnyDoe]

Really? I thought only after gaining citizenship a person could escape the 182 days rule.

Yes really. Once you have your permit you can stay out of the country as long as you want. They check how long you remain if you don’t have a permit, and if you overstay you must pay a (small) fine for each day.

 

[Marzio]

Johnny so why don't you relocate there?

Plenty of nature, territorial taxation, no minimum stay requirements, what's wrong with DR?

 

[void]

Johnny so why don't you relocate there?

Plenty of nature, territorial taxation, no minimum stay requirements, what's wrong with DR?

I guess it's about the GRINGO syndrome that disqualifies all the other sensible options as well

 

[JohnnyDoe]

I guess it's about the GRINGO syndrome that disqualifies all the other sensible options as well

Exactly. Even though I’m a citizen (after many years of residence), I remain a white gringo, which has also some pros btw.

 

[Marzio]

The only place where you would not feel as a white gringo is in Bad Ragaz!

 

[crypto7figs]

interesting thread. anyone have ever tried RD?