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Retire to the Paradise !!
Dominican Republic
If you are currently making retirement plans, now is a time to learn more about what the Dominican Republic has to offer you.
Due to the constant temperature, which averages between 70°-85° F all year long, many of those aches and pains will disappear almost immediately. Due to the extremely affordable workforce, if you do require more assistance around the home, you can hire a live-in maid/cook/personal assistant for $400-$500 USD/month… try finding that in the US!! If you do not need full-time assistance, most personal assistants will work anywhere from 4-10 hours/day, whatever fits your needs.
In the DR, you hold a free and clear title which you can will to your family. The Dominican Republic is now home to Stewart Title. Stewart Title provides a full range of escrow services, title search services, closing services, and title insurance issuance. Once you purchase your new home, its your forever! |
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Retires Benefit in the DR
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DR Becomes Retiree Paradise
With the approval and publication of Law 171-07 on Foreign Retirees, the Dominican Republic has become a paradise for people planning to retire to an idyllic setting. Fast-tracked residency paperwork (45 days), duty-free household goods, reductions on motor vehicle taxes, exemption on transfer taxes for the first purchase of real estate, 50% reduction on taxes on mortgages, 50% reduction on the annual property tax, exemption on taxes on dividends and interest, 50% reduction on capital gains are just some of the attractions. Developers are very happy with the new law. Just ask Jose Luis Asilis, the president of the Metro Group, who pointed out the need to publicize the news overseas. Asilis told a meeting organized by Listin Diario that Americans and Europeans can "live like kings on a fraction of what they receive in pensions." The minimum monthly income required is US$1,500 US for retirees with a government or private pension and US$2,000 in verified income from all others.
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