Hi:
I am honestly looking for some input on what direction the new Dominican gov is going in regards to attracting foreign visitors and ex-pats investment in property. Obviously the new rules have made it more difficult for people to come here for a 3-6 month period. However, as we have seen, it seems that these new laws are in a gray area. I just wonder if these laws were implemented in order to be able to control people who are currently in the country and not documented in any way. Also, all of these new taxes will have some impact on tourism but I still think that the DR is still the best value in the Caribbean basin. I have owned a condo here for almost 6 years. I just don't have a good feeling owning property here. It seems that I see more corruption by government officials and more violent crime. The government does not seem to be creating an environment for foreigners to feel comfortable in making investments. Possibly they really are not concerned with this fact. Maybe this is a world wide phenomenon. All governments seem to be struggling with debt. Taxes will increase to cover this. I guess we should have expect many changes from the government here. Fernandez has done many positive things for the Samana Peninsula, where I live but evidently has also left the country with a huge debt. There is nothing unusual about this. Danillo seems to be concerned about this now but will he be 2 years from now. I don't know. The fact is that we live in a world wide economy and one geographical area can have an effect on another. The DR has experienced nice growth but seems to be heading towards socialist thinking when it comes to continually placing taxes on all goods and services. Is it just a matter of time before foreigners pay additional big taxes, either on real estate or just for the privilege of living here? I don't have the answers
LTS
I am honestly looking for some input on what direction the new Dominican gov is going in regards to attracting foreign visitors and ex-pats investment in property. Obviously the new rules have made it more difficult for people to come here for a 3-6 month period. However, as we have seen, it seems that these new laws are in a gray area. I just wonder if these laws were implemented in order to be able to control people who are currently in the country and not documented in any way. Also, all of these new taxes will have some impact on tourism but I still think that the DR is still the best value in the Caribbean basin. I have owned a condo here for almost 6 years. I just don't have a good feeling owning property here. It seems that I see more corruption by government officials and more violent crime. The government does not seem to be creating an environment for foreigners to feel comfortable in making investments. Possibly they really are not concerned with this fact. Maybe this is a world wide phenomenon. All governments seem to be struggling with debt. Taxes will increase to cover this. I guess we should have expect many changes from the government here. Fernandez has done many positive things for the Samana Peninsula, where I live but evidently has also left the country with a huge debt. There is nothing unusual about this. Danillo seems to be concerned about this now but will he be 2 years from now. I don't know. The fact is that we live in a world wide economy and one geographical area can have an effect on another. The DR has experienced nice growth but seems to be heading towards socialist thinking when it comes to continually placing taxes on all goods and services. Is it just a matter of time before foreigners pay additional big taxes, either on real estate or just for the privilege of living here? I don't have the answers
LTS