Obtaining
Residency And A Second Passport From The Dominican Republic
There are quite a number of people
that either desire a Second Passport from a stable democratic country,
or in the least know that they can gain some important benefits from the
possession of a secondary travel document. The problem for many is
of course the expense and time involved. In the case of countries
like Belize or Grenada, an almost immediate passport is possible through
special economic citizenship programs. However, with costs reaching
up to US$ 50,000, the price tag is prohibitive for some people.
One can also look at special residency
programs from countries such as Panama, Ecuador and elsewhere. While
the expenses may be much lower than the figure mentioned previously, clients
must often wait up to five years to obtain their passport.
The Dominican
Republic - The Best Kept Secret in the Caribbean for Expatriates
While the Dominican Republic does
not offer formal economic citizenship programs, the process and cost involved
for both residency and eventual naturalization makes it one of the best
bargains around. The Dominican Republic is also one of the best places
in the Caribbean for bargain Caribbean Real Estate, Tax-Free Banking, and
the added bonus of beautiful climate should your interests include a comfortable
place to call home.
Being situated on the second largest
Caribbean island (for those that want to explore the possibility of a second
home), the country offers both the highest Caribbean mountain range ~ Pico
Duarte, and miles of unspoiled beaches. In short, this means that
those people seeking either a cooler climate found in the lush mountain
range or the endless summer lifestyle of a tropical beach can find what
they want.
The Author John Schroder
- When it comes to living and investing in the Dominican Republic John
Schroder is the undisputed Guru - He assists with banking, residency and
relocation -
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Instant Offshore Banking!
Yes, John can get you instant offshore banking. A phone call or an
email is all it takes. Offshore EURO accounts, US$ accounts, high yield
PESO accounts, and offshore anonymous debit cards. No through-the-ringer
complicated application process; John has the world speed record in providing
clients with hassle free instant offshore banking -
Canadians and Europeans can declare
themselves (yourself?) non-resident for taxation purposes in their respective
home countries with a legal residency elsewhere
Americans have the most difficulty
establishing bank accounts abroad with a US Passport.
In addition, the Dominican Republic
does recognize dual citizenship. This means that you do not have
to renounce your current citizenship should you choose not to do so (contrary
to what many people believe, current US citizens can obtain a second citizenship
without jeopardizing their current US passport).
.
Instant Offshore Banking!
Yes, John can also provide instant offshore banking. A phone call
or an email is all it takes. Offshore EURO accounts, US$ accounts, high
yield PESO accounts, and offshore anonymous debit cards. No through-the-ringer
complicated application process; John has the world speed record in providing
clients with hassle free instant offshore banking -
.
The
country also has a number of special "free-zones", allowing entrepreneurs
or business owners to operate a business with a very reduced corporate
income tax for up to twenty years. This is in contrast to places
like the Bahamas, which prohibits owners of a Bahamas IBC or "International
Business Company" from owning real estate or operating a company within
the Bahamas through the IBC structure. As a result, it is possible for
individuals to live in the Dominican Republic and own property without
restriction as an individual or through a Dominican Incorporated Company
(or other entities as well, such as a Panama Foundation). In addition you
can enjoy US Dollar or Euro denominated bank accounts (some US Dollar investments
up to 9% tax-free) and also may own and operate a business through a local
Dominican Incorporated Company.
There are few low priced places in
the Caribbean and none have more opportunities with less hassles
than the Dominican Republic - It is a Caribbean nation with low real
estate prices and a loyal European tourist community. The beaches, mountains
and countryside are truly magnificent with a wide range of climate zones.
Some Immediate Banking Benefits
for Americans and Europeans
If you are an American and have attempted
to open a bank account outside of the US these days - then you already
know that showing a US passport to a banker can be like garlic to a vampire.
If you are a European, we all know that the only way one can address
taxation in terms of banking - is to demonstrate residency outside of an
EU Country. In both cases, a very legal and legitimate Residency
Document solves the problem in many cases.
The Process
for Obtaining Residency and a Second Passport
Clients would need to visit Santo
Domingo in order to begin the residency process, but there is no requirement
that clients remain in the country during the residency process.
In addition, there is no specific required minimum investment in the country
in order to apply for residency. Clients should bring with them at
least 3 original or official copies of their birth certificate and a letter
of good conduct from their local police department.
.
There are
few low priced places in the Caribbean and none have more opportunities
with less hassles than the Dominican Republic - It is a Caribbean
nation with low real estate prices and a loyal European tourist community.
The beaches, mountains and countryside are truly magnificent with a wide
range of climate zones
The process would begin
with a required local medical examination by the medical staff at immigration.
However, this is a fairly quick and painless process. (blood test, urine
and chest x-ray) The reason of course is that the government wants
to make sure prospective applicants do not have TB or AIDS, or are illegal
drug user - a valid health concern for any country.
Ascot Advisory Services would arrange
for completion and deposit of the residency application. In conjunction
with this, handling the translation of client documents (such as birth
certificate, etc.) and everything else to move the process along.
In fact, the hardest thing a client must do is - show up. If you
can simply make your way to Santo Domingo, half the battle is already won.
Within 60 to 90 days of the initial
application, clients would receive a special card from Immigration, indicating
Provisional Residency, which is dated for one year. Also, the client
would obtain a Cedula Card as well. At this point, the
client would have the legal right to both live and work in the country,
should they choose to do so. Unlike in Panama, where the initial
temporary residency card must be turned in to immigration should the client
wish to travel, this first Immigration card obtained from the Dominican
Republic is kept by the client at all times. Clients may exit and
enter the country at will.
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Note: A Cedula Card is technically
a voter registration card used in all Latin American countries. This
is the same card all Dominicans receive at the age of majority (18 years
of age), and provides for all of the rights and privileges of any other
Dominican, with the exception of the right to vote in local elections.
The right to vote comes when the client is naturalized as a citizen (whereby
the client would obtain a new cedula as a citizen, once they become one
- should they wish).
The initial Cedula carries a one-year
expiration, and must be renewed after the first year expires. Upon completion
of the second year, the client may then move forward with the naturalization
process (citizenship) and application for a Dominican Passport.
What is the cost involved?
Much less than half of the costs required by other programs, and in fact
a much easier process as well. In short, clients have the opportunity
to pursue second citizenship from a stable democratic country, at a cost
that is downright inexpensive in comparison to some other programs.
In addition, should someone wish to retire, live or perhaps start a business
in the Dominican Republic, there are a number of attributes that make this
country one of the best places for relocation as well. When you also
consider the additional investment or tax-free banking opportunities, this
wonderful island nation is ideal place to call home.
.
John Schroder
is author of two books and numerous articles on living, investing, retiring
and buying real estate in the Dominican Republic - He has devised
a unique residency / passport program that is quick and effective.
While not celebrated
by the so-called 'instant passport' websites, John's program results in
residency in less time than any program we know about. In addition,
with John's program one ends up with a legitimate passport, unlike the
'instant passport' scam artists. Take the time to contact John and
find out what he can provide in terms of residency. Feedback shows that
John has the speed record for providing offshore residency. Getting
a passport after residency involves method. John knows the method.
If you want residency and a passport in hurry, contact John. Also
note, that to open a $US bank account in the Dominican Republic only requites
a current and valid passport (Americans take note). If you have residency
in the D.R., then even better - you are home free. No Gestapo-type
government can access a bank account belonging to a Dominican Republic
resident, even if that resident gained their residency a week before they
opened their bank account. Best to contact John for lifesaving residency
techniques. You can contact John Schroder in the Dominican Republic
at (809) 334-5387 or (809) 756-1917 - or use the handy contact form below:
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