Subscribe to the Flag Theory Newsletter to receive internationalization, business-driven structuring intelligence directly to your inbox
passports.io website
residencies.io website
Bank Accounts website
Flag Theory website

Dominican Republic

Residency by Investment

The Residency by Investment program of the Dominican Republic is a legal privilege under the General Immigration Act and its regulations, and the Foreign Investment Act. It exempts a foreign national from the procedure of obtaining temporary residence.

The program may allow you to obtain an instant permanent residence permit by investing in movable or immovable property or bringing your regular passive income or pension to the country.

Permanent Residency must be renewed 1 year after its issuance. The other renewals must be made every 4 years.

Through the program, after 2 years of permanent residency you may be eligible for naturalization, provided that investment/income requirements are still met.

To become a citizen, you will have to be fluent in Spanish, as you are going to attend an interview with an official, where you will state the reasons why you want to be a Dominican citizen, while your knowledge about the country's values, traditions and culture, and your Spanish skills will also be tested.

Although there is no official physical residence requirement, it is recommended to spend significant periods of time in the country prior to naturalization, and to prove some ties to the country.

investment


Investor visa

You may obtain your permanent residence by investing US$200,000 in the country. The investment must be made according to the Foreign Investment Act No 16-95. It may take the form of contributing to the capital of a Dominican entity, a fixed term deposit, stocks or securities or even acquiring a real estate property. The amount includes direct dependents.

The investment must have been registered with the Export and Investment Center of the Dominican Republic (CEI RD), or in the process of being registered.

The minimum investment may be lower for capital contributions to companies established in the Free Trade Zone, as well as for designated Government projects.

Requirements


- Do not suffer from a contagious disease or a mental illness that alters your behavior.
- Clean Criminal record.
- Letter signed before a notary by a Dominican or permanent resident alien in the Dominican Republic that guarantees that you will at no time be a burden on the Dominican State. In addition to the expenses of repatriation and others, if necessary evidence of an insurance policy might be required. This guarantee must include the dependents being included in the application.
- Certificate of Investor issued by CEI-RD (Export and Investment Center of the Dominican Republic).
- If you are a shareholder of the company, original and copy of the Act of the administrative board of the company.
- Bank letter stating that you have a bank account at a Dominican bank.

Restricted Nationalities


No nationality is officially restricted

dual citizenship


Dual citizenship is recognized in Dominican Republic. You are not required to renounce your previous nationality to become a citizen of Dominican Republic.


Documents Required


  • Certified copy of passport
  • Original or Certified copy of Birth Certificate (if applicable)
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original Police Clearance Certificate
  • Evidence of Health Insurance
  • Medical Certificate
  • Nine passport-size photos
  • Affidavit of support for Dependents
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required Yes
  • Language skills required No
  • Interview required No
  • Investment Single $200,000
  • Investment Family 4 $200,000
  • Minimum annual income -
  • Time to citizenship 24
  • Time to permanent residency 3
  • Visa-free countries 56
  • Financing available No

Country details

Dominican Republic
DOP
1809
Santo Domingo
North America
Spanish (Dominican Republic)
9,823,821
The Dominican Republic is located in the central zone of the Antilles of the Caribbean, in the eastern two-thirds of the island of Hispaniola.

It borders the Atlantic Ocean to the north, the Mona Channel to the east, which separates it from Puerto Rico, the Caribbean to the south. It shares a land border to the west with Haiti, which is the other country located on Hispaniola.

With 48,670 sq. km and a population of more than 10,785,000 inhabitants, it is the second largest and populated country of the region, after Cuba. Its capital is Santo Domingo and its official and most spoken language is Spanish. The currency of legal tender is the Dominican Peso (DOP), although the US dollar is involved in almost all commercial transactions, and together with the Euro, is widely accepted in most tourism avenues.

Visa Free Travel

With your new passport from Dominican Republic you'll be able to access 56 countries visa free
>

Taxes

To be a tax resident in the Dominican Republic, you must reside for more than 182 days in a year in the country, continuously or not.

Income tax is levied on a territorial basis. This means that only local-source income is subject to taxation, whereas foreign-source income is usually exempt, except certain foreign-source investment income and financial gains, which may be subject to taxation.

However, new residents are fully exempt on taxes on foreign-source investment income and gains for their first three years of residency.

Personal income tax is levied at progressive rates up to 25% on annual income exceeding DOP833,171. Capital gains are treated as ordinary income, and shares and cash dividends are exempt, provided that a final withholding tax of 10% was applied on source.

Interests from Dominican banks and financial institutions are also exempt from taxation. Rental Income is treated as ordinary income.

The real property tax rate is 1% and it applies on the exceeding value of residential properties over DOP7.019 million. Transfer of real property is subject to a 3% tax on the transfer value.
Inheritance tax is levied at 3%, whereas gifts are taxed at a 25% rate.

V.A.T. is levied at rates between 13% and 18%, although certain goods and services are exempt.

Regarding corporate taxation, resident entities are subject to income tax on their income derived from Dominican sources. Foreign-source income is usually tax-exempt. The corporate income tax rate is 27%.

Dividends received are tax exempt provided that they were taxed on source. Capital gains are included in taxable income and taxed at standard rates. However, those from the disposal of shares may not be subject to taxation.

To learn more about Dominican Republic corporate legal framework, taxation and tax treaties, check out
incorporations.io/dominican-republic.

This should not be construed as tax advice. Flag Theory | Passports.IO has access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax No
  • Inheritance tax Yes
  • Net worth tax No
  • CFC law No
  • Tax residency days 183
  • Personal income tax rate 25%
  • Capital Gains tax rate 27%
  • Investment income tax rate 10%
  • Territorial taxation Yes

Consultation with

Flag Theory is an internationalization and offshore solutions provider, and the creator of residencies.io

In order to better serve you, we ask that you please fill out the following form as accurately as you can and provide as many details as possible. Thank you.
Residency by Employment (Work Permits)
Residency by Entrepreneurship (Starting or Relocating your Business)
Residency by Investment in Real Estate or Securities
Residency by having sufficient means (Passive Income)

Your privacy is important for us and we will keep your information secure. View our privacy policy

Newsletter

Flag Theory is an internationalization and offshore solutions provider, and the creator of residencies.io. We offer expert consultation advice and assistance.

Your privacy is important for us and we will keep your information secure. View our privacy policy

View past newsletters