Expats' Corner November 21, 2023 - 5:24 pm

The cost of Dominican Republic residency processes to increase soon

The Dominican Immigration Department recently announced that fees are scheduled to increase across the board. The increase includes fees for residency processes, which will impact the overall cost of obtaining Dominican residency and renewals.

This is the first increase in fees since 2019—almost five years. So, it’s not too much of a surprise as it’s standard for the government to adjust prices to align with the rise of the overall costs of living and doing business due to inflation.

If you’re serious about getting residency status in the Dominican Republic and have been waiting to start the process, I’d encourage you to get started now before prices increase.

The residency category to pursue depends on your current residency status, personal circumstances, and goals.

Provisional Residency (Temporary Residency)

Provisional or temporary residency is the first step for those seeking permanent residency. The applicant will be required to provide various documents, including a birth certificate, proof of income or solvency, and criminal background from your home country. Provisional residency is usually granted for one year, and it is renewable annually.

Permanent Residency

After holding temporary residency for five years, individuals can apply for permanent residency. Permanent residents must renew their residency every four years.

Residency for Retirees

Retirees or pensioners who can prove they receive a minimum of $1,500 a month ($1,750 per couple) in pension or retirement income qualify for residency. Holders of his type of residency must renew after the first year and then every two years after that.

Domestic Investor (Investment Residency)

The investment residency category is for individuals who invest a minimum of US$200,000 in a company registered in the Dominican Republic, a Dominican bank or financial institution, or real estate. Residents under the domestic investor category must renew every two years. Domestic investors also qualify for special incentives, including Dominican citizenship six months after receiving their residency card.

Foreign Investor (Rentista Residency)

The foreign investor category is aimed at individuals who earn a minimum of $2,000 a month from sources outside the Dominican Republic, such as a privately owned business, property rental, or investments.

Consult with an attorney to determine the best residency category to pursue. While some foreigners attempt to go through the residency process without the services of an attorney, I’d highly advise against this path, especially if Spanish isn’t your first language.
_________________________________________

Maria Abreu is the CEO and Managing Attorney of Abreu & Associates, a law firm practicing exclusively in Dominican Republic Immigration and Nationality law. She is also the founder of Retire and Invest DR. This organization hosts conference events for foreigners interested in living, retiring, and investing in the DR. You can contact Maria at: mabreu@abreuimmigration.com.

COVID-19

February 25, 2024 - 11:00 am

Dengue: virologist Robert Paulino foresees as many cases this year as in 2023

February 25, 2024 - 9:52 am

SNS delivers more than RD$29 million in equipment to four hospitals in Santo Domingo

February 23, 2024 - 2:37 pm

PARLACEN urges Central American countries to address rising STD cases

February 22, 2024 - 4:11 pm

Minerd extending the school health program to all educational centers nationwide

MOST READ

Tourism

Powerful Sunwing Airlines offensive for Punta Cana with flights from the U.S.

Local

PRM secures overwhelming victory in 2024 municipal elections

Economy

ProIndustria reaffirms recovery and expansion of industrial parks in the east of the country

Economy

Punta Catalina embarks on transition: shifting from coal to solar energy

MORE NEWS

Bavaro & Punta Cana

Punta Cana surpasses Cancun in preference among argentine tourists

Local

Director of Tourist Police discusses safety measures in DR on “Parties and Personalities Show”

Local

Dominicans celebrate today 180 years of national independence

Tourism

Dominican Republic targets Colombian market at largest tourism fair