There are many reasons to reside and invest in the Dominican Republic, as confirmed by thousands of expatriates through the investments they make in the country and who have also made this country their home. The best advice is to ask according to your preferences and situation, but you can be sure that it will definitely be one of your best experiences.
However, just so that you know a little about the characteristics of this beautiful country, we have compiled some of the best reasons why it may be a good decision to reside and invest in the Dominican Republic.
One of the most important reasons is the low cost of products and services, as well as the purchase or rental of a home.
Starting with the properties, products, services, and food, you can live comfortably in the Dominican Republic with a monthly family budget of $1,200; and you can reach US$2,000, you can pay for entertainment and a good life with access to all kinds of services. Compared to other countries, buying an apartment or renting an apartment in the Dominican Republic is quite affordable.
Quality of Life in the Dominican Republic is an undeniable characteristic of this country. Its tourist attractions offer a quality of life difficult to find in other countries. Beautiful white sand beaches, palm trees, warm turquoise waters, which you will find throughout the country.
The Dominican Republic is considered an island endowed with a wonderful climate characterized by heat and sunset.
But fundamental and more important is the human quality of the country’s population. We are known for being warm, respectful, kind and honest people and we treat strangers with great kindness. Here you will always find exceptional service and someone willing to help you with anything you need.
The modern airports that help to reach the Dominican Republic from the east coast of the United States in just two hours are just one example of the new connectivity that this country enjoys. Just as the new road has reduced the travel time from the capital by more than half.
The Dominican Republic has seen steady growth in its infrastructure, which has significantly benefited the growth of its economy and the investments made in the country.
The Santo Domingo Metro, which connects Greater Santo Domingo with all the cities affiliated with the center, is the most extensive urban rail system in Central America and the Caribbean that transports thousands of people who travel through the capital every day. more reliable than that.
Located in the heart of the Americas, with outstanding economic infrastructure and generous tax incentives, the Dominican Republic is one of the best places in the Caribbean to do business. If you are looking to establish your own business in a fiscal and advantageous location, you should take advantage of the opportunities that are presented in the Dominican Republic, especially if your business is in one of the following: telecommunications, infrastructure, renewable energy, agribusiness, call center, development of software, manufacturing or tourism.
Thanks to Law 8-90, you can benefit from a 15-year exemption from all income taxes, corporate taxes, VAT, municipal taxes, export and import duties and taxes on chemical capital. It is not necessary to be a large business or business owner to take advantage of tax incentives in the Dominican Republic.
If you start a tourism business in the Dominican Republic, a boutique hotel, a travel business or a dive shop, you will benefit under Law 158-01 from tax exemptions for the next 10 years for rental tax, VAT, transfer real estate, property tax, import tax, etc. All this living in one of the warmest, safest and most welcoming paradises in the world.