Retirement/Pensionado Visas

Retirement/Pensionado Visas Who Can Apply:PENSIONERS: Foreign or Dominican citizens who are receiving a monthly income for a pension or retirement from a government, agency or private company of foreign origin, who are interested in moving his residence to the Dominican Republic to enjoy the benefits of their pension or retirement. RENTEES: Rentees may also benefit from this law provided they receive an income that is stable, permanent, which is principally generated from: 1 - Deposits and / or investment banks established abroad 2 - Remittances from banking or financial institutions. 3 - Investing in companies established abroad 4 - Income originated on real estate 5 - Profits earned by investing in securities issued in foreign currency 6 - Interest, dividends or income securities or real estate investments made in the Dominican Republic, whose principal has been generated or accrued mainly abroad.On the other hand, pensioners and annuitants interested in retiring in Dominican Republic, may qualify for the same benefits and exemptions granted to foreign investors and citizens living abroad such as the following: 1 - Waiver of 50% of the estate tax. 2 - Exemption of taxes on real estate transfers. 3 - Partial Exemption from taxes of Motor Vehicles. Law No.168. 4 - Obtaining Residency final document within 45 days. Decree No.950 5 - 50% exemption of taxes on mortgages, when the creditor institutions are financial institutions are properly regulated by the Monetary and Financial Law of Dominican Republic. 6 - Exemption from taxes on Household and Personal Property; Act No.14-93. 7 - Exemption of taxes charged to the payment of dividends and interest generated in the country or abroad. 8 - Waiver of 50% Tax Gain Capital, as long as the rentee is the majority shareholder of the company which is subject to the payment of this tax and that the company not be devoted to commercial or industrial activities. Requirements by Law for the Pensioners and Rentees For Retirement in Dominican Republic, the Pensioners and Rentees interested in benefiting from the facilities that confer this law should show proof of a monthly income as follows: Pensioner: Proof of a monthly income of not less than ONE THOUSAND FIVE HUNDRED dollars, American currency ($ 1,500.00). Rentee: Proof of a monthly fee corresponding to TWO THOUSAND dollars ($ 2,000.00) or its equivalent in local currency plus the amount of two hundred and fifty American dollars ($ 250.00) for each dependent. To be eligible for this program, the main applicant is not subject to a minimum age. Under this Act, may apply to the Residence Permit Program for Investment, pensioners and rentees, as well as their spouses and unmarried children under 18 years of age, or older children who can verify attendance to a college career; seniors disabled, and other dependents of the applicant. They may also include minors on whom main applicant or spouse is exercising fully recognized guardianship. Possibily of Working in Dominican Republic The pensioners and rentees covered by the Incentives Law may have a remunerative work. Benefits of exemption from tax tariff on imports of personal effects and household, as well as professional effects and equipment used, remain exempt the payment of taxes and may also benefit from the regime of Tax Exemption Part of Motor Vehicles, which was established by Act No. 168, amended by Law No.146-00, on Tariff and Fiscal Reform.

Published
Retirement/Pensionado Visas
Location: Santo Domingo, Distrito Nacional, Dominican Republic
Languages: English, Spanish
Description: 
Retirement/Pensionado Visas Who Can Apply:
PENSIONERS: Foreign or Dominican citizens who are receiving a monthly income for a pension or retirement from a government, agency or private company of foreign origin, who are interested in moving his residence to the Dominican Republic to enjoy the benefits of their pension or retirement. 

RENTEES: Rentees may also benefit from this law provided they receive an income that is stable, permanent, which is principally generated from: 
1 - Deposits and / or investment banks established abroad 
2 - Remittances from banking or financial institutions. 
3 - Investing in companies established abroad 
4 - Income originated on real estate 
5 - Profits earned by investing in securities issued in foreign currency 
6 - Interest, dividends or income securities or real estate investments made in the Dominican Republic, whose principal has been generated or accrued mainly abroad.

On the other hand, pensioners and annuitants interested in retiring in Dominican Republic, may qualify for the same benefits and exemptions granted to foreign investors and citizens living abroad such as the following: 
1 - Waiver of 50% of the estate tax. 
2 - Exemption of taxes on real estate transfers. 
3 - Partial Exemption from taxes of Motor Vehicles. Law No.168. 
4 - Obtaining Residency final document within 45 days. Decree No.950 
5 - 50% exemption of taxes on mortgages, when the creditor institutions are financial institutions are properly regulated by the Monetary and Financial Law of Dominican Republic. 
6 - Exemption from taxes on Household and Personal Property; Act No.14-93. 
7 - Exemption of taxes charged to the payment of dividends and interest generated in the country or abroad. 
8 - Waiver of 50% Tax Gain Capital, as long as the rentee is the majority shareholder of the company which is subject to the payment of this tax and that the company not be devoted to commercial or industrial activities. 

Requirements by Law for the Pensioners and Rentees 

For Retirement in Dominican Republic, the Pensioners and Rentees interested in benefiting from the facilities that confer this law should show proof of a monthly income as follows: 

Pensioner: Proof of a monthly income of not less than ONE THOUSAND FIVE HUNDRED dollars, American currency ($ 1,500.00). 

Rentee: Proof of a monthly fee corresponding to TWO THOUSAND dollars ($ 2,000.00) or its equivalent in local currency plus the amount of two hundred and fifty American dollars ($ 250.00) for each dependent. 

To be eligible for this program, the main applicant is not subject to a minimum age. 

Under this Act, may apply to the Residence Permit Program for Investment, pensioners and rentees, as well as their spouses and unmarried children under 18 years of age, or older children who can verify attendance to a college career; seniors disabled, and other dependents of the applicant. 

They may also include minors on whom main applicant or spouse is exercising fully recognized guardianship. Possibily of Working in Dominican Republic 

The pensioners and rentees covered by the Incentives Law may have a remunerative work. Benefits of exemption from tax tariff on imports of personal effects and household, as well as professional effects and equipment used, remain exempt the payment of taxes and may also benefit from the regime of Tax Exemption Part of Motor Vehicles, which was established by Act No. 168, amended by Law No.146-00, on Tariff and Fiscal Reform.
Products/Services: Immigration Agencies
Visas/Pensionado Visas/Retirement Visas