Retirement Information:
Relocating or retiring to the Caribbean: Living in the Dominican Republic

 
The Dominican Republic has been called the best kept real estate and investment secret in the entire Caribbean for American Tourists.  The fact of the matter is, Amercians make up less than 15% of tourism statistics, but European travelers have already known for many years what a great travel and real estate bargain the Dominican Republic offers. The recent July 1999 Center of Stragic and International Studies report says that the Dominican Republic is now one of the fastest growing economies in the Western Hemisphere.  Any one contemplating relocation to the Caribbean, retirement or vacation property, general real estate investments or tax free banking opportunities - needs to place the Dominican Republic at the top of the list.
 
 
Dominican Republic Real Estate
Property and Home Bargains
Information About Title Transfer & Property Taxes
Articles about Living in the Dominican Republic
 
Finding Apartment or Property Bargains    ~    The Best Neighborhoods to Look
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Questions and Answers About:  Title Insurance, Title Transfer, Annual Property Taxes
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Living in The Dominican Republic:  What is it Really Like?
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Moving or Retiring to the Dominican Republic:  Why this is your # 1 Choice !
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Dominican Republic Real Estate: 
Apartments & Condominiums    ~  Homes and Land    
 
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Retiring or Moving to The Dominican Republic
 
Why is the Dominican Republic one of the best places for retirement or relocation?  The short answer is: living better on less.  How much better? Let us consider the strictly financial aspect of things to offer a better idea. 

We have spoken about the possibilities of owning a new home in Santo Domingo for less than US $ 70,000, but that is not the real reason for considering the Dominican Republic.  Unknown to most people, is the fact that interest rates on time deposits (both in US Dollars and Dominican Pesos) tend to be higher.  In addition, bank account interest and US Dollar based investments are exempt from local income tax.  Considering that up to 10% tax-free interest can be achieved with a US dollar deposit, or up to 18% with a Dominican Peso investment, it does not take long to realize that by simply changing countries - one can greatly improve your investment income. 

The other side of the equation is of course monthly living expenses.  The largest part of your monthly budget will be housing costs, and certainly it is possible to rent a 3 Bedroom apartment in a residential neighborhood for about US $ 300 per month.  One can also rent a luxury apartment, complete with 24 hour security and other amenities for about US $ 700 per month.  It all comes down to what you want, or what you are comfortable with.  But finding a comfortable place to live, for about US $ 300 monthly, is very possible. 

In addition, one can easily hire live-in domestic help for about US $ 250 per month.  That is to say, a maid to do the cooking, cleaning and other chores for a price I guarantee you cannot match in the US or Canada.  Where in the world can you rent a decent apartment or home, have full time domestic staff, and cover your other monthly untility expenses for less than US $1,000 per month.  Not many places. 

With very modern and comfortable supermarkets close by, cable television in English, modern golf and other facilities, living better on less is not just a dream - in the Dominican Republic, it is a reality! 

For additional information about relocating or residency information, 
please contact: 

Ascot Advisory Services
Santo Domingo, Dominican Republic
Telephone 809-334-5387
E-Mail:     info@ascotadvisory.com