Of course. But the demand drops like a rock also.
Real estate is cheap in Detroit right now.
- Thread starter PICHARDO
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Notice to all expats in the dr!!!
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Real estate is cheap in Detroit right now.
These new more restrictive regulations have nothing to with the DR but are most likely being pushed on the DR by the US. - via approvals for World Bank and IMF money.
The name of the game: making it harder for US citizens to flee the US and set up shop in the DR and take their money with them.
The name of the game: making it harder for US citizens to flee the US and set up shop in the DR and take their money with them.
IF Im not mistaken the idea is to make it easier to do business, especially for Small and Medium Enterprises, and both for locals and foreigners.
Surely it is simply to get expats to pay their taxes, the majority don't, and most that do work the books to some extent, but a bit of trickery is normal anywhere, but flying under the radar entirely not so.
Or I could be wrong
Or I could be wrong
Yes you could say I do, but that doesn't have to do with my statement. From what I read in the news and from what Pichardo posted here one of the goals is to make it easier to do business, or in his words:
In my case....I am a highly skilled worker even though not in an industry sector, and I believe my (small) undertakings will benefit from this new approach of the Dominican government. And I do believe the country will benefit from immigrants that contribute something to the country opposed to those that come for retirement, now I can go on and get nasty...but I won't.
Mauricio - The problem is that I do not think "small biz" such as you, I or Cobra may operate probably will be "too interesting" to the gubmit. For the "startup" they may think along the lines of US$10 million green field investment rather than couple of guys sleeping in their office living on pizzas and coffees and working diabolic hours (the typical American startup) getting a new gizmo or idea to fruition.
Cobra has a small touring biz, giving jobs to people when they have tours, and spending money in hotels, restaurants etc along the routes, plus gasoline taxes of course. Question is...will the gubmit consider that kind of business "worthy"?
Cobra has a small touring biz, giving jobs to people when they have tours, and spending money in hotels, restaurants etc along the routes, plus gasoline taxes of course. Question is...will the gubmit consider that kind of business "worthy"?
What about the Expats that employ gardiners, maids that buy fuel get cars fixed by mechanics or need plumbers or electricians? The expat dollar employs all of these when tourist season is over these expats support restaurants ,bars supermarkets if that is not contributing then what is ?
What I read in the news was that the government wants to stimulate SME, which normally doesn't include 10 million dollar start ups. I think our small businesses with growth potential are the driving force of an economy (at least that's true of a developed economy and I suppose the governments aim is to take those kind of businesses out of the informal sector where they prefer to operate now, due to the fact of high taxes and bureaucratic complications and thus facilitating them to access of bank loans, investors etc and giving them growth potential. And ofcourse make them pay taxes. I just summed up two different things I heard, one being the government wanting to stimulate small and medium business and the other one stimulation knowledge and entrepreneurial immigration over retirement immigration.
Explain the argument why one type of stimulation isn't better than both.
I can make an argument why ALL types of stimulation is better than cherry-picking one or two.
The DR already has a host real and perceived regarding foreigners (tourists, retirees, etc.). That is one reason they became "immigration friendly" just a few years ago, including fast track residency. IMO, reversing course does not bode well for that perception.
That foreigners can move here and get residency after they been living here as a tourist is partly what drives the economy. It would not be good for areas like Punta Cana and Puerto Plata if it becomes harder and maybe for some to much of a hassle. I think it is smart system now. You get to live here for a while and can test it before you start the process. Why change that. I dont see the purpose of it. You can also live here for years as a tourist and then just pay some taxes/fines when you leave. They would have to change that then if the purpose is to avoid criminals.
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