For those considering relocating to the Caribbean, and particularly the Dominican Republic, the procedures are surprisingly simple, but it is still best to be prepared with certain useful facts. When planning to move, it is wise to find out about residency and visa procedures and important aspects of relocation, whether you intend to invest in Dominican realty immediately or to rent first and buy later. We can help with basic information and point you to those who can advise in more depth on some of the finer points when you have made your decision to relocate.
It's got great weather.
Well organized business community.
Geographically located near major trade markets in the center of the Americas.
Abundant non-skilled work force of earnest and fast-learning young people.
Abundant, qualified managerial staff available.
It has a large domestic market.
It has the largest tourism industry in the Caribbean which is a large export market within the country.
Excellent telecommunications service.
Diversity of investment opportunities.
Preferential trade agreements signed with Europe, the United States, the Caribbean and Central America.
Positive attitude towards foreigners and foreign investors.
Fastest growing economy in Latin America for the past five years.
Low crime rate.
DR is a true melting pot with little racial tensions.
Yes, you will be able to find American styled supermarkets in the DR. Also, you will also be able to find American foods as well as a large selection of international foods.
Letter of recommendation from your own bank.
Personal recommendation from a person known to the bank.
You may then open a bank account in dollars or pesos or both.
Transfer of funds into and out of your dollar account may be by wire transfer, check or cash. You should be aware that the banking system here takes up to 30 days to clear checks, including cashiers checks or bank drafts.