The Ultimate Guide to . . . . . .
The Dominican Republic
Travel and Tourism in the Dominican Republic.....Santo Domingo Hotel & Yellow Pages City Guide....Articles and Information about Residency....Real Estate...Retirement...Banking....Investments....Travel Visa Requirements....Government.....Business Services
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Tax Free Offshore Banking in the Dominican Republic.......
Most of our clients are very pleasantly surprized to find out that tax-free US dollar offshore accounts are available in the Dominican Republic.
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Interest rates are very attractive, plus clients can manage their account through an English speaking account officer or debit card facility..... 
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When the topic of banking or investing "offshore" comes up, the Dominican Republic is most likely going to be the very last place that you think of.  However, as many investors are starting to discover, high interest bearing US dollar accounts and US dollar based investments are both available and are tax-free.  In addition, managing such an offshore account is in fact quite easy to do, no matter where you may be living at the moment.
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The first question that many people have is, "Are banks safe in the Dominican Republic"?  The only way to answer this would be to explain the fact that the banking industry is highly regulated by the local government.  Banking licenses are very difficult to obtain and applicants must submit to a lengthly review process by the central bank.   This is in contrast to what can often be called very lax regulations in some English speaking jurisdictions.  Ironically, many English speaking investors have a fear about banking in a country that uses another language, but the reality is that they may not find it to be "better in the Bahamas".