What is an investor visa in the Dominican Republic?

One of the advantages of the Dominican Republic for investors is that they can obtain residency by investment, if a series of requirements are met.

Obtain the residence visa in Dominican Republic can be a good idea if you wish to reside in the country for a long term, or to continue to carry out new investments and real estate business on the island.

This strategic measure is undoubtedly of great interest when it comes to attracting potential customers. real estate investors to the island.

In this post we will show you what is an investor visa in the Dominican Republic? and what you must do to achieve it.

What is the investor visa in the Dominican Republic?

Residence visa in the Dominican Republic for the following reasons real estate investment is a type of residency granted to foreigners who invest in real estate in the country.

This visa is specially designed to attract international investors interested in settling or spending long periods of time in the Dominican Republic while contributing to the economic development of the country.

The residence visa in Dominican Republic enables you to:

Legal residence in the country

Access to an identity card

Entering and leaving the country with relative ease

Possibility to bring family members

In addition, it can be a stepping stone to accelerate the path towards naturalization in Dominican Republicor obtaining Dominican citizenship.

Requirements to obtain a residence visa for investment in the Dominican Republic

The requirements to obtain the residence visa for investment in the Dominican Republic You can find them on the website of the General Department of Migration.

All that is requested is:

You must have a passport from your country, valid for at least 6 months.

Letter of Incorporation to the Foreign Investment Program

Original Birth Certificate, unsealed.

4 passport size photographs.

Certificate of no criminal record in your country of origin or where you have resided in the last 5 years.

Marriage certificate, proof of cohabitation or declaration of bachelorhood, apostilled or legalized.

Guarantee policy with Seguros Reservas, which ensures that you will not be dependent on public funds.

Medical examination in an institution authorized by the General Department of Migration.

In addition, you must have the financial resources to reside in the country and to carry out a real estate investment of at least $200,000 USD in real estate, in addition to 2 years residing in the country.

Someone who does not make such an investment, or who does not fall within the categories of retiree/pensioner or annuitantIn order to obtain permanent residency, you would have to follow the normal procedure to obtain permanent residency, which is to apply for a temporary Dominican residency and renew it every year until 45 days before the 5 years of residency are completed, after which you would be able to obtain permanent residency.

Other types of visas in Dominican Republic

To travel to the Dominican Republic, there are different visas and it is important to know the difference in order to know what your legal situation is and how you should act to be able to make real estate investments in the country.

These are the types of visas in Dominican Republic:

Tourist visa: It can be a single or multiple visa. The single visa allows you to enter the Dominican Republic only once, while the multiple visa allows you to stay up to 60 days and enter more than once during the year.

Business visa: is intended for those traveling to the country for the purpose of conducting business activities, such as meetings or negotiations, with no intention of formal employment in the country.

Business visa for employment purposes: These visas are granted to persons who have an employment contract with a private or public company in the country. There are also special cases for this type of visa, such as the free zone visa or the multinational or transnational company visa.

Student visa: tYou must be able to prove that you are enrolled in a training institution in the Dominican Republic, as well as meet other requirements.

Generally, investors are not in either of these cases, but must apply for an temporary investor visa. This gives them permission to enter the country in order to make their investment.

Generally, it is only necessary for them to stay for one year, and once they can prove the investment made, they will be able to qualify for the permanent residence as an investor.

Other ways to obtain residency in Dominican Republic

In addition, even if you are not an investor, you should be aware that there are other ways to apply for a residence visa in Dominican Republicfor example:

To be a rentier: if you have personal documentation proving that you live on your income (rental contracts, stock market investments, etc.), you may also qualify for residency through this route.

Being retired: if you are retired and receive an income from the State in your country of origin, you are also eligible for residency in the Dominican Republic if you meet certain requirements.

Family reunification: if you have a close family relationship, you can also obtain residency by family reunification.

From Vivantia Homes we invite you to take the most convenient and easy way for you if you want to to obtain residency in the Dominican Republic.

However, you should know that obtaining a temporary residence is relatively simple and allows you to make your first real estate investment on the island, and later opt for permanent residency and naturalization if you wish in a quick and easy way.

Would you like to know our real estate projects and investment opportunities in Dominican Republic? Write to us now!