Dominican Residency
As a foreign national, you are either a «non-resident» or a «resident.» Nonresidents are those who intend to stay in the country for a limited time for a particular purpose such as business or pleasure. A resident is a foreign national who is staying in the country for an extended period and has obtained legal […]
Internet options in the Dominican Republic
Getting online The Internet is widely available in the Dominican Republic, though even in the capital Internet cafes are not as common as in other parts of Latin America. As an expat, you will probably want to think about getting a connection set up in your home. Internet cafes and WiFi Santo Domingo offers the […]
Inheritance tax in the Dominican Republic
In the Dominican Republic, the age to make a will is 18 years old. You can have an attorney help you make a will but it is not mandatory. What most families have is a generation will that is written and usually passed down from generation to generation preferably to the heirs in families. It’s not something […]
Making calls in the Dominican Republic
The Dominican Republic has one of the most advanced telecommunications infrastructures in Latin America, all of which are regulated by state-run INDOTEL (Instituto Dominicano De Telecomunicaciones) The two main providers for telecommunications are Altice and Claro, both of whom offer a reliable service for a decent price.When it comes to mobiles, there are 3 main […]
Hours, holidays, and working conditions
Working conditions Few Dominicans enjoy pleasant and healthy work conditions, especially in rural areas. It gets better in the manufacturing sector, for instance, manufacturing goods for export. Workers are expected to work hard in often dangerous and dirty environments for low wages. In the tourism sector, especially in modern resorts, working conditions are more acceptable, […]
Getting a driving license in the Dominican Republic
Valid driving license: When your embassy validates the driver’s license:You must present valid licenses from your country of origin for certification from the Dominican embassy or consulate offices of your country which will verify the validity of the license. Once you have this you need to take your documents to be authenticated by the Ministry […]
Dominican Republic Visas
When traveling to the Dominican Republic, visitors should be aware that there are two main types of visas: Tourist and Business: There are some countries whose citizens do not need a visa to enter this country: Argentina, Chile, Ecuador, Israel, Japan, Peru, South Korea, and Uruguay. Some visitors are obliged to buy a tourist card upon arrival in the […]
Banks in the Dominican Republic
There are 17 different financial institutions and banks in the Dominican Republic. They include commercial banks, mortgage banks, state-owned banks, and savings and loan institutions. Banco Central de la República Dominicana (BCRD) is responsible for regulating the monetary system and banks in the Dominican Republic. Established in 1947, BCRD is governed by the Monetary and Financial Law. […]
Financing with banks
There are three options: 1. Refinance or place a home equity line of credit on an existing property in your home country to pay for the DR purchase: 2. Place a new, US dollar first mortgage on the DR property being purchased; 3. Purchase a project with developer financing Steps to Obtaining International Mortgage Financing […]
Set up a business in the Dominican Republic
The Dominican Republic is an ideal market for foreign investment for the following reasons: How do I set up a business? The first stage is to decide how the business is to be registered, and you have three options. Sole proprietor This would be appropriate for small businesses such as a consultancy, a beauty parlour, […]