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☛ EN Advice Retirement in Dominican Republic

Discussion in 'Dominican Republic' started by EasyExpat, Sep 26, 2018.

  1. EasyExpat

    EasyExpat Administrator
    Staff Member

    Joined:
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    City:
    Paris
    Living In:
    France
    Nationality:
    British (GB)
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    English, Français
    Hello everyone,

    Retiring outside your home country in good conditions is not a privilege for the better off.

    If you stopped working and chose to retire in Dominican Republic, what advice would you give to future expats who would be tempted to do the same?

    Have you chosen to fully (or mainly) enjoy your retirement in Dominican Republic, or on the contrary go there only part of the year?

    Have you decided to settle in Dominican Republic for tax reasons or to enjoy advantageous living conditions, the climate, or for family reasons?

    What are the specific formalities to retire in Dominican Republic? Is the health system satisfactory or do you have specific medical coverage?

    Thank you in advance for sharing your experience and advice. :cool::thumbup:
     
  2. John Mac

    John Mac New Member

    Joined:
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    Gender:
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    City:
    Sosua
    Living In:
    Dominican Republic
    Nationality:
    Canadian (CA)
    Languages:
    English
    I'm not yet ready to retire just yet, but when it's time I'm going to strongly consider the Dominican Republic. Aside from the relaxed island lifestyle, which I love here, one of the big advantages is how easy it is to get your residency (while keeping citizenship, at least if you're Canadian or American).

    It's really hard to find up-to-date info on all this. I found it really frustrating trying to piece it all together from the fragments scattered across the web. The only really comprehensive info I found was this online guide about residency, taxes and 2nd passports in Dominican Republic. Seems up to date too. I'd love to know if anyone else has found a good resource about this stuff.

    Whether you're a retiree or not, having your full residency status brings lots of tax advantages and other perks.

    Essentially, if you're considered an "investor", you can fast track to your full residency, which then shortens the time to get your citizenship—and your 2nd passport. So big plus there. As long as you can show you've got a regular income from some financial source (e.g. investments, pension) or have invested in property, you're considered an investor.
     
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