Best country where you can acquire your second citizenship, their exotic beaches and free medical services…

by VAIVAIMAGAZINE • 11 Aug 2016

Does your current nationality mean you have to apply for visas more frequently?

The immigrants, who are in search of a better standard of living and lower fees, they can buy now "lives" in other countries. For amounts starting at 100,000 dollars, anyone (with a clean record) can acquire the second citizenship somewhere in the Caribbean.

Dominica is an option to consider, all of the Caribbean (not to be confused with the Dominican Republic). The citizenship program via an investment scheme began in 1993. One applicant must have a deposit of $ 100,000 from the National Bank of Dominica and the amount is doubled if it's a family of four. They also must show the "impeccable character", wait at least eight weeks for approval and learn English at a minimal level. Over 2,000 families have resorted to this method to obtain citizenship that comes with accession without a visa in 85 countries. The island has a population of 73.000 inhabitants.

5 Great Reasons To Live, Retire, Or Invest In The Dominican Republic

According to Kathleen Peddicord: Publisher, Live and Invest Overseas

1. Prices Represent The Best Value In The Caribbean

From real estate to the general cost of living, it can be hard to believe you’re in the Caribbean. You could live comfortably on a budget of $1,200. With a budget of $2,000, you could afford more entertainment and extra household help, for example, and really enjoy the good life.

Invest in a place of your own, and your monthly living costs would be much, much less. This is a realistic and appealing option, as property prices in this country are a bargain, certainly relative to elsewhere in the Caribbean. You could buy an apartment for as little as $100,000 or less.

2. The Established Expat Community Means Amenities And Services You Won’t Find Elsewhere In The Caribbean

White-sand beaches, swaying palm trees, warm turquoise water, year-round sunshine — you’ll find them in abundance here in the Dominica ... and, of course, pretty much everywhere else in the Caribbean, as well.

In the most appealing spots in this area, you won’t have to worry about being the first expat in town. In Las Terrenas, for example, on the Samana Peninsula, you’ll be welcomed by locals and expats alike. And you’ll enjoy a wide range of international products (from patisserie-baked pain au chocolate to German salami to Swiss cheese) thanks to a diverse and multicultural local community. In fact, if you love the thought of European life but would rather be within a two-hour hop of the U.S. East Coast (and enjoying better weather than in most of Europe), then this could be the paradise you’ve been looking for.

3. Developments In Infrastructure Make For Easy Living

Recently upgraded airports mean you can get to the Dominican Republic from the U.S. East Coast in two hours. On the island, new highways have cut journey times out of the capital by half and more. No more getting lost down dirt tracks or driving a painful six hours when you want to reach the opposite side of the island.

Best of all, this easier accessibility by both road and air has helped reduce day-to-day living costs. On parts of the island, food and grocery items have, over the last couple of years, fallen by as much as 30 percent.

4. Easy Retiree Residency

The government of the Dominica is welcoming of foreign retirees. If you can show proof of a monthly pension of $1,500 (plus $250 for each person you’ll be bringing with you), you can qualify for provisional residency in just 45 days. And, as with other retiree residency programs in other countries, qualifying comes with perks, benefits, and tax breaks.

5. Not Ready To Retire? The Red Carpet Awaits Investors And Entrepreneurs, Too...

With its central location in the Americas, a fast-developing infrastructure, and a generous package of tax incentives, the Dominican Republic is one of the best places in the Caribbean region to do business. The government welcomes foreign investors to its industrial free-zones. If you have a business to transplant or are looking to set up your own business in a tax-friendly, benefit-laden location, you owe it to yourself to investigate the opportunities here — especially if your work falls under any of the following categories: telecommunications, infrastructure, renewable energy, agribusiness, call centers, software development, manufacturing, or tourism.

Start up a business in a free trade zone and, thanks to Law 8-90, you’ll qualify for a 15-year exemption on all income taxes, corporate taxes, VAT, municipal taxes, export tax and duties, and incorporation and capitalization taxes.

You don’t have to be in big business to take advantage of theDominican Republic’s tax incentives. The government is committed to tourism growth. It recognizes the potential in its coastlines, its jungles, and its historic capital city. Its big agenda is “sustainable tourism,” and it’s rolling out the red carpet to those willing to help boost its tourism efforts and accommodate visitors in town. Start a tourism business here — a boutique hotel, a tour business, or dive shop may qualify — and, under Law 158-01, you’ll receive tax breaks for the next 10 years on income taxes, VAT, real estate transfers, property tax, import duties, and more.

All while living in one of the world’s warmest, safest, and friendliest havens.

Are You Curious to Find Out How Much It Really Costs to or You want to Receive Personalized Information, According to Your Current Nationality?

We have asked CS Global Partners, an award-winning industry-leading legal consultancy firm specializing in citizenship and residence solutions, to offer their knowledge at your service; you can contact them for additional info.

Dominica – One of the Best Choices for Economic Citizenship

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