your optionsIs any way to get residency in DR if you don't want to spend 200k in the citizenship by investment? Sounds like a great place to live.
How is the banking system there?
Or do it like many germans and just overstay for years.your options
unfortunately an investment into residential property is not enough
- Retiree: If you are receiving at least USD 1,500.00 from a pension (either from a government institution or private company).
- Rentista: If you receive at least USD 2,000.00 monthly and could prove this income for the last five (5) years, from any international source (company shares, stock market, etc.). Salaries do not apply.
- Investor: It is obtained by investing at least USD 200,000.00 in a Dominican corporation, Touristic project, or Free Zone developments.
- Family reunion: By being married to a Dominican citizen or legal resident.
You don’t need to invest any money, just apply for temporary residence and renew it yearly for 5 years until you get the PR. You just need an abode and a guarantor, and the right people to process it smoothly.Is any way to get residency in DR if you don't want to spend 200k in the citizenship by investment? Sounds like a great place to live.
Kind of normal. Imagine, you can even use cash!How is the banking system there?
do you have to be physically present in DR to renew TR?You don’t need to invest any money, just apply for temporary residence and renew it yearly for 5 years until you get the PR. You just need an abode and a guarantor, and the right people to process it smoothly.
Yes, no way around that because of biometrics. But you can renew late by paying a monthly fine.do you have to be physically present in DR to renew TR?
That's awesome I love using cash but I meant if you can have a usd account. I will check the requirements to get TR there. TYYou don’t need to invest any money, just apply for temporary residence and renew it yearly for 5 years until you get the PR. You just need an abode and a guarantor, and the right people to process it smoothly.
Kind of normal. Imagine, you can even use cash!
Of course! It's well known that the Dominican Republic taxes foreign passive income. That's why wealthy people who want to be compliant with tax laws stay away.Guys I've just read that the RD territorial tax system is valid only for the first 3 years of residence. Is it true?
Of course! It's well known that the Dominican Republic taxes foreign passive income. That's why wealthy people who want to be compliant with tax laws stay away.
Of course! It's well known that the Dominican Republic taxes foreign passive income. That's why wealthy people who want to be compliant with tax laws stay away.
Well, your question was "IS IT TRUE" to which I replied "OF COURSE".Look we are talking about different stuff.
I'm talking about the time of 3 year limit of foreign income.
You are talking about foreign passive income.
And I raised a possible loophole of being 2 years, and leaving one, to then become resident again at the 4th year
You get a temporary exemption on passive income. Active income is always exempt.Guys I've just read that the RD territorial tax system is valid only for the first 3 years of residence. Is it true?
Is it possible to trick it, as being 2 years and leaving 1 year round without going there, and then +2 years again, forever?
I mean, does not even make sense, or it's a territorial system or it isn't...
@JohnnyDoe do you know about that?
Do you know any migration attorney or so?You don’t need to invest any money, just apply for temporary residence and renew it yearly for 5 years until you get the PR. You just need an abode and a guarantor, and the right people to process it smoothly.
Kind of normal. Imagine, you can even use cash!
What's considered active income exempt of taxes there? Like if I do trading, offer online services, have a YouTube channel or whatever social media related that would be tax exempt if my money comes from US or UK? I am curious as in some territorial tax countries they don't consider it foreign income if you work online from there. I know there is always ways around but I am curious.You get a temporary exemption on passive income. Active income is always exempt.
Yes, and better to keep the money outside of the country so you avoid questions.What's considered active income exempt of taxes there? Like if I do trading, offer online services, have a YouTube channel or whatever social media related that would be tax exempt if my money comes from US or UK? I am curious as in some territorial tax countries they don't consider it foreign income if you work online from there. I know there is always ways around but I am curious.
it's a big country, you'll need plenty of time and move around to get a serious picture, that's my experience so far...I'm going there to try, I will let you guys know how it's going
I totally agreeI'm here. The country is a bit messy in matters of culture and organization.
Oman could be called "organized" for example but would you live there?Curious if there is a tax haven country that is more organized
let me know once you find oneTo have a beach chilling life while remote work