| |
|
Applicants for resident status must be in good health, have sufficient means and a clean police record. The application may be filed while the applicant is present in the country under a tourist card or visa. A foreign national who has lived in the Dominican Republic as a permanent resident for two years or in certain cases, six months, may apply for Dominican citizenship (naturalization). Naturalization is not automatic but granted at the discretion of the government. There is no economic citizenship program in the Dominican Republic providing for automatic citizenship upon the investment of certain amount of funds in the country. Depending on which lawyer you use, fees for your provisional residency are approx. $US 1,500 per person. The process to get your provisional residency can take up to 3 months. The main advantages of having your residency are: 1) A legal resident can work and conduct a business in the Dominican Republic 2) A resident is allowed to bring in tax free his household items, ranging from kitchen appliances, to furniture (Article 13 of Law #146-00). A nonresident must pay applicable duties on these goods 3) A non-resident cannot sue a Dominican national or a legal resident in court without posting a bond, usually quite high. A legal resident is exempt from this requirement. 4) In case of inheritance, a nonresident beneficiary must pay a 50% surcharge on applicable estate taxes; residents are not subject to this surcharge. 5) For many foreigners interested in not paying taxes in their home countries on income earned outside their home country, it is a prerequisite to obtain residency status in another country. 6) A resident can enter the Dominican Republic
without having to buy a tourist card; a nonresident must obtain
a visa or buy a tourist card.
|
