12.20.2005
The Dominican Republic - No Snow, No Taxes, No Problem!
"The Dominican Republic - No Snow, No Taxes, No Problem: Living A Better Life In The Dominican Republic - - For many, the country of choice is the Dominican Republic. In comparison to other well-known and path worn Caribbean destinations, the Dominican Republic still remains a place where real estate is extremely affordable, and where the US Dollar stills holds it's value in terms of spending power. For the price of broom-closet sized apartment in the Bahamas, you can have a large lovely home in the Dominican Republic, (a real one.) Additionally, in the Dominican Republic, bank accounts and yields from fixed income investments provide up to 10% in US Dollar accounts and up to 22% interest in the Dominican Peso, (the local currency.) Such income is 100% locally tax - free, which means that the possibilty of living off the interest from your savings is a distinct reality .
Generally speaking, the Dominican Republic may not be to everyone's taste, but it does offer many of the things expatriates and investors are looking for. Whether you are looking for locally tax-free banking opportunities, reasonable real estate, local services or activities to keep you busy, the Dominican Republic certainly has these things to offer, and more." [Via escapeartist.com]
Pimpin' Thoughts:
It is a beautiful country and the people are also very nice.
I wanted to recommend you see this blog:
http://niquel757.blogspot.com
Best regards
Javier
I wanted to recommend you see this blog:
http://niquel757.blogspot.com
Best regards
Javier
I looked into an investment down there months back. Unfortunately, investing in the D.R. requires all cash, as no U.S. financial institutions will lend there. So in reality it's much less affordable than you think.
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