You didn't understand a word she said. Right now the economy is already destroyed. What she noted is that foreign residents kept the economy from totally collapsing. Therefore the Dominican Republic will look for ways to attract more foreigners and make the residency process easier. They have learned the value of their foreign residents.Its this type of thinking that destroys economies. The only thing she is missing is her rose colored glasses. The last count in 2018 there where over 80,000 hotel rooms in all the DR. Probably closer to 100,000 now. Prior to the pandemic lets say the ran at 70% occupancy (which is low)on a year round basis.
So 70% of 80,000 rooms = 56,000 rooms per day x 2 people per room = 112,000 people. Average them at a 10 day stay per room so the yearly turn of these people is over 5 million visitors per year. (The DR tourism office says 6.5 million but I'm shooting low here) That equals hundreds of thousands of workers. Think gardeners, maids, cooks, airport staff, food production, farmers maintenance workers and the list goes on and on. It also equals billions of dollars of revenue per year.
Now don't get me wrong the expats (of which I am one) contribute a lot to the DR economy but even the most creative accountant in the world cannot compare the expat/ immigration group with tourism and say its equal to or better. That's insane. I will make a note of the firm this woman is with and vow to never a spend a dime with these people. There lunatics' and the last thing I will ever willing do is encourage stupid.
If this is her plan on how to get business from people trying to immigrate here run for the sake of your wallet.
You didn't understand a word she said. Right now the economy is already destroyed. What she noted is that foreign residents kept the economy from totally collapsing. Therefore the Dominican Republic will look for ways to attract more foreigners and make the residency process easier. They have learned the value of their foreign residents.
I went back and watched it again. I still stand by what I said. There is no way the resident base here can sustain the economy. Its sputtering along but unless tourism comes back the DR will suffer greatly. As will most countries until the fear mongering of covid stops.You didn't understand a word she said. Right now the economy is already destroyed. What she noted is that foreign residents kept the economy from totally collapsing. Therefore the Dominican Republic will look for ways to attract more foreigners and make the residency process easier. They have learned the value of their foreign residents.
Yes, I agree that there seems to be "Part Two" and I wonder what is her motivation? Why the urgency? Like buying a "hot" stock? LOLIt seems to me that the video is rather counter-productive. She says there are all sorts of measures coming, that she can't discuss, that would make getting Residency easier. So instead of the conclusion that she reaches, that now is the time to apply for Residency, it seems that really it would be better to wait until the proposed measures are actually in place. That's assuming that they will actually ever happen.
Explaining this to the spewcrew is a waste of breathe.You didn't understand a word she said. Right now the economy is already destroyed. What she noted is that foreign residents kept the economy from totally collapsing. Therefore the Dominican Republic will look for ways to attract more foreigners and make the residency process easier. They have learned the value of their foreign residents.
No doubt about that.All she is doing is shilling for her legal practice. Nothing more nothing less.
Everybody calm down- sheesh
The process is a calamitous joke and this abogado in the video can do nothing to alleviate it and the RD could care less.If Dr really wanted to make residency easy you would not need a lawyer for the process. Their would be clear instructions online and a resource centre to help you with the process.
That said they did improve a lot with the online system, just missing a resource centre to help people with the process.