Dominican Republic ~ Residency By Investment Program
Time to Permanent Residency: 0 Year ~ Time to Citizenship: 2 Years
The Residency by Investment program of the Dominican Republic is a legal privilege under the General Immigration Act and its regulations, and the Foreign Investment Act. It exempts a foreign national from the procedure of obtaining temporary residence.
The program may allow you to obtain an instant permanent residence permit by investing in movable or immovable property or bringing your regular passive income or pension to the country.
Permanent Residency must be renewed 1 year after its issuance. The other renewals must be made every 4 years.
Through the program, after 2 years of permanent residency you may be eligible for naturalization, provided that investment/income requirements are still met.
To become a citizen, you will have to be fluent in Spanish, as you are going to attend an interview with an official, where you will state the reasons why you want to be a Dominican citizen, while your knowledge about the country’s values, traditions and culture, and your Spanish skills will also be tested.
Although there is no official physical residence requirement, it is recommended to spend significant periods of time in the country prior to naturalization, and to prove some ties to the country.
Investment
Investor Stream
You may obtain your permanent residence by investing US$200,000 in the country. The investment must be made according to the Foreign Investment Act No 16-95. It may take the form of contributing to the capital of a Dominican entity, a fixed term deposit, stocks or securities or even acquiring a real estate property. The amount includes direct dependents.
The investment must have been registered with the Export and Investment Center of the Dominican Republic (CEI RD), or in the process of being registered.
The minimum investment may be lower for capital contributions to companies established in the Free Trade Zone, as well as for designated Government projects.
Requirements
– Do not suffer from a contagious disease or a mental illness that alters your behavior.
– Clean Criminal record.
– Letter signed before a notary by a Dominican or permanent resident alien in the Dominican Republic that guarantees that you will at no time be a burden on the Dominican State. In addition to the expenses of repatriation and others, if necessary evidence of an insurance policy might be required. This guarantee must include the dependents being included in the application.
– Certificate of Investor issued by CEI-RD (Export and Investment Center of the Dominican Republic).
– If you are a shareholder of the company, original and copy of the Act of the administrative board of the company.
– Bank letter stating that you have a bank account at a Dominican bank.
Documents Required
Certified copy of passport- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Original Police Clearance Certificate
- Evidence of Health Insurance
- Medical Certificate
- Nine passport-size photos
- Affidavit of support for Dependents
