Residence for real estate investment in the Dominican Republic
There are different ways of obtaining residency in the Dominican Republic. One of them is the residence by investment, which is obtained by means of a investor visa.
You can make different types of investments, You do not have to be a stock market expert to access this type of market.
An upper-middle income person in the United States, with sufficient savings for buy a house in Dominican Republic for a value of $200,000, is enough for you to obtain residency in the Caribbean country in the short space of 45 days.
In this post we will show you the types of investments that you can make in order to be able to to obtain residency in the Dominican Republic.
Types of investments valid for obtaining residency in the Dominican Republic
Do you want to obtain residency in the Dominican Republic? There are different types of investments that can be made.
Real estate investment
The real estate investment is the easiest way to invest in the Dominican Republic to obtain residency. This can be more or less passive, since the mere fact of investing entitles you to apply for residency by investment, without necessarily having to rent the property.
The buying property in Dominican Republic is a more or less semi-passive business, since you can rent it and receive benefits month by month. There are even ways that you don't have to take care of the management, if for example you acquire a unit in a condominium managed by a hotel brand, which takes care of everything from marketing to maintenance.
Investment in local businesses
Another possibility is invest in a local business. It is to create a new company or to participate in an already created company. To do so, you must register with the Dominican Republic's Export and Investment Center.
This would allow you to apply to the residence for business investment, This also leaves the door open for you to make a purchase or acquisition of a home in the Dominican Republic in order to manage or run your new business.
3. Financial investments
Here you should take very serious advice, since not all financial investments allow you to apply for residency by investment in the Dominican Republic. Investing US$200,000 in Dominican government bonds can be valid, but there are other formulas that will not automatically give you the right to apply for residency by investment.
You should keep in mind that they must be investments made from within the country, and the investment must be registered with ProDominicana as a foreign investment. Transactions with cryptocurrencies are also not accepted as a registrable financial investment.
What are the advantages of obtaining residency for real estate investment in the Dominican Republic?
Obtaining residency by investment is much quicker and easier for those who have sufficient capital than by other methods.
This is carried out at the General Directorate of Migration of the Dominican Republic, and is usually granted in a very short period of time.
1. Buying a home in the Dominican Republic is more affordable than in the U.S.
Making a real estate investment for $200,000 is a relatively affordable amount for people with good salaries in the United States. Perhaps you are looking for a way to make the most of your savings, but you know that the effort to buy a property in the current circumstances in the U.S. market can be high.
For a much lower cost, you can have access to luxury homes in the middle of the Caribbean, in a country like the Dominican Republic where there is an enormous growth in tourism, and which is increasing in value year after year.
2. It is a scalable business and easy to delegate.
Unlike what would happen if you decide to create a business in the Dominican Republic and make that investment, buying a real estate property is much more scalable and easier to delegate.
You can buy properties managed by a hotel brand, and they take care of everything, so that even if you have the residence, you don't have to manage the reservations or carry all the paperwork involved in managing a property.
3. It is a stable and long-term investment.
When making an investment in the Dominican Republic, you must prioritize your interests, as is logical. Evaluate what is the most profitable for you at this time, according to your objectives, and not only in obtaining the visa.
$200,000 is a considerable amount, so you should seriously evaluate to which assets you are willing to dedicate such amount. It is not about creating a business, with employees and duly registered, or making financial investments in a different country, just for the purpose of obtaining residency, as this is something that should be valued for its own profitability or the interest you may have.
However, if you want a residency visa in the Dominican Republic, it is generally because you want to live there, and in this sense, buying a home is the easiest way to access. Once you have the residency, you can focus on other investments, create a business or continue investing in real estate.
From Vivantia Homes we want to pave the way for you, simply by showing you the real estate opportunities that you can access through us, and that would allow you to apply for investment residency. Do you want more details? Book a video call with us.