President Leonel Fernandez sent to Congress yesterday a bill with incentives to those who choose the Dominican Republic to retire. Dominican expatriates who have lived abroad permanently for at least 10 years would also be eligible for the benefits. According to the bill, retirees who have predetermined source of income would have access to fast track their residence documentation procedures and would receive their permanent residence papers in 45 days. Those who qualify would be exempt from taxes on their household goods and personal items, as well as a partial tax exemption on a vehicle. To qualify, the legislation establishes a minimum monthly income of US$1,500 for those receiving pensions from companies or foreign governments, and US$2,000 for those having a monthly income on foreign savings. As written, the bill establishes that foreigners that are already residents in the country and that have the same qualifications as required in the law for new residents, could also receive the same benefits of the law.