Can I reside in the Dominican Republic as an investor or retiree?

Yes, as an investor or retiree, you can reside in the Dominican Republic by obtaining a visa suited to your situation. Here are the main options available:

1. Investor Visa
This visa is designed for foreign nationals who make a significant investment in the Dominican Republic. Requirements include:

• Minimum investment amount: At least USD 200,000 in real estate, local businesses, or other approved sectors.
• Application process: You must first obtain a residence visa from the Dominican consulate in your home country. Upon arrival, you need to finalize your residency status with the General Directorate of Migration to receive permanent residence.

2. Retiree Visa (Pensionado)
This visa is intended for individuals receiving a retirement pension who wish to settle in the Dominican Republic. The requirements are:

• Minimum income: A monthly pension of at least USD 1,500. If you have dependents, an additional USD 250 per person is required.
• Required documentation: A medical certificate, a clean criminal record certificate, proof of income, and other documents required by Dominican authorities.
• Benefits: Tax exemptions on pension income, tax-free transfer of personal belongings, and other fiscal advantages.

3. Rentista Visa (Passive Income Visa)
This visa is for individuals with passive income from investments, rental properties, or other sources. Requirements include:

• Minimum income: At least USD 2,000 per month from rental properties, financial investments, or other qualifying assets.
• Application process: Similar to other visas, it requires an initial application at the Dominican consulate, followed by residency formalization in the country.

General Procedure for Obtaining Residency:

1. Visa application: Submit a request at the Dominican consulate in your home country, along with required documents (valid passport, medical certificates, proof of income, etc.).
2. Entry into the Dominican Republic: Once your visa is issued, you must enter the country within 60 days of its approval.
3. Residency finalization: After arrival, register with the General Directorate of Migration to complete your residency process.

In summary, the Dominican Republic offers attractive residency options for both investors and retirees, with clear procedures and notable tax benefits.