Investing as a foreigner in the Dominican Republic
One of the most important aspects when investing is to diversify, that is, to look for profitability in different sectors, businesses and even countries. Today we want to talk to you about why to invest as a foreigner in the Dominican Republic, so let’s get started.
Why invest in the Dominican Republic?
Investment options in the Dominican Republic are varied and profitable. In this country you will find a stable, secure economy that encourages foreign investors. In addition, its internal and external connectivity makes it one of the most popular and ideal destinations for investment in the Caribbean.
The country has 12 seaports and 8 international airports that connect it with many countries. Commercially, it has treaties with the main economies of the world and attracts the largest number of tourists that the Caribbean receives year after year.
If you are a foreigner and you are under the Foreign Investment Law, you will have great benefits, among them, the adoption of definitive residence, exoneration or reduction in the payment of several taxes. All this makes it an ideal place to meet and invest capital safely.
What to invest money in the Dominican Republic?
There is no doubt that one of the first things you think of when you want to invest in the Dominican Republic is tourism, and you are right. The tourism sector in this country is one of the main pillars and tourism real estate investment is one of the most profitable throughout the country.
So if you want to know what to invest your money in Dominican Republic? The answer is in the tourism real estate sector is the safest investment. More than 5 million tourists visit the Dominican Republic every year to enjoy all its attractions.
Tourism investment in the nation is encouraged with different benefits such as income tax exemption, construction taxes, among others. Therefore, it is a business with a higher probability of profitability and with a higher decrease in expenses due to taxes.
How is foreign investment regulated?
When you want to invest as a foreigner in the Dominican Republic, you should know that everything is regulated by Law 16-95 on foreign investment. It describes each of the requirements, as well as the benefits of investing as a foreigner in this country.
Some of the requirements to invest in the Dominican Republic are to have all the documents in order, to have a capital to invest, to invest in the country as a foreigner, among others. All of these are requested in order to provide security for both parties in the investment process.
The benefits for foreigners investing in the Dominican Republic are many, as mentioned above. For this reason, investing in this country is one of the best decisions you can make, because not only will you have the possibility of being in one of the best destinations, but you will also have an assured profitability.