Why Invest in Dominican Republic?
The Dominican Republic is a country that offers many reasons to invest.
It is rapidly becoming the most traveled to destination in the Caribbean. The country’s growing economy is supported by an ongoing process of modernization and aggressive efforts to promote international trade. It has a democratically elected government with strong international ties to the US and Europe and enjoys an environment of political stability. Businesses are investing heavily in key infrastructure such as electrical grids, roadways, airports and more. Free zones and tourism are currently two of the most promising sectors for foreign investors.
Reasons to invest in Dominican Republic
The reasons to invest in the Dominican Republic are varied and there is something for everyone. There is a wide variety of things to do and a wide variety of lifestyles from which to chose. There are miles and miles of pristine beaches and mountains that reach over 10,000 feet high. There are private villas, gated communities, and cosmopolitan cities for shopping and entertainment. Many people say that the Dominican Republic has it all. Below are specific reasons to invest in Dominican Republic investments.
Dominican Republic has an ideal location
This Dominican Republic is a large Caribbean island and a popular tropical destination in the Atlantic Ocean that is accessed easily from most countries around the world. It has over 900 miles of ocean frontage with 300 miles of this frontage being beautiful sandy beaches. It has multiple climate zones and various lifestyles. The mountain range is the highest in the Caribbean and reaches over 10,000 feet. Depending on the route taken, driving time from one tip of the island to the other is over 15 hours.
Dominican Republic has great accessibility
This Dominican Republic is a large Caribbean island and a popular tropical destination in the Atlantic Ocean that is accessed easily from most countries around the world. It has over 900 miles of ocean frontage with 300 miles of this frontage being beautiful sandy beaches. It has multiple climate zones and various lifestyles. The mountain range is the highest in the Caribbean and reaches over 10,000 feet. Depending on the route taken, driving time from one tip of the island to the other is over 15 hours.
Dominican Republic has a gracious local culture
The Dominican Republic is a charming Latin-based culture rich in heritage. It offers a welcoming and friendly environment for travelers from around the world. The local people are warm and gracious and very service-oriented. True, they can be more aggressive when living in crowded metropolitan areas. However, when living in local, family-oriented communities, or when staffing resort or gated communities, they are truly enjoyable. You soon recognize they always have smiles on their faces.
Dominican Republic has investment incentives
Major corporations and investors all enjoy various tax incentives; free zone for corporations, tourism zones for tax benefits, and even an attractive retirees law for individuals seeking a place in the sun to retire. There is equal treatment for both local and foreign investors. There are minimal investment restrictions and there is free access to foreign exchange through local banks. Financing up to 90% Loan-To-Value is available from both US and Dominican banks.
Dominican Republic has rental income potential
Vacation rentals and full-time rentals are increasing year to year and this may offer opportunities for diversifying investments. Rental income can be used to offset operating costs and the timing may now be right for positive cash flows and increases in property values. Because the Dominican Republic is such a large country with hundreds of miles of pristine beaches, land costs are lower in comparisons to other islands that have limited land supply. Market Evaluations and Cash Flow Analysis’ are available upon request.
