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  1. #1
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    Default What is the real advantage to become a resident?

    Hi All,

    I am planning in the near future to move permanently to the DR;

    I was wondering what is the real advantage of becoming a permanent resident versus just stay
    in the country and exit paying exit tax and re enter

    It appears that people with no visa can still rent, buy a house, sell, buy bank CDs...etc

    So why becoming a resident if one can do pretty much the same things as a visa holder?

    Do you advice to obtain Residency visa anyway if I want to stay in DR long term?

    Thank you

    bye ;-)

  2. #2
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    Default

    Quote Originally Posted by giga View Post
    Hi All,

    I am planning in the near future to move permanently to the DR;

    I was wondering what is the real advantage of becoming a permanent resident versus just stay
    in the country and exit paying exit tax and re enter

    It appears that people with no visa can still rent, buy a house, sell, buy bank CDs...etc

    So why becoming a resident if one can do pretty much the same things as a visa holder?

    Do you advice to obtain Residency visa anyway if I want to stay in DR long term?

    Thank you

    bye ;-)
    In the past I would say, not a huge advantage as you stated above. As of the past couple months I believe things have/will change considerably on this topic, therefore probably a good idea. Some say you have to start the process from abroad now- I do not know but before asking too much here please do a search of threads as there are countless new ones on this exact topic, especially in the legal section. Good luck!

  3. #3
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    Jan 2002
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    Default

    Quote Originally Posted by giga View Post
    Hi All,

    I am planning in the near future to move permanently to the DR;

    I was wondering what is the real advantage of becoming a permanent resident versus just stay
    in the country and exit paying exit tax and re enter

    It appears that people with no visa can still rent, buy a house, sell, buy bank CDs...etc

    So why becoming a resident if one can do pretty much the same things as a visa holder?

    Do you advice to obtain Residency visa anyway if I want to stay in DR long term?

    Thank you
    Yes, as the previous responder indicated, in the past it didn't seem to make much difference. The government has talked for years about this and may now being doing something. There have been a lot of threads on this lately, but nobody knows anything for sure. And so far the only people talking about is are the ones on DR1. In other words, the government has not published anything to the world to let people know there may be some changes.

    For now, the best thing is to assume there are no changes. So if you were asking about coming for a couple of months, I would say come, enjoy, and don't worry about it.

    But you are talking about making a permanent move and living here full time for an indefinite period.. For you, given those circumstances, i would strongly recommend getting residency so you are legal come what may in the future. It is likely easier and cheaper to get residency now than it may be in the future.

  4. #4
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    Dec 2011
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    Default

    They want you to feel welcome, loved and at home in their country.

    They desperately want to be taken seriously as a sovereign nation.

    They want and need your money.

    They're trying to work this all out because they don't want to lose you. They want to make this work.

    Relationships are hard.
    Last edited by pollogringo; 09-11-2012 at 01:13 PM.

  5. #5
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    Default

    Well, having a cedula is a huge plus if you want to live permanently. Banks are starting to make it difficult to open even a savings account if you don't have one.

  6. #6
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    Sep 2011
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    The reasons it was worth it before were so I could drive legally, banks are easier to deal with (I've never understood but have always been a bit cautious about placing money where I am not legally supposed to be, I know it isnt unusual to have accounts abroad, but look where your dealing with). Everything in the form of contract is easier, infact life is just easier if you can go by the rules of the country you live in, try to stand out and you will just make headaches for yourself.
    i think the way it is, it is not what are the benefits of being resident, (I think they are still going to leave back doors open for those who want to play with the system), I think it is more likely the question of how much more difficult is your life going to become because you are not a resident.

  7. Likes Castle, Ken liked this post
  8. #7
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    Jan 2009
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    Default

    The driving, the auto insurance, banking - everything is simplified (oh, I shouldn't say that) - easier w/ the local documentation.

    Also, depending on your nationality, you can forfeit your native residency - leave the country - and adopt RD as your residence country, keeping your passport/nationality.
    That works for some.

  9. #8
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    Jan 2002
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    I have lived and worked here for about 20 years.
    I never saw the need to get my "Residencia".
    I do now.
    I will soon begine the process,whatever that "precess" is now.
    One less thing for me to worry about.
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

  10. #9
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    Feb 2012
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    nice Criss ;-) makes me feel better,

    If you dont mind me asking, you have a business on your own or are you an employee?

    Quote Originally Posted by Criss Colon View Post
    I have lived and worked here for about 20 years.
    I never saw the need to get my "Residencia".
    I do now.
    I will soon begine the process,whatever that "precess" is now.
    One less thing for me to worry about.
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

  11. #10
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    Jan 2009
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    Quote Originally Posted by Criss Colon View Post
    I have lived and worked here for about 20 years.
    I never saw the need to get my "Residencia".
    I do now.
    I will soon begine the process,whatever that "precess" is now.
    One less thing for me to worry about.
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
    Really ......... an interloper all these years..... you don't say.

    Let me know if need a reference letter from me.

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