Yes. Thank you for pointing that out. I am actually at more than 10 years of residency and have several different options. I am still weighing benefits, etc. It is not perfectly simple. Last year I sold a couple properties I had here. We wanted to build a house in Miches. My kids are almost 18 years old now. Etc, etc.
If you have been a resident for more than 10 years, you may already be eligible for citizenship. You can contact us directly and we can evaluate your case
Obtaining the tax exemptions can take some time, since it has to go through 3 different government agencies, but can definitely be worthwile for the returns.
The eligibility criteria for residency under this program is not new. The application for obtaining the Investment Certificate has changed proceeding. You would first, have to register the company for RD$100,000.-; Second, transfer the funds (US$200,000.-) to the corporate bank account in the Dominican Republic; Third, increase the capital to USD$200,000.-; Fourth, once you have obtained the Investment Certificate from ProDominicana, you can continue your residency application process.
The invested amount must have changed because my investment was that high. I'm now seeking info to get my citizenship though.
Sure; if you obtained legal residency through this program, and have completed at least 6 months, you are eligible for citizenship. You can contact us directly for more details.
