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#1 |
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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 ;-) |
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#2 |
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Hi All, |
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#3 |
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Hi All, 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. |
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#4 |
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#5 |
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#6 |
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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. |
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#7 |
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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. |
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#8 |
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#9 |
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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? I have lived and worked here for about 20 years. |
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#10 |
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I have lived and worked here for about 20 years. Let me know if need a reference letter from me. ![]() |
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#11 |
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There are two other reasons I can think of :One - airlines are increasingly requiring return tickets or residencies so to avoid hasssle at airports and the extra costs ( ie stranded somewhere) ; Second - being non - resident in your home country for Tax purposes can be a real advantage. (this of course does not apply to US citizens as they are taxed on their worldwide income but a residency will help with those overseas exemptions)
I think most of the other reasons - driving licences, legal documents etc that have been mentioned above are also good reasons but I think the most compelling for those who want to "RESIDE" in the DR on a more or less permanent basis is that it is getting more difficult and unpredictable to get residency status in DR - this is perhaps the third reason ! Just my views Olly |
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#12 |
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I did the residency ages ago because I knew , when you procrastinate usually it costs ,I had to fly back from southeast ASia to renew because it expired while I was away and THANK God , I just happened to check dr1 and find out what new regulation just popped out of the wood work about renewing by aug 7 or you had to start from the beginning your residency . I was way for 4 months so I suppose it did not just pop up .my point is I cut my trip short , grgrgr, almost said screw it, however came back renewed and now don't have to go through the new Bul.s I agree with above post its going to get more expensive and more Grief
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#13 |
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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. |
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#14 |
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I disagree, I have had an account for 3 yeras no cedula-only passport, I received residency 6 months ago and opened another USD account and when handed them my cedula, after a couple minutes they handed it back and asked for my passport- I asked why they didnt enter or need my cedula- answer: your cedula is still not in the system so it has no value to us... I tried this with Claro as well for contract, same answer.. I asked my lawyer whats up and I personally went through the process in getting it at the correct authority so its not fake, just that the system takes forever to update..It will be expired before it is in the system... Like i said, means squat!! |
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#15 |
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#16 |
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Today I was talking to an Italian and asked him when his residencia would come up for renewal.
He smiled and said that he never saw the need for one. He has been living here for 12 years, married a Dominican, owns a house, works. I envy the Italians. They know so much about bribing and corruption.... ![]() donP |
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#17 |
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I disagree, I have had an account for 3 yeras no cedula-only passport, I received residency 6 months ago and opened another USD account and when handed them my cedula, after a couple minutes they handed it back and asked for my passport- I asked why they didnt enter or need my cedula- answer: your cedula is still not in the system so it has no value to us... I tried this with Claro as well for contract, same answer.. I asked my lawyer whats up and I personally went through the process in getting it at the correct authority so its not fake, just that the system takes forever to update..It will be expired before it is in the system... Like i said, means squat!! I opened my account on the way to the lawyer's office to begin my application..... big rigamarol but what did i know? A cedula can be the 'Open Sesame' key..... much easier...like the old TV commercial "Try It - You'll Like It" And, yes again, it may take some time to get entered. But remember, its you national identity card - a serious thing to have |
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