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They said it is normal it take 6 to 9 month, I had my passport stamp in august. I also talked to a guy that applied in april and not has been called for the interview yet. I need to go to europe in late february and read that I need to start over if I leave the country before it is finished.

I have a question that I think a lawyer would answer. What rights and obligations do I have after I applied for residence? What can I do and not do? For example: bank business, start a company, driving, traveling etc. My application has been at migration office for 4 month now and the answer I...

Hi. Is there a school that teaches out spanish to expats in Bavaro or La Romana? I prefere if it is a intensive class with several days every week. I also prefere a class instead of a private teacher. I don't want online courses. Thanks for suggestions

The swdish banks too. I even can't transfer money from my swedish bank account to my own bank account in DR, need to go though a spanish bank. The IRS in sweden is a pain in the ass too.

I talk about the bank in DR. I never take a loan or credit here so I didn't study the rules. I got my DR company for about 1 year with good profit, never needed a credit, never been late with a payment. Almost all money I earned I invested in the company. Buy new machines, land etc.

I asking others if they have experience from other banks. I can't believe I'll be the only expat with a company who been taking a loan. It is so many differences here, I had to go to 3 different banks just for opened an account for a new company for a year ago. Just because I didn't have...

Clarification. I have the machines registered with my Dominican company and they are not mortgaged.

Sorry that I only lived here for 4 years and have a company for 1 year with no loan. Now I start another company and ask for advice. My bank is not willing to lend money to a new company even then I have my other company there. They said that my old business has to be at least 5 years old with...

Every place in DR where there is some 'gringos' like us has this problem. More gringos, more problem. But don't forget, most of sold property is correct. I never heard of this problem in the countryside where the locals has the economy to buy.

I already have machines in the head company that is valued by the the insurance company to 14 million peso. As excavators, loaders and other machines for construction. Now I start an affiliated company and need some different machines.

It was therefor I wrote that the owner invest 50% of the required money too. The loan goes to buy machines and you can use them as a part of security.

Is it possible for a start-up company to get a loan for investment in DR. For example. if the company needs 100,000 USD to start up a production and needs to borrow 50,000 of this. 50% is invested by the owner. How do you proceed, which documents are needed and which bank is best for companies...