I just saw this on local TV (so, don't quote me on the following).
Apparently, there would be a new (?) immigration law which would provide qualifying residencia applicants who wish or plan to invest in the DR with the following advantages when compared with the regular process:
Upon verification of these claims, maybe prospecting immigrants planning to invest, might find it to be worth the while to at least ask an immigration lawyer if this is an option they might qualify for.
... J-D.
Apparently, there would be a new (?) immigration law which would provide qualifying residencia applicants who wish or plan to invest in the DR with the following advantages when compared with the regular process:
- 45 days process time (vs. 6 to 18 months).
- Reduction on some taxes, including elimination of the real estate tax on the first purchase (commercial or residential).
- Besides the usual allowance to import home goods and a vehicle, the option to instead buy a first vehicle here without paying ITBIS nor the infamous impuesto selectivo (a particularly intelligent option, for all parties involved, I think).
Upon verification of these claims, maybe prospecting immigrants planning to invest, might find it to be worth the while to at least ask an immigration lawyer if this is an option they might qualify for.
... J-D.