Dominican Republic Retirement Program
I do not recommend you do it on your own. It is not a complicated process, I can tell you that a complicated thing is sending a rocket to the moon. I assure you this is not rocket science, but you still have to write some legal documents, like the claim of your nationality, you would at least need someone to draft this for you in legal Spanish.
A lawyer can also help you prepare for the nationality test. It's simple, still if you have no idea about basic Dominican history you will not pass.
I remember waiting with my client for the interview a Chinese gentleman who married a Dominican lady coming out of the interview yelling at his lawyer聽 that he wants his citizenship, They lawyer said聽 if you don't know who Juan Pablo Duarte is, and why we celebrate the 27th of February,they can't approve it.聽 His citizenship was not rejected though they simply told him to come back in two weeks knowing the answer to a few questions and his citizenship will be approved.聽 聽
Getting the right help will save you a lot of time.
immigrationexpertsdr wrote:At the moment I'm working at a Law Firm in NY, working on Dominican and American residency, but I'm back to run the DR office around august, We'll get in touch when I;m in DR, planner.
I mean I'm married, we'll discuss other things
I expect to be in DR late June/early July so if you are willing to help me, that would be great.聽 You can private message me your rate and any other pertinent information needed.聽 I can also provide you with my husbands cell at that time so you can reach us.
Planner- I will also message you my husbands cell so we can meet when I arrive to go over insurance for our family.
immigrationexpertsdr wrote:I have a practice in DR, but at the moment my partner is running it, I'm in New York legalizing Dominicans and helping Americans move to DR. i will be back in DR soon though, wife does not like the weather here.
I do not recommend you do it on your own. It is not a complicated process, I can tell you that a complicated thing is sending a rocket to the moon. I assure you this is not rocket science, but you still have to write some legal documents, like the claim of your nationality, you would at least need someone to draft this for you in legal Spanish.
A lawyer can also help you prepare for the nationality test. It's simple, still if you have no idea about basic Dominican history you will not pass.
I remember waiting with my client for the interview a Chinese gentleman who married a Dominican lady coming out of the interview yelling at his lawyer聽 that he wants his citizenship, They lawyer said聽 if you don't know who Juan Pablo Duarte is, and why we celebrate the 27th of February,they can't approve it.聽 His citizenship was not rejected though they simply told him to come back in two weeks knowing the answer to a few questions and his citizenship will be approved.聽 聽
Getting the right help will save you a lot of time.
Ok, great.聽 When you arrive, please contact us and we would love your help.
I see u were told isaacb20747 thst you have to be actually documented retired. Which is the case here.
Bob K
You still need all the documents, but I believe you don't need the sponsor letter, just proof of monthly income or investments.
Sounds like the only thing that is different for a retiree is that you don't need the sponsor letter.. getting this from Planner. more is confusing but I'll just stop here
Hope this helps
Bob K
Bob K
Also, if I follow, seems like the only alternative to a residencia is a tourist card - which is only for 30 days. Is this correct?
The gov't has been lax in enforcing the law but that is changing. IF you plan to live here then plan to get your residencia!聽 Simple. In comparison to most countries it is damn cheap to get here.聽 You can do the whole thing for under US 2,000!!!!聽
Now what you choose to do is up to you. Yes you can open a bank account, rent a condo, buy a house, open a business, pay your bills etc without residencia.聽 You cannot legally work here without residencia.
IF you are going to do the residencia route then you NEED TO START THERE not here. You need to get specific pieces of paper and documentation and get it officially stamped etc.聽 I will start a thread this week detailing the process!聽 Sorry for delay but fighting my health again!
You do not need a residency to get anyone of the services you mentioned.
Bob K
BUT if you are only coming for a month or so at a time I would not spend the money on the residency. If I was planning on staying 6 months at a time...then yes.
Bob K
And you dont actually need the redencia for the services I mentioned, but STILL should technically have a redencia,聽 if you plan on staying in dr longer than 30 days.
and once you have a redencia, then you can stay over 30 days or under, your choice, with NO VIOLATION of any rule.
Do i Got It Correct?
Bob K
in this case I'd rather just get the redencia instead of the 30 day stay card because based on my ideas, my stay could be longer than 30 days, depends on how im feeling at the time. With redencia I'm not limited to a 30 days stay and I'm not in violation if I stay over. for some person to possibly try to get over and say i owe X amount of dollars or some bs.
With the card seems id be all correct. The fee is not too bad especially since I have time to do all this, like I'm not planning on relocating ma帽ana
"Prove solvency?" To the tune of guaranteed income from US or a certain amount of money in Dominican or US bank? Or....?
A well known saying around here is: "In order to leave the DR with a million dollars in your pocket you need to have arrived with two million"
Bob K
Bob K
Bob K
Bob K
01234turj wrote:A rentier is a is a person聽 that receives income derived from stable economic rents from abroad ...聽 ... In order to prove that these rents are stable, you must prove you have been receiving it for the past five years.
Hi Ramon,
Maybe I don't understand Art.5 Par. II from Law 171-07.
Doesn't matter how many times I read it, it seems to me that one have to demonstrate the "income from abroad" for 5 year to come, not for the past 5 five years. I don't say you are wrong, but what am I missing ?
Say I'm working now here in Canada and have a awful amount of money... then next year I want to move to the Dominican Republic and establish there. So I have to stay here for 5 years eating out from my stash of money and only after those 5 years I will be accepted as a passive investor ?
"Paragraph II.- In the case of passive investors, they shall demonstrate that they have (doesn't say had) permanent and steady income from abroad, for a period of time no less than five (5) years"
Being my first post here let me say Hello to everyone聽
Thanks,
Alex
A new pension qualifies,聽 a rental contract even year to year but renewable qualifies etc Investment income shown off an investment account will also qualify and of course if you have them all,聽 even better.
I don't have any of that kind of income, but... Now the income for a rentier is set as US$2000 per month plus an additional US$250 for each dependent. For my wife and myself that will turn to US$2250/month.
Showing a bank statement of my account with that amount multiplied by 60 months, will just do ? Or not ? The more I read around the more I'm getting entangled in all of this.
You may want to try a regular sponsored residencia.聽 Many lawyers provide the "sponsorship" letter for a fee or as part of their package.
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