Dreaming DR Dominican Republic Real Estate | You Deserve to Live the Caribbean Lifestyle
And we’re here to help YOU make it happen.
Imagine owning your own vacation home in the Dominican Republic. Visit whenever you want, use as an income property-or move here full-time.
Live right on the ocean in the most rewarding place in the Caribbean. Enjoy luxury that’s affordable. Safe, secure and sunny year round.
You’ll be surprised at how fast you can get here. Just a few hours flight from North American cities, and then only 20 minutes by car from Puerto Plata’s international airport.
So very impressed by the DR and being able to retire with perks, and Tax exemption… nearing retirement age and I am shopping around… I am going to definitely research more. Great Video, seems very straightforward and informative… Thanks so much….
It is normal, that foreign rental income is not taxed. However, most countries deduct withholding tax on the social security income and the important question is, whethter or not you get this withholding tax refunded. And there is the big problem with DR. Currently there is no double taxation treaty for ss-income at all! For dividends, there are treaties, but not as favourable as it should be, meaning, big parts of withholding taxes are lost as well. As a result, the lost withholding tax is extremely high taxation and only fot that reason, you should not choose DR as retiree domicil. Further buying real estate is another tax trap, because real estates are multiple taxed: - income - capital gain - inheritance - real estate tax All of them are rather high. If that is not enough, also the consumer tax is very high, especially for petrol and VAT. Even health care services are taxed on VAT.
What if you will not have the $1,500 a month from SS but only say $1,200? My wife is a Domincan by birth and we have an apartment that is paid for in Santiago. This will obviously lower our living expenses. I have been trying to figure out how to approach applying for a pensionado visa with less than the required $1,500 and the additional $250 for my spouse. Would she even need to qualify if she is already a Domincan by birth? Any ideas? Thanks, Nick
hey Nick, you guys do not need "pensionado visa" ...your wife is a Dominican citizen if she was born there, and for you if you guys are legally married then you get award Dominican citizenship for being married to a Dominican...
@@reyvaldez23 Thanks for your reply. Yeah that makes sense. I saw the same on a Dominican Attorneys YT channel. Are you living in the DR and is this how it worked for you? Thanks again, Nick
@@nickboork I’m still in the states but I’m planning to retire there in few years, I go there all the times, I’m already preparing to be ready when the day comes…I have duo citizenship, Dominican/ American. My wife is American but she’ll become Dominican once we move…
@@nickboork I’m still in the states but I’m planning to retire there in few years, I go there all the times, I’m already preparing to be ready when the day comes…I have duo citizenship, Dominican/ American. My wife is American but she’ll become Dominican once we move…
@@reyvaldez23 Is your first name Rey? Sounds like we have similar plans. My wife Yngris and I talk about retiring to the DR all the time. I have less than 5 years to go till I'm 62 and planning on taking SS asap! It seems like there is a steady increase in expats retiring to the DR. We will be living in Santiago when we do make our move. Good to connect let's keep in touch.
