Investors & Retirees Visa
Individuals from any country may obtain a permanent residence in the Dominican Republic provided that they receive a monthly pension of at least UDS1,500 or rents (passive income) of at least USD2,000.
Dominican permanent residence status is granted to retirees and rentiers that complete the request process. This special incentives Law program for rentiers and retirees waives the ordinary requirement of having to first obtain a Dominican temporary residence. It also provides multiple and broad tax benefits including income tax exemptions derived from such rents or pensions, as well as for real estate transfer tax, capital gains tax, real estate property tax, import of personal goods, vehicle and household furnishings, according to certain specs.
After obtaining permanent residence status, the permanent resident may apply for Dominican citizenship and obtain a Dominican Passport. To become a Dominican citizen there is no need to waive your previous nationality.
The tax benefits indicated above also apply to Dominicans retired from foreign institutions or governments and to Dominicans perceiving said monthly rents, who have lived abroad for at least 10 years.
Our lawyers at Arthur & Castillo have successfully requested and completed Dominican residency definite status for our clients, including immigration consulting assistance, gathering of documents and visa processes.