Sosúa, Dominican Republic
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Moving to and living in the Dominican Republic - Relocation, residency and visas
For those considering relocating to the Caribbean, and particularly the Dominican Republic, it is best to be prepared with certain useful facts. When planning to move, it is wise to find out about residency and visa procedures and important aspects of relocation, whether you intend to invest in Dominican realty immediately or to rent first and buy later. At West Indies Real Estate we can help with basic information and point you to those who can advise in more depth on some of the finer points when you have made your decision to relocate.
Quality of life here in the Dominican Republic - Advantages:
Yes, you will be able to find American styled supermarkets in the DR. Also, you will also be able to find American foods as well as a large selection of international foods.
Relocation and living in the Dominican Republic - Security
For the most part, life around the north coast and its towns is fairly safe. However, with any developing country it is always wise to ensure you give some thought to the security of your family and possessions. Gated developments are always popular, not least because of good security. For those who wish to live in the countryside, it is not unusual to take on a security guard, who can be engaged via a Security Company, or whom you can employ privately at reasonable cost.
Relocation and living in the Dominican Republic - Banking and Currency
The Dominican banking system is controlled by the Central Bank, based in Santo Domingo and the currency used is the Dominican peso. At the time of writing the exchange rate was around RD$43 to US$1, RD$58 to EUR1 and RD$73 to GBP1.
Relocation and living in the Dominican Republic - Opening a Bank Account
There are some myths here; firstly you do not need to be a resident, you will however need all of the following:
You may then open a bank account in dollars or pesos or both.
Transfer of funds into and out of your dollar account may be by wire transfer, check or cash. You should be aware that the banking system here takes up to 30 days to clear checks, including cashiers checks or bank drafts.
Residency and Living in the Dominican Republic - Residency & Visas
The process for applying for Residency is currently undergoing some changes, but reliable information can be found here. There are moves to simplify some aspects of this process and we will update this page as new information becomes available.
Residency in the Dominican Republic - The main advantages for you:
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